davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal., 1889-12-02
VICTIMS OF THE SPECULATIVE MANIA,

The squeeze" in the speculative corn
market Friday, which eliminated
OF Saturday in fall to the normal price,
has undoubtedly brought into financial
embarrassment a great many men of
small means who persist in trying their
luck. These men are not satisfied with
legitimate business. The slow gains of
a regular business or of regular employ
ment do not satisfy them. They are
eager to attain wealth with single
stroke. Others have done this by trad
ing in futures, or specializing in margins
why may not they be equally as fort
unate2 To admit that they cannot is to
confess that the successful ones are
brighter and sharper men than they can
become. So, by hundreds and thou
sands, they purchase or sell margins on
grain and stocks. In one or two Gimid
ventures they may make something,
whereat they become confident and reck-
less. They pat up all the money they
can get on their own or the judgments
of their friends, and in nine cases out of
ten they lose all they have and all
they can borrow. Some of them
lose the money of employers intrusted
to their care. Scarcely a day passes
that we do not read of the suspension
and failure of business men which sur
prises and shocks the community in
which they live. They were doing O
prosperous business and had credit in
the banks upon their financial rating.
If those who are mystified could look
into the books of brokers in the large
cities every doubt would be solved, be-
cause they would find that the un-
fortunate men have been engaged in
outside speculations, in wheat and corn
deals on margins, and in speculative
stocks. They were matching inexperi-
ence and ignorance against the skill and
combinations of wealthy and practiced
manipulators. Every day the defalca-
ton or embezziement of men intrusted
with others money is reported. The
papers say that the discovered criminal
was man of exemplary habits and of
inexpensive living, and hence no clew
can be found to the use to which he had
put the money. Investigation would
show that it had been lost in margins
Little by little thousand dollars were
taken to make another venture to re-
gain and restore the five hundred al
ready lost. The giants of the exchange
have both sums in their bank accounts,
and may have become millionaires by
"doing upr successive focks of inexpe-
rienced men who are bound to try to get
rich in day. Thus the rich of the
wheat pits" get richer and the poor
become poorer.
These disasters are largely due to the
feverish haste of men of to-day to get
rich Money stands for power, influence,
and, more than all, for show and display.
Young men are in hurry to live in
grand style. Money is the open sesame
to all that vulgar ambition desires,
and they risk all to get L; ard in more
than nine cases in ten fail and sacrifice
honor, reputation and an honorable
career. and reap dishonor, disgrace and
ruin. And yet, with the warnings of
disaster after disaster to hundreds in
grain and stock gambling, the fleeing
goes on. Innocent lambs do not heed
the pitiabe bleatings of those who have
been shorn.
More than any one thing, crusade is
needed against this mania for specula-
The Indianapolis journal., 1889-12-02
A CHARACTERISTIC TRICK.

THE idea that the protection of Ameri-
can industry prevents foreign trade" says
the Indianapolis Journal lis all bosh. The
fact is, protection stimulates demand and
increases the consumption of foreign as
well as domestic products" That Is to
say, protection increases the consumption
of foreign products in this country at the
same time that it keeps them out of this
country.-Charleston News and Courier.
This is a characteristic specimen of the
dishonesty Of free-trade papers. The
quotations from the Journal are the first
sentence and part of the last sentence of
an article of which the intervening SEN
tences were carefully ignored. Official
statistics show that the foreign trade of
the United States, imports and exports,
never increased more rapidly and stead
lily than it has done under protection. If
the Charleston News and Courier wants
something to comment on, let it take the
following from the same articles:
From 1851 to 1861, under Democratic
tariff for revenue only, our exports in
creased from S17S, ,620, 13S to S204. s99. .6l6 and
our imports from 500, ,4T6. 30S to $274 $50 325.
During the next ten years of protection,
sSi So t. ssSSE's and osr iapopfs G9n
from S214. .656,S25 to $500, .l22. The in
crease of foreign trade was much greater
under ten years of protection than it was
under ten years of tariff for revenue only.
The News and Courier cannot deny
these figures, and if it attempts to deny
what they prove it should at least print
the figures.
Democratic papers purposely and dis
honestly misrepresent the object of pro-
lection in assuming that it is intended
to prevent the importation of foreign
products. Its object is to protect and
encourage American industry. The OBJ
ject of a protective tariff is to give
American manufacturers, producers
and workmen the control of the Amer
lean market as against those of foreign
countries. Primarily it encourages the
production and consumption of home
manufactures, but incidentally, by in
creasing the prosperity and purchasing
power of all classes, it tends to increase
the consumption of foreign products, as
we'll as domestic.
The consumption of iron is a good
criterion of general prosperity. In 1867
we produced ,305,023 tons of pig-iron,
and in 1883 we produced 6,417,14S tons.
AT the same time our imports increased
from 112, ,133 tons i'm 1867 to 325,517 tons
in 1888. While protection developed
the home industry, it did not put stop
to importation. In 1865 we produced
155, 200, 900 pounds of wool and imported
q, ,2S7, 1888 pounds; in 1888, after twenty
three years of protection, we produced
$1,000, 900 pounds and imported 1866
753 pounds. Protection developed the
home industry and did not prevent
large increase in the importation of for
eign wool. Many other facts could be
cited to the same point. They prove
that protection, while developing home
industries and domestic trade to an ex-
traordinary degree, has not prevented
the healthy growth of our foreign trade.
The Indianapolis journal., 1889-12-02

WE shall have to cease talking of
American fre-proof buildings. Recent
fires have demonstrated that there is no
such thing. During the last few years
great progress has been made by archi-
tects and builders in reducing the COM
bustibility of buildings, but the best of
them will burn, and it is misnOmer to
call any fire-proof. Some of the So
called fire-proof buildings may resist an
ordinary fire, but none of them can with
stand great one. The best that archi-
sects and builders can do is to reduce
the chances of burning to a minimum
and provide simple means of escape in
case of fire.
The Indianapolis journal., 1889-12-02

NATURAL-GAs supplies are decreasing rap
idly III Indiana. In Pittsburg and other
Pennsylvania cities the manufacturers
who have been operating with natural gas
are being compelled to return to coal by
the failure of gas. and the indications are
that the gas supplies at all points are hm-
ited.-IOwa State Register.
There is vast mass of this sort of
misinfOrmation going the round of the
press just now, and not little of the
responsibility for it rests upon Indian
apolis correspondents who have sent
out wild stories to fill space. The fact
that the trunk lines now in use do not
give sufficient supply is due to in
creased consumption, not to reduced
pressure at the wells.
The Indianapolis journal., 1889-12-02

THE Republican caucus nominations
for officers of the House could not possi-
bly, have been better. Al! the candi-
dates were deserving, but there could
not have been a better outcome to the
contest than the nominations made.
Mr.. Reed is one of the ablest men in pub
lie life, and will make model Speaker.
Mr.. Mcpherson is an ideal clerk, walk
ing cyclopedia of political information,
and an exceedingly useful man to have
around. The other nominations are
equally good in their way. The Repub-
licans are making a good start.
The Indianapolis journal., 1889-12-02

THE Minneapolis Tribune building
was death-trap. Ten stories high with
only one stairway, and that one wind
ing around the elevator way, which
always invites a fire, and only one fire.
escape, it could hardly have been better
constructed for death-trap in case of
Gre. Somebody's selfishness and greed,
coupled with criminal indifference to
Auman life, are responsible for the
faulty construction of the building and
the awful horrors of the late fire. Fif-
teen lives is a trightful price TO pay for
the indulgence of the greed of any man
or any company in erecting a building
solely to make the most money out of
the space and in utter disregard of the
means of escape in case of fire.
The Indianapolis journal., 1889-12-02

If the Washington correspondent of
the COurier-JOurnal voices the animus
of the Democrats of the House, their
policy will be that of INSTRUMENTATION,
bordering on revolution. He says that
they will insist that the rules of the last
House will be in force in this until
others are adopted. Mr.. Reed has de-
clared several times that this House,
being entirely independent of its pre-
decessor, and that House being dead,
its rules died with it. There is sense in
Mr. Reeds position.
The Indianapolis journal., 1889-12-02
he never signed such petition. NJ
Dolan adds. further.

