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Show New Yoi;k sncc'iAi-S to the Chicago Times state that the failure of Jay Cooke i. Co. was wholly due to the unfavorable report of a commission sent by European capitalists to investigate inves-tigate the affairs of the Northern Pa- . eilic road. This commission was made up of able engineers and financiers who traveled over the entire route of the road, and upon their return to Kurope reported so unfavorably upon the. matter that Northern Pacific bonds could not be disposed of. This explanation appears very plausible. Foreign capitalists have been so dig-1 . gracefully swindled by American rail- ; way schemes that a lack of investigation, investiga-tion, when such a stupendous undertaking under-taking as the building of the Northern Pacific, road is presented to them for investment, would be foolish in the extreme. That an examination, such ns is reported to have taken place, should result in anything but distrust, is no worse than was to be expected. Credit Mobilicr revelations, Erie ring robberies, Fremont frauds, and innumerable innu-merable instances of corruption, in similar manipulations, have created the gravest suspicions of everything in the railway line, and a whisper of doubt is sufficient to alarm capital. |