Evening star. [volume] (Washington, D.C.) 1854-1972, 1888-09-28

NOBODY need Be frightened at the prospect Of
dear nour this winter the result of the corner In
wheat, which has screwed the price up TO an
abnormal height In the Chicago MARKET Such
corners are old the history OF grain speculs-
tion, and the end has Invariably been the same
the manipulators get overloaded, bear syndicate
Is formed TO break prices and, before the public
know what has happened, there comes q great
crash, followed by period OF panic and confusion,
and then things settle down TO their normal state
again Sometimes the managers or the deal get
out alive, and sometimes they DO not II Mr..
Hutchinson. who Is engineering the present corner.
sets twodoliar wheat as his limit In newspaper
Interviews IL would be well for light investors 70
stand from under about this time. II he succeeds
In forcing the price 10 o dollar and . half he WI
probably begin 70 sell In small lots TO the eager
fools who have rushed mo the pit, and, BY judici
Gus trading, get rid OF the bulk Of his own load be-
fore the tumble comes. This depends on the
degree Of idiouc infatuation that siezes small
speculatorA II they are warned In time, Mr..
Hutchinson will be crushed under his own wreck.
AT any rate he has no Idea to-day OF being able TO
keep wheat high long enough TO seriously affect
retail prices In the domestic market; for he, Ike
every other business man, knows that even In
speculation, there comes q point at which more
profit Is 70 be made by other rich men who can
break the market on short sales than he can hope
TO make by crowding prices further up or holding
huco Wucrc lucy Anu Wncn that punt u
reached, Let him look out for b mself.
II Is true, as stated, that the democratic admin
istraton Is not responsible for the appointment of
Major Lydecker TO District once. His original
appointment 10 the ONCE OF Engineer Commis-
sioDer OF the District was made BY
President Arthur, and was . piece OF
fayoritism on the part OF Arthur TO
provide soft place in Washington ror the son
OF an old friend. But the present administration
Is responsible for the act OF fayoIitSm by which It
retained Lydecker In pleasant position In washing
ton, after his term as commissioner had expired, 10
the displacement OF capable Woodworking of1cer,
and against the warm protests OF the representa-
tive citizens OF Washington and leading members
ofooth houses OF Congress- And when last May a
COMMITTEES OF citizens visited the White House to
present convincing proofs CT the tncapacity
OF the aqueiuct management they were
treated courteously, but were referred 10 the War
Department, where they were treaIed c0urteously
and the promise was made that the charges should
be Investigated and the department would report
the results to the committee. Eut the
COMMITTEES have not heard from the War Depart
msnt 70 this day. Clique army favorirism had
come In To the protection OF Lydecker, and this
same spirit Is now being invoked 70 secure his re-
tention or 70 replace him by another of
the same social set In case he has
10 go. Tho administration will do well
10 make peremptory stand against this
sort OF influence. II Is imperative that TO restore
public confidence, there should be an immediate
change In the acqueduct management, and capa-
bic. vig1lant, and energetic of1cer put In charge.
No more dude management will be tolerated
Another cave-in has occurred In the wyoming
valley, the roof Of an abandoned coal mine having
given way with tremendous crash. swallowing
up I'VE acres OF land, damaging the foundations
and breaking the windows OF houses In every drec-
ton. and shaking the whole country roundabout
like an earthquake. This Is a kind OF disaster for
which there Is really no excuse. Mines do not
collapse unless their pillars are robbed which il
the work OF the avaricious operators, Ill content
with the pronts which can be got out OF ordinary
digging. The evil extends even TO the cayerns
under popuious towns. For all that anyone knows
the whole city OF Wflkesbarre, with its 10000 In
habitants and its thrifty mills ana factories Is
undermined Ia every part. should a cave-in come
there at any time, the damage would be beyond
estimate; and yet, so slight Is the state SUPER
vision over the operations OF the mines that it Is
said there Is not a drawing In existence to-day
which would show whether the city Is on thin
crust or a thick one. or from which the proba-
pilities Of disaster could be calculated even re.
moIely.