know that this country can produce all
the raw wool required for the manufacture
of cloth. want to see. and will continue
In advocate in the future. AS have in the
past. everything produced IN this country
protected TO the utmost What we don't
produce, or what we can't produce if il be
needed. let it come in free of duty. But /
will ever protest against the competition of
foreign speculat0rs. aided as they are by
pauper labor.
This denial and accompanying com-
ments will not appear in the New York
Post and Times and the Springfield Re-
Dublican
The Indianapolis journal., 1889-12-02

THAT part of the third party calling
itself the Prohibition League is reported
to have rendered the w. C. T. U. any
assistance it may be able to render in
'their special field of moral work."
This is evidently an inadvertent word
ing by the author of the resolution, or
the error is due to the sometimes care
less compositor. The w. c. L. U. is ex-
clusively engaged in political, not moral
work
The Indianapolis journal., 1889-12-02

THE Anglo Wall-street organs in New
York city are abusing the Postmaster
general because he has urged the sub
sidizing of American ships to carry our
foreign mails, and it does not appease
their wrath to be told that that policy is
English. They do not contemplate the
American flag at the masthead of a
steamship with complacency.
The Indianapolis journal., 1889-12-02

CONGRESS should heed the suggestions
of the Postmaster-ge relative to
the use of the mails by lottery COM
panies. Thousands of people waste
their hard-earned money in lottery
tickets to draw blanks. The chances of
success in this kind of gambling are
nearly as rare as in buying grain futures
ON margins.
The Indianapolis journal., 1889-12-02

THE Washington correspondent of the
Louisville Courier-Journal contrasts Mr..
Reed very unfavorably with ex-Speaker
Carlisle, intimating that he is not the in
tell|ctual man that the latter is. Reeds
intellectually is not of the kind that
periodical confinement to his rooms and
absence from the Speakers chair will be
necessary nearly one-third of the time.
The Indianapolis journal., 1889-12-02

The muGwump press has been cack-
ling over statement that Thomas DolaE,
the great Philadelphia woolen manu-
facturer, had signed petition to Con-
gress asking for the absolute repeal of
all duties on raw wool. In an interview,
not printed in a mugwump paper, MIR.
Dolan declares the story false, and says
The Indianapolis journal., 1889-12-02

SINCE Abraham Lincoln became Presi-
dent the Republicans have had control
of the national House eight times. In
diana furnished the Speaker for three of
them in the person of Mr.. COlfax, and
Maine three with Mr.. Blaine in the Chair,
and now another Maine Representative
secures the honor.
The Indianapolis journal., 1889-12-02

THE third-party Prohibitionists of
this State seem to have considerable
trouble over the scarcity of funds in
their treasury. The Democracy is not
paying any of their expenses this year.
The Indianapolis journal., 1889-12-02

THIS week Brother Powderly will at
tempt to organize his Labor Farmers
Alliance combination in st. Louis.
There is general impression that that
excellent gentleman has billed a larger
performance than he can put on the
hDorHc
The Indianapolis journal., 1889-12-02

THE public, as spectator of the interest
ing fight between the Sugar Trust and the
sugar king, Claus Spreckels. enjoys the
advantageous position of the man up tree
at the bear fight. So long as the row gives
us cheap sugar we can cheer both combat
ants with the most cheerful impartiality.
The Indianapolis journal., 1889-12-02

AT Spokane Falls. a week ago. single
Methodist congregation in the course of an
hour raised $4,000 to endow Spokane Col
lege. For people who recently suffered
fire losses reaching up into the millions
this is doing fairly well.
The Indianapolis journal., 1889-12-02

The filibustering crowd do not relish
the selection of Reed for Speaker. 1t is
sad; but there are times when Demo
cratic minority cannot be gratified.
The Indianapolis journal., 1889-12-02
The INDIANAPOLIS JOURNAL

Can be found at the following places:
LONDoN-American Exchange in Europe. 449
Strand
PARIs-American Exchange in Paris 35 Blevardou
des Capuclnes.
NEW YORK-Giisey House and Windsor Hotel
PHILADELPHIA-A- p Kemble. 1896 Lancaster
avenue.
CHICAGO-Palmer House.
CINCINNATI-J. p. Hawley q Co., 154 Vine street.
LOUIsvILLE-C. T. Deering. northwest corner
Third and Jefferson streets
ST LoUIs-Union News Company Union Depot
anc Southern Hotel
WASHINGTON, d. C.-Riggs House and Ebbitt
House.
The Indianapolis journal., 1889-12-02

