The New York herald., 1871-12-01
Total receipts for the fiscal year. s3l 4N 81
HOW D1E5 SCH HaNCK STAND?
PHILADELPHIA. Nov, 20,

PHILADELPHIA. Nov, 20. 1871.
good many interested lcopie are asking the
above conundrum just now, some entcrprising
journalist having discovered that our Minister to
England had entered into mercantile business
while representing the nation In Great Britain NO
one has as yet attempted to air his opinions on the
subject without conveying the impression that In
his own MIND, he AID ne alone mas the !
ONLY CORRECT INFJaxArION Z
With desire 10 procure an authoritative state,s
ment OF General Schenck's real position in
the premises your correspondent called on Mr.;
Jay Cooke this morning. who, II has been said.
could tell, if he would, just how far Schenck hldl
gone In his specuai0ns and intercourse with busf-J
ness men, with view TO enrich MN SELF at the eSs
pense OF his ohcial dignity-"0ilcial dignity" -
what they call 1t IN the Pnade pnia social status.
Ring" Mr.. Cooke was, as usual very busy, but, al
usual he received the HERALD representative aG
once.
"Mr Cooke" said "wil you tell me Just wlias
Pacific Railroad may bey'
"General ScneDck has no connection with tho
N0rtnern Pacific kailrOal," replied mr.. Cooke. y
.'S0me OF mis- journalistic ir.ends have been
taking liberties Win his lame, tnen, ~ well aS
yours"
''What do you mean ~ said Mr.. Cooke. /.
II mean that have seel it explicitly state d that
an iurSer ,ha he wo sIc s,y yIy aw rs,nr
America and act IN that capacity for ine corporation
winch you nnanclanJ rcpIescnt.h
"Wel, the General certainly mas done some bu5E
ness Tor the Northcrn Paenc road, but not In legal
Capacity. The road has nLd no legal troubles, aud
we have had no need oil lawyer, but 1t is neccs-
sary to have sone one at Washington to look afer
the interests OF sncn corporation as The Nortll-
ern Pacific Railroad. aud General Schenck
for us there. lie had every reason to beilevo
oos alter se IGs @ aa % n nat .,
would nave been so employed mad nc cnvsen to req
main; Dut his intimate acquaintance with ali thC
questions relating TO the
TREATY Of WASHINGTON, 4
and his undQpbted ability as u dplOnat and stateS5
man induced the President t,Asecci nIm ~ our rcpJ
rcscntative IN England. General Scncnck rs not
rich man. lie told General Grant before he AGA
ceptcd tns position that nc Was getting oid that ne
felt tnat he ought to make sonlc provision Tor old
age; but Grant was desir0us ttat he should go 10
England, and he went. II, as has Dccn SAID, lc mas
been engaged In speculations IN
THE EhMA MINE STOCK 4
what right has any one to blame him9 Thurmanv
Col1ax and other senator's anu Con lrcs5Iacn anI
Governors oil states even all over the country are
engaged In money -maSiig operations vi one Kind
or another, and Lney are not Only llshJ, but very
senslbly In 80 doing Wnile as ! have SAID. ell.
dOrse Mr.. SchenCk In llIs Efforts To uakc money Z
cannot say think mining STOCKS safe inveslnent.:
although, from all 1 eau near, this nInc has pros
duced wonderful results, aud all tnat u ~ been said
IN ts favor - probably true YET, Tor an investments
there are but tnree safe things tar rs my cxpc.
RAILROADS, GOVERNMENTS AND REAL ESTATE.
However, he continued, .whalevcr Generatf
Schenck has done has bccl done alter mature de-
liberation"
..Spcaking OF railroads.&c. said. '.whcre Is tho
Northern Pacific constructiou Train al plesentr
just received Informs me that tue snow storm haa
delayed the construction train lor day. The end
OF the track will PROBABLY reach the Red River IN
Saturday-240 miles west of Duiutn.i
Two members OF the Alexis deception Committees
were here announced aud TOOK my leave.