The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-08

has more. Two hard blows have fallen
the assassination of President Nc
Kinley and the failure of the corn crop.
That sentiment which regarded the late
President as the symbol of prosperity
is financial factor to be reckoned
with. The corn failure is not final;
but it is a shock; the first of a series,
say the bears.
There are obvious answers to all this.
First a bull movement, like a bear
movement, always goes, not only far
Their than IL is expected to go, but far
Their than it ought to CO. The pres
ent one, because of the two checks,
has not risen far beyond a point where
the standard stocks pay 315 to 4 per
cent. That is an investment level.
The excuses of a bull campaign, the
rampant imbecile, sometimes almost
criminal boosts of stocks have not yet
begun. In. the great congratulations
and industrial combinations immense
amounts of stocks were issued These
are not yet sold The floating syndi-
Gates have them. The syndicates are
the big interests. In brief, the big fell
lows, having not yet marketed their
goods are opposed to a decline; the
insiders are for a further rise. The
money market is so subject Just now,
to regular commercial strain-moving
the crops, etc.--that the big engineers
will not encourage bull speculation for
the present. But the bulls are confident
that when the crops are out of the way
and money is easy, the Wall street
leaders will conduct one more cam
paign, which may well be the last, and
they are counting on it to be the great
est of all.
Several weeks ago number of news
paper reporters and editors formed an
organization known as the Society of
Acorns." All of them were young men,
and their avowed purpose was to fur
Their the interests of young men in
politics, and to stand for clean munich
pal administration. Their methods
were, If not secret, at least private,
new organization the passing
comment of a sneer, and prompt
ly forgot about it until
they suddenly awoke to the fact that
there were some $4,000 young voters in
the city wearing the acorn button of
the order. Now the professional poll
ticians would give something to know
what the Acorns intend to do. Osten-5
sibly they have no candidate; they are
neither Republican nor Democratic,
and they are pledged to nothing But
there are several points about this
swift grown faction that seem to indi-
cate the careful planning and knack of
organization of William r.. Hearst, pro-
pfietor of the New York Journal. It>is
an open secret that the Acorns backed
Comptroller Coler for the mayoralty
nomination. Hearst was a Coler man
and has been opposing the interests
that are fighting Coler; so that the
forcing of the young Comptroller upon
Tammany Hall and Croker would be
exploited as "a journal victory, Then,
Hearst himself is politically ambitious.
He is a young man; and this is a young
mems party. 1t is being handled on
the same lines as the Hearst League of
Young Mems Bryan Clubs. If the, edi-
tor of the Journal could assume control
of it, he would acquire support that
he greatly needs, now that>the attacks
on yellow Journalism are cutting into
his circulation and his influence. FL
nally, organizer and leading spirit of
the Acorns is Joseph johnson, a repor-
ter on the Journal, and who organized
the Bryan Clubs, in the last Presiden-
tial campaign. 1t looks very much as
if. when the nutting season is on, Mr..
Hearst would come out and gather his
crop of Acorns.
The late Col Warning in 1895 prophe-
sled that within ten years only the
very rich and the very poor would live
on Manhattan Island, and that within
another forty years the population
would consist entirely of janitors, mill
lionaries and hotel guests. 1t looks as
if the forecast hegira had begun this
fall. At this season. when there should
be mighty flood of returning exiles
of summer, the tide is flowing in the
other direction. Every road out of
New York towards the suburbs is a
channel where flows stream of NOV
ing vans transferring the fragments Of
households from the region of flats to
the region of detached houses. That
depressing exotic, the To Let sign,
sprouts and spreads on Manhattan ISL
and like a climbing weed. Urban real
estate dealers are tearing their hair,
and trimming their rents with an axe.
Suburban owners are jubilant. In many
of the more attractive towns ii is inn
possible to rent houses; sale outright
is the only thing considered. There are
many real estate experts who predict
that this is the beginning of an exodus
which shall drain Manhattan Island,
due to the prospects of rapid transit
and the increased railroad facilities;
that next year will see much greater
outpouring; and that thereafter there
will be a geometrical progression of
evacuation, until the Waring prophecy
is fulfilled.
A few days before President McKin-
ley was shot was looking over some
books in a Twenty third street store,
when a somewhat strident and very
emphatic voice attracted my at
tention. The speakers back
was toward me. but the voice. the
SLOUGH hat and the theatrical shoul-
ders were not to be mistaken. Mr..
Roosevelt was engaged in the pastime,
which is his favorite one next to hunt
ing wild beasts: that is hunting books
on hunting wild beasts.
But / want something specifically
about wild goat hunting in India, . lie
was saying to the salesman. These
books are too general"