Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-05
Vanderbilt, IOhn MOrrissey and
George Francis Train.
They are interviewed by a World
Reporter---The Result.
A Clearing House to be Established. .--In
functions.

/ the United States Circuit Court for y, 800,
/ OOO-the difference in 81, ,OOO, 900 in golC
sold by them through Albert speyers a
100 on Friday to Fisk & Gould.
VANDERBILT INTERVIEWED.
A reporter of the New York World
| on Thursday, after great deal o.
/ trouble, secured an interview with
! VANDERBILT, with the following re
suit:
/ Reporter" Well, Commodore, have
! been sent 10 obtain from you any views
which YOU have formed on the present
1 crisis in the money market
A shake OF the head said No;" the
I eye, although endeavOring 10 say the
I same, said, quite as strongly, u know
TOO much, too much, indeed, about this
thing, but you don't catch me Just yet
no indeed, young man, not il know my
self. and think l do" so Othe lips moved
and said;
- really don't know what to think
of it."
Are we, in your opinion, likely TO have
such serious commercial reyulsion, pro-
ceediug from Wall street and affecting
other channels OF trade, rs swept over the
country in 1872"
"Weil, now, really, sonny wouldn't
IL be glorious to be the sonny" of $780,
OGG ,e00Y) Il really cannot tell you any
thing. l don't care about forming Opin-
ions. Al LCs rant IS 10 protect OHrSeiceS." "
Here was an opportunity to get at some
thing, so the questions: Against whom
and in what was this protection needed
were almost ready when the Man Friday
pat ia his liugual oar.
What opinions do you want?"
Il stated very clearly to Commodore
Vanderbilt thar my inquiries were in ref
erence to the present crisis and its pr0Ga-
bic adjustment"
Crisis be hanged. tell yau there
amt no crisis. There IL only a crisis In
the newspa, ,Jers. II amt anywhere else -
This might have been immensely salts
factory to the person who uttered il, and
as II Is news it finds place here; but fur
theT conversation with him was likely to
result ia similar information.
Turning to the eo6ftaous old Commo-
dOre, some leading questions Fere again
put. with the iHVaFiable result:
Il don't know nothing, sonny; | don't
know nothing. I've no opinions, and I've
no facts"
VANDERBILT
This isthe man the bears have torn,
That married the maiden all fOrlOrn,
That took the Wall Street bull by the
horn,
That tossed Jim Flske, that worried
Dan Drew,
That lost the rat that stole the stock
That lay in the house that Vanderbilt" /"
JOHN MORRIssEY INTERVIEWED.
Another of the Worlds corps called
on the Ex-Pugiiist MoRRIssEY with
this result:
RepOrter-Mr. MOrrissey, what is your
opinion aa to the cause of all this trouble2
Hon. John-Oh, IL was caused by those
people over there waving big arm across
the street towards Smith, Gould 8 Mar
tins.
Reporter-You mean Smith, Gould 4
Coz
Hon. John-I mean Fisk, Belden, and
the resi- OF them. They are the cause Of
it all
Reporter-Do YOU think that they will
come out all right and make money out
of it?
Hon. John-I cannot tell; they won't
show; they stay up town. You see this
thing has been going on for long time; I;
it dates a good while back; it began when
Lockwood commenced 10 fight Wander
bilt.
Reporter-TIas the Commodore lost
much money by the fall IN Central?
Hon. John-Oh yesl he must have lost
great deal of money, but be will come
out all right, he VIII buy in while the
stock is down. and average his stock; you
see. everybCdy that had a stock that he
Thoughts well Of had to lose, no matter
what they sold al il they sold at 200,
they'd buy back st l6O, If they sold at 80,
they'd buy back al 80; they had 10 lcss,
stock kept going down, there was no re-
nuperatiOn at all, there was no reaction,
they stood TO lose all the time.
spOrter-N hat is ygEr opinion as to
prices of stocks nOWY
Hon. John-WeI, think the worst is
over. l think stocks viii touch bottom to-
day.
Reporter-Then if a man bought to-day
he'd stand TO winy
Hon. JOhn-Of course.
Reporter-How about Smith, Gould &
Martin?
Hon. John-Thers's about twenty dep
uty sheriffs over there in front Of their
door; now that's terrible state Of things,
isn't itg The whole thing Is terrible;
hundreds and thousands OF people viii
be ruined by this panic. II has not been
f9r The last Two or three days a question
Of mskilg money or losing il; il has been
a question OF preserving credit-that is.
mean among respectable houses. People
that are perfectly sound have bad the
greatest di1lculty in meeting their sn-
gagementS, and that is the great thing
ROW, 10 keep their heads above water IN
til the storm passes over.
If il viii do any good you may say from
NE that think We have seen the worst Of
it, I think that stocks will lookup from
to-day, and the rise will be as rapid as the
fall yas, and those that eau hold out and
weather The storm viii have chance TO
make a good deal OF money, But there
are plenty Of them that viii never get On
their feet again. don't pretend to know
any more about the matter than any one
else, but those are my views about it.
TRAIN Is INTERVIEWED.
GEORGE FRANCIS TRAIN was also
interviewed bya IIOrldrepOrter, when
be turned himself loose in this style:
Repouer-Mr. Train, want to know
about matters generally, and what you
think about the state OF affairs?
Mr., Trajn-My Idea, sir, is short and
simple.
Reporter-Flease let me have It.
Mr. Train-What will you begin with.
RepOrter-Well, the state Of tho market
Mr.. Train-The worst is vet 10 come.
firmly believe the beginning is just COM
menGed,
Reporter-PheH you think there will be
other failures.
Mr.. Train-Of course there will, Why,
my God! Just look aroBnd; look at the
failures up TO the present; look At the
open handed robbery you SoS the Traces
Of and you must infer there viii be fail
ures. tell you, sir, this whole street and
its surroundings are bankrupt. All those
banks and life insurance companies, with
their Plate-giass windows and tiaring
chandeliers, ike London gin-mill. have
sunk every cent of their money wears
ago. The shell hf to3een there since lS6I.
say the whole thing is rotten-rotten as
heiL
RepOrter-Then you think the fabulous
stories about enormous sums of gold
being locked up are falseT
Mr.. Train-Of course they are. The
whole affair has been wash right along.
RepoFteT-What about Smith, Gould q
Martin having six millions Of gold locked
Hpf
Mr.. Train--I don't believe it, Six mill
lions of cash gold are no more there than
they are in your pocket.
RepOrter-Who are the gofd gamblersi
Mr.. Train-NOt Fisk and Gould, not
Belden, not Speyers, not any of those, but
the goUerRment. The Government is the
great gold gambler,
Reporter-HOw SOY
Mr.. Train-It has been at the bottom ol
all this. II has been the cause OF 2 rise OF
80 10 10 per cent. on everything That the
people use, from its idiotical, insane leg.
jslsIion. When brokers pay their duties