The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-11-30
TIE BULL AND BEAR FIGHT
End OF the Great Northwestern Cor
ner-Vanderbilt's Card.

End OF the Great North western Cor
ner-VanderbilI's Gard.
The Northwest stock ''corner," which has
created 80 much excitement In the City of
New York and elsewhere this week, culmi-
mated last Tuesday afternoon, when the stock
declined, and was offered at 100, with s54 bid.
1t is stated that all settlements were harmoni-
ously perfected. The New York Evening Post
says:
The Hcorner" In Northwest Is now q thing
Of the past, all the settlements possible to
make having been made, and privately, 30
that the terms cannot be obtained for pnblica-
tion. The stock, which has been held at $50
to 200 since Saturday, was offered late this
Afternoon at 100, with no bidders. A better
feeling HOW prevails In Wall street and money
Is easier. The policy Of the Northwest clique
has been 10 squeeze Its victims as much as
possible without breaking them. Where a
mar could afford to pay only 100 In settlement
this was accepted, but where he was rich and
could stand 1t 200 was exacted, and In some
cases more. This policy explains why there
have been no failures. It is q good deal guess
work In regard to the profits OF the clique,
but stock Exchange people estimate that the
clione has taken In ln cash between So, SOC, 900
ana SIS, 900. 900, and that one to two millions
difference" remain to be adjusted by the
courts of law. The Northwest ''corner" now
passes from Wall street Into the courts, where,
with the Erie suit against Gould, 1t Will divide
the attention heretofore bestowed on the city
ring suits.
The following is Commodore Vanderbllts
card repudia,inR any connection with Jay
Gould:
The recent s:cornern In Northwestern" has
caused som considerable excitement In Wall
street, and has called forth much comment
from the press. Ny name has been associated
with that Of Mr.. Jay Gould. and others in con-
nection with the speculation, and gross lDjuS.
tice has been done me thereby. / beg leave,
therefore, TO say (once for ally that | have not
had, either directly or Indirectly, the slightest
connection with or interest In the matter.
with Mr.. Gould In my life. In July, 1868, /
sold him a lot of stock, for which he paid me,
and the privilege of q call for a further lot,
which he aleo settled. Since then I have had
nothing to do with him In any way whatever,
nor do T mean ever to have, unless 1t be 10 de.
fend myself. I have. besides, always advised
all my friends to have nothing to do with him
In any business transaction. I came to this
conclusion after taking particular notice OF
his countenance. The almost constant pa
rade, therefore, of my name In association
with his seems very much Like an attempt to
mlslead the public to my Injury, and after the
publication of this, ignorance or mlslnforma'
ton can no longer be urged as an excuse ior
continuing 10 this course.
AS tor Wall street speculations, know moth.
ing about them. I do not even see the street
three times in q year, and no person there
has any authority to use my name or TO In
clude me In any speculative operation what
ever. v.
A reporter OF the New York Sun, who pho
tographed Henry N. Smith, the bear, who has
been creating such a sensation In Northwest
ern, thus draws his brush as between Smith
and Jay Gould:
Physically Mr.. Smith is no larger than Jay
Gould. In every other respect he Is the direct
opposite. He is light oomplexi0ned, while
Gould Is dark. Ills eyes are of keen gray
Gould's are inky black. BE wears an enor'
nous red moustache and red mutton chop
| whiskers. Gould's beard runs around his
chin, and both whiskers and moustache are
closely trimmed and black. Smith wore nc
hat, and his straight light hair was primly
| parted in the middle. Gould Invariably wears
8 beaver hat, and his hair Ia as dark as q
/! ravens wing, and inclined to curl. Smith has
g long nose, masslvely defined for q small
man. Gould's nose is of a Jewish cast, and
dellcately cut. Smith is quick of motion, and
| his words chase each other out Of bis mouth
like pigeons pouring out OF a dove cote.
| Gould is extremely passive, and talks al
| though he was talking under protest.