The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1868-04-10
FEW YORK CORRESPONDENCE.
[,.ox TIE APpnAL's SPECIAL CONTRIBUTOR.
New York, March Is, 1868
THE "HRIR" FIGHT.

vengeS IN w All street d. we'll a. AZ SsAA~A ~
favored localities. A few years ago the Ne"
York Gold Exchange was spoken Of as the
" Coal Hole Gold brokers were stigma
tised as Jew money-changers, Shy
locks" "Skinners," &c. No term of abuse
was sufficiently expressive of the contempt
these creatures were held in. Yet during the
week lust passed no less than four of the
leading journals of this city and Congress
men and Senators of various degrees, have
referred to the gold market as that never
failing barometer of public opinion Never
were newspapers and Congressmen more
greatly in error. The great battle of the
greenback giants, now being waged with such
relentless fury between Vanderbilt on one
side and Daniel Drew on the other, for pos
session Of the Erie railroad, with its great
tributary connections to the West, absorbs
the attention of our people just at present
All Wall street, yes, in fact, all Gotham are
taking sides in the controversy. The two
roilroad kings have suddenly become as
famous for daring deeds as Dick Turpin the
highwayman found himself one morning Cd
his way to Newgate, the observed of all OBJ
servers. The governing motive which
prompted his exploits on Bonny Bess were
precisely the same as those which govern
the movements of our Wall street feudal lords
Of mammon. Congress and impeachment,
for the time being, are forgotten. Recon
struction has been postponed. How IS Erie:
is the common salutation Of the street, in the
gilded saloons, the contingencies, and even
whispered between the periods of prayer on
the Sabbath in church. Public opinion,
forsooth Why YOU see it here personitied
daily, both in Vanderbilt and Drew, backed
by their heavy artillery reserves of fifty mil
lions of cash capital each at their command.
One outbids the other for the Erie success
sion, while the stockholders stand back ap-
palled at the skill and cunning displayed on
both sides to throw them overheard. The
power of feudalism is exemplifed in the con-
troll Of great monopoly to-day as it was in
the 10th century. Erie stock is now made to
fuctuate ten and fifteen per cent. daily, as the
tide of battle shifts and changes; thousands
are lost and won every moment of the day,
and hundreds of verdant outside operators,
and simple-minded dupes, beggared beyond
hope of redemption. One side or the other
must break down before long, and then look
out for squalls.
IMPEACHMENT SPECULATION.
The anti-impeachers point to the rise OF
gold from l4l to IA as proving how unpopu-
lar impeachment is. Those in favor of i'm
parchment point to the fall of gold from IA
to l4l to prove that impeachment, once de-
- Id 1,C bod nj
peace Just now it is said that, SO soon as
the President is actually brought to trial,
gold will fall five per cent; and again that If
he is brought to trial it will rise. Hard to
say which is right.
THE GREAT PACIFIC STEAMSHIP COMPANY.
We find some very interesting statistics
in the Annual Report just rendered by the
President OF the Pacific Mail Steamsh ship
Company. 1t is probably the best regulated,
as it is the largest steamship line in the
world. The China trade alone, between New
York, Panama, San Francisco and the ports
Of the Celestial Empire, ria Japan, is in
creasing to such an extent, that il is found
necessary to lay on extra steamships of the
largest tonnage to accommodate the constant
stream Of traffic setting both ways. Some Of
their vessels are over five thousand tons, and
next to the Great Eastern, the largest steam
ships III the world. When the China line
was first started it was thought that the Gov
eminent subsidy of half million year was
inadequate to sustain the line on scale suf
hcient to enable it to successfully compete
with the English steamers OF the Oriental
and Peninsu!ar Company. Now the profits
are found to BE- more than ample to provide
for all emergencies-whi.e the latter line is
scarcely paving running expenses. The
gross receipts of the Company for the year
ending January, 1868, were 81, lJl ,352. The
total net earnings during the past seven
wears, amounted to within fraction of fifteen
millions Of dollars, which was mostly paid
awav II dividends.
They have also constructed twenty-five
frs, class steamships, and four new cnes are
now receiving their finishing touches On the
stocks. The total assets Of the Company IN
ships, coal, real estate, &C., amounts to the
snug sum of thirty millions. In the char
acter Of the vessels aflOat-in their enormous
earnings, and for the general management OF
the li,le-the Pacific Mail Company takes
precedence of all other steamship enterprises
the world over. When the overland railroad
is completed the bulk OF the European traffic
between the Orient and the Old World viii
be diverted, from the Mediterranean to our
own shores. America may justly feel proud
Of the growth of such a steamship line.
LIVE PRINCE.
Prince Phillipe Of SAKE Coburg. a cousin