The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1874-01-23
The Wall-Street Leaders.


A conspicuous victim, in popular APP
prehension, of the recent dollarous rev.
o ution lyon may make it "dolorous"
if you like has been Cornelius Wander
biit, from whose estate the newspapers
have substracted from 1000, 900 to
SIC, 900, 900. The difference between the
quotations OF his stocks-New York
Central, Lake Shore, Western Union,
and others-on the first days of Septem-
Der and those of October would easily
foot up that amount. But does any
body imagine that the venerable rey-
nard disposed of any of his property at
the great decline? Has he so marvel
ously managed, schened, contrived for
half century, forsooth, to be caught at
last in so shallow trap? Verify, not
he. On the contrary, he has kept all
he had, and he purchased more while
while the market was down. He is
carrying a vast deal now but he has
marked out his programme, and, within
few months, he will turn what was the
general harm to his individual benefit.
Vanderbilt is still worth all of $50, 900, 900,
and will, doubtless, increase the sum by
so, 600, 900 before the first of the COM
ing June.
The greater part of the estate of Hor-
ace L. Clark, Vanderbilt's son-in-law,
has been enormously reported as swept
away by the September panic. The de-
cline on his stocks and securities was
enormous but the Commodore looked
after the property, and prevented any
sacrifice. Clark's heirs will have 49,
600, 900 to $4,000, 900, the real value of
the estate at the time of the death of
the President of the Lake Shore railway,
instead of three or four times that sum,
as has been believed.
Daniel Drew has been set down as a
bankrupt by the Wall street crisis of
last autumn but he has not lost enough
TO hurt him. Persons in a position to
know declare that the entire financial
harm Drew has sustained from Sept Is
to the present would be covered
by $500, 900, and that he still worth,
or will be when things have fully set
tied, 81, 000,0 900 to SS,000,000
Jay Gould has been consigned by
many to monetary perdition during the
past three months. His reported
retirement from the street was
deemed indubitable evidence of his fail
ure. Those intimate with the shrewG
tinancier are better advised Gould's
friends aver that he has had large gain,
and losses this year; that the former
largely exceed the latter, and that he
can to-day command $4,000, 900 of hii
own means, and four times as much be
longing to others.
Henry \. Smith has been suffere,
to the extent of some 1000, 900, mainl,
through Gould's superior tactics, bu
he has S2,00O,OOO to 50, 1000, 600 left, il
full of hope, and expects to repai
losses next May. Some twelve months
since he had over $4,000, 900 in cash
and was thought to be the predestineC
leader of Wall street.
Alden b. Stockwell is one of the lam,
ducks of the Exchange, but he wa
manned before the panic. Pacific Mail
of which he was President, had tn,
credit of subverting him. In tire,
months he lost some $4,000,0O0, ant
was forced to fall into the rear. Whel
the September tornado burst, he wa
Indifferent thereto, for he had tornad,
of his own. The great wave of revers
swept over him, carried off his So, 900,
900 to S4,000,000, and resupplied hin
with the pretixes to his patronymic
Mr.. Stockwell once more, he has no
been cured of his financial ambition. II
has nest-egg of 100000, or there
about, and is waiting for his oppor
tunity to have more-or less.
Rufus Hatch has been for severa
years one of the heavy operators of tn
, street, and had the reputation of max
, ing 100000 during the eightee
months ending last May. The PAM
punished him, but it did not "scalp
him, to use term of the Exchange
He has been confederate of Stockwell
Smith, Gould and Drew, changing fro1
y one to another as interest dictated
latterly of Smith, and consequent
! sharing his misfortunes. The gran
decline pressed 81, 800, 600 to 81, 900, 90
out of his capacious pockets, thong
he managed to save nearly 80, 900, 00(
! and refuses, therefore, to be depressed
-NeaO York Cor. Cincinnati Gazett,