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Show 6H0DDY, SPECULATION, PANIC, ETC. The era of joint swindling and wild mining speculations baa probably culminated. Thewai'sof the credulous credu-lous and deluded eupilalisUi have gone up from every city in the land. The Englieh papers are filled with lamentations lamen-tations ol despondent shareholders men who were nut eaii-tied with invert in-vert t men to in coii-toIs, in home railroads rail-roads and the various safe enterprises I in which the London market always abounJs, and were ready to listen to the syren voico of the tempter, with h is bed - roc k ch an ces and bu re twenty -five per cent, dividends. For a time New York and London unarmed with those soldiers of fortune, for-tune, and it is hardly an exaggeration to say that the amount of money wasted upon tho fruitless enterprise engineered by them would go far towards paying our national debt. It iu not probable that one dolhir in every thousand bo invented has been returned to the capitalist. In many of tho niiuini: swindles there was nothing whatever to show for the money save prumise-; in others the properly was squandered ly mismanagement. mis-management. But it is not iu mining min-ing enterprises alone that men have been duped. Every conceivable speculative scheme hai been invented invent-ed to draw money lrom the pockets of the gullible. Theso went very well as long as money was plenty and ( business lively, but as soon as a financial pressure camo, down went tho ianfr bubbles. reDresentintr mil lions. And the most substantial enterprises en-terprises went down with them railroad sharos, manufacturing stocks, banks, insurance companies, and hundreds of substantial business houses. The whole country bad over-Bpeculated aud over-traded. We bad thought that our prosperity could not be discounted, aud nothing could break down the prosperity of the United States. There was a government govern-ment mania to pay ofl the public debt, to restore specie payment and perform ether financial miracles, all of which assisted in the general demoralization. de-moralization. Since the panic the country has been forced to move slowly. There has been a sharp stoppage of speculation specu-lation in every department, with the exception of two or three localities. Tlie San Francisco stock board, the Wall street stock and gold gamblers and tho Chicago grain scalpers have not ceased their operations. The banking and money-lending community, com-munity, if they do not profit by dull times, at least thrive by the necessities ol au impoverished community. Money may be never so plenty, but the cent, percent, is still exacted. Of all the wild and profitless excitements ex-citements by which the people are drawn into the net of speculation only to be gulled and cheated, the worst is undoubtedly the San Francisco Fran-cisco stock board. The recent bonanza bo-nanza excitement is a fair sample of the average raids which every few I months are made by the mining oper ators upon the pockets of the poor and gullible people. Some two hundred hun-dred million?, it "is said, has been taken out of the Couastock lode, but it is likely that more than this great sum has been robbed from the masses by these interested parties. A few men are made very rich, but agreat many are made poor. ' And yet," says the Bulletin, "It would be very difficult to demonstrate that the men who bold the controlling interest in these great mines feel bound by any strong obligation to protect the interest inter-est of the small shareholders, who are really co-partners in all these ventures. They do not know why the stock goes up or down, what discoveries discov-eries are made, or why dividends are passed while a large surplus accumulates, accumu-lates, or why assessments are sometimes some-times suddenly levied when the mine was supposed to be turning out enough ore to meet expenses." To day thousands are looking towards to-wards the Black Hills as a possible field where their fortunes can speedily speedi-ly be made. Y'et it ia an unknown un-known country; a desert; perhaps a myth. Impelled by hard times and that fever of speculative enterprise and the mania to discover the precious metals that is peculiarly European, a hundred cities will send ofl their surplus population to this new El Dorado. Before this horde the Indians In-dians will have to vacate. Hundreds will enrich the Hills with their blood aim uuues, uuiers win scatter Lnrough-out Lnrough-out the Rocky Mountains, helping to build up and settle the great west. Moralizing upon this subject the philosopher of the New York Sun says: Of all curses upon a people, mining wealth is the moil to bo d caled. When, years ag , wheat pushed bullion in California Cali-fornia irora its st ol, we had a renewed a ope for iu futnre, vnd we still cleave to it with an unlaiiing fith. To-day, it would b a priceless bk-isinj? to our moral:, mor-al:, to our pjwer,Mid o r happiness if we culd build a Chine.-e wall or di an isolating iso-lating ditch Hround this Black Hill country, coun-try, and ear-ait from -he vexing pick, the drill, and the glycerine, and turn men to the plough and tho hsrrow. This ia not to b.'. ihe wretched aboriginal possesses posses-ses of the sod re tj b- hunted and lioU' d"d to their mi.erablo end. The p'ight of a treaty is nothing. The sacred word ot honor which binas men and na-tiims na-tiims has no Cihesivo f-ree with us, with a people wasting like the mountain drifts in the sunshine of J une. Let the red man fill back upon his ultimate tranquility of state. And drram, admitted to hise-mal sky, Uu mi ih -ul d.-s boar iuin couipur, |