New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-15

l.
much, so far as the public knew, on financial
questions, but there was a wide sense OF relief
and universal approval, when President Arthur
appointed him to the Secretaryship OF the
Treasury. 1t was sturdy. solid. busness-lIke
career throughout; and may well set other sue
cessful merchants to considering whether they
too do not owe the State something ana mlght
not try to discharge the debt. like Morgan, ny
lending hand, politically, whichever they see
an opportunity.
MI Vanderbilt is carrying war across the
border. h. fast freight companies oil the
New-York Central system will presently be
running over the Canadian Pacific. This
promises TO make lively times for the Grand
Trunk Railway, il return for the lively times
which, in past years, it hIs caused other trunk
lines Ii this arran cement indicates only
healthiul competition, the public will welcome
if. hut not otherwise. We have had enou IN
of sense ess wars in rates, with reckless cut
ting, followed by a compromise more or less
,table-generally less, Tne result of such
folly has always been that nobody gained any
permanent advantage. The public has had no
sue rates to depend on, and the railroads
have had greatly dim nshed profits to divide.
Some of the French Deputies seem re-
solved to bring dissolution upon the Cham
Der. As to the compromise measures pro-
posed by the Senate, they will have none
of them. On the contrary, the Commit
tee has now taken up NJ. Floquets bill
which orders the expulsion from France OF all
members of former dynastic families. This is
worse and more of 1t than NJ. Fabre's measure
which the Lower Chamber adopted and the
Senate rejected. That deprived the Princes
of their rank and gave the President OF the
Republic the discretionary power to exile item.
This banishes them outright. If the Chamber
now passes this BILL it is difficult to see what
else NJ. GrGvy can do than appeal to the
county for more reasonable set OF Deputies.
The result would determine probably whether
the Lower Chamber was to rule France with
a President and a Senate, or without them
Perhaps the sooner that is settled definitely the
better it will be for the Republic.
THERE'S no way yet of telling positively about
the loss OF life caused by the Hoods In the ONO
Valley: tut there is reason to hope that 1t Will
no. be so great as has been feared. The vlcfIms,
will be more numerous after the waters
subsde and fevers have had chance to breed
in the district that has been sub merged.
Meanwhile, the deluge moves down the ONO,
swelling as it goes, to join the Mississippi.
The people living near the banks of that nnruly
stream should heed the warning and he pre-
pared for the worst. The authorities OF Arkan-
sas Mississippi and Louisiana should especially
see TO it that the more ignorant inhabitants OF
places likely to be flooded are informed OF the
deluge that threatens them. There is still time
to get them and the most of their worldly goods
out of the way of danger Cheat damage -
likely to be caused on all the lOWlands and
then the cry for help of last season will be re-
peated. 1t will be responded to much more
willingly and promptly if the afflicted States,
cities. towns and villages can say that they
have done all in their power to make the losses
as small as possible.
Another proof, if any be needed, of the con-
tinued prosperity of the country will be found
in the report Of Mr.. Hepburn, Superinten-
dent of the Banking Department, especially |
where he describes the condition OF the Savings |
Banks. The resources of these institutions IN |
the last year have increased nearly $50 OOO,OOO. |
This is mostly made up of the savings OF
the working classes, for the securities OF the |
banks did not grow much more valuable III |
1852 than they were in 1881. So large an in
crease in their bank account indicates a proper
tionate increase in cOntentment among mill
ion of laboring meu and heavy fall IN the |
capital stock Of the Soclalstc agitators The !
Legislature should heed Mr. Hepburn's sug-
gestons about throwing greater safeguards
around the management of these institutions.
Nothing in the last decade has done more to
foster feeling Of hatred for capitalists among |
the labOring classes than the way in which |
they have often been swindled out of the earn
ings which they have laid aside The Dem
ocrats have always felt most aflectionate re-
gard for The votes of working men. Let them
show a proportionate regard now for the secur-
ity of their hardly won savings.
-
PITFPS AND HdRBORS