St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-30

an impost duty on her wheat-ample
causes for declaration of war by Russia,
as they are thus aimed at her exclu-
sively. Russia swallows all, but still
maintains her army on the German and
Austrian borders, stirS up strife in Bull
garia to create revolution to justify her
interference in behalf of civil order.
and, as warning to England, sets up a
rival to the ameer of AfghaniStan. All
this neceSSitates the maintenance of
IMMENSE ARMIES
by the other powers, and the constant
negotiation of new and immense loans,
till tire people groan under the almost
unbearable burdens Of taxation that
this all necessitates.
This state of things cannot and will
not be long continued. The powers OF
Europe dare not suffer Russia to con-
tinue further in her course of aggran-
diZement. They are Just waking up to
a realization of her enormous resources,
her tremendous power and her inSatia-
bic ambition, and are determined to put
an etfectual check while yet they
have by consolidation the power.
| regard it as certain as anything can
possibly be that lies out the domain of
absolute certainty that as soon after the
SHOWS have melted next spring and the
rivers have subsidized so that there will
be no physical obstruction to military
operations, that these vast armies Of
millions of men, with more deadly i'm
plementS of warfare than ever before
were placed in the hands of any sold
iery, will meet in the shock of battle,
and that the war will not cease until
Russia is so weakened that the great
central powers of Europe can retire
with the feeling that they can rest,
UNNAMED AND UNTHREATENED
by this gigantic power of the North, for
quarter of century at least.
One word more to diSpel the last hope
of peace.
Some may say: preparations for war
sometimes secures peace"-So it does.
Well, may not these powers come to-
gether now 10 avoid such conflict and
agree to disarm? Have you considered
the vast number, millions of men that
have been gradually withdrawn from
the fields of productive industry and
placed in the army, and that still
there is complaint Of overcrowd-
ed labor markets? What will be
the result when those millions
are sent back TO their homes?
Where will they find employment?
What civil connections will result?
What anarchy-WorSe than War-and no
substantial good realized.
The spirit of revenge, the thirst for
glory-the greed of national aggrandize-
ment have drought about a condition
of things that can only result In the
impoveriShmenr Of the nations, or speedy
war. or civil connections that will
shake the foundations of society and of
civil government throughout Europe.
Yours Respectfully.
II. S. FAIRCHILD.
HEARD ELSEWHERE.
The GLOBE has made special inquiry
beyond this letter among prominent
monetary men OF the city and state, and
the following very gratifying informa-
ton has been received from them:
Banker l.. Z. Reed, of st. Paul, to in
QuirieS as to the effect of the wheat
furry, replied: Il think the sO-called
hard times are over, and that the season
of depression that has weighed us
down, although not discouraged, is a
thing of the past. There has been no
particular Stringencyin money, but the
times have been quite dull. This get
ting of good price for wheat by the
farmers directly helps lis, and | am very
well pleased with the prospect except
that in response TO the raise do not think
the wheat is coming in fast enough.
Still, the country is in good shape, with
an ever-brightening prospect. Our
wholesalers are receiving collections at
the rate OF $1,000 to $4,000 every day,
and this is a state of affairs that has not
been known for long time. You will
notice also as an indication of our
GENERAL PROSPERITY
that no mortgage sales are being pub
dition to all this, real estate has reached
the bottom notch and can go no lower.
Now is the time for those holding st.
Paul property to keep close to it. 1t is
bound to go up with the general rise in
all values that is promised"
Michael Doran, the veteran wheat
dealer, said on Friday afternoon: