The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1893-06-07

troller of the currency shows that since
January /, up TO June 1, twenty ma
tional banks, with an aggregate capital
of SG,15O 900, have failed, as against
seven national banks, with an aggregate
capital of SG25, 900, for the correspond
ing period in 1892. And this is the
prosperity democratic triumph and a
democratic administration was to bring
the country -
IN the issue following its discontinue
ance of the notorious Olympia adver-
tsement, the Free Press essayed to
advise its readers g where TO invest
money" 1t was remarked that our
sagacious contemporary did not rein
force the suggestion of the two Russells
to "plant a few dollars " in f" Olympia
Park" or East Park Addition" and
"watch them grow" Like many
another preacher, the Free Press pre-
cept is all right, but its practice is eX-
ecrable. Contemporaries are wont to
inveigh, in wild, aimless sort of fash
ion, against western investments, but
when it comes TO the matter of discrim-
mating criticism, when the duty con-
fronts them of exposing any given wild
cat scheme and protecting their readers,
they lose their courage and are dumb as
an oyster.
THE statistics for May show that
there were somewhat more than a mil
lion paid admissions to the Worlds Fair
for the month and about half million
on passes. The gross gate receipts
were therefore half million dollars,
which about covers the monthly operat-
ing expenses. The auditors figure out
an excess of receipts over expenditures
of $3.50, 900, and the " financial success"
of the exposition is therefore pro-
claimed. Precisely what is meant by
this enthusiastic declaration does not
appear. Should the average of the ex-
cess of receipts over expenditures for
the six months be double the excess for
May, the aggregate gain would be
$6,0O0,000, or less than one-fifth of the
aggregate first cost of the exposition.
Bonds to the amount of "a 300, 900 are
secured by a first lien upon the gate re-
ceipts. When these are paid there
would be left 81 100000 from which to
reimburse the government for the
S5,50O,0O0 appropriated by congress
and the S10,0OO00O contributed by Chi
cago-the municipality and individuals
contributing each So 100000. Leaving
out of the purview of the case the
trifling matter of repaying some $780,
100000 of capital-more or less-the
financial success for the exposition
may be assured"
THERE seems to have been some
funny business" connected with the
first reports of the attendance at the
Worlds Fair, Sunday, May 2S, the first
day Of Sunday opening. The newspa-
pers blazoned the statement of the
director general that 100000 people
were in attendance. The most consery.
alive estimate was $4,000, and this
has sunk to less than $4,000 paid adj
missions by the official record. The
result of the second Sunday opening
can hardly be regarded as rousing
vindication of the management's policy
OF dishonor. Only sixty thousand Wis
itors are reported. The government
buildings, and everything over which
the government exercises command,
were closed and locked. Many of the
state buildings were closed, no ma.
chinery was run, and numerous exhibits
were covered, because those in charge
refused to work seven days in the week.
Those who find in elemental disturb
ances evidence of divine wrath will see
in the fierce thunder shower that broke
over Jackson park on Sunday token
of celestial displeasure at the desecra-
ton OF the day. The results of Sunday
opening, thus far, hardly meet the ex-
pectations OF the managers in the mat
ter OF big crowds and immense receipts.
Honesty is the best policy for fair man.
ayers as well as individuals.
OLYMPIA, Wash, is the object of
strife that is hardly Olympian in dig
nifty or character. The Oympian
games of the ancients were athletic.
The Olympian game of TO day is lin
guistic. Last week we published the
estimate of G. +. Lord, president of the
Capital National Bank of Olympia, of
the firm of Russell & Russell, who
have been booming house lots some
where in the vicinity of Olympia.
Now w. l.. Russell, of the firm of the
two Russells, writes the Free Press, in
which Mr.. Lords letter first APP
peared, giving Mr.. Lord the lie in the