SrEAKING of the address by the Ohio
Wool growers Association, in which it
is said that the last presidential election
was won by large majority of the peo-
pie, the mugwump New York Epoch re-
marks: Nov, this is news. We have
The Indianapolis journal., 1889-12-02

THE famous Olympic games of Greco
never brought together such II multitude
of spectators as did the Thanksgiving game
of football between the Yale and Prince
ton teams. Honest athletic sport that is
not manipulated by gamblers and hippo
dromers can never complain for lack of
generous appreciation in this country.
The Indianapolis journal., 1889-12-02

Hon. THOMAS Is. REED is a man of i'm
posing presence and will make a command
ing figure in the Speakers chair. Referring
to personal resemblances, the Cincinnati
Commercial Gazette says:
Reeds resemblance to Shakespeare is really as
remarkable as that of Mckinley to Napoleon.
Reeds face is the Stratford bust, with glowing
cheek and eye, and if Mckinley did not dsdain
to make up for Napoleon. and would allow the
brown lock of hair to float over his forehead,
he would serve as living statue Of the con-
uuering COrSicau.
The Indianapolis journal., 1889-12-02

OFFICIAL figures. in the annual report of
the Commissioner Of Internal Revenue
give an appalling picture of the extent of
the smoking habit, and especially of the
cigarette vice. There were. manufactured
in the year ending June 80, 1885, nearly
$4,000. 900 more cigarettes than during the
preceding year. The whole number of
cigarettes made was 2.151 ,5l5.360. while the
number of cigars was 1861. 1885,. $40. And
to think that all this human energy ends
in smoke!
The Indianapolis journal., 1889-12-02
Our Associated Charities.

There is no local organization with which
the citizens of Indianapolis have better
reason to be satisfied than the society
known as the Associated Charities. 1t is
within the knowledge of every one who
has given the matter even casual attention
that since the consolidation of the various
benevolent societies of the city public
mendicancy has almost entirely ceased and
that the occasional calls for private relief
are from such obviously unworthy charac-
ters that no surprise is occasioned when
they complain that no help can be obtained
society is conducted in such systematic
manner that applicants for assistance are
readily classed by strict and impartial
investigation as deserving or undescrving,
and their requests treated accordingly.
Tramps and professional beggars have been
practically driven from the streets since
the establishment of this system of Judi
cious inquiry and outlay. There is no dam
ger, as some complain, that really suffering
or needy persons will 60 unhelped by this
method. No tramp need 60 hungry If he
will do stipulated but moderate amount
of work for his breakfasts and dinners and
he MAY obtain sleeping place by the same
process. That these gentry do not approve
of the system is evident by their avoidance
of the town. Professional mendicants who
find themselves referred to the association
where the truth of their pathetic tales is in
quired into before help is given. are scarce
for the same reason. The sick. the hungry
and helpless, on the other hand. are cared
for when their wants are made known. The
~ls1s
declare that greater amount of
money is spent in investigation
and red-tape processes than in actual char
ity are unreasonable, and show their lack
of knowledge of the work actually accom-
plished. The system which weeds out the
unworthy and fraudulent claimants for aid
certainly requires some outlay for its
proper continuance. but is it not better that
money should be SO spent than that indis-
crimlnate giving be the rule, and that the
deserving should stand an excellent chance
of being neglected. The canvass for funds
for the use of the association will begin to-
day, and the citizen who contributes lib
orally performs duty to the poor and does
q service to the public. Let no one with
hold his contribution on the ground that
he prefers to administer his charity in per-
son. The chances are that the private be-
nevolence of such one will be small.
but the subscription to the associa-
tion's fund need not prevent indi-
vidual giving. If after making his
offering to the society for distribution to
those who apply for public charity and to
the orphans, the Home of the Friendless
and other charitable institutions. he finds
other needy persons who will not ask for
help, there is no law to prevent personal as
sistance to these. and several arguments in
favor of such aid. Let the people meet the
solicitors for this good cause in spirit of
liberality. remembering that 1.-The greatest
of these is charity"
The Indianapolis journal., 1889-12-02
COMMENT AND OPINION.

