Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-08-22

seems % have irrssrisvably ruined hts
section Of the Democracy. His course
toward Squire compares unfsvoraoly
Mir his course toward the Republican
General Shsler, charged with bribery.
| The mayor made no Investigation OF
| tho charges until after Shsler's trial by
: iory. Then he removed him, and
The removal now awaits the action OF
the Governor. In SOURCES case he
nursued the investigation In tho face
Of the grand jury, who indicted the Com
missioner and removed him on erparte
evidence without waiting for q jury
trial. The only reliance for Democratic
success in the city this fall Is clearly
| Tammany Hall. Her withers are I'm.
wrupg. Not q particle Of mud has
fallen upon her leaders. Her shield was
never brighter. Years ago the name
Of Tammany was a stigma on the De-
mocracy. Now the tables are changed.
The revelations duplicating prominent
Democrats are having their effect, and
il looks ss though the appellation
+" Democrat might injure Tammany.
The people are becoming so intensely
aroused that the city may slip into the
hands of Republican mayor. III SO
the Democratic party will thoroughly
appreciate the heritage left it by Grover
Cleveland when be signed the bill Civ
ing the mayor Of this city autocrs!ic
power. A Republican mayor would
have the absolute appointment OF all
the new commissioners. He would be
justified by a Republican Legislature.
who would certainly refuse to repeal
the bill. Democratic chickens would
thus come homo to roost, aud Repub-
lican politicians would gather the eggs.
A GREAT LARD SPECULATION.
One of the largest lard speculations
which has been seen for some years Is
now exciting considerable interest. 1t
recalls jim Keene's and McGeoch's
lard speculations. The deal has been
run for about three months, and the
Produce Exchange has been completely
nonplussed as to who was at the head Of
it. John Plankinton, Of Milwaukee,
has of late generally been considered
the leader. He is an old partner Of
Philip d. Armour, and the two are ap-
parently not entirely ASSOCIATED in bu-
siness enterprises even now. 1t is
stated on excellent authority that
Mr.. Armour has engaged some 800
cars for the purpose OF shipping
about $4,000 tierces Of lard from
Chicago to New York. This would
seem to indicate that he is in the spec
ulation. Within q week or ten days
the sales of lard for export, mainly in
Chicago, have reached some $4,000
tierces, and of this large quantity 90
600 tierces have been taken for Ham,
burg, Germany. The broker and agent
here for John Plankinton is John Gin
namon, who made rather spicy record
for himself in Cincinnati some years
ago in connection with drafts on New
York, on the strength Of bills Of lading,
which were sufficiently defective to lead
to suit on the part Of Colgate & Co.,
the soap-manufacturers, against the
railroad company. For some reason
Mr.. Cinnamon left Cincinnati and estab.
lished himself in New York. Mr..
Plsnkinton made him his agent here,
and the obliging Cinnamon says there
is no manipulation Of the market, no.
thing wrong, no cards under the table,
none up his sleeve, in short, that the
rise in the price Of this commodity is
purely natural. 1t unquestionably is
under the circumstances. 1t rises at the
nod Of those who rule the market. Mr..
Plankinton's broker has been "sell-
ing" thousands Of tierces Of lard to a
German house who have lighted on the
deal like a couple Of able-bodied Hes
sian flies. This firm is Clodius &
Teschendorf. Some time ago Clodius
left New York, saying that he was
going to the White mountains to
recruit his health. 1t is stated on
Change with broad smiles that he
really went to Europe, and about the |
only mountains he has seen are the |
Alps in his weary wanderings over the
Continent trying to tighten the load for |
Plankinton and his fellow-dabblers in |
the hog product. The price on the
Continent is 600 cents pound. Here
it has latterly been about u. In Eng |
land it is cents. These figures are
enough to warn every sane Spectator
g" failing on " after the clique that he is
on dangerous ground. The clique of |
spectators are simply trying to keep |
up appearances, squeeze few Chicago |
shorts, and get out of the pit they have
dug for themselves. The climbing is
not so easy as could be desired.
SHORT ON WHEAT.
AS to wheat, Cudahy, Ream, Jones,
and their friends are out in the cold.
They went long some months ago and
foolishly unloaded Just as the foreigners
who have made so much money selling
short for four years past had become
frightened. The Chicago men lost be-
cause they were too quick on the trigger.
The foreigners recovered their shorts
and went long, while the big
Chicago men went short, and they |
are now trying to prevent any ad-
vance. They may find that they are
trying to stop the wheels Of CONNER
cial Juggernaut. The Chicago people
are short to the foreign houses who
want the wheat, and are shipping it
out of the country as fast as it arrives.
In two days this week the sales OF
wheat here for export reached nearly
leo boat.loads. The current prices for
wheat are lower than they have been
at the opening of the season for several
years.
High license has worked successfully |
-. &. h,,;nc nlopad m Gfty On