The herald., 1894-05-09
pERALTAREAvIs ON rHs SITUATION.

We have received q communication
from Mr.. J. A. Persltareavis aecribing
the present business atsgnation and the
movement to Washington of the armies
of the unemployed not so much to the
Mckinley bill itself as to the lapse of
time between its passage and the date
upon which it went into effect. This,
says Mr.. Peraltsreavis, enabled the inn
porters to overstock the market by TAX
ing advantage of the low duties, and
induced many to run deeply into debt,
so as to be conspicuously in the swim Of
the grest boom they anticipated. But
the congestion OF imported goods, with
the impulse given to tho home manu-
iactursrs, was too much for the country
to carry, and the collapse that followed
carried large percentage OF the bust
Rese people into bankruptcy, which re-
acted on the country and produced the
stsgnation that led up to Coxsyism.
We are not prepared to dispute the
accuracy OF Mr.. Peraltsreavis's analysis.
We generally believe that the Mckinley
tariff was the genesis of our woes; but
to state positively exactly the peculiar
course which the stream took before it
reached thu cataract VIC leave to our
able correspondent and other eminent
political economists. We dare say Mr..
Peraltsresvis is right. A gentleman
who lays claim to one-hslf OF Arizona
and who has worked up Spanish grant
over two hundred years old to the place
it now holds as dense cloud over mil
lions Of acres of land once supposed to
be public, flies too high a kite in the
blue ether OF political economics for us
to dare to gainsay him on point so alb
struse and iRvolute as the cause OF our
great industrial revulsion.
Mr.. Peraltaresvis will live in history
as one OF the most daring, ingenioun and
resourceful exploiters the world ever
saw. He stands first, and Patterson,
and George Law, Jim Fiske and Harry
Willard are nowhere. Just think of the
difficulties be has overcome. He found
that q grant existed for one.half OF Ari-
IONA. He traced it to an old native
party living in San Diego. He found
that it had been partially transferred to
another. That person had died. and
his heir-at.law lived nowhere in the
west. She was hunted up, and the pa
per was secured. Then the old paisano
was again sought, but he had died in
the meantime. Parchments dusty with
age were got together. The colonial
records in the city of Mexico and Ma
drid were ovsrhauled. The title in all
its rsmitications wac traced. AT last
when all the parchments were got to-
gether and submitted to close legal
inspection, it was found that there was
fatal missing link. At this stage of
the affair anyone but Mr. Psraltareavis
would have given up the chaze discour-
aged. 1t WAS necessary to trace down the
inheritors OF brother of the original
owner to make the chain perfect. 1t
was found that his descendants ell con-
centrated in one lovely girl living an
humble and secluded life in the Anda-
lusian mountains. She was, go to speak,
the missing link. Our friend was equal
to the emergency. He ran down the
dark-eyed mountain beauty and mar
ried her. From that hour his name OF
Reavis became Peraltareavis, symbolical
Of the unifcation of the two interests in
the great grant, which we're separately
worthless, but when united became
perfect, whole as the marble, founded
as the rock, as broad and general as the
casing air."
We therefore unheeitatingly admit
that Mr.. Persltareavis is right; that he
has seized the dilemma by the exact
horn, and has revealed to a waiting
world the source OF all their woes. If
Mr.. Peraltareavis thought that by send
ing US his views he could lead us into
controversy combating them, he was
mistaken. We walk into no such trap.
We admit that he has solved the dark
and intricate problem, and we do this
the more willingly and quickly because
his views are not very far from those w0
ourselves entertain, but in less asser.
tive and cruder garb than Mr.. Peralta-
reavis has clothed them in his commun.
ication TO the HERALD. We would bs
delighted to give Mr.. Pesraltaresvis'
communication at length, if it were not
for it's length. That alone excludes it.