The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1865-03-17
Where the people Put Their Money.
ONE nays suBsCRIPrIo

A correspondent Of the New York Tribune
gives very interesting account OF the way
business is managed BY Messrs. Jay Cooke 4
Co.. Of Philadelphia. the agents for the sew.
en- thirty loan. We condensc his letter and
give our readers the result:
PHILADELPHIA, Feb. 1865.
Stephen Gimrd's Bank in Philadelphia.
elbows Jaw Cooke & Co. 3 fat up against the
Evening Bulletin. The Evening Bulletin
squeezes Jay Cooke 4 Co shack again against
Stephen Girard's, and then makes all the
noise il can under jay Cooke's & Co.'s. with
power presses and u steam engine, and sets
types and writes editorials and tramples with
boots above Jay Cooke & Co.'S. Jay Cooke
& Co.'s in Philadelphia, suggests the idea OF
difficult acquisition long ago, OF q narrow
front.room in which to do banking business
of an extension OF this territory in time
by the aid Of u carpent,r skilled in door
making, into a smuggery behind, for conf.
Dental communications-of subsequent &C.
QUESTION by purchase Of right to cut a
door through the partition-wall Of little
room straight beyond, that somebody pos.
sessed-oi a subsequent growth sideways out
Of the smuggery through another partition
into little room where seemingly the Bulle-
tin once kept very small and very tame dew
il-and afterwards and from sheer force ct
assmilation this little room seems to have
insisted upon the company OF another little
room, living at right angles to it; and the
carpenter was sent for and they were married
through doorway.
IL is bright noon now, and bright sunlight,
out in South Third st. Ii is bright gas'light
i'm this last little room. and it is as hot as an
oven. Three big burners arc agoing, and
there are four clerks with pens agoing. fou
feel that they have come to high moral un'
Outstanding not to jogg'e each other in their
work. and that they each have got tavcra'
BILE arrangement with an optican Tor glass
eyes, when they shall have got blind in this
fiery light You have sense OF just going
to upset something, walk into something.
knock something down. in some way to de.
range the finances of the United States OF
America, IL you move in this little room. or
turn your head, or even wink strongly. You
are stunned by seeing little telegraph boy
with his message.book held to his breast with
both hands, rush in and rush up to clerk
with military wiskers and give him dispatch
and then turn with hardened indifference
and commence the chewing OF gum, which
he irreverently brought into the place in his
cheek. The dispatch is read and rcceipted
for, and the boy vanishes with stop OF I'm.
mense business, but chewing. The ribbon
of paper which he has lei. behind him is an
order for half o million Of Seyen-Thrty
bonds.
IL is noon at Jay Cooke & Co.'s. Inside
the parent front room Of all these little back
and side rooms, the narrow space between
the counter and the wall is crowded with
people waiting to be waited upon. They are
Of all classes, and Of all degrees, and all col
ors. There are black men in Jay Cooke X
Co.'s, and they hold money in their hands
and there is a soldier there. and there is an
officer lame. yet with an upmistakable mir OF
command and guardianship; and there are
Quakers, who look annuity, and coupons,
and peace and goo lncss. all over them and
there is a clergyman. and n woman that sews.
and sews by gas light, | will wager, and
three women who sew not neither do they
spin, but who make investments; and there
are mechanics. one with his dinner pale
and there are two inpatient brokers, who
take little walks in small circles, and pull
out watches to see what's O'Clock. Their
time is money. A slow stream OF people
putting something away in inside pockets.
comes out from the second room and tiows
into the street. A new telegraph boy with
that peculiar stride of liie-or-death haste that
nothing must obstruct, butts into the crowd,
and opens his book and handles his Dispatch
e. as he pushes through to the turmoil into
the little room where the Bulletin once kept
a tame and tiny devil, mate To the little
room where you fear to move lest you smash
the finances of your country.
"Come here. boy here, here. here Let
me see how they come in" rings out joy
Gus, magnetic voice, in which command
clearly mingles with laughter. Tho lad
turns and buts his way into room No. 3.
straight from the sidewalk. in which
is great deal Of shadow cast by old Steph
On Girard, two tables piled with manuscript,
a sofa, eight chairs, bundles OF blanks, and
two men busy with pens in their hands. One
Of them is Jay Cooke.
81 like 20 see how they come in, my son
The boy delivers his dispatch. 1t is opened
and read Second National Bank. Chicago.
Sl42, 900. THAT is another rope to tie the
West to the East. Take it into the side
room. my child:" and the speaker resumes
his pen and writes rapidly. lie is large
man who gives you instantly the impression
of not having done growing-of having a
great deal Of youth struggling behind his
manhood, and that has not yet marched up,
but is going to come in soon, and camp right
down on the table at which he is writing.
You don't see 1905 in him ut your FIRST
look, nor 10 40's nor 5-20's nor any finance,
nor any craftsmanship, nor any power. But
YOU do SEQ as you linger over the sweetness
and tenderness OF his mouth, the boyish
freshness Of his eyes, the boysh weight md
disorder OF brown hair, the childlike bright
ness OF ewes behind whose laughter you see
thinking going on, the superabounding sup
plencss and quiekness Of full-musclcd boy
hood in large mans motions. Certainly
that man shall quit banking soon and play
leap-frog. You arc sure OF it. Tho bust
ness Of raising the money TO carry on war
that eats up thrce millions day, you are
sure that he will stop 1t in just three minutes
time, and let iy out OF him several hundred
cubic feet Of uncontaminated. blissful New
England District school joyousness, in pre-
tending to be church organ playing Old
Hundred, with variation OF Yankee Doodle
running furious foot.races which sermin-
ate in wrestling-trotting with unbroken
wind up snow hills with the empty sleds oil
oil the girls in the District-backing the A
b q toddlcrs through tho deeper drifts with
purposely accidental falls that wet only him
self, but make immeusity OF shouting and