davidaulloa/AmericanStories huggingface dataset:
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09

49,
pierw W ezykui n~iemieckim, i to
zwrdcone by}o do Niemc6w, kto-
ryca sic take wielu ma mszy sw.
znajdowaio. Przywodzi} OH i'm
pobieznie nlekt6re wazniejsze wy
padki z historyi polskiej, wspom-
nia} o kr6lach Zygmuntach, przy-
pomnia} i'm Sobieskiego i obrone
Wiednia, a tenn samem i cafegc
chrzescianstwa, W koncu wsp,
Mai o ~ostatnich walkach, nod;a
tych przeclw spiknietym !, po,-
ske trzem wrogom, r zezi " pra.
DE dowodzi} nares zeie. = pol,cv
nigdy ME wyci' .gali reki pc cudze,
a oona'ersSs, WALK, kt6re toczyli
pode1mow ali z koniecznosci Ii tyl.
40 W ooronie zagrozonej wolnosci,
h'epodleg}osci j religii sw. Why
rs Richard, zwracajac sic haste
pnle do mas parafian, powiedzia}
nam STOW kilka mniej wlecej tel
same] tresci, zakonczajac swa mo-
VIC wzmianka bohaterskiej walk
Polakow W 1880 81 roku, kt6re-
60 to pamiatke obchodzillsmy, "a
co mu wlelokrotne dzieki sk}ada.
my,
Tow. nasze zachowuje i pa
nlGta o wszystkiem, co tylko wspo-
nina przeszfosc drogiej Ojczyzny
wszystkie narodowe pamiatki OBJ
chodzi, jak ma prawdziwych PoIa-
kow przystafo, z Bogiem i W sercu;
a ME powierzchownie, Ola Okla lub
parady, jak to tutejsze Tow. marc.
dove robi.
Irzeba bowiem wledziec, il
pred nAedawnym czasem powsta-
10 tn move Towarzystwo z inicya-
tywy oderwanych cd naszego Tow.
kllku cz1onk6w, ACKNOWLEDGMENT
L tego, re ME ma]ac poparcia u
ogdiu Polak6w, ME obrano ich pre-
zydentami, kasyeram1 i t. p. CT
vice, ably, jak sic wyrazali robic
ia psote Tow. koscielnemu, posta-
nowi]i ~za}ozye Tow. ola siebie, a
zamiar swdj ~wykonali W nastepu-
]acy sposdb: Jezdzili z wozem cd
jednych do drugich, podobnie my
slacych sobie, ME pomi]ajac przy-
tenn lutr6w Nismc6w i to 20 XII
kanascle razy, jakoby pc zebrani-
ME, az wreszcie z wielka bieda zdo-
4ali prey sadku piwa sklelc z %
cz{onk6w to sfabe Tow. pod lmie-
MEM ,,Krelestwo Polskie". Dzisiaj
jest n znacznie mniejsze:
To samo Tow. pe jakiem ia.
Klein zorganizowaniu sic, yak to W
swei korespondencyi do Zgody
wspominall, przystapi}o do Zwiaz-
ku N. P, co ]ednakze nre obesz}o
sic bez oszukahstwa og6fu zwiaz-
kowego, albowlem wciagneli do
Zwiazku starcow z pod prawa wy
c%hodzacych Ii tylSo ola, chciwosci
posmlertnego. Ma zgromadzeriach
zas wyrazali sic, re Zwiazek ME
ma mic z kslezmi do czynienia,
Dokobczenie nastapi).
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09

iachowski jest aktuaryuszem i
i tfumaczem PREY tutelszym So
die ziemianskitn.
, q Waela ma KassuJacb. -
Grunta nalez4ce do wsi Rybakl,
Borsk i Barfogi kupuje fiskus czy-
Ii Rad pruski. -Wielka tn obec-
ME drozyzna. Wieprz, wazacy 100
funtdw, ptaci do IS dolardw.
Pruski szefel zyta kosztuJe 2 dola-
ry.-J6zefa Derdowskiego tax O.
krutnie 'katowali Niemcy przy VOL
sku, re powr6cif do domu 2 po-
mieszanemi zmysfami ] musiano
60 oddac do domu obFakanych.-
Kosclelni, kt6rzy pobili Konstan-
tego Lubowleckiego, beda mieli
termln pred Izbaa karna sad'u zle-
mianskiego.
Ibrum -4Posag cesarza Willie
ina L. iuz stoi w swollen miej-
sou, we framndze ma wlezy mosttu
zelaznego pc lewym brzegu. Do
tego czasu jeszcze jest deskami
zasfoniony Odsionienie ma sic
odbyG publicznlle,,, ale dziehi jesszcze
ME wyznaczony. 3Podobno'6 ciagle
ieszcze maja nadzieiey ze ma euro
>czystosc ods}onienia przyjedzie
terazniejszy cesarz: s'S@'~
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
szego dusspasterza KS. Ko.a.
sze Wsklegos Z

