The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-09-02

burn ct al, thanking them for their eff
forts in his behalf, is unrivaled in its
line. But it's easy to be merry when
one has cleared s70O.OOO on single
deal Chicago Herald, July %.
The gentleman referred to in the lines
quoted above and the open letter he
wrote has a direct bearing on the ques-
ton Of grain gambling or Options" To
q better understanding by our readers it
will be proper to state few facts re-
garding the gentleman and make some
quotations from his letter referred to
that we may weigh the elements of the
cities that are fighting the anti-opiion
law. He says, MY business training
has been that of merchant" Con-
tinuing in a personal strain he explains
how as buyer Of goods and always seek
ing the cheapest market he developed
the habit OF bearing down values, never
being satisfied with trade when
made but holding the impression
that better bargain might
have been secured This, he explains,
decided his line of action when leaving
the calling of merchant to enter that
Of ''option dealer" placing him on the
''bear" side of the market or gaming
table. Mr.. Partridge had what could
be termed ''plunder" store on State
street known as the Boston store" and
his stock was replenished from bank
rupt and job lots from everywhere and
anywhere.
In the category Of trade he filled the
/ same position in merchandising as does
| The hyena in the economy of nature by
| skulking the plains to gather dead
bodies wherever misfortune or death
overtakes them The position of this
gentleman and the hyena are both
legitimate as long as the business
aonor of man is so low as to permit
conditions of trade to breed bankruptcy
and gambling, and the ignorance of the
brute so low as to make his self-preser-
vation impossible.
| In unfolding his line of reasoning for
taking the depressing side of the mar
xet he says: Financial and CONNER
,ial misfortunes and accidents are per-
oetually occurring to shake confidence
and disturb values, and besides the cost
If carrying the property to be taken
! nto consideration. This line of rea-
soning is true to the existing condition
If facts. To change these existing con-
1itions is just what the peoples party
is trying to do. A financial misfort-
une" can be one where an enterprising,
energetic business man borrows half of
MS capital, and that half being timid (?)
capital, which timidity consists in fear
| ing it may not get in interest all the
nan makes in it's use may be called in
1T time when bankruptcy must follow
National banking and interest bearing
money, instead of profit or loss sharing
medium of exchange or measure of
| values are we'll calculated to breed the
financial misfortunes" Mr.. P. profited
with so often in his buying. So far in
ais letter is exhibited only the ''shrewd"
| nan of hygienic tendencies, and all his
positions so far, are from his stand
point, we'll taken. But not so for the
balance of his letter. He having de-
veloped into ''conspicious success" as a
grain speculator, from the natural apti-
5ude of his mind and merchant (?) train
| .ng, and being DESTROYS of conditions
continuing that would afford further
scope for developing genius in the
speculative line explains his opposition
20 the anti-option law and the sarcasm
20 Hatch, Washburn ct. al.
| He terms the attempt at passing this
aw as 'illegitimate and unwarrantable
interference with trade methods"
1t is not likely that the gentleman
would sign an open letter claiming that
avs against ''speculating" in money
with cards or playing of keno and like
games of chance were ''illegitimate and
1nwarrantable interference with
Methods of gaining money; but to the
nan who has to buy bread and meat
from his day labor, the price of which
food is fixed by speculative methods"
The gambler in grain and the gambler
IN money are standing upon the same
moral and business level and equally
unfit for citizenship. The 500, 600 won
by Mr.. p was lost by some one or more
companions in the game, and while few
# any spectators know or noticed any
thing about contemplated anti-option
DILL, he deliberately and falsely at this
ate date attributes his success in his
speculative game to this bill now being
considered before congress. He is
merry and cute and ''shrewd," but his
augh has the ring of the procuress and
MS inning" will merit and receive an
putting, to all of which he and his class
are welcome. A. ]. GUsTIN.
u