The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-11-18
Siock-JObbing Lios.

JAY GouLD's Tribune. now that the Pan
anna Railroad Company are talking or pro-
tending TO talk of starting a steamship
line Of their own, discovers that the COM
pany is in a bad way. II publishes letter
dated at Aspinvall, Oct. II, describing
the general management of the road us
reckless and negleciful which II says " fur
nshes an unpleasant commentary on the
proposal TO start the steamship line.
JAY GouLD's young editor must have kept
the letter OF this veraCiOus correspondent
long time i'm his pocket for il is dated
Oct. IL, more than "a month ago, whereas
1t takes only about seven days to bring a
letter from Aspinwall to \ CIV York. Its
publication now is very pat, since 1t flts in
to JAY GouLD's stook-jobbing plans OK
actly.
Opening with description Of the explo-
sion OF n switch engine, this correspondent
goes on TO draw his gloomy picture of the
Panama road. Two of the four wharvcs
AT Aspinwall and all the wharves mt Panama
are in ruins. Gears, engines, track, build
ings, and everything else,' arc going to de-
cay. "Chcap men and no men are coming
in generally in place of an efficient working
force year or two more of this sort OF
thing will hopelcssly sink the road.
The correspondent should have gone on
and added that the enormous ccntipcdcs
OF the country have scratched out all the
ballast Of the road that the iusiuua,iug
woUd-boring worms peculiar to the region
have chewcd up the ties. 20 that little
more than powder remains; that the hui
nudity OF the air has so oxidized the rails
that they are mere rotten threads; and
that the turkey buzlards which in;est the
Isthmns have learned TO draw the iron
spikes and un-crcw aud carry of the bolts
OF the rail spices for the benefit of their
gi22lrds In fact, the future STEPHENS
visiting the country in n few years would
look In wan to discover the fdiutest trace
OF this structure which cost SO many mil
Ron OF dollnrs in building and so many
thousands Of lives.
The correspondent deviscdby JAY GoULD
and his young editor might Us wcn have
said AN this. for he would only have been
drawing the long bow little further.
Ills stories would then nave been just as
much emitted to belief Us they are now.
The fact is, JAY GOULD Is engaged IN a
stoe k-JObhiug fight with TRENoR W. PARK
and his friends. ono side IS trying TO put
down Pacific Mail and the other to put II
up. The interests of the line aud the pana-
ma road do not occupy one moment Of
their thoughts. They are solely occupied
with considering their own pockets. We
advise the public to allow the stock-gam-
bling gladiators to hEht It out all alone.
The stores of the young editor about the
Panama road are entitled TO just about AS
much belief as the lies no published IN
ear ly summer about Pacific Mail when
JAY GOULD was trying to bear the stock
which he now is trying 10 push up. The
stool pigeon then soon changed his tune
aud was concociing other lies about the
enormous subsidies aud earnings OF tho
line, when his master assumed the bun po-
siiiOn which he now occupies. In few
weeks, when this present stock gambling
scrimmagc eliminates, he very likely VIII
be publishing glowing accounts OF tho
Panama road which he now finds In so
bad way. He will discover iron and coal
mines alongside the road with adits al
ready flushed, to dump the minerals
right on the cars, or some other mine OF
wealth for the company. 1t is the way Of
JAY GoULD's Tribune.