The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-22
TIE WALL STREET war.
Tho "Skrmsa" Bttwesn Daniel Drlv and
Richard Schell.
What tho Old Han Of tho Street Has TO Fay Of
Wall Street OF the Present Day as Compared
with That Of ''Lon7 Ago''-His Vsr-
sion Of the Row Between Him
and uncle Dick"


overshadowing influence OF tue general oattle waged
so furloasy during Wednesday and Thursday, did
not receive that public attention the "srreetv
which Their Importance deserved. People who arc
notvery well posted as to the ways OF Wall street,
its struggles ana It's riumphs, as general rule
near the ain OF the strife from afar; but they very
seldom get an hiking OF tho bitter aninosities which
spring every now aud then from he periodical CAM
paigns inaugurated by rival cn1ues, who hope, by
soma bold stroke or other, to amass fortune In
single day. DO the disasters to the weak
ana unwary what they may. Probably the most
lively sslrmish which took place during the
battle OF Thursday last was that between Daniel
Drew and Richard Schell, two money warriors,
whose past exploits on tho gold neld have become
matters OF monetary history. or course 1t Is not to
be eXpectea, when old and long-trled friends
HEROES or A HUNDRED BATTLES,
suddenly become enemies in the very midst OF
the carnage that the ordinary rank ana file.
who quarrel for Lesser stakes than their chiefs,
should know oil about the paus that arc lald
ana tho circumstances which cause q rupture.
Tho Drew-Schell skilmish was known to good
many when 1t took place, but how and why ana
by whom tho nrst sho. Yves fired Is as yet nays
terry to almost every survivor OF the great fight of
few days ago. HERALD reporter aware OF this
fact, yesterday paid visit 10 tho two skir-
mshcrs at ther respective residences Mr. Drew
was called upon frat. 1t was late at night. Tho
servant after peerlng OF the late visitor with half
suspicious eye he followed him 10 the second story
front room, opened richly carved door aud OH.
nounced his name In low tone OF voice. Mr. Drew
as seated In cayacious armchair, In front or
low.burn.ng IRE on the hearth, whose llc4erng
light, blending with that OF the dn.y lighted las
just apoyc his head. gave TO the odd man OF the
street," as he extended his EaAd III welcome, an
appearance VI venerable dignity quite Striking.
Aitet abiding IN general way 10 the Thursday
warfare Ia the stteet the reporter came Greet 10
.'Eersonalities,' and ineatlened the name OF Iii.
Seae!l
"Ah ~ said he, Frightening up as he threw
one leg over The other Ia q careless sort OF way ana
pushed MS goid eye glasses up W hia lore.lead An
MI. Schell ana dd see one another Oh Friday sure
enoGgh ~
bEfogrEa-wha. were the circumstances OF the
Air. DaEw.-wel', you see was down In Wall
street lnat day IN W. Coxs o1icc-I suppose you
know ala special partner III ColtsY
Tue reporter gave
and expressed hls utter ignorance ~ TO chat par.
ticlliar FACT
III WAS down there, continued the millionaire
nothing daunted w the Ycaortci's want OF irw
KnoWedge; land who should come fl bat 'Uncle
Dick.' lie Dc!ched right out az me The minute ne
saw Inc, and says hc:'co you're the ones locking
up money. are you; nov | want To tou you this
aid here he shook his hands up In the air in an ex-
cited way--ths ID tho last day you can show your
lace In Wall stree. again. give you lar warning
tnat AFTER to-day yoA'ii never get down mere again.
! 'Now, wasn't that nice taike" exclaimed Mr..
Drew, a. he look the gold specs OF his forehead and
4 placed them on q table near by.
The reporter, beng neural power, subject TO
| treaties much more binding than those Of zoo 70.
| Piled by violent lit OF coughing.
| "YOu must uDderstaad,u continued the t'old man
Of the street." rhar there's several persons IN
the ONCE but 'UncIo Dlck' didnt look to tpat and
| think or Now, surprising anything had happened
me on Thursday night, wonldn't 1t have been bad
| Tor Scheil. People would have given him all the
| credit icI any harm that might have come To me
whether he was ilaocent or not"
| RErogTERWhat was the provocation, Mr.. Drewp
Mir. DEEw-I1oyoeatlon! Why sir, hadn't any.
thing to say % him, good or bad. l had nothing
| against him; hadn't aud dldn't want 10.
| hEfoRrER-Dd Jon aud Mr.. schen not sec each
! other again during tho day when you were not at
| MIR. DREW drawing nearer to the fire ana reach.
ing for his spccac es While he paused Tor recollec-
tlon)Yes, We d.d Let me see, was going to lunch.
! think 1t was about three O'CLOCK. ana Was
turning into Broad street he met me again
REP0gTEG-- You refer TO Mr. SchellS
Mr. DREW mean "uDc!e Uick,' yes. He cana
up TO mo and raised his hands in such tlreatn!ug
way that sono folks thought he was gong 70 strike
me.
| REroRTER--Dld he speak to you?
Mr. DREw--Spea1 to me Well. should think no
ACTED LIKE A MADMAN.
In fact nevus saw him 80 excited In my life ana
pye known 'Uncie Dickn for, let ME see twenty
thirty, forty, yes fill lofty years.
REPogrBa-ne did not lay hands upon you in any
way, notwithstanding hts excitemensY
The m,l.ionna.re smiled o grim smile ut this, and
settled himself more firmly than In his char, as
though hmH preparing for an on3Iaughs from Ills
lie DID not forget himself SO ar as that, say
III nc lad---
IsEYoRTER-f ne had?
Mr.. DREwI he had there would have been
Well some people thought he intended to strike me-
ana after the trouble advised me to have him
arrested, to prosecute him, but l didn't pay any
attention 10 theni Tor haven't got any III viii
against "Unce Dck." But never saw him In such
state as he was mat dag. knew ir was OF no use
TO have anything to do wit,l o IDadman 80 | dln't
answer him word He made susl an awful Time
thai forty or fifty persons got afouaa u.s.
RI q
Mr.. DREW (snhnsl--No not exactly; but they
crowded ana hustled about 20 hear ana see what
was going on, 20 weat on about ay business. Tho
worst OF ID was he CO led me AL sorts OF bad names
look a. The o.d rascal" sald he, pointing at mo
dfsl; 'iic's the villain WHO'S come down here to
BUN MEN By HIS RAsCALlTTs.
les the one who's locked up the money So as to
bring disaster on others 1"
REPoRTEa--How 60 you account for Mr.. schcll's
conducf towards your
mr. Dagw--Wel, | really don't know what TO
think "a 1t. guess, though, that be was long Oh
them SOCKS ald ieit pad az the state Of the market.
REPORT Es.-Ne accused you OF locking UP money.
NOW, u IL Is y faif question: was that accusation
well foundode
Mr. DREw-why. don't zee rs 1 had anything 10
do With the state of the market. | don't operate
any more aud haven't for long time.
REPoRTER-Do ! understand You to say you did
Mr.. DREw-WelI, the Cox nrm had a little money,
or ratherI had, and | advised putting 1t by for a
put 1t IN the Eechanlcs' Bank. don't see, though,
as u Was any OF Uncle Dicks business what do
Win WNat money l nave. III mans got Il little
capital he can do rs he peases win II, think. DO
you suppose had 70 ask Nh. 5chell what should
40 with 1t or where ought TO depositf
REroRrER-fou did place. then, large amount
In the Mechanics BanRS
Mr.. DREwI didn't put much. As said before.
Iput by SOMEONE or two millions. Why, II what
littlo money had could raise the devil IN Wall
street. what would ten or fifteen millions dor
Tho reporter, overwhelmed by the ,,oncf0,ant
wny In which his interlocutor talked OF millions Of
dollars, as though they were so many coppers, Tor
the second time expressed himself very ignorant.
why" continued the Old man, ''Wal street Is
not what it used 90 be In oil, times A man years
age. beiore the way business now goes on down
there goL wei INTO play could know where he
WIS at least, he could layc an idea or what Kind
Of ground be stood upon. Idont mean OF course,
thai he was always sure OF eyerythin. he under
took, because that would be a5surdu
REPoRrEI-II understand yon 0rlght, Mr.. Drew,
yon 90 not approve OF the way Wan street alalrs are
carried on n0wadays-ln fact, that the system OF
business IS rot q sound once
Mr. Drew raisaG his eyebrows at this and, shrug-