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Editorial
November 22, 1860
Centre Democrat
Bellefonte, Centre County, Pennsylvania
What is this article about?
The editorial metaphorically declares the collapse of the 'Democratic Spoils Company,' criticizing the Democratic Party's corruption, fraud, and insolvency, sustained by public plunder until its recent dramatic failure, leaving creditors with worthless assets like broken platforms and bogus principles. From Burlington Hawk Eye, November 10th.
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The Democratic Spoils Company Failure.
It becomes our duty, as faithful public journalists, to announce to our readers this morning, the total failure of the great Democratic Spoils Company. It has been in a tottering condition for some years past, but has been held together by the cohesive power of public plunder, until Tuesday last, when the concern exploded with a tremendous crash. A powerful effort had been made to procure an extension on its creditors, but a conviction of its rottenness induced them to peremptorily refuse. The failure is one of the worst on record. Extensive frauds are known to have been committed, running back through a long series of years. The concern will go at once into liquidation. Creditors will realize nothing whatever on their claims, the assets consisting only of broken platforms and bogus principles, all of which are worthless. Burlington Hawk Eye, November 10th.
It becomes our duty, as faithful public journalists, to announce to our readers this morning, the total failure of the great Democratic Spoils Company. It has been in a tottering condition for some years past, but has been held together by the cohesive power of public plunder, until Tuesday last, when the concern exploded with a tremendous crash. A powerful effort had been made to procure an extension on its creditors, but a conviction of its rottenness induced them to peremptorily refuse. The failure is one of the worst on record. Extensive frauds are known to have been committed, running back through a long series of years. The concern will go at once into liquidation. Creditors will realize nothing whatever on their claims, the assets consisting only of broken platforms and bogus principles, all of which are worthless. Burlington Hawk Eye, November 10th.
What sub-type of article is it?
Partisan Politics
What keywords are associated?
Democratic Spoils Company
Political Failure
Public Plunder
Frauds
Liquidation
Bogus Principles
What entities or persons were involved?
Democratic Spoils Company
Editorial Details
Primary Topic
Failure Of The Democratic Spoils Company
Stance / Tone
Critical And Satirical
Key Figures
Democratic Spoils Company
Key Arguments
Total Failure Of The Democratic Spoils Company
Held Together By Public Plunder Until Recent Explosion
Effort To Procure Extension From Creditors Refused Due To Rottenness
Extensive Frauds Committed Over Years
Concern Going Into Liquidation
Creditors Will Realize Nothing
Assets Consist Of Broken Platforms And Bogus Principles, All Worthless