The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-03-01
wan street's Criminals.


There is great interest IN all parts Of the
country H. the approaching trial Of Henry
S. Ives and George H. Stayner, the ex-
bankers of Wall street, who began business
with a capital of $4,000 and in twenty
months failed for $16,000,0J0 The story
of their transactions is pretty well known.
They we're arraigued on Wednesday and
plead mot guilty" to the four indictments
which have been found against them. Their
trial, it is expected, will begin within a
week, unless in the meantime they should
decide to withdraw their pleas and admit
their guilt.
There does not appear to be any doubt
among those who are familiar with the
charges against them that they will be
found guilty. The testimony in the hands
of the prosecuting officers, showing their
rascality, is very strong and direct, and, be-
sides, their chief clerk, a man named Wood
ruff. who is familiar with all that took
place in their banking house, has announced
his willingness to become a witness for the
state and tell all he knows about the bust
ness transactions of his employers.
There is every probability that Ives and
Stayner will be sent to the penitentiary,
and if all that IS charged against them is
true, they ought to be sent there for life
The published accounts Of their transactions
show them to be the worst kind OF thieves
Exactly how much they stole during the
brief existence of their banking house will
probably never be known, but the amount
reaches millions of dollars.
There are a great many transactions in
Wall street which, il examined closely,
would show that the parties to them are
little, If any, better morally than the com
mon thieves who are daily sent to the
prisons from the police courts. Men, with
immense capital to carry out their schemes
for increasing their wealth, plumber cor
porations and wreck business enterprises
with holiness that is absolutely startling.
Under the pretense of developing the coun-
try, or of providing better opportunities
for the Investment of capital, they ruin
those who trust them.
OF course there are honest men in Wall
street, and the business there is, in the main,
conducted on sound business principles; but
all the operators there are not honest, nor
are all the transactions there such as honest
men would like TO have anything to do
with. 1t is gratifying to know that some
Of the rascaIs there are caught and pun
ished Notwithstanding their wealth Ii is
to be regretted that more of them are not
made to pay the penalty of their crimes.
The attention of the country is called to
the fact that the New York Tribune has
admitted that southern democrats have
foored northern republican in a sectional
debate. Speaking Of Congressman Kenne-
dy and his speech, 1t says: THE Ohioan's
speech was extremely bitter and personal,
and several times he trespassed the bounds
of parliamentary decorum. Moreover,
unfortunately for him, some of his asser-
tions were refuted by Chairman Crisp and
Mr.. Turner of the elections committee.
from the official records of the House."
We may now prepare for the millennium.
The Chicago AetcS has just found out
that only one murderer was hanged in
Chicago last year, although. according to
to its statement, "fifty deliberate murders
were committed" 1t wants to know If
hanging has played out in that city. The
question is pertinent If there were good
many more hangings, there would be a
good many less murders. Chicago editors
would do well to conflne themselves to
Chicago when they speak Of crime going
UNPUBLISHED
Two bills were introduced in TIE Pennsyl-
vania legislature recently, to fly United
States flag over every school house in the
state while the school was in session, Just
as one is kept over the capitol at Wash
ington while congress is in session. Both
bills were defeated. Senator Chandler
might work this into a first rate thing,
showing that Pennsylvania is deficient in
loyalty to the fag-that, in fact she has
reasonable tendencies.
IL is currently reported in Lexington
KY, that Mr.. Blaine and other northern
gentlemen are negotiating for the purchase
OF the natural bridge in that state. This
property was formerly owned ly Thomas
Jefferson, who acquired it from an English
man for very small sum, and it is now
owned by Col II. c. Parsons, close per-
sonal and political friend Of Mr.. Blaine.
IL is thought also that the Maine man con-
templates making other investments in