New-York tribune., 1875-08-07

and prominence of houses which there is morereