Los Angeles herald., 1891-08-16
PROVIDENCE DEFEATS A GREAT CON-
SPIRACY.

PROVIDENCE DEFEATS A GREAT CON-
SPIRACY.
There is no doubt whatsoever but that
there is an organized attempt in Wall
street to take advantage of an English
crisis of ruin TO wreck the United States,
suction off the country and buy it in at
forty per cent. of its value. The only
real purpose of Wall street 1--WE are not
taking any account of its ostensible pur-
pose) is to wreck individuals, corpora
tions and communities. Its conspicu-
ous leaders have consecrated themselves
10 that purpose with a fidelity that
would have won honor in better cause.
We do not wish to be misunderstood.
The HERALD is no wild and revolution
4zy or communistic paper. 1t believes
IN stability of values, and it thinks that
Wall street has twenty times the ca
pacity to disturb those values possessed
~ Pfeffer and his other warm-blooded
fuatics OF the Kansas stripe.
The only thing that ever prevents
Wall street Jeremy Diddlers and
confidence men from rushing in and mas
sacring the country financially, and that
impulse has characterized them for a
period OF nearly thirty years past, is a
force greater than their own. We should
have had a panic during the fall of 1887
If it had not been for the interposition
of the administration OF Mr.. Cleveland,
nh laI s<oa1f af loYo c,1rv,lr1c
accumulated by prudent and sagacious
administration of the government, to
throw gold into the circulation of the
country through the purchase of bonds,
and thus circumvent the Wall street
schemes.
The Republican party saw that this
surplus not only threatened the contin-
uance of the war tariff, but that it pre-
vented the absolute control OF the
finances of the country which it has
been always the policy OF the
leaders of that party to hand
over to its patrons, the ''fat fryers," and
to the friends of the "fat fryers.' The
leaders of that organization therefore
applied themselves to the business of
"blowing in'' the $3.50, O,OOO,O 900 surplus
left over by Mr.. Cleveland's administra-
tion, thus making it impossible to coun-
tervail the schemes OF the Wall street
Plotters. The party which is, par ex-
cellence, the capitalists friend, is deep
deep as any form of still water. 1t has
always relied upon its ability to pull the
wool over the eyes OF the people. Until
the advent of the Alliance, it has been
able to do this. The process of educa-
tion which has unhorsed ingalls,, and
bids fair to send John Sherman after
him into retirement, will render it very
difficult to do this again. After all the
sneers that may be directed against the
Kansas farmer, one practical member
of the farming guild is worth thousand
New York marplot stock brokers.
The nice conspiracy compounded, OF
the failure of the Barring Brothers, the
replacement of surplus in the United
States treasury by deficit; the de-
rangement of the business and the de-
crease of the revenues of the country by
the Mckinley bill, is quite likely to
miscarry through providential inter-
position, upon which the conspirators,
made up equally of Republican poll
ticians and Wall street fnanciers, did
not count. The United States at every
critical stage of its career has been
lucky. This time Dame Nature has
come to its relief. The crops have been
abundant beyond precedent. Never
have our granaries been so overAowing
as this year.
Nature has been reinforced by provi-
dence. At the very time that had been
arranged for a cry of financial havoc,
and for letting loose the dogs of war,
the crops of the cereals of both Europe
and India have been unprecedentedly
short. A Russian ukase forbids the ex-
portation of rye. The rye crop of Ger
many, which is generally eked out by
the importations from Russia, is also
short. The latter country will have no
wheat for export this year. France will
reqnire s2,000,000 bushels of
wheat from abroad. England,
always large consumer Of
American wheat, will need more than
ever before this year on account Of the
short crop of India, and the rise in the
price Of the silver which she coins into
The rupee.
Here is where the United States is
Ipecially fortunate this year. II the
Wall street wreckers had succeed ~,
1hponGh The defsncelesa condition Of