The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-25

On the arrival Of Mr.. Cave in this country
the HERALD gave sketch of his services in
Parliament as Woodworking member of the
party of English reformers headed by John
Bright. Although sturdy radical in politics,
Mr.. Cave is personally intimate with leading
members of Lord Derby's Cabinet, and, in par
ticular, with Mr.. Disraeli. In the financial
world he holds an eminent position like that
formerly held in England by Hudson, the Rail-
way King, and by Sir Morton Peto, during
their palmiest days, and that held here by
George Law and Cornelius Vanderbilt. He
has been connected rs member or director
with forty-two financial establishments in Eng
land which have all proved remarkably sue
cessfal. Sir Morton Peto and his gay and
festive party, who, not long ago, whirlel
through The United States in cloud Of gold
DUST broke down after their return home.
Not less than five million pounds sterling of
debts and liabilities are said TO have been in
voIved in the great bankruptcy case of Peto,
Bolts and Champion. But tho solvent es'ab-
lishment with which Mr.. Cave was connected
survived, and now seem determined aud ready
to carry out their plans with greater vigor
than ever. The financial panic which over
whelmed Sir Morton pc.so anu ns5 trends wss
fatal to many companies and individuals.
They went under with loss of at least two
hundred millions. An immense amount Of
capital was thus liberated in England. Money
can now By easily had for two and half AMI
j. offered in the open market az one and
hall NV cent t. r----- ~" revnls.on -
hau Pc ~" rrrnvv Vs. y uas
been st,ll more starting. :" aeSh France and
iansiand IL is, financially, low water aiser a
storm. To collect the precou, capital now
aaoat, and to turn it to new and grand uses at
home and abroad, is the ambition of Mr.. Cave
and other influential Ananciers. They are fa-
miliar with the incalculabe resources of the
United States, of which Sir Morton Peto pub
lished so glowing On account in q lively mar
rative Of his American tour. Mr.. Cave par
ticulorly has made the United States the subject
Of special and thorough study. His intelligent
and friendly interest In American affairs has
been evinced by his speeches in the House Of
Commons as well as by his recent dinner
speech at Washington. Having visited this
country as one of four members Of Parliam ent
appointed to investigate the condition of the
Atlantic and Great Western Railway, he is now
on his way to make a personal inspection Of
that great road. Since his arrival he has been
busily engaged in mastering all the details Of
that enterprise, together with the details Of
other important railway interests, directly or
indirectly connected with IT, He Is in consul
tation with certain capitalists with reference to
project for building new branch to the At
lantic and Great Western Railway, 80 as TO save
the travelling community much time aud ex-
pense, by shortening the distance to St. Louis
over hundred miles. The visit Of Mr.. Cave
to This country will doubtless facilitate and
increase the investment Of English capital in
American railway enterprises. and favorably
affect tho financial interests Of both England
and the United States.