Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-03-15
THg SEYEN.THIRTY LOAN.
a Day In Jay Cookies Ofiee.

Ii IS noon 81 Jay CooRe q 20 8. Inside
the frOntToom, the narrow space between
! tho counter and the wall is crowded with
| people waiting to be waited on. They are
of al classes, and all degrees, and of all
colors There are black men in jay Cooke
& Co.'s, and they hold money in their
hands; and there is soldier there. and
there is an officer there, lsme, yet with an
unmistal1sble air of command and of gusr-
dianship; and there are Quakers, who look
annuity and coupons, and peace and good
ness, al over them; and there is s clergy
man, and 3 womsn that sews, and sews by
gas-dght, 1 viii wager, and three women
who sew not, neither dothey spin, but who
make investments; and there are mechan-
les, one with his dinner pail; and there are
two impatient brokers, who take little
walks in small circles, and pull out watches
to see what's o o'clock. Their time is money.
A slow stream Of people putting something
away in inside pockets, comes out from the
second room snd flows into the street A
telegraph boy with thst peculisr stride Of
life or death haste, that nothing must OBJ
struct, butts into the crowd, and opens his
book snd handles his dispatch, IS he pushes
through 10 the turn-ofinto the little room.
"Come here, boy l-here, here, here! Let
ne see how they coma in, rings out joy
Gus, magnet voies, in which commsnd
clearly 1ningles with laughter. The lad
turns and butts bis way into room No. 3,
| counting straight from the sidewalk, ia
| which is q gTest deal of shadow cast by
old Stephsn Girard, two tables piled with
manuscript, q sofa, eight chairs, bundles Of
blanks, snd two msn busy with pens in
/ their hands. One Of them is jay Cooke.
81 like to see how they come in, my
SON" The boy delivers his dispatch. Il
is opened and read Second National
I Bank Ghicsgo, $4,000" "Thst is an
other rope 10 lie the West to the East
/ Take It into the side room, my child !" aud
/ the speaker resumes his pen and writes
| rapidly. He Is a large man who gives you
/ instantly the impression of not having
| done growiDg-of having great deal of
youth Struggling behind his manhood, and
| that hiss not Yet marched up, but IS going
to come in soon, and camp right down
! on the table 1T which he is writing. You
don't see 1905 in him ct your first
| look, nor 1O-4Os, nor 5-20s, nor any finance,
nor any craftsmanship, nor any power
But you do see and you linger over the
/ sweetness and tenderness of his mouth, the
boyish feeshness Of his face, the boyish
weight and disorder of his brown hair, the
chiliHlze brightness Of eyes behind whose
laughter You see thinking going on, the
supaTabounding suppleness and quickness
Of fUll-nuscled b0yhooi Ia q large mans
MOTORS Certainly that msn shall quit
banking soon snd play lesp-frog. You
are sure oft. The business Of raising the
money TO carry on war that estsup three
millions 6 dsy, you are sure that he will
sop in Just three minutes time, snd let
fly out Of him several hundred cubic feet
of uncontsmnsted, blissful New Hnglsnd
District school joyousnoss, in pretending TO
be q church organ playing Old Hundred,
with s vsristion of Yankee Doodle-run-
ming furious foot-rscss which terminate il
wrastliDg-trotting with unbroken wind
up snow bills with the empty sleds of all
tue girls in the Dstrict-baeking the A.
B. c, toddlers through the deeper drifts
with purpossly accidental falls that vet
only himself, but make immensity ofshout
ing and laughter in which the hills join.
His pen Is going. The lame officer comes |
il, takes gold out Of his vest pocket, five
double esgles, and jingles them. rOne of
my men asked me to bring this in this
officer commands "a camp of rendezvous and
instruction for cOlored troops "and put it
into 1905"
"Tardy repentance, COLONEL But the
white gold gamblers have been caught in
the same way. Better late than lever,
though.
"And another, has given me $500 to in
vest"
"Hurrahl Ah, Colonel, It is not alto
gether a white mans war, is It? lam glad
TO have black soldiers take the Government
Loan. The su description should run. like q
cord through the whole country, tying it
together, making one interest," removing
prejudices, and solidifying the nation"
q new telegraph boy rashes in, hidden
nearly il grest coat and wheezy SIS to his
respiration, the spur of pressing in pHrtanee
roweling him deep. He throws down his |
dispatches, thea folds his book and plays a |
tattco on the cover, and employs his leisure |
eyesight to hunt the ceiling over TO see |
where the Seyen-thirty IS kept, and not |
finding It there settles hislook and his faith |
upon Jay Cooke IS the Seven-thirty, and |
listens to him with rev5Fsnce.
"Keokuk, Iowa, $4,000 That's well off /
to snndown. Goodl Lowell, Mass, $I7,- |
coo. Good alsol That's from the factory /
girls. BIcUonnelisville, Ohio, $20,5O0,
nearly all In iffties snd hundreds. Lsfay-
cite, Ind, $40, 300. Augusts, Me-, Louis
villa Kentucky, Dss MoInes, Iowa, $40, 600
Won't somebody just tell me where will be
the repudistion OF the National Debt that
is diffused East and West and North ard
South"
There is an army Of banks, bankers,
brokers and agents engaged in the work of
this Seventy-Thirty Loan.
They number between 1000 and 5000.
Every man of them hiss the necessity OF
asting, and Of being clothed, housed, and
warmed, and has lively prejudice in IA
voT Of wages. jag Cooke pays every one
Of them out Of his private pocket. Here
is his account with the Losn and the ma
chinery thereof and it IS noteworthy.
The Government pays him of per cent.
for the first fifty millions he sells, and { of
per cent for the second fifty millions,
and the residue. The Government puts on
him all the losses, all the risks, and all the
expenses. Now, cut Of that small commits
ion of Z first, and afterwards {, be pays to
ne sub.sgent banks and brokers z of l per
cent, Then he pays for all Of the teie-
yrsphing incidental 70 the business, and
t is awfully costly. Then he pays all
he expenses Of the travelling sgents-pays
Ill the expenses of advertising (and nearly
avery psper in the country ''displsy-heads"
ne L so, ], 8ll' the expenses of clerk hire,
.xpress charges, blanks, circulars and the
iistribution and posting Of hand bills.
Less than one eighth Of. one -psr cant. re-
mains in his hands at the end, with the i'm
nense risk and the enormous care and labor
# so Ysst and driving business. In Eu-
'cpe, on the other hand, the banker that
,pens his doors only, IS a medium of Dego-
istions for. Government loan, is paid from
[ to p per cent. 7 take it that the mex
Of this Seyen-Thirty Loan is a
esture of it, as well as its popularity.