szeWsKlegooN ID
Celem sgromadzen,as m'a}o
bye, jak ~cgioszenia zap"wie-
dziafy, utworzenle towarzy-
silva ,,narodowo-polit> cznego."
Jakkolw'ek kaady przyznac
must. he mysl podjeta uczci-
vie celem zorganizowania ma
rodu W silna korporacya, Mo-
SAGA korzysc moralua a W ra-
zie %potrzeby i materyalna,
Jest pod kaidym wzgledem
cl,walebua, to L drugiej stro-
ny jest wielkiem naduayclem,
je!ell ludzse, cheney osobista
z]nsc s~a ma tutejszy:n dusz-
p~asterzu wywrzec, uzywaja
tax wznioslych celow "a ma
rzedzie do swoich zamachow.
Wystepowanie MA publicz-
mem ~zgromadzenln mowami
skierowanemi przeclw ducho-
wienstwu, a tenn sau.em slanie
niezgojy miedzy para6anami
4 mlejscowym proboszczem,
jest niczem wlecei, ,jak nix
czemnym zamachem ma mai
swietsze uczucia ogotu polskle,
go W Ameryce.
Burzllwe mowy panow L. ;
T., z ktorych ostatni powodo-
wany osobista z}c5cia. W ty1n
TOME przema vial, ably zdy.
skredytowac dobrze ,mie tu-
telszego duszpasterza zapewne
ME dopro wadza do zam;erzo-
nego celu.
Dobre czyny zacnego dusz-
pasterza naszego KS. Kofa-
szewskiego, ktory dali tax Ii.
CINE dowodv ACKNOWLEDGMENT
piracy mad dobrem swyca pa
rattan, znane So nietylko nam
tn zamieszkafYm, lecz i cafej
PoloEii amerykanskiej.
Ia staranlem tego zacpego
kaplana zbudowanym tn. 20
stat sllczny kosciot W stylu
gotyckim, ktory jest prawdzi
wa ozdoba pclskiej dzielnlcy
miasta.
Prey tenn wzorowo prowa-
dzona szkola mieszczaca $50
dzieci wielka korzysc Pola-
kom przynosi.
W tym roku konczy KS.
Ko}asze wski budowe drugiego
polsklego kosciofa i drugiej
szkofy.
K'lka towarzystw kosclel-
nych, ktore udzielaja tel pa
rafanom pomocy W ra7ie cho-
roby lub smierci, egzystuje
"a staraniem K. K. i So
w2orowo zarzadzane. To tel
ma mic ME zdsdza sic wichrze-
MIA %iednostek, podjete, ]ak
juz wspomnialeu,, przez oso
bistych wrog6w KS. K.
Me ganimy panom inicya-
torom ich zalniaru zatozenla
towarzystwa ,,Narodowo Poll
tyczuego", ale 1wracamy i'm
uwage, ze tego co W ciagu
lat kilku nlozolua dziafalnosG
Zacnego Duszpasterza naszego
zbudowa}a ola dobra wierne-
60 ludu polsHiego, ME zdo-
faja zachwiac ich napady, a
Polacy tute,s dada dowod,
Re ME pod wodza wichrzycieli,
lecz pod wodza swojego FAC,
nego Duszpasterza pozostana
nadal dobrymi SWAMI Kosclo-
Ia i Ojczyzny.
tTJa VIZ
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
4 I, CLEV ELAND.
6 s~tycznt;e 1890

bastycznta 1891.
W saii Oh. : Rozwarskiego
ma Tod ulicy odbyfo sic W
~niedziele, 29go Grudn;a q. r.,
po poiudniu zgromadzenie,
zwo1ane, o lie z toku NOW
pozuac by1o MONA, przez kill
ku osobistych wrogow tutej.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
PhACCIE IA WJARUSA
Nowiny Europy.
GES A Dr.

