The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-01

| that paper, and IL therefore on his guard
| against the tricks OF the sharper. This
obliges him to play very deep game. II
any one expects 20 follow JAY GoULD's
snuous course in the stock market by
studying his organ he will find out his
mistake, on trial
We understand that the exposure OF his
Tribune tricks has not been enjoyed by
JAY GoULD. lie prefers alwaye 10 do his
work INDEPENDENTLY. Therefore, caring
nothing himself for Journalistic reputa-
ton, aud knowing that his interests would
be best served by exercising his editorial
power in the shade, he thrust forward
| WHIrELAw REID as the Tribune motor,
| put his fifty-one shares in that young mans
name. and sat quietly at home watching
with Mephstophelcan smile his straw
editors lofty pacings at the I,otos Club
and In the saloons OF the rich and preten-
tious Meantime he took care, at first Sc
crctly but now openly, to Inspire the
articles OF his financial editor, Mr.. CLEvE-
| LAND. When occasion arises he sticks his
| hoof into the editorial page, on one morn
| ing even compelling the alteration OF u
| leading article after the paper had
| gone TO press. Since THE SUNS exposures.
however, though he boldly requires Mr..
| CLEvELANDs open attendance on him 20
take his instructions, he IL more wary than
Of old in working the leading columns.
The lack OF business prosperity OF his
paper, it is said, annoy $ him; his tall tower
has frequently required him to put up
collateral, aud now that his game is gem
orally understood, he does not sec any adj
| i
Horace GREELEY. We fancy that II he
could see himself whole he would soon re-
tire from ncwspaperdom dlsgusted with
the Tribune and has Young editor, and
wishing never again TO hear of either.
This is often so A man may be an auto
crat I'm stocks, a BoANERGES OF the pulpit,
a terror OF the dry goods trade, n marpiot
in politics, an Idol of the people, orsome
other great thing outside of u newspaper;
yet when he once undertakes 10 wicld the
editorial pen, he may encounter direst
failure. We see how II Is with JAY GOULD.
He has practically destroyed the moral
| influence OF the Tribune. II IL no longer
trusted guide i'm politics, no man capable
OF weighing them paying any regard TO
| its opinions on public affairs. The dupli-
city, the sinuousncss, tho absence OF con-
viction, the disregard OF truth. the perva-
sive skepticism of man accustomed to
trade on mems follies, to bride Legisla-
lures, and to meet the assaults of Others
as interruptions rs he all this appears OF
necessity in his newspaper. Therefore
losing influence, the Tribune with it lost
power TO aid him at the stock market.
To show how mysteriously and under
| handedly ne works. let us take his course on
Pacific Mail stock, in which in early sum
mer he made pot Of money. First he
went 10 work, with his organs help. to
| bully and blackmnil Congress into with
drawing the subsidy. His young editor
shrleked wildly IN his behalf, threat, ned
! with political oblivion all congressman
who were disposed to favor the subsidy ::
and II was not granted. JAY GOULD was
buying in low. This journalistic coup hav-
ing been achieved. JAY GOULD set his
stool pigeon to the task OF sending up the
stock. We have hitherto drawn attention
to the marvellous nctions OF the Tribune
about the enormous subsidies from the
South American states and Australia.
The company, shortly before on the verge
of bankruptcy, became, according 10 the
iffNhNts iht UoNH'0-ol VI uulblu wealth..
JAY GOULD was selling out A similar line
of policy was adopted toward Union Paci-
hc when he was buying in the vast amount
of stock he now holds. At present the
TribWc's view OF Union Pacific is dis
creetly cheerful with now and again
misleading hedge on pretended bearing
| account.
The late course OF JAY G oUID's paper on
| Pacific Mail is curious. He is playing
| deep game. Exactly what il is, he alone
| knows. We will follow his serpentine track
OF week back. Last Wednesday he said
mystcriously that 1.-THE sustaining power
| behind this stock, in view OF the real con-
dItion of the company, is still a mystery to
the street" On Thursday the III Dorado
of wealth he discovered three months be-
fore had vanished into thin air. He found
that the stock was weak because the
| company was engaged in ruinous COM
petition on its new route to British Column
! bia," and added a hint of an "unfavor-
able report received by the company con-
corning the steamer City of Toxic. the
sister ship to the City of Peking." On
Friday he again played with Pacific
| Mail, rs n cat with n mouse, saying that
| though there were "no new rumors afloat
concerning the stock, the market would
seem to need none, the actual facts being
sufficient to account for the small decline
which has taken place"
Any one accustomed to finan cial reports
will in moment detect the hand of some
body besides n newspaper man in the
above. tits JAY GOULD all over, and reads
as If he had dictated it-as he probably
did-word for word to Mr.. CLEVELAND.
On Saturday we have some of JAY GouLD's
views on trade in general He sent for
Mr.. CLEVELAND and dictated the following ::
"A careful review OF the commercial situation for
the week ending with to-day cOmpels the edg.
mrnt that II tails fea ~ encouraging
nature. A dry goods reporter reluctantly writes. IL
Il now conceded that the business this autumn Will be
nuch lighter than last while OF the metal and hard
ware trade II Is sail that those few who expected
large fail trade much disappointed, while from the
grocery trade the reports are but little better.
a marked decline In the price OF grain, nut not
yet sufficient 10 stimulate the active exporting OF IT,
are not encouraging ind cations Of the immediate
FUTURE and sure 10 teach the lesson that the game Of
Drag which has been 81 persistentY played at the
commencement OF each business sllce panic
OF 1873 Will not restore 'cOnnd cnabie the nm.
employed iabOrtr or mechanic To largely invest