The morning call., 1893-11-18

cause many of them had made foolish
contracts at unwarrantable competitive
rates and depended upon running the
men wages down for profit. This is re-
gardeO as unecunomic despotism. 1t has
oee1 urged very strongly that in so i'm
Dortant matter as the supply of fuel the
government should control the coilieries
anu not leave them in the hands OF reck-
less proprietors. This point may be ised
III Inc present Parliament, for pubic Opin-
ION mas oeen aroused to an incredible eX-
ient, and desperate remedies would not be
treated as impractcable Some of the
owners nave been very harsh and arbl-
trary during this strike.
The exposure of bad judgment on the
part OF Chief Cashier May of the Bank of
England does not at least involve that
ofhcer In fraud, but his error is not one TO
condone. The Investments he made seem
10 De on par with many which lately
nave brought disgrace upon numbers of
financial institutions. A group of socie-
Ties. companies or speculative organiZa-
tons Is formed, and financing is carried
ON recklessly by one set of directors help
Ing the other. Loans are mace on INSULT
Gent security. and when one company
goes down the others are pretty sure TO be
ia distress or TO collapse also. Scores of
tnese shams have lately gone down. La
me case OF Cashier May be is said 20 have
lnuorsed transactions by his son as di-
rector OF some companies. Ii this sons
ahairs come under investigation the whole
truth VIII be disclosed.
The South may be for free trade in the
abstract. but in the concrete tits for protec-
lion. The mere intimation that duties are
to be taken off iron ore, coal. lumber, rice
and sugar is sufficient To fire the South with
indignation. 1t has been intimated to the
Committee of Ways and Means that if the
duties are taken off the South might as
we'll give uD industry. This is precisely
the position of the East and West in re-
gard TO imports against which they have
10 compete. They ask protection In order
10 MAINTAIN their position. In the matter
CT iron ore, the hematite grades OF Spain
are valuable for stee-making by the Bes-
semer process. Rather than menace its
iron production the South would even
Keep Spanish ores out.
The storm has settled the fate of the
New York. Although somewhat in shell
ter under the lee of Point Bonita. she
pounded fearfuly on the rocks and must
have been damaged far beyond the posi-
0lllty or repairs. Probably also there will
be good sea running during several days.
81 DETER opportunity TO raise Il vessel
never was presented, but the measures
taken have been, unfortunately, far short
of the necessity.
1t Is somewhat farcical to learn that the
two Police Courts in the new City Hall
are so blocked with hangers-on outside
that those who have business in the courts
ind 1t difficult 10 enter. Surely the police
have some responsibility for such block
ade. They can keep a corridor clear of
obstruction as easily as a sidewalk. The
crowd which muslerS In the corridor is
said not to be che most polite and we'll
bred 10 the city. and is not likely to have
pull II its suppression is resented. This
should encourage the police TO act.
An overland excursion agent states that
the storms and floods in Florida will have
bad effect on travel to that State this
year. and that strong current of travel to
the Pacific Coast IS probable. Let US hope
this forecast. as far as California is con-
cerned, Is accurate. 1t happens that lit
tie storm ragged here in the early hours yes
terday. But it was wind and nothing
more. The sky was as clear as il summer
and very little damage OF any moment was
caused.
Yarrow & Co. have built for the British
navy torpedo boat catcher or destroyer
the Havoc-whch on her trial developed
the remarkable speed of twenty-six knots
an hour, or thirty land miles. 1t is said
she even has another knot in reserve.
This is certainly the fastest vessel in the
English service. As rule however these
trials on the other side Of the Atlantic are
not sustained in actual service. They
have been known to fall off several knots
an hour. Mr.. II. White, The director OF
naval construction, designed the Havoc.