, 1874-01-02
1uz whLG-STREET LEADERS.

F1on Their Losses Greatly Ex-
So ty7rs.rordtnee y the Cincinnati Gazette.
nea s,usnicuous victim. III popular apprehension,
49, recent dollalous revolution (you may
Of Iuo - - dolorou.." If you Lkc) las been
Essa,;na Vanderbilt, from whose estate the
Co.a,,ors Layc tubtracted from IS. .0CD, 300 to
tn n1 + No. The difference between tie quota
t4v,e 49, ~ his stocss-Aew York Central, Lake
1pn I1'n-a Western Union. and oshcrs-on the first
sume'f ScutenLcr aud those OF October would
oA,S; ~, " Foot nm that amount But does apybodv
ea;no eas.G th1t tue venerable rcynard disposed Of
- h,s property {. tho great decline Hns
~ "a mafvcluuslv managed, schsmed. con-
= E!;r.d for i,alf centuy. lossooth TO be canght
a,isst in 50 shallow trnpf Verify, not nc.
0n tho CONTRARY, he has Kept a. he naa, ana No. 40
usa,chased more while the market vas down. He
I-rrinr vast deal now; but he has marked
ia programme. and, within q few m0u!Ls,
~ ea ui1l turn what was the general ham to hls
lsa;r;d,1a; benefit. Vanderbilt is still worth ell
~ ga 0. QUO. and will, doubtless. Increase the
e,m bT s10, ,ttD. .uo0 belore tue lst Of the coming
fu Iunc The ranic frightened him little. for
~ ~ market went beyond his tSol,-eomethiug
ha ras upaccustomcd ,o,-ptoylng, to his sur
~ -. ihat ho cannot always ulay tie financial
gn,ter The crisis will avail HIN in teaching
LIN prudcuce. which 1onkcr OF his not
h1ood and intense imoeiuoslty greatly needs.
1,In Comuodoro loves money, 1t IL sald more
~ ;;s OVID sake than for the power it yields. It
I;s1re.seo him to lose the smallest sum. as is
showu by his whist playing a. Saratoga every
snmr,er. He watches cacl point Of the game,
and is almost nyarlabiy winner. II no IL
sanyrlled however, at the END OF tho evening,
.ontTa few dolluls to lis antagonist. he feels
s-ax- and is impa tient for the ue1t evening In
~, to ret his reyeugo. lie is not Que OF the
sasn Who lnyo stumbled into riches. He has
anassss.d Lis millions by foresight End caicula-
i;ou. Is Il mere boy, alter h4s fathers death,
,,d his setting uE for himself 4. the owner ot
: prnsuc running between Staten lslnEd and
r1n perors. lie told an acquaintance. not loug
teo, II l could make money at Ii, carry
70 vegetables to matEct On IN old scow, i
iTev / could ret rich IL after life If only hal
my hc.lth." Ipresume ho may talak he has
tnecceued, though lie may not regard 50,0oJ.-
nrJ AZ rich. Nuw in his 60th year, Ae con-
s;dcra himself still young; and he is 80 in
he,!th, strength, and euorgy. lie expects to
ire understand, untl he has accumulated at
last round 500, QUO, ,000 (ono hundred mill
ious) in property and Il century Of ago by iis
~, estimate ho can achieve tie former Ill five
..are which will bo investing his present wealth
Il The rate Of 20 pcr cent per annum.
Tho greater part OF the estate Of Horace i.
