The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1920-01-09
ALARM CRY IS SOUNDED
Americans Are Skating On
Thin Ice, the Claim
.RACY SKETCH IN SIGHT
Political UpheavaI Most Likely
In New York City; Gotham
Gossip
Especial to Free Press.l

Especial to Free Press.1
New York, January 5.-That all
Americans are skating on thin ice,
that is bound to break and plunge
them into floods of poverty, panic
and business upheaval before the new
year is ended, is an opinion that
some OF the most experienced econo-
mists IN this city are confiding to-
day to local interests that are asking
them 10 forecast the future. Reck-
less spending of easy wartime pro-
fits, careless paying OF top notch
prices for the Injuries of life and
widespread disregard of the tragic
lack OF pushing vitality necessary pro-
duction, are held by these experts as
sure signs of an impending econo-
mic crisis in which the whole nation
must pay their mad year of post
war profiigacy. Already Wall Street
students are predicting a terrific
tumble in the entire market, as indus
tries and railroads enter into the
crucial year ahead, while labor hold
ups either throttle or threaten every
American business activity.
Probe Is Pending.
Following the indictment of Got
hams whole municipal administra-
ton that almost every newspaper in
this town has begun to hand down to
Hylan, deep probing into the con-
duct of city affairs now seems sure
from some sources or other before
rnany months are over. Whether the
state legislature, the grand jury or
soEle civic organization will first
undertake to delve into the depths
of official mismanagement here is
not yet determined; but, sooner or
later, It is promised that the Tam
many officials will have to answer
for their every act since they sue
ceeded the Mitchell administration
Before the next municipal campaign,
it is agreed by veteran politicians
the people of this state and nation
will surely be treated to as racy
n sketch of big city political rule
as has ever been put into evidence
in all the history of this town.
Party Pow-Wow.
Thanked by every adviser of brain
power 10 their party, the republican
legislative leaders have just con-
cIudel here one of the most serious
studies Of public problems ever at
tempted by politicians hereabouts
From end to end the So
cial welfare" program of the
governor has been analysed, with a
view 10 picking out what is best in
it for sane accomplishment and cut
ting out what is hunk in it for the
wastebasket. BY the exercise OF
brains and deliberation the republi-
cans of the Empire State hope to
effect real, lasting reform on exist
ing abuses they declare, while they
will give little countenance to such
red socialistic schemes as putting
the state into the assurances, water
power or market business.
Drives Are Dragging.
/ That the good people of these
United States are about driven to
death by the Kind of drives that
they supported so loyalty through
out the war, is admitted by the men
who Lave made a speciality of or
ganizing and putting over the scores
OF special drives that have continued
since the armistice. Though dozen
or more national drives for perfect
ly worthy objects have been schedul-
ed for the first part of the new year,
it is now doubted whether or not they
will actually be put upon the public
stage. Since the public has respond
ed more than generously to the
driving for hundreds of millions of
dollars during the days Of real war
urge, no one here will blame them if
they now call for little let-up in
this form of Zig begging.
Young Teddy's Tryout.
Posing for fight over the course
first followed by his father, young
Teddy Roosevelt is now busy pre-
pairing himself, to enter the assembly
of this state. In only one respect is
there q difference between the polit-
ical debut of this father and SON.
While the elder Teddy was left to
rick up what legislative lore he
could, the younger one is being made
much Of by scores of legislative and
partly leaders, who meet him here
a. the Republican club almost every
day in a painstaking effort to siniti-
ate I'm into the ways of things at
Albany.