New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-18
EX-SENATOR KELLOGG AS A PROPHET
HE PREDICTS AN TNEXAMPLip ERA or PROS
PrRITy FOR THIS COUNTRY ~ 1897


PERITY FOR THIS COUNTRY ~ 1901.
WASHINGTON Nov Il tSpeciaD.-Ex-Senator Will
lam Pit Kellogg. OF Louisiana. is widely kno"n
a. an astute politician He IS not. perhaps. so ex-
tenslve!y known as "A prophet An incident watch
he tells among his friends. producing the data to
confirm his statement shows that his business
foresight is at least equal to his political II his
business investments in THIS city are not sufficient
proof OF the fact In December. ISL he was in the
ooicc ~ his friend c. y Farwcll. in Caicago The
conversation turned on panics. Governor kellogg
said he felt there would be great panic
about the year lso3-one OF the greatest through
which the country had eve. passed. Mr.. far~eIi
asked why he thought so. Governor hehosS re-
piled tina. he had noticed such thrgs went In
cycies OF twenty years or rear. so. The remark
seemed 10 impress the banker. He made memo
randurn embodyng the prophecy told the louisan-
ian what he had done and laid it away in his safe
among other papers duly labelled. IN February,
1919 after the Barring Brothers failure and the
inception OF the great financial crisis which fol-
lowed Air. Farwell sent the memorandum TO Coy
ernor Kellogg. reminding him Of the iuhlment OF
the prediction OF 1854.
Something was printed of the matter In one of the
Chicag, papers last summer. and 1t was alluded 10
in pr,va- conversation between ex-senator Kell )gS
and Representative cannon. Of Illinois, fey day
ago The x-Senaior then observed: Will mag .
another prediction on reverse coHnltlchs. go
that 1891 the country will nave unexampeI p. t
worked mines will develop beyond present expect1-
lions real Wi! rise, IN Iact an ''"'S ~
iucr, aso TO Il tremendous extent. Nothing IKE j.
has ever yet oeen seen in this LARD | i.el sur"
of IT, and 90 not hesitate 10 predict H. IL niehl
take place IN 1876 but for the fact that fatsl,
Dental campaign has a somew nat depressing elle.t
usually on business operations. The Improved oGt-
look o. 1893 viii by 1891 become wave OF Nauollt
prosperity vastcr than any with when We are
lie Ih.nks the Ks1uhican party will prepare 10
settle the curr, question at the approaching So
sion by proposing Joint commission OF eAltl's W.
viii represent the Executive and both houses II
Congress and r port pan IN 1881 TINS pan pens
the work If financial authorities based on All the
bills suggestions and projects which have oscn al
may be offered date, will. he thinks De receive!
by tn country as hndi ana conSus..-. IL 1 90
10 be" he said. Any number Of men even thre-.
who have inteig ana some experience can ~
down and frame Il satisfactory system II they wa
hear all tie arguments and digest them properly
As for the silver question. that 8 in course 81 a.
tustmenf righl now. All these r.ch mas H. Ala'id
and Africa OF god no; on the surface. mind YnI'
bat deeper down. VIII make sure Of suiilcent SUI
ply Of gold for coinage purposes Fhe eS-Senat9r
seemed 10 think that gold was found In greater
quantities silver would advance in value and ihas
the two metals would approach each other ms
copous supply Of gold would lessen the political
agitation IN behalf OF silver free coinage IT woud
give stable basis to the counirys prosperity he
fh,ught