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Show CATH" ON JAY COOKE. How the (ji-rut Bin-kr wu.s j " Roped Ou" and " Dane I For." We chp from the eoiTe.-p.mdeuce of "Gatii" in the Chicago Tribute: ' It is the way of the world to call a ruinitl man to account when it lost the opportunity and the heart to do.--o at the period nt his pnxperitv. Jay Cooke never .saw tii Nurttieru Paeilie raiii-oiul; but the lion. S.-huyler Col- fax passetl bis won! upon it, and took 1 otriiisjiicki-t to bull it through. G.-n. ; Kosher and other men of apprehen- nil hi wrote letters, and disp Uehi-s to Mr. 0-ke up to the la.-t minute, eon- ; grutnlating him on the value of his . luiid-gram. Jacob M. Howard and the oilier Howard, of Michigan, sang isothermal hosnnnas to the initerftrise. A certun annnmt of reality must le-long le-long tii the work when so rapidly pushed forwanhand the physical work lias epin.letl,)ind, 1 think, shown even more economy and expedition th in the Union Paeilie enterprise. it there be any gin-,1 in thai country. ther at b-ast. is ft road opening up much of it. Our eoninetisation must he in the information it has brought us alrtjut an unexplored part of the continent, and in the period it b:ws put to ' a career of real-estate real-estate . speiulmiun, whi"h w;us the poluv or the Republican party. Tho chief lobbyist of this enteru-Lsc was a person insignificant insig-nificant and pert enough in himself, but nevertheless, the Secretary of the Republican National Committee, one William E Chandler, tho son of a livery stable man at Concord, N. It. He getstho secretaryship aforesaid because of his notjrit ty in tho lobby. To look at, he is a human nubbin, a straggling border of yellow side haiis, eked out with an tye-glass on his nose, and fussy as a juusoii-wced in a high wind. This Tappcrtit headed the conscienceless forces which passed through a corrupted Cougress both the National .Life and the North Pacific charters. Wholly irresponsible, he has been tho -means of entrapping Jay Cocke into the above fatal jobs; and tlie first public service I ever did at the Capitol was i to give- warning about him. Tlie lobby in this city must be tamed down, and a special shower-batn and cell put up in the Capitol for tht hangers-on who follow the busineBS. Until that is done, foolish rich met like Jay Cooke will be ruined by boys like Chandler, ftnd weak Congress men tempted into dishonesty. WHAT DHOAX THE PANIC. "It will not be correct, either, to sai that the failure of Jay Cooke & Co solely, or in Cue tirst place, brough I ou the panic. The proportions o the house made the loudest report when it fell, but the first break was ' made bv the Brooklyn Trust Com- : pany, and the New York, Midland & . ) Oswego railroad. It began, indeed, I with the repudiation of interest by - Pen llolliday and several ether American railroads, with tho well- 3 known depleted condition of every Southern State, and with Credit Mo-bilier. Mo-bilier. Talk ot -confidence among common people, whon Colfax, Henry Wilsotv Dawes, Patterson, Conkling, Brooks, etc., are seen to have been the recipients of Union and Central ' Pac. lie railroad favors and fees! Talk ' of confidence when the President's whole magisterial career has been that of a man more indignant at his partisans for their virtues than for their crimes! Confidence, Jbrsooth, when Bingham is sent to Japan and Newman to Polynesia, and when the service press is nut to its trumps to save the Methodist Book Concern from such defalcations as CarlctonV. ' Confidence ceases when the farmer j and mechanic is convinced that almost al-most every bod v to whom he delegates I his money and suffrage is feathering j that higher nest. And back-pay made ! the millions button their pockets. The J failure of Jay Cooke was the fiilurc of the Grant pnrty'a policy; lor thai pariv is not uie Republican party, ;:nid will not be allowed to cany oil'; its principles; Jay Cooke w.is a more , potent name in the Union than j I Grant; he represented the . wages j i which made so many laboring men : vote the banker's "ticket last year, j Grant rep it sen ts nothing but a great ! I number of presents, and a great deal ; of loose apprehension. In this coun-i coun-i try. security in any Presidential term begins at the top. " Having elected a President, the people suspend vigi-' vigi-' lance, and trust to their Chief .Magis-, .Magis-, Hate, lihcmakoi an example of; ! every low fellow in his civil list, every j defaulter, every bad example in I morals, and raises to example every , bold and prudent exemplar, the heads ; below him tremble.- But the Presi-! Presi-! dent whom the bond selling world re- j j elected is deficient in both pride and j ' example. Wo never had one who I began with fo little, and slid so fir j ! hack. Possession increases the den-' I sity of his ignorance, s a barnacle ! grows more s-tony by long clinging. : Until our people arouse and make 1 this Shellfish leei by their displeasure j lie who completed by attrition and was prolonged by insensibility, there 1 ' is no real political life in America, i ,' !!! limit-'! THE TWO FIHVr j'Roi'S GO. The Brooklyn Trust Company showal that the city nf Henry Ward , Beecher and A. A. Low was only a blood portion ol'Twcftl, Sweeney, and Weed's New York. The responsible man of the concern, Mills, died like a true financial intidel. He went in , bathing at Coney hl.ind with other 1 lost reputations, and calmly put his , head under tlie water and .-auk. No : noise, no resistance, no cry for help, ' he revived in his resolution the worst period ot France and - Greece, suicide without speech. Thaf City of Churches , was committed to his bank. The news went over the ierry to the Financial Fin-ancial Mctropoiw, where the Milliard railroad, like the Northern Pacific, was contending with Dc-tiny. That road was nearly '-'AH.) miles long. Its receipts were only about JoU.1 00,ar.d l debt, rtock, liabilltns. etc., above ' -J0,0W.iXO. It was no wild-e.it ro.,l, but a grand diagonal cut-oil' ou the Vanderbih sy.-tem, with propositions in hand fur far-western en ten -ion.;. Down it went, and aski d for a Receiver. Receiv-er. The ensc uf suspicion was now at that point where iLnsternrj corcriU ars ir. their n&turo .o'.-WLL-ti. at t-o fi.-j-.are .:-r,o r'uJ !i -Ji- liV.t. Itil H'.'lo t-liij- t'lo il'u J, . So the panic in Ken" Yurk began, and, presia ! Jay Cooke suspends, that great Col-Vsiw of Grant, the Administration's Ad-ministration's main subscriber. The mine has burst. |