The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-19
CURRENT PRESS COMMENT.

THE men who have gone down are not among the
producers. They thrive upon the weakness and avarce
of their fellow-men. They much gamblers as
the men who bet on horse-Taces who hazard their
money upon the turn of card The legitimate bust
of the country would not suffer if earthquake
We're to swallow up Wall and Broad streets-Nationa
Republican.
PARTY. after ALL is more than a man. and it is not
necessarily wise TO that party ought to be de-
feated if circumstances have made its popular
member unavailable. If it be desirable as we believe
to retain Republican control of the government that
result can be accomplished beyond question only by
the nomination of candidate who would be willingly
supported by all voters who under any circumstances
would vote for a Republican.-Herper's Weekly
| ONE thing, however, the government through Con
greSs, ought to do, and that is absolutely forbid.
der heavy penalties the borrowing of money from
banks by their own officers The practice leads not
only to gross abuse, but see to great disaster
Everybody's credit who borrows from bank ought
to be Judged by eyes less friendly and prejudced than
his own or those of his associates We believe Mr.
Hewitt is about to introduce bill of this tenor and
effect.-New York Evening Post.
WHEN the laws of Ohio concerning evidence and
judicial procedure thoroughly reformed and the
rights OF the community well as the interests of
munity. If seoundre now and then escapes through
the intellectual power of his counsel the event will be
so exceptional as to be of little Importance. Cincin-
matt has not suffered from Choates, but from chcaner
for alarm. Cincinnati Commercial Gazette
THE money lost by one set of mon in Wall street
Jim Keene, who brought five or six Millions few
years ago, from California to New York, has lost it;
but the property is not annihated it has only passed
from Jim keenes strong box into the hands of other
men, No property has been destroyed there has only
been readiustment of estimates of values and
we do not believe any serious consequences outside of
the stock market are to be apprehended Milwaukee
| Sentinel.
THE experience through which the country has
just passed hardly fail to convince the most skep
tical that the general situation is hopeful. Wall
street has been a terrible weight dragging downward
but 1t has made appreciable difference beyond the
/
hdence now rests upon absolute demonstration, and
not upon surmise There is, in point of fact more
reason to feel assurance against general panic than
at any time since tho decline in values began-Chicago
Inter Ocean.
! No merchant can indulge in speculative schemes
without damaging the credit or endangering the sta.
blity of the firm Of which he is member; but the
risk which bank president and the mischief that
he may do are hundredfold greater. The spirit of
control of bank often presents opportunities for
wrongful acts. The affairs of the bank may be mis-
managed and the trust abused by honest pres
ident the institution may be swinded and robbed by
| an unscrupulous one.-New York Herald
THE besetting danger of all the banks lies in the
tendency of the officers to bank funds in outside
and individual speculatons, If that evil could be
thoroughly provided against the risks of failure and
suspension would be materially essenedi and it is
deniably within the province, il is obviously the
duty of the government, devise adequate measures
for that purpose in far pertains to the banks
which it charters and over which it exercises surve
lance and control That much at least is due to the
patrons of said banks and TO the business interests of
the country generally and the events of the past week
demonstrate that there is immediate necessity for
such aetion--SSt Louis GlobeDemocrat.
| If the New York banks not in the habit of pay
ing interests deposits subject to check and draft
they would not be tempted to put all the money they
control into call loans which invested in stock
margins. They would then be content with legiti-
mate loan and discount business upon proper seeuri
ties They would he obliged to close their doors
at the first signs of depression IN Wall street and
| when finally compelled to suspend, they would not
drag down with them the local banks of remote cities
| and towns. Better than all the margin of gambling
of Wall street would be materially contracted in
| volume if the bank funds of the country not
available, and If the spectators confined to the
| risk of their money and such money they
could borrow their securities in the regular com
| mercial way.-Chicago Tribune.
| IT is time that honest and respectable bankers,
brokers and operators, here and In Chicago took
concerted action against the most dangerous enemies Of
all legitimate business and of all people men, women
and children who have any considerable proportion of
their invested in stocks The enemies of prop
| erty to whom refer those whose false state
ments and ruInors affecting stock values Grim
! insl acts and made by our law. They the
meanest and vilest products of speculative To
win their bets that certain stocks will be lower they
will invent all manner of malicious lies affecting the
characters and standing of prominent men, and affect
ing the condition of banks and other corporations.
| There is limit to the lies of these whispering
wretches these cowardy insinua of the contagon
of distrust into the minds of excited men, these
less sssassns of private and corporate credit who wit
ness with conposure the devil himself might envy,
the Widespread losses to widows and orphans and to
all the rest of the large class of helpless depostors and
| stockholders, brought about by the lies coined ito
| bring down the market. New York Mail and Ex-