New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-03-24
LETTERS TO THE EDITOR.
THE SULLY FAILURE.
Meaning of the Announcement - Losses
Through Speculation.

To the Editor of The Tribune
Sir wonder if you fully realize what the an
nouncement that d. J. Sully fails for millions
thousands of your fellow men7 One can
now appreciate what it 10 a part OF the coun-
try overrun with a bold bandit and his followers
when the news of his capture and the dispersion of
his gang is received. How much more so when
the word comes that this bold gambler and his
followers. who have not only held up the country
but the entire world. for almost year, have gone
down to defeat.
Who will compute the loss entailed the coun-
try. and those the least able to stand II. through
the operations Of these men. Sully Brown and
others? Thousands of employees. with little or no
work in the last eight months, hundreds of mills
closed down or working on half time. that these
spectators might make money. Is II right that
few stock operators should be permitted to put up
the price OF commodity like cotton to point that
curails trade the extent Of the last few months?
In your editorial on this failure you certainly
take most conservative view. more so than nine
tenths of the persons with whom come in con-
tact The people at large see great wrong with
no remedy in sight. but feel that some means
should be found. under our government. TO put an
end to 1t forever You say. Perhaps cotton Is not
quite such a necessity as wheat. possibly not
But tell me if an advance in the price OF wheat.
causing the workman to pay little more for his
-four, could not be met with less hardship by the
country at large than depriving these of the
power OF earning living. For this is exactly what
1t has done; many thousands OF men. women and
children have been thrown out OF employment dur
ing the last eight months In this little town one
cotton mill has been shut down most of the time,
the other working half time. with no prospects
Of steady work until cotton reaches its normal
price
The Tribune is powerful enough to take up this
question and thrash IL out TO some positive end
an end that Will prevent such a combination OF
gamblers from holding up the nation lr congress
has tie power. laid down in the decision OF the
Supreme Court IN the merger Suit-that IS. the
question of the restriction of trade between States
could IL be construed to cover the cornertng
OF natural products by spectators? know
when anything OF this character is suggested the
cry goes up, oh you cannot restrict trade, or
the individual from trading" But surely II this
thing is wrong and II most certainly is, then
there be 10 right IL. That this
matter has interested The Tribune | have reason
to know. from the perusa of its editorials during
the last year. Is there any greater work that a
paper do than help 10 right such wrong?
1t would be of interest surely to all your readers
IL through your correspondence an estimate OF the
loss through this cause to our industries dur
Ing the last year could be gathered. New-England
especially, as well as the Middle states, has felt
the loss to a great extent. And not since the
inauguration Of President Mckinley in 1887 has
trade been in so low condition IL is to-day.
And believe these gamblers have had no small
part In producing il. CHARLES NJ KELLOGG
Undertook. y. Y, March 10. 1904