Clark ynrdetb.lt's eon-l1l-luw. has been Ell QUE
nu-ly reported Is swept away By the September
uaa:c, Tho decline on his stocks and securities
Tss enormous; but the Commodore looked afier
khA Er1nET{T. AAQ ElCFtulE0 du5 GALA1A~Ss
cl.rk'g heirs w!ll have 50, ,00U 600 to 000, QUO,
lbs neal value oi the estate ut tho time OF tue
death Of the President Of the Lake Shore Rail-
uay ins:eau ot tn &c or four times that sum. as
hsd beea oel1eyeo+
Daa1cl Drew nus been set down as r. bankrupt
by lie Wau street crls.s Of list autumn: but 4e
us no, lost enough to hurt him. Tie old
Methodist sharper, as they call hin on tie Ex-
chance. sas eupten1ely scared, ind has frequelIt-
II announced that he Nas ruinel. This it, Il Ia
To,ite cry with lin, Wien he wants to maize set
tleueu,s Or be let of easily, AID consequently
car1ies M Weight. He faiicd 20 leallze large
amounts which he ccniidcutly exsocted, and
not. enjoy the reputation Of chlvai-
rous OF an upright adversary in Broad
street; snd hence the suits brought aGairst him
BY tie brokers. They say he Is SO uugcneEous
Limsaf that he las no right to be treated With
consideration. They would not have thought OF
irsttusng legal proceedings under similar CIR
cunstancts against any operhtor. Persons IL
posi.ion to know declare that the entire financial
harm Dpw has sustained from Sei,t, Is to tue
present would be covered bv S5U0,U00, and that
ls IL still worth, or will be When things have
fully settled. 81 6o0. 00o to 81, ooo, 900:
jar Gould has been consigned BY many to
:aonatary perdi:ion during the pas. three
months His reported retirement from The
street was deemed indubuablo evidence OF
bis failure. TEose intimate with tic shrewd
fnancler arc better advised. he lad his
object in osteuslbly withdrawing from the
speculative arena and bis object has been
h1ready obtained. It viii be remembered be was
uDcomfortally complicated With uon-paylng New
Jersey Southern and other railway interests. and
it accordingly bchooyed him to bow himself out.
By &c doing, be avoided certain legal RESPONSE
laisies aud it is affirmed things are now ar
ranged to suit him. Such man as he could not
keep out Of the excitement OF Wall street II he
wanted to. nnd Ae certainly does not want to.
But for the panic lie would have made ut least
3eVD U0J to - 900 600; aud therefore he is mega
lively so much the poorer. Ho"be1t, his Foeitlve
loeses are asserted to be very smal}--iuside OF
interested in stock and gold speculation, and will
be heard from as the head and front Of new COM
tlnaIiuns- He is tying to act clandestlncly,
Larlug been annoyed exceedingly by tho pub
Lefty, or rather the noto,icty, he has acquired.
For every scheme and intrigue Of the t1cet ho
VAS held responsible, and he says, truly enough,
that Ac mas sufficient slus OF Als Owl to answer
for without any additional accountability. lie
adds that he could not druw 500 for household
expenses, except ct tie risk OF being accused of
locking up greeubacks. His respect for the
psnetradon OF the public is not great. It is. he
declares, always laundering. It has charged
him over and again with doing what lie Las not
do1e, End has failed to discover his plaiucst
traasacsons. He is much amused, I am told, BY
tie reiterated srory Of his owning. tue Tribune,
Of WHICH he does not possess, and never expects
to possess, the hundrcdth part Of 4 single share.
Gould's friends aver that ho las had large gains
and losses this year; that the former largely
exceed the hitter, and that he can to-day COM
nznl 100000 0OU Of lis own means, and four
times Is much belonging to others.
Henry n. Smith llas Eceu sufferer to the ex-
tent Of some -, 600 600, mainly through Gou!d's
superior tactics. hut ho has $2.o00,G0u to S3,-
m1,00Q left, is full Of hope, and expects to re-
pair !c.ses next May. Some twelve mouths since
be mad over SIS, 600, 200 III cash, and was thought
to be the prcda2tiued leader Of Nai1 street.
Tits ras his ambition, aud IN trying to achieve
It his wealth was seriously impaired. His great
est desire at present is to get even with Gould,
toward whom hc feels very bitterly. lie will
tFare no effort to tint ond, though the acquaint-
taees Of tbe two men think Gould the more aa-
tute and pe1sp!caclous. and that Smith would
sYince widom by letting his adversary severely
tlone. Il. n. S.. q fcv years since, was coun-
" bseser in Pennsylvania, often travelling about
10 PICK up foreign coin, uucurrens money. aud
monetary odds and ends, which he sold ln New
1crk. Co1ing here every ouce in willie On
e1s!ne*s. he found Wall street TO be the place
tor proper display OF his ability. He chose it
lot 9 speculative neId, and has accomplished
q moch moro THAI he had any reason to hopo for.
ho" he will como out remains to be seen. Still
!ounS, cboundiug in health and spirits, Of eau-
EnlCc tnn,tia orrapf TnyGt mind f1a