MI od kary redaktora korserwatyw-
nej toots,Juerger-Zeitung kt6ry "a
obraze socyalisty, dcputowanego do
parIamentn Singera, skaz9ny by5
ma zapfacenie 400 NIX. To jest wo-
d2 ma m}yn socyalist6w prey obec-
nych wyborach. Ale takze W In
nych kofach, nawet miedzy naro-
dowo - liberalnyml panuie skut-
klein tego u}askawienia niezado.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
-. P0LACY | NIEMCY.
I Pierce City S stycznia, 1890
Kochany Majsterkul

~ Fierce City 5 %stycznia, 1890.
Kochany Majsterkul
RACE umiesciG W }amach Wa
ruso te korespondencya:
Jest mas tn W kolonii Pierce
okofo sto rodzin osadnikow ma far.
mach. Wyjawszy kilka rodz,n mic
dzy MANI zamleszka}ych, So tn
prawie wszyscy poczciw, i zamoz-
nj farmerzy, DO ziemia tn Jest bar.
do urodzajna, vice kazdy m6g}
W krotkim czasie sig doroble. XII.
mat jest sta}y i bardzo zdrowy. 4.
Bylibysmy zupefnosoi szcze.
sllwl i niczego wlecej ME pragneli,
gdybysmy mieli pomoc duchowna,
lecz tel nam niestety, mimo usil-
nycn starah, ME dostaje.
Przeo siedmiu laty Polaoy W
porozumieniu z Niemcami posta.
nowlli wybudowac kosci6I pod wa
runklem' re ksiedza dostana ia
klego, kt6ry bedzie w4ada} take i
polskim jezykiem. Polacy, jak to
zwykle bywa, SO madrzy pc szko.
die. Me przeczuwajac mic diego.
ME zrobili z Niemcami zadnei
prawnej umowy, ami kontraktu. ze
kosclof ma bye polskl i niemiecki.
dawali i AMI i'm przez mysl ME
przeszfo, re moga bye oszukani.
Az tn naraz przyby4 ksiadz
nle!akl Water Tomas, Nlemiec ME
umle]2cy ami ssowa pc polsku. Ma
tenczas Niemcy oswiadczyll, ze tvl-
ko many i'm pomaga6 do budo-
wy k%osciofa, to Water Thomas be.
DIE sic uczy} pc polsku, a nv
sfupcy uwierzyli i przystali ma to.
a p%leniadze, kto jeno m6gf, to da-
wal, tax, re wkr6tce stanaf novvv
kescio}.
Water Thomas zaczaf sig uczy6
pc polsku. lecz mlna ieden rok
drug, ba navel i sz6sty, a tn cis-
gle deutsch i deutsch. q ca1ei mo-
wy polskiej to Water Thomas man,.
czyf SIC: nZap}atta "a }afki,"
Wressc'e Niemcy uwazajac Pola-
xow juz "a niepotrzebnych, wyda-
ILL kilku naszych z Komitetu kos.
clelnego, jakby juz ME chciel1 mice
z Polakami mic do czynienia, a lax
sami sig ~ygadali, 70 sic luz teraz
bez Polakdw obejd2.
ot'z to So skutki zbytniego
zaufanla i 1atwowlernosci Polak6w,
UdaliSmy sic przeto do Pre-
wlelebnego KS. Biskupa W Kansas
City, pcosz2c 0 ksiedza polskiego.
ale bez skutku. Podalismy proSbe
do Ojca'swietego, jednakze dotvch-
czas ME" many iadnej wiadomosci
otrzymalismy tylko list cd KS. Ri.
skupa 2 Kansas City, z oswiadcze-
MEM, &c on radby nam przys4a4
ksiedza polsklego, lecz zadnego W
sweJ dyecezyl obecnie ME ma ta.
kiego, ktoryby byt bez parafii.
Nadmieni} przytem, re, gdybysmv
wledzleli o ksiedzu polsklm, kt6-
ryby sobie zyczy4 objat zarzqd a.
szej parafi, to many mu o tenn
oznajmic, a Oh go u mas obsadzi.
Upraszam wiec Kochanepo
Majsterka, by raczyt um1escio to W
swoiem pismie, a moze nasze wo-
fanie dojedzie do uszu polskich ka.
pfan5w i znajdzie sic TAXI, coby
chcia} bye naszym p%asterzem. Fun
dusse many; mozemy i ie-
stesmy W stanie wytudowac sobie
kosc16f polskl.
Il uszanowaniem
Wadysfow Kenski;,
f.t D,-az ~.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
WSZYSCY wlezniowie domu

