Morning journal and courier., 1884-05-15

Worse and worse yesterday in Wall street. What will happen to-day no man can tell, but there was little stesdier feeling at the close of business yesterday.
 Lord Coleridgs's very complimentary re- l marks concerning Americans while in this country are reported to have given offsnse to | some of his countrymen. It is hard work to please some Englishmen.
 Governor Porter of Indiana says that in | order to win next November the Republican party ''must show itself in sympathy with the best aspirations of the people, This is l true. The nomination of Blaine will not be an exhibition of this sympathy.
 The Brooklyn Union is about right when it says: Senator Sabin's financial misfortunes should surprise nobody. There has been too l much of the rocket about his sudden wealth and no less sudden political prominence, and | 1t would not be strange if he should come | down like the stick. Whether or not the | story is true that he will at once retire from the chairmanship of the Republican national committee, the new committee which will be constituted by the June convention should have chairman with less of a commercial flavor about his politics.
 The famous Tombstone mining district has proved the tomb of a great deal of '.invss- tors money. The Grand Central mine in which N. K. Fairbank and other Chieagoans were at one time largely interested, has gus pended operations for lack of ore Last month it ran at loss of $2s. 900. The Con- 1 T1aip S0a was fine ore deposit, and has yielded for tunes to several people, but the end has come. Both mines are exhausted, and the district will soon be given over to prospecsOrs and others who live on the aftermath of a wrecked mining camp
 A bitter contest is in progress betyeen two groups of French holders of Suez canal shares. The one is in favor of the comple- tion of the agreement with the English ship owners and the admission to the directorate of seven more English directors. The other party, which is especially active in flooding all interested with alarming circulars, is hos tile to any increase in British influence, and is striving to procure 8 complete defeat of the recent agreement by means of the bad
 
 project for creating the seven new directors fell through. The shareholders meet next on the 29th instant.
 The failure of the Marine National bank has again directed attention to the obviously needed changes in the laws regulating na- tional banks. Congressman Miller of Texas, a member of the House, banking and currency committed, says: "The laws should be amend ed to change the whole system. The govern ment cannot, through the comptroller and his examiners, obtain real knowledgs of the operation and standing of the banks. Why, one examiner in Massachusetts has, believe. 1,s0o banks to examine in year. How on earth can he, or the comptroller, know what is going on2 And then think of the thou- sand other banks throughous the country going through the same forms. Frauds will occur and keep on occurring about which the comptroller can know no more than the man in the moon. He has it in his power, though. to crush out one bank and foster sn- other at will. if he chooses, and statements of that kind have often been made to me, but