Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-28
What Henry George Has to Say About
the Present Strikes and the
Knights Of Labor
The stock Market Never Before SO
Like a GrayeYard--Late Wall
Street Gleanings.
Glimpse Of New York Fashionable Ldfe
since the BEGINNING Of Leht-'The
Political Pot.


indications OF movement, deep Rno
strong, that has been going on In the
United States for some years past, and
that, in turn, Is but phase oi move
ment wide as our civilization. The new
wine Is beginning 10 ferment In the old
bottles. The struggle against chattel
slavery Is over. The revolt against indus
trial slavery has begun. What the
knights of Labor mean is the application
to industrial warfare Of the principle oil
the masslng OF force on the point OIL
attack. Their organization Is TO the
trades what the trades union is TO the indi.
yIdual worker. And its spirit Is that OF
the unity OF the interests Of labor, spirit
only beginning It's work.
Whether the strikes now In pro-
gress are won or lost can make little dit.
ference ia ultimate results. They are
like affairs OF outposts at the beginning
Of lie and death struggle between great
nations. On which ever side lies the ad-
vantage, neither side can refrain from
pushing II, while neither side can be SO
decsiVely beaten that 1t will not rally It's
forces again and make new stand No
defeat, and no series Of defeats, can now
deprive labor of the consciousness OF
power, and monopoly has too much at
stake and mas too long been accustomed
to rule to be conquered In this way into
more than hollow truce. Action must
boget reaction, and combination provoke
counter combination, for there are behind
tho combatants on either side the might
lest Of forces. The spirit OF the age the
rising spirlt that proclaims the equality
OF men, and bids the newer OF wood and
the drawer Of water aspire TO the full es-
tate OF a freeman, meets economic condl-
tons that tend to grind the masses into
hard and hopeless seryitude,
II IS idle to cry peace where there Is no
peace, and to imagine that the preaching
of moderation can only avail when the
strongest OF passions are aroused. These
strikes mean war, and that civil war; not
war between organized states like that
whose epoch has with us just closed, but
war between organized factions within
the state, which ranges neighbor against
neighbor and draws lines OF battle in city
streets. IL is the "llouse OF Havep and
the "House OF Want" that are coming into
collision, and they everywhere jostlc each
other TO be sure, this Is as yet only a
negative war, which resorts TO blockade
and not TO bombshell ;but II Is still war in
nUlllts huu Nlth HhNHAphN hlN lOhnNA
and men are marshaled the negative may
flash into the positive, and struggle of
endurance change to struggle of phySi-
cal force, with any accident.
Unpleasant as this may be to those who
care little for any injustice so that the pub
lie peace Is not disturbed and unexpected
AS 1t may be TO those who have imagined
that In giving men the ballot without re-
gard TO trace, color or previous condi-
ton OF servitude," we have indicated
the Declaration of Independence, and
that republican institutions and common
schools have settled all social questions,
IL Is tho inevitable result OF conditions
which, In the midst of cover production, {"
condemn men to biting want, and amid
millions Of acres OF UTILIZED lnnd make the
mere 'leave to toll'' thing TO be strug-
ged for. And he who would prevent de-
structive strife, it Is for him to set him
self 90 discover what may be at bottom
the cause OF this. Great masses of men
do not combine into widespread organ
iHation, they do not enter into contests
that Involve sacrifice and privation unless
lmpelled by strong motives and under the
spur OF deep Injustice. That there Is nj
the foundation OF our social structure q
fundamental injustice is MS apparent as
the sun AZ noon-day. And no matter wha,
the political institutions, society cannot
be safely based upon injustice.
Henry GEORGE.
The stock speculation liz practically a'
dead as the proyerblal doornail, and tn,
majority OF the brokers firms are at thell
Wits end how TO make daily expenses
Outside orders have absolutely ceased
and whatever transactions occur on The
floor Of the exchange are almost eXclu
sively the petty trading OF professions
board members. In fact, the stock mar.
ket was never so near the famous similt
of the late Jim Fisk-that 1t Is like
graveyard; those who are In cannot ge
out, and those who are out don't want &
get IN, Business hours In the offices ar,
passed IN playing backgammon or ches:
and IN discussing the oregon disaster
Mrs. Morgan's art sale and the two las
fashionable divorces, that of Mrs. Turn
huh and that OF Mrs Frederick w Ste
Yens.
The loss OF the Oregon Is OF more inter
est To Wall Street than 20 the rest OF III,
community for apart from the desire o
learning all the details, and the cause o
the calamity, brokers want TO find on
what Is TO be done In regard TO the secnr
tiles which We're on board and wAlcl
went down with the ship. II is said tina
the Oregon was bringing over some 30, O0t
shares OF Reading, some S5,000,000 o
Erie seconds and West Shore bonds, anC
large quantity OF Erie common anC
various othet stocks. Most OF the seour
tiles are likely to have been sold previous
10 shipment, or, as the commercial par
lance has In, "sold to arrNe,N Butwhilt
articles OF merchandise and precious
metals are usually insured when shipped
stocks and bonds are seldom so, TO
the expense Is considerable while tn,
arbitrage calculations between the tw,
countries are very close, Somehow o
other 1t seems repugnant 70 shipper o
Wall Street securities 70 pay the insur
ance on, say, 100000 for little bit of
package which clerk takes 70 the ship
ping ONCE In his pocket, and which woul,
be Of no earthly use to anybody who stol
or found H. but In this case comes NJ
the question Of the status OF the shippo
OF these securities lie sold them an,
cannot deliver them, so that he PRACTICAL,
remains short OF them until the diver
recover them from the sunkon ship, o
until their shipment and loss have beer
proved and the legal question has beer
decided as To whether they can be re