The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-20
What Wall Street Is Talking About.


NEW YORK, June 1S.-Although Wall-street
speculation is beginning to revive, the general
trade is still inactive, and lives mainly on ex-
pectations of good fall season. The merchants
and business men have just now a fashion to
grumble against the press, and it is not out of
place to give the substance of the views of some
of them. If condensed and put in shape for the
press, it would run thus
1t is almost disgusting to read the New York
newspapers of the present. They seem to be
written for the criminal classes, dudes Anarch
lists, the American followers of Parnell and the
pot-house politicians of both parties. When the
President was married some of them printed
half page and others two pages, giving bogus
descriptions of an event which no reporter Wit
messed. When he and his wife ran away from
Washington into the Maryland mountains they
sent their correspondents after the couple on
special train. The reporters. according to their
own accounts, were compelled to live on the rail-
way car; except on one occasion, they were new
er inside of the Presidents cottage, and yet they
sent, the Times says, 400, 600 words by telegraph
in the Eve days and half of Clevelands stay
there. Three-fourths of all this stuff must have
beer pure fction-no more fact in it than in a
dino novel. Every day for the past two months
we have been deluged with columns and columns
Of rubbish on the Irish question.
Everybody is interested in the tariff question.
and yet for every line printed about the tariff,
the silver question Or the present condition of
the home and foreign trade. during the last six
months, we have had columns, and. one might
say, pages, printed about the Irish problem,
about pugilists and about ward politicians, who
ought to be in State prison. There is universal
business depression everywhere, but not single
of our journals endeavors to try to explain
why it u.s. or tries to find remedy.
Reports have recently been published that
President Arthur is growing weaker day by day,
and that his condition is extremely critical. His
illness is generally said to be the result of indi
gestion and malaria. caused by the unhealthy
climate of Washington, and his free and high
living The truth is, however, that not one of
the published reports regarding his condition has
any foundation in fact. Neither any Of the mem
bers Of General Arthurs family nor any of the
doctors in attendance upon him will give any in
formation as the real condition for publication.
The reason of this reticence is that he reads
every line in the newspapers concerning him
self, ard as DR.. George Peters, the ply
sican in charge, said the other day in
conversation: 'The publication of all the re-
ports now given will not have the slightest eff
feet upon Mr.. Arthurs health as they do not
come from reliable source; whereas, If | were
to express an opinion on the case and Mr.. Ar
thur saw it, the effect might be serious" An
ether thing is that Dr. Peters dislikes notoriety.
The physicians in attendance upon Grant and
Garfield made their bulletins regular adver-
tisements for themselves and created considera-
BILE scandal in the profession On the other
band, rumor has it that the illness OF General
Arthur is exaggerated for political purposes. AS
his intention was to run for Senator, his compel
itors try to make him man unfit for Office for
reasons Of health.
Since the Rhode Island Legislature passed
prohibition act people in that State cannot get a
drink, even in the clubs, and such great water
ing places as Newport and Narragansett Pier are
now teetotal establishments. The consequence
is that many men who would otherwise have
taken their families there for the summer are
looking out for other summering resorts 1t is
reported that at Narragansett the Casino will
not be open, and that real estate has fallen con-
siderably since the passage of the new law.
Stock brokers who were going to open Offices in
these resorts for the summer have given up the
idea. and do not care to risk their money in such
an enterprise. RIGoLo.