The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-07-12
How the Monarchs Of the Markets
Rise.
VANDERBILT.


VANDERBILT.
It's to be remembered that the Com
modore never was Wall street king.
He was and still is at the head of rail-
road empire, but he never made the stock
board the seat of his throne. He oper-
ated with great power at times. and made
others feel the terror OF his rod, but this
was always in obedience to the demands
of his railway administration. No one
could induce him to try any other
schemes than those that harmonized with
his grand polity, which was to connect
New York and Chicago with Wander
bilt track. 1t seems strange to one Of
nv memory to recall the day when this
man was an obscure ferry-mastcr. carry
| ing passengers to and from Staten Island
at six pence head. Such was his po-
sition when he was fifty, and he was then
reckoned at $250.000, which was consid-
cred an immense sum. / we'll remember
the exclamation of Cornelius V. De For
est. who kept small oil store. ''Corne-
lius Vanderbilt backs me!'' The name
was then (1846) new. but the oil man had
a valuable patron in the ferry.master and
now holds good berth IN the railway de-
partment. Vanderbilt was first felt IN
Wall street after the California fever. 1t
was his great success as ship-builder
which gave him his popular title. HIS
policy has been much praised, but like
other great men he has been guilty OF
great blunders, the chief of which was
the stock-watering system, which is now
reacting upon him.
JAY GOULD.
This man is now the Wall street king
) a position for which he has heen strug
Cling ever since the last panic. He ha:
come up gradually, and his position coult
not he said to be really won until the re
Ecent grand advance in Union Pacific
4 Gould is now past sixty, and In the full
ness of his power. He commenced bus
mess life as a leather dealer in the swamp
and had he remained there would hav
reached large wealth. He lives in tlitl
avenue and has private office near by
which is connected with his down-towl
rooms by a private telegraph. Some
: times he omits coming down town an
It sees his agents at his upper office. an
a this gives rise to various stories. On
!, man says ''that Jay Gould is periec
!. Napoleon. He stays all alone in tn
J, grandeur Of his own genius, and by fe,
II touches of his telegraph drives Wa
Z, street into spasms. Another ma
!, ! saws "that Jay Gould is wol
). derfully lively for a man OF h
: wears. He is round Wall street as bus
: as the devil in a gale of wind Both
: these statements are true at dlfferer
70 times. Gould has a number of broker
IS in his survice, and tries as much as POI
10 sible to keep them from mutually know
: ing their master. Each may suppos
q himself the sole agent of the great oper
" tor, and in the course of that service ma
n hold transactions with some other brok'
y, who is in the same employment. In tt
/ complications which arise in wide nc
is work Of speculations, it may often occ'
J. that it is Gould against Gould: lie ma
re buy heavily ola certain stock at the mr.
t. board, and unload at the second. Gou
1 is working hard, since to hold his SUPPER
II, acy will cost as much effort as 1t did
A' attain it. The position is one OF risk al
exposure, and Gould being human "
act like other men in the same circu,
ot stances. Those who shall see the concl
i sion of the next five years may find SON
T., thing new in this mans history ITO poi
ed a moral or adorn . tale" Gould at pr
ent will not dabble in the petty trash
the street. There is vast amount
cheap work in the market. Shares viii
last year brought $50 can now be bong
I'd for one-tenth of that rate. Fancies I
err plenty at your own price, but could
w engaged with too important matters
To touch these, ard ois
the HE HERMIT IN NE" A'HA