The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-06-29
THE KINGS AGAIN.

|
Ketchum went to state prison, and of Jay
Gould It may be said at the present time
s'uneasy lies the head that wears q crown
II he retains his present immense wealth
till the conclusion of his career, he will be
an exception to the lessons of history. In
addition to the kings there have been many
great men who had for long time king,
w look, though not possessed of personal
ROYALTY. One of these is Leonard Jerome,
who made an immense fortune during the
rebellion by the advance in stocks, and
then lost most of it in Pacific Mail. lie
was a victim of the knavery of others, and
after having feeced large numbers of the
credulous, he had the cup applied to his
own lips. He was induced to go into Pa
cific Mail at 200, and now its quotation is
50. His wife has some property which has
been invested in land at Yonkers and is
SAID to be profitable. This keeps the bro
ken.down speculator from utter poverty. |
Another one of the same rank was the late |
lie Grand Lockwood. He reached immense |
wealth and was able to spend q half million |
on palace at Norwalk, and to include in
his picture gallery Bierstadts Yosemite
Valley, the price being $4,000. All this
glory passed away in manner as rapid as
1t came. When he failed he owed the Lake
Shore road 5000, 900, and that concern now
owns the palace, which can be bought at
one quarter its cost. Lockwood, after being
a millionaire, died bankrupt.
ANOTHER INSTANCE.
Anthony Morse, though not Wall street
king, made great sum of money by oper-
ating in stocks, and then when the tide
turned he lost all and dragged many of his
ca nd II
wood are both dead, and of the Wall street
magnates of that day few are left to tell
the glory of the initiation times One chief
survivor is Jay Cooke, who, though not
Wall street king, was man of great in
fluence. This is shown by his success in
working on credulous public fourteen
millions of Northern Pacific bonds. His
creditors have vainly attempted to sell his
beautiful place near Philadelphia, which
will soon 60 to some moneyed snob at one
| quarter its cost. A rather appropriate name
this "Ogonst" to the catastrophe which fol-
| lowed it, as one of his victims thought
when he read il, call gone!" Speaking of
these second rate operators, their names
included A. b. Stockwell, and some others,
who are hardly remembered
VANDERBILT
1t is to be remembered that the commo-
dore never was Wall king He was
and still is at the head of railroad en-
pire, but he never made the stock board
the seat of his throne. He operated 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 this city and Chicago with
Vanderbilt track. 1t seems strange to
one of my memory to recall the day when
this man was an obscure ferry. master, car
rying passengers to and from Staten Island
at six pence head. Such was his posi-
ton when he was fifty, and he was then
reckoned at $250,0OO, which was consid-
cred an immense sum. / well remember
the exclamation of Cornelius V. De For
rest, who kept a small oil store, "Cor-
nelius Vanderbilt backs me !" The name
was then QS4G) 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
, position for which he has been struggling
ever since the last panic. He has come uT
gradually and his position could not be
said to be really won until the recent grand
advance in Union Pacific. Gould is now
past sixty, and in the fullness of his power
He commenced business life as a leather
dealer in the swamp, and had he remained
there would have reached large wealth
Such was the extent of the leather opera
tions that tanning village in the fores
regions near the Erie road bore the name
of Gouldsboro. But tanning was too SLOW
for his ambition. AS traveller to an(
from GouldsbOro his attention was turned
toward the Erie road, and he found in jim
Fisk facile tool to assist in coup detdt
How they got control of the unlucky roa(
and worked it for five years is now par
of Wall street history. The death of FISH
threw Goulds schemes into embarrassment
Driven from the Erie, he determined t
make himself felt in other directions. Las
year his attention was directed to UnioI
Pacific, and he saw that however tn
!, Chicago traffic might be cut up by fou
competing lines, that of San Francisco mus
be confined to one grand route. Acting oil
!. this conclusion he operated in divers
manner. He was bull and bear at the sam
; time on different stocks. Lake Shore wa
sold ahead for decline, and he took con
tracts to deliver at falling prices until h
2 saw the quotation down to its present low
, figure. AS bear operator on Lake Shor
and other competing roads his profits hav
! been large. At the same time he has beef
bull on Pacific, and has seen that stock ad
vance $50 per share. He now holds l0C
900 shares, range of property whicl
Q rivals that of the commodore. Thes
100000 shares represent the par value O
$10,000.000, and market valve of ~ 900,
900 but it did not cost more than one-hal
the present quotations. 1t is not to be III
q derstood that all this is paid for, since
may be held on margin, but the share
are credited to him on the books of tn
8 company in which he is the chief proprit
/. | tor
: METHOD OF OPERATION.
AS soon as man reaches distinction hi
!. method of operation is matter of gossip
a It is amusing to hear the various statement
concerning the present Wall street mon
q arch He lives IN the Fifth avenue an
e has private Office near by which is col
d neeted with his down town rooms by pr
J, vate telegraph. Sometimes he omits con
. ing down town and sees his agents at b
u upper Office, and this gives rise to variou
l. stories. One man says THAT Jay Gould
II a perfect Napoleon. He stays all alone
Is the grandeur of his own genius, and by
/ few touches of his telegraph drives Wa
- street INTO spa ms" Another man say
IS ''that Jay Gould is wonderfully lively Il
u man of his years. lie is round Wa
d street, as busy as the devil in gale {
IS wind" Both of these statements are tru
lu | nj differanf iimna l,nnld hna a number L