Abstract

Editorials

The article presents political and economic updates of the U.S., as of March 13, 1879. According to that lively but simple patriot, William E. Chandler, who has been "hanging his banner on the outer wall" in the newspaper "Tribune," the U.S. is on the verge of another attempt at "revolution" by the Democrats, which is, however, to be resisted by U.S. President Rutherford B. Hayes in a most unflinching manner by the use of the veto power. In another update, it is safe to say that no consequence of the panic of 1873 has been so grotesque, as well as disastrous, as the appearance of a Catholic archbishop in the character of a bankrupt savings bank. His failure illustrates in a curious way the nature of the mania for this is the proper word for it, which preceded the crisis and brought it about.