pawnbroker and flourishes best during periods of business
depression, also has something to say. Whether the former
receives any dividends or not the latter must have his interest,
and the more of labor products required to pay it the more he is
enriched. The railway bondholder is usually the party who holds a
$500 mortgage on a $10,000 farm. Crops may fail, the hogs get the
cholera and the poultry die of the pips; cotton may go down and
cloth go up; but the sorrows of others cause him to lose no
sleep. As I have hitherto pointed out, we have it on the
authority of Mark Hanna's newspaper organ "lower wages are
certainly a feature of the new prosperity"--that the American
workman need not hope for permanent employment until willing to
accept the same wages paid "the pauper labor of Europe," from
whose disastrous competition the Republicans solemnly promised
him protection. If Supt. Trice is reducing wages and overworking
his men it may be accepted as certain that he is compelled
thereto by a higher power--that the edict has gone forth that the
employees of the I. & G. N. must work longer hours for less money
that interest be paid on the $15,000,000 which the blessed
"business revival" added to the value of Mr. Gould's securities
while he was idling about Europe.

* * *
SALMAGUNDI.

The daily press announces that there is to be another Cleveland
baby. It is to make its debut some time this month. "Mrs.
Cleveland has been sewing dainty garments all summer." "Presents
of beautiful baby clothes are arriving from friends and
relatives." Same old gush, gush, gush! slop, slop, slop! that has