The advocate and Topeka tribune., 1892-09-21

udAS bOl4 UOuNp WnlN4 OA 1AAGlE AHGU CoAl 4DE
nearly $500, ,000, 900 which il cannot redeem
and did not intend to redeem when il sold
them. Yet, despite these legitimate and IL
legitimate gains, despite the undisturbed
monopoly Of the carrying business Of q vast
territory, despite the enjoyment OF adVan-
tages guch as were never possessed by any
other railroad system in the world, it is on
the down grade, and the shadow of the re-
ceiver is already upon it.
Mr.. Huntington is tied to q stake. He
has no choice. II is grounding or no dinner
with him. His roads must earn the interest
on their bonds or the deluded and deceived
creditors will demand the appointment of q
receiver. Mr.. Huntington says truly that
the frOights and fares cannot be reduced
without serious damage to his roads. It is
true they cannot, and when Mr.. Stubbs de-
mands the Last cent the traffic will bear, he
is merely obeying Mr.. Huntington's orders
to make the roads earn interest on three
times the cost Of construction.
Now, Mr.. Editor, while have
wandered somewhat from Mr.. Pestana's
original proposition that "the railroads
are all owned In Europe" I have done it
for the purpose of verifying Mr.. Pestans's
statement, and to show that the object Of
the present railroad management 10 to
secure dividends for their European
masters, and so far as they and the re-
publican party is concerned, the Amerl-
can public may be damned"
But started out to tell about the
"great republican rally" at Beloit, Sep
tember l.
Throughout the meeting and during
the day and evening the expectant ear
vainly listened for a cheer from the re-
publlcans, cheer for Harrison, cheer
for PeStana, cheer for anybody, or any
thing, but it came not.
In the evening, Hon. E. W. Hoch being
the big gun of this particular political
Sklrmish, was, at q signal from the
chairman, permitted to 60 off. Hoch, In
the estimation Of his party, is ga stem
windsr." When he explodes, the buffalo
grass turns white in a single night and
the judgment seat totters. Like Artemus
Wards kangaroo, he is an "amooBin'
little kuss." don't want to say any
thing mean about Hoch because I want
him to come back and make US some
more converts to the Populist's cause, but
I want to notice brifey some of his
"fggers." Mr.. Hoch said: "You fellows
think that the republican policy has been
detrimental to the agricultural states Of
the west, and beneficial to the manufac-
turing states Of the east. Now want to
say that that Is not 80. l want to show
you from the census report of 1890 that
during ten years from 1880 to 1890
eight manufacturing states Of the east
increased In valuation "a per cent, while
In the same time under the magnificent
policy Of the republican party, eight sgri-
cultural states Of the west have increased
S17 per cent" Before comparing Mr..
Hoch'S percentages " with the facts as
given In census bulletin No. 104, want
to consider the relation Of percentages"
to these questions. Percentages are de-
celving. For instance, a business man
did $1,000 worth Of business last year,
and this year does $4,000 worth of busI-
ness; his business has increased 100 per
cent Another man did $4,000 worth of
business last year, and this year does
$4,000 worth of business; his business
has only increased 20 per cent. But the
20 per cent. increase represents double
the amount Of the 100 per cent increase.
The first mans 100 per cent. increase
represents $1,000; the second mans in