WSZYSCY wlezniowie domu
karnego W New Laredo, Next
co, W liczbie dwunastu, z ktorych
szesciu by1o skazanych ma pozba-
wienie wolnosci przez d}uzszy czas,
a reszta pozostawafa W sledztwie,
wy3amawszy sic Z wiezienia, :uszli
przez Rio Grande- W amerykahskie
CORY.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09

READING, Pa w wodo-
cl9gach tutejszego miata zna1ezio-
no zw4oki wofu, kt6ry padf ma ja-
kas zarazl'wa chorobe. Epldemicz-
ma Zebra nerwowa panujaca mieazy
ludnoscia doprowadzisa do tego Cd
krycia.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
WIESCl
z Polskiei OJczyzny
III.
Prusy POlskje'
~{Dokonczenie.)

Mojniite. - Pan Konrad Ba.
iachowski jest aktuaryuszem
i tfumaczem PREY tutelszym SO.
die ziemianskim.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09
Brazylia.

Kapitan Rother cd parowca
s'rins, kt6ry 7 grudnia odpiynafz
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09

BIEDNA DAKOTA. Skoro
oba Mode stany Pofnocnej + Po{u,
dnioweJ Dakot7 uchwali4y prawo
prohibicyi og:aniczaiace sprzedaz,
trunkow, ably, jak to fanatycy gfo-
szaa, nar6d cd niechybnej nuiny
u%chronic, okazuje sic, re W Pofu-
dniowej Dakoo'e, ola bsaku picnic
dry W kasaeh ~publiczrych znacz-
ma liczba zaktad6w pahstwcwych,
miedzy innemi takze pewna llczba
szk6i, musi bye z%amknieta. w
Po}nocnej Dakocie, gdaie kolejowe
korporacye, kt6re s9.OOo.OoO
rzadowi SO dluzne, postara}y sic
zbiorowo }awy sedzio wskie swolmi
poobsadzac,- ably gdy do procesu
przyjs6 by mia}o, mogli pahstwo O.
szukac, oswiadcza gubernator legi-
slatury, u stan ter. po pierwsaym
obrachunka rocznym przedstawia
deficyt W sumie 155.37O.SO.
Fatalne ~pofozenie.
Wiarus. (Winona, Minn.) 1886-1893, 1890-01-09

W DULUTH wydano W ubie-
GYM 1889 roku ma rome move
budowle j rozmaite reparacye
1921. 800.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-24
THE INDIAN WAR.

NEW YORK Star: Our Indian wards had
better enjoy their ghost dances while they may
If they are making ready for war they will
find in the end that several thousands of their
ghosts will have the chance to dance over the
river in the happy hunting grounds
NEW YoRK Tribune: If an Indian war is
belied. The Indian is great procrastinator,
and he will take his own time for an offensive
movement, especially as he knows that the
Government is not likely to strike the first
blow
PHILADELPHIA Press: The news from the
Indian agencies in Dakota and the Northwest
continues Of a threatening character, although
the present prospects of an actual outbreak
lessen the longer hostilities are delayed and the
more time Government has to concentrate
troops in that neighborhood.
NEW YORK Journal: The fact is that the
Indian is and has been almost always badly
treated. though it is not directly the fault of
Government officers, either in civil or military
life. The soldier is his best friend. The
Indian respects him alone. All other men are,
as he calls them. squaws. because they are not
military.
NEW YORK Herald: The half-starved, half
clothed Sioux out West have threatened an
uprising. The appropriation for their support
went through Congress, but has somehow got
stuck on the way. The agents who handle it
have either diverted it or are holding it back,
and the red man has the audacity to complain.
Shoot him, of course. He is nothing but an
Indian, anyway has no vote and therefore no
friends.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-24
PERSONAL PENCILINGs.

BUFFALO BILL will spend the winter on his
ranch at North Platte, Neb.
MISS MARY GARRETT, of Baltimore, has a
bath in her home lined with Mexican onyx that
cost Sc 900.
CHARLES DUDLEY WARNER. of Hartford,
will sail for Europe in a few weeks, and will
remain abroad year.
MEssRs. WALTER BEsANT, William Black
and Thomas Hardy have written a joint letter
to the A1teneunl protesting against the attack
by that paper on Messrs. Harper, apropos of
Mr.. Rudyard Kipling.
COUNT Won MoLTKE is an enthusiastic mu-
sician, and in former years played the violon-
cello remarkably well. He delights in quiet
musical evenings at home, where DR.. Joachim
is a frequent guest. among other famous art
lists.
GOVERNOR HOARD. of Wisconsin, as soon as
ne is released from the cares of office this win
ter, will fill many engagements to speak on
dairy topics, not only in the Badger State. but
also in Ohio, New York, Massachusetts and
Canada.
THE Boston Post recalls the fact that one
member of the eminent Barring family was Al
exander, the first Lord Ashburton, who nego-
tiated with Mr.. " ebster the famous treaty
which bears his name, and which settled ami
cably with England the threatening question
of the northwestern boundary of the United
States.
MR.. ]. P. CADIGAN, of the Park Avenue
Hotel, yesterday received q letter addressed
with his name and the words: stewards great
big iron hotel, New York City," 1t was from
Jack Crawford, the Indian scout and poet. He
is not so much at home in New York as on the
plains, and he could not remember on what
street the big iron hotel stood.
Mr.. JAMES RUSSELL LOWELL has Cancelled
his engagement to deliver a course OF six lec-
lures on the "Old English Dramatists" under
the direction of the University of Pennsylvania.
While his health is greatly improved and he is
able to exercise the pleasures of hospitality to
his friends at Elmwood, as well as to take
walks out of doors. the strain and exposure of
delivering a course of lectures in midwinter
away from home is considered too great for him
to undergo.
Mr.. KIRK MUNRO the author, years ago
found what he calls a celestial abode on the tip
end of Florida next door to Cuba, on the left
hand side as you leave the Gulf Now some
mercenary and capitalistic blunderers think
they have discovered" the place and talk of
building a railroad down to it. Mr.. Munro
asked nothing more Of literature than for it to
give him the means to live down there almost
alone every year. but it seems he is not to have
even that small boon.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-24
Jay GOULD IN WALL STREET.

PHILADELPHIA Cali: Mr.. Gould buys only
what he can pay for, and he has no reason to
complain of his ability to pay.
NEW YORK Star: The important changes
already assured in the case of Pacific Mail and
of Union Pacific are. it is thought, about to be
followed by other of similar significance.
CHICAGO Mail: The biggest gobbler in the
country will not be sacrificed on the altar of
Thanksgiving Day. He will contlnue!at his old
stand in Wall streer, picking up railroads as a
turkey swallows shelled corn
PHILADELPHIA Record: Now that Jay
Gould has obtained controlling interest in the
Pacific Mail Steamship Company, the move
menr upon Congress for steamship subsidy will
be resumed with greater activity than ever.
DETROIT Journal: If Jay Gould and the
Standard Oil Company have really joined hands
to take possession of the railroads of this coun-
try. there will be no room left init for anybody
else, except perhaps the hostile Indians on the
reservations.
WALL STREET Daily Investor: The Union
Pacific and the Missouri Pacific systems have
thus been harmonized by the vigorous use Of
Mr. Gould's tomahawk and scalping knife.
President Adams has, of course. been slaught-
cred. Great is the power of money in a bear
campaign.
in the control of the Union Pacific Railway
svstem is said to be the result of an ''amicable
arreement" between Charles Francis Adams,
Frederick L. Ames and Jay Gould. It is no
longer denied that Mr.. Adams is to retire from
the presidency and that the Gould interest is
20 take control.
PHILADELPHIA Inquirer: The embattled
farmers will have to take their stand against
Jaw Gould pretty soon if he keeps on gobbling
mn railroads and advancing transportation
rates. BY the way, suppose the Farmers AL
lance captures the Government and undertakes
to put its theories in practice, what will it do
with Jay Gould?
BROOKLYN Edgle: Mr.. Gould's return to
Wall street. after an absence of five years, has
had the effect of stirring things up there gen.
orally. With the recovery of his health it is
the impression that he has recovered his ambi-
ton and now seeks to carry out some OF those
grand designs which the failure of his physical
powers compelled him to abandon.
NEW YORK Commercial Advertiser: The
most impressive financial sensation of the time
is the sudden appearance of Mr.. Jay Gould in
control of almost every important railroad cor
poration whose possession has been temporar-
ily at stake in the recent decline Of values
The last week has developed the fact that, di-
rectly or indirectly, Mr.. Gould has practically
come into possession of four Of the most exsen.
sive railway properties whose stocks have been
for sale in Wall street.-The Union Pacific and
Northern Pacific Railroads in the West, the
Richmond Terminal railway system in the East
and the Pacific Mail Steamship Company.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-24
INITIATION FOR FINANCIERs.

The appearance, in the financial columns
of the New York papers, of project to
have the National Treasury issue $500, ,000,-
900 OF 2 per cent bonds "as an adjuster of
the currency and to induce the national
banks to retain their circulation" is singu-
lar expression of the Wall street idea that
the function of the Treasury is to support
the banks and the financial cliques at the
cost of the rest of the country. That the
national bank circulation should be re-
tanned by adopting some other form Of exist
ing security for it has often been argued in
these columns; but to have the Treasury
which has a surplus that can be used in no
other way SO we'll as in paying off the debt,
increase its issue of bonds by two hundred
million dollars and increase the public bur
dens by four million dollars annually, would
be a most remarkable procedure. This
striking opinion as it exists in the financial
center is put in a heightened light by the
concurrent declaration that to initiate the
currency for the benefit OF the farmers would
be all wrong; while to do it for the
benefit OF the financiers is all right The
financial class seems bent on removing what
respect for its opinions on public policy
survives the experience OF Its speculative
operations.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-24
THE FINANCIAL SITUATION.
A Decided Improvements Visible, but Re-
turn of Confidence Slow.

turn OF Confidence Slow.
ESPECIAL TELEGRAM TO THE DIsPATcH.l
NEW YORK, November 23.-Henry Clews'
circular says: The general financial situation
is improving; but, with the marked conser-
vatism that prevails in every direction. the re-
covery of confidence must be expected to be
gradual and slow! <It is an encouraging symp-
tom that. considering the past severity of the
crisis. SO few failures have occurred on the
Stock Exchange 1t is still more SO that the
to the standing of its members. has disclosed
such a generally sound condition of the
banks, and that the numerous other financial
institutions have exhibited no signs of weak
ness. This is the most satisfactory evidence
that the speculative arrangements from which
we are suffering have not appreciably involved
our credit establishments which will prove to
be an element of very great value in the COM
ing process of recovery. Another favorable
factor is that the course of affairs in Wall
street has not involved any suffering to interior
interests beyond partial check to the free
movement of commercial credit.
Indeed, the crisis is strictly confined to the
speculative and investment interests; in which
respect the situation very favorably differs
from that of most former upheavals. Nor is
there any reason to apprehend that the indi-
rect bearings of the Wall street arrangements
will, for any lengthy period affect commercial
interests unfavorably. For the remainder of
the year. merchants may be Inconvenienced
from the stringency of discounts; but it is
reasonable to expect that, with the opening OF
the new year, the natural reaction from the
present severe strain will bring money to this
the amount to be borrowed on that important
class of coilaterals.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-24

return within the limits Of legitimate bank
ing. 1t is stated by the New York Press
that 'during the stock furry the banks
have generally withheld accommodations
from merchants in order to reserve their
loanable funds for Wall-street borrowers,
and this action is a return to loans on COM
mercial paper.
In other words, according to this state
ment, the banks have turned the cold shouI-
der upon the borrowers who furnish the most
legitimate and stable OF negotiable Sc
curities, namely, notes created by ac-
tusl transactions in merchandise, in
order to use their funds for the sup
port of the speculative bubbles which
are the cause of the trouble. IT that is the
case the most obvious comment is not the
wisdom of a return to commercial paper
but the unwisdom and bad policy of prefer
ing speculative loans.
This was bad banking for two reasons. In
the first place the bank which sticks to
commercial paper is better of. No institu-
tion ever broke up which confined its loans
to paper made in the regular operations OF
business, according to the regulations OF the
national banking law; while the danger OF
loss upon securities subject to rapid fuctua-
tions is constant. On the other hand the
public evil of speculative loans appears in
the fact that if bank funds were not used to
sustain them, the bubbles could not be
blown to any such extent as to involve the
money market in their bursting.
1t is satisfactory to know that this bank
has returned to the purchase of commercial
paper; but it is necessary to accompany the
expression of satisfaction with the remark
that the bank officers who will neglect
sound and legitimate commercial loans in
order to dump their funds into the specula-
tive whirlpools of Wall street, stand in
need of some sharp instruction on the prin-
ciples of sound banking.