HIGH license is mighty helper of NOR
ality and the tax-pay yer.-Washingt gton Press.
THERE is and will be no backward step
taken on this reform lcivil servicel. There
is considerable clamor against the law in
some quarters, but 1t Will not result in
modifying the law, nor will it cause the adj
ministration to waver in it's enforcement OF
it.-Cleveland Leader.
SoUTH CAROLINA can hardly expect to
make any genuine progress in moral and
political development SO long as she SUBJ
mits to being misrepresented in the Senate
by howling Bourbons like Hampton and
Butler. These gentlemen are merely incar-
nate protests against progress.-Philadel-
phia Press.
AS the people of Russia become more en-
lightened and more imbued with liberal
ideas the government grows more sus-
picious and cruel in its measures of repres.
sion. For Russian despotism there is no re.
form except In its complete overthrow. To
doubt that this reform Will come sooner or
later is to despair of humanity.-Philadei-
phia Record.
II women are to take part in municipal
contests for members of the school board
or for other elective officers. they must do
so when urged. by q calm sense of duty,
and not when spurred to the polls by the
clalnOrs and appeals of excited partisans.
If it is only under such exceptional circum-
stances that full female vote can be de-
pended upon, then we should say that It
was highly questionable whether any ex-
tension of female suffrage was desirable.
Boston Herald.
IT would be better if all the women.
whether in or ont of the Women's Chris
tan Temperance Union, would refrain from
interfering in political matters until the
right OF suffrage were conferred upon them,
or until they had a better knowledge ot
politics than the majority seem to possess.
at a time when thoughtful men in the Pro-
hibition party are abandoning it because
of the aid and comfort it has given To the
Democratic party, it is more.than strange
that the Women's Christian Temperance
Union has deliberately renewed its alliance
with the third party.-FIank Leslies
WeekIv
The Indianapolis journal., 1889-12-02

Al communications intended for publication IN
Hts paper psttsf, ia order receire attention, be
accompanied by The name and dddTcssof the rTter.
, 1889-03-02
aTHE A VrsO
Is published EUery

Is published EUery
"wednesday &c Saturday.
Terms of Subscription,
q dollars per annnxn, payable halfyear1y
single Cops. 70 nou.subscrtbe,s, g cents.
Parties aesivus Of Withdrawing their subSript on to
che Hvis are required to give 5 months notice.
Texxaa@ OF Advert1s1ng
approved by Government 26th June
For an, advertisement of q lines or under, /. 70 q inser.
Small Type (Brevier) i to g lines 49,. SS1.OO
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Large TYNE. Long Primer, Small Plea
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Over 8 lines, pr. line ..-....-- 49,. &c
For aIne Of the largest type .-....-.-.- 80. rs
FOR one TO three subsequent insertions the half amount of
these charges will be mado<
H%@, ALI advertisements for insertion must be delivered at
bis Once on Tuesdays & Fridays not later than
0AAG O'CLOCK p. IN. The postage on letters to
or NO notice will be taken of them.
" Special Contracts will be made with parties who may
be wishful to advertise yearly, ~halfyearlI or quarterly.
To Contributorst-We cannot pay any attention
20 anonymous communications every article must be
accompanied by the writer s name, not necessarily for publicl-
ton, but as an evidence of authenticity, and for our own
aecurity: and it must be distinctly understood that when a
communication is inserted, the editor does not therefore
necessarily agree with the opinions expressed by the writer.
We cannot undertake to return nor preserve rejected manu-
scripts. Manuscript matter must be written only on one
side Of the paper.
ian DpINdINC executed at this Office with neatness
, 1889-03-02
Bekjendtgjorel

lSNDER Henvisning til Bekjendt-
Ugj6relse af ste DIS. bringes Diet her
we'd til Off ntlig Kundskab, at fra 1ste
neste Manned at regne vile Jorde-
m0drene OLSEN og NtUMANN
after overtage deres respective Dis
tricter.
G0uvernements Secretariatet, st. CrOix,
den 25de Fcbruar 1889.
LIMPR[CHT.
, 1889-03-02
Transla ti0n.
Publication.

MYTH reference to publication of
W 9th instant it is hereby brought
to public notice that from tie 1st
proximo the midwives Mrs. OLSEN
and Mrs. NEUMANN will take over
their respective districts.
Government Secretary'S Office, 81. Croix,
the 25ch February 1889.
LIMPRICHT.