The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-04-26
CAPITAL CULLINGs

Another special election in the
strongest Republican territory, in
northern New York State, has given
the party cause for serious misgiv-
ings. In 1920 the district gave a
Republican majority of almost 30,-
900, but in the election held the
other day the Republican candidate
was thankful for one-tenth that
much. On the same day New Bri-
tain, Conn.,, went Democratic for
the first time in a long stretch of
years.
The claim of the Washington
Post, whose editor left the party OF
his fathers for the social entree at
the White House, that Liberty bonds
have returned to the vicinity of par
because of the wonderful govern
mental economies of the admins
tration, is considered a very good
joke in Washington. The Post neg
lE~lei 10 StNS SHN - 0SiS ~
economics which would show
that up to date the Congressional
appropriations are running neck
and-neck race with those OF last
year, ibut enjoying small lead. Ii
is also worthy of comment that
Liberty bonds are not alone in the
advance; every bond listed on the
New York Stock Exchange is higher
than last year, as we'll as almost
every single stock. Last September
this writer directed attention to the
situation and stated that Wall Street
was preparing to celebrate the
election of Harding with big bull
market, and asked the reader to
cut out the quotations on the New
York Stock Exchange and compare
with those six months and a year
later. The six months period has
elapsed and the average gain ON a
list of fifty representative rail and
Industrial stocks is more than $40
per share. The boarded surplus OF
capital in the cities has brought the
eastern money rate down to the
vicinity Of 4 per cent, and in that
condition the Liberty bond is nat
urally in demand by the holders oil
large amounts Of idle money.
r. The President, strenuous advocate
of economy, is enjoying his beauti-
full new launch, purchased for him
out of the peoples money, to- con-
vey him from the wharf to the May
flower and back again. OF course a
fine launch had always been provid-
ed for this purpose. but some Off
cial who probably desired to win
the approval of the royal eye for a
prosperous moment, conceived the
idea that the successor OF Jackson
and Lincoln should ride In palatial
state such as was affected by the
Roman emperors OF those luxurious
times preceding the fatal day wher
the barbarians stabbed their horses
in the Forum. A forty-ive-thous
and-dollar launch is the result; 1t II
used about Ave minutes per week
II is built OF solid mahogany from
: the forests Of Santo Domingo, deck
ed with the silver of Mexico an'
cushioned with the silks OF TN
Orient. 1t would require the fervi'
imagination Of Poe or Ride
Haggard to visualize some OF Hard
ing's predecessors using the hard
wrung taxes of the farmer and tn
laborer for this ostentation OF lax
ury while preaching economy In ey
cry breath. Who can imagine OIL
Andrew Jackson. who slept in hi
tent with his spurs on in the mudd
chalmette bottoms waiting for IN
British to land. allowing his under
strappers 10 buy such baubie TO
him out OF the peoples money! An
hew would Lincoln look. who eoul
split more rails from sun TO su
}. than any other man In his count,