Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1891-10-02
BOSTON LETTER.
Spectators and the Crops--ThG
Boston Herald's Exposure.
Colored Men in Politics--Shy-
loCks--Two Great Plays, etc.

"i'li'h 'HN'l IOWcT 10 say
TO the balance of tho in-
habitants of this great republic what
they shall pay for the necessaries of
life. Everything is abundant this
year, and there is no reason why tho
poorest person in the land should not
benefit by it; but, as | hintcd week
or two since, that there was proba-
bllity that the spcculator would
step in and thwart the plans
of bcnclicent Providence by
attempting to corner the markets,
am sorry to say, came near being ac-
complishcd only the other day in
Chicago. Indeed, SO close was it TO
being done that the Chicago News,
commenting editorinlly on tho fact,
said: "Thcrc is no corn in the Couu-
Try. The great bulk of tho visible
supply is uod up in the : V. White Il
Co. failure. Had that QUO broker
added SOC, 900 bushels more TO his
1000, 900 bushels of cash corn actually
paid for, ho would have practically
owned the visible supply of corn, Of
tllN N''llNNl STATUS hllNl Nfklluld, anu
could have set his own price on 1t.
"The cash necessary to have mado
that purchase possible would have
been lc's than S255, 900. Tho amount
he had invested in tho cash article WAS
81, 100000. To have corncrcd corn
would have taken not over 81, 300 900.
The visible supply ut Canadian ports
at Il c time of the break was less than
30, 900, 900 bushels.
40 mike the situation more strik-
ing, it is now cropping out that Chi
cago shipping frms. generally carry
ing from 1000, 900 10 5000, goo
u'hcls of corn Mt this time of year,
are almost entirely out When the
ma kct broke, Eastern dealers and
jobbcrs, in anticipation of the failure
Of the corner, had refused TO stock mp,
waiting for the large holdings to be
thrown on the market.
"This has not been done as
they expected, AMI they have
but little grain with which Ia
fIl their orders from abroad,
To make good this deficit it is oS,i-
mated that it will take the greatest
part of the Chicago stock; tina. consc-
qucntIy. only n small amount will he
applicable on October contracts or fol
export from lhis port,
cone board of trade firm declared
that from 100 houses in the prinCip0
towns throughout the country they
were unable to buy n carload Of corn
all told, Yesterday. Others firm:
find the same difficulty, and account
for the 3-4 cont advance on both sep
tCmbcr and Oc:obcr corn on that score
Local industries, such rs starch fac
tories, hominy mills, distllcrics, glu
cosc works and kindred manufac'nr
in Illinois and Indiana arc coming tt
Chicago to buy cash corn, which thc'
, usually purchase from country points.
, As is usually the case in scheme o
such magnitude, it resulted in failure
but this does not condoue the Offence
attempted against sixty odd mil ion
/ Of people by handful of spccula
tors, AMI cmplnslzcs The nccessit,
, for some stringent measure
national in its operation, making ste
II thing impossible. VIII it ever b
, done? We have had party after part
= pledged to all manner of reforms, bu
, not ono of them has ever accomplished
anything worth mentioning in tho iii
reclion of relieving the people fron
, tho selfish NAV of tho spccnlator
9 Our markets are not controlled by tn
law of supply and demand, MS the.
should be, but bv Consciencclcss sc
j.. Of gamblers, and there il no rcaSo
q why they should not he dealt with In
same MS apy other class of blacklegS
" Tic people should have the benefit, o
I. plentiful times, but they never ca
! 80 long rs it is possible for one q
}. two AMcu 40 upset tlic entire cuisines
Of the country for the sake Of addin
: TO their accumulated millions at I'll
II expense Of ihe consumer.
s. Boston has been treated to somt
II thing of sensation the past NV
r. weeks in tho exposures made by ii
% Herald IN connection with one Moore
" notorious criminal, and DclectiN
lc Chapman. That policemen and d
S. tectiyca are not all bad admits of l
>. dcuial; but that the majority of the
- nre "in'' with criminals and lay
w. breakers is an opinion quite prov
> lent among people, and that there
% some ground for such opinion Is
most daily confirmed by development
all over the country. | do not kno
, ANYTHING concerning the truth or fall
- ty of the Iernld's charges again
u Chapman. nor would | care
he credit its stories oa the tcstimol
,lI Of n thief so notorious as Moore co
!, fcsscs himself TO be; but that pap
-, evidently knows what it is doing, al
ne If onc-half II has published conccrni
st. Chapman is true, that gentleman W
us find very little to console him IN I
Ia a5O, 900 libel suit he has instiiut
-. against Tho publishers of the Hera
Boslon's streets arc again being to
H. nm. but rs tins time it is for the pit
re- posc of putting more telegraph n
NJ telcphonc wires under ground, wo c
we'll excuse the inc ,uvcmicncc II incl
~ ". in consideration f the greater sat'
ne afforded The lat great fire VIII
nc occurred here is supp s"d 10 hay" be
w. caused by the crossing If elect
Wv wires in some unacc"unIabIo mann
- md il is certainly desirable 10 av'
W. such calamilics if burying elect
Id wires will do it.
ias The end Of this year will proba