New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20
TRAITOR, apparently undsmayod by the wreck of
stocks and the crush of securities.
GLOW il this to end ~

4
81 might tell you better ct three O'clock
perhaps you can tell me now how it bcgun."
young man, you probably read Esop's Fables at
| school Do you remember that one about the
| friendly bear who so fond of q certain hermit
that he could not bear to his rest disturbed by
small but exasperating fly that lowered above the
hermits nose and refused to Shoot SO he got huge
stone and let fly at the insect, with consequences
disastrous to the hermit The Treasury Department
is actuated by the best intentions toward the public
1t saw the public annoyed by a small but nimble
Gold-Bug, and tried to smash him. You see the
suit! The public is feeling for what is left of its
face, and the Gold-Bug is said to be unusually
happy to-day Hec fabuId dooet-if any one is will
ing to be taught"
do you think the Vanderbilt party will have
any trouble in holding their ownp
Everybody knows and Everybody says the Com
modOre is very strong. This is of true, but
the question is how would Hercules make use of his
strength if he had engaged to deliver an armfu of
paper balloons in street where crowds Of malig-
nant small boys were lying in wait with sharp
sticks for himi'
The President moved calmly away, leaving the
reporter deeply impressed by his closing smile the
sense of which was q hard matter to interpret. He
was reused by vision Of the well-nourished form
of the Hon. 5. l.. NJ. Barlow, who was entering his
Office in William-st. Mr.. Barlow is one of tue most
inteTviewablo" of living men, A half hours talk
with him almost always gives reporter material
for half stickful of copy. The present interview
was no exception to this rule. Mr.. Barlow said with
the cool intrepidity of q man who had never heard
of Ananias that these matters would have effect
upon Erie that he had not heard how things were
going in London,-and checked himself just in time
to keep from saying he had never heard of party
of the name of Gould.
The reporter began to find his tour becoming in
teresting. He met in Exchangepiace tho President
of the Board of Brokers, who wore the same
rul1led look of composure he bore last Summer,
when the street was an unhowling wilderness. The
reporter asked about the Union Trust Company,
and was told it twas all right" A broker said
"The Manhattan Bank refuses to pay its checks on
the ground of no funds" and this singular contra
dction continued to divide the street everywhere
for an hour OF more.
AT Poverty Corner the reporter mot an eminent
capitalist soldier, and man of the world, who was
sauntering through the crowded and wet thorough
fare as if it were Sunday in the Geological Car
dens. Being congratulated upon his serenity, he
said: 81 cannot imagine why men who have money
to invest should insist upon going into part
nerships where they risk their cash without
any voice in the business And this is what every
man does who buys railroad stocks. Two or
three men manage the affairs of almost every
railroad on the continent. 1t is useless for the
shareholders to struggle against this absorbing
Capitalization Of power. They lose their time as
well as their money in case of any rebeous attempt
to exert their rights of control. The men who
really manage the roads care nothing for the inter
ests or the wishes of their Observation-Disclosures.
Their sole object is to make money for themselves,
and divert the revenues of the road by all delicate
and honorable means into their own pockets by
means Of fast freight lines feeders and the like in
genious contrivances. few years ago, when
this style of administration was becoming fashion
able, l concluded l did not care, 70 continue IN q
partnership where my liabilities were so generous
and nv privileges SO paIsimonous, and sold every
share of stock possessed. | preferred TO be the
creditor of these organizations rather than part
ner in Them. The result Of this days work will be
TO increase largely the number of men who like me,
rcgard railroad shares under existing modes as an
iIlegitimate class of investments. Those VINO buy
them merely for purposes of speculation deserve no
more sympathy than any other gamblers"
do you think the crash of to-day and yesterday
will have any apprecable effect upon the prosperity
of the country =
1T ought not 1t viii prove death-blow to many
of the speculative roads, which is perhaps not
greatly to be regretted. Ii viii somewhat embaTrass
the Old-established roads in the and extensive
improvements they seem to regard as necessary for
their traffic The Central and the Wabash Roads
will find some trouble i'll getting the money for their
proposed new tracks But little enforced caution
and economy even among these great corporations
will not hurt them any. The country is prosperous,
thriving, full of life and sap. There is money
enough ready and waiting for every legitimate and
will oyrip mi for he
lame ducks who got their wounds padding in
troubled waters"
These words of wisdom were delivered on Poverty
Corner in the shelter Of the Reporters umbrella in
n tone as calm and remote from the days clamor as
if it were the voice of Socrates preaching of virtue in
Attic groves. And the most notable fact of the
whole furry was the singular absence of visible ex-
citement which characterized it. Everybody was
alert active agile about his business, if he had any,
but no one seemed crazy or yoclferous. Brisk young
brokers. charged with important commissions, had
ALWAYS time for o cordial and friendly word
III passing, and the question, How does
il look Z" rarely elected a moro energetic
expression than Pretty dusty" or somo such
indefinite metaphor. There were few indeed who
animated that the aspect of the street reminded
them of the topography of the internal world, but
tbev were not the rule The crowd greater than
usual, but at no tlme was III lhpasSdDlo anu at ho
time was there the slightest indication of anything
nanicky OF disorderly. There was not room enough
ON the sidewalks for all the and umbrellas that
we're ont 40 they filed the street and crowded away
the carriages. They were as numerous and about as
onet a. those sincere worshipers in the Southern
European towns, which Danish all wheeled vehicles
from the streets on Good Friday for fear of waking
the Savior" Through this decent orderly. intelli-
gent and reasonable mob, THE TRIBUNE reporter
wendell his way back to Printing and
fopnd that Nassau-st resumed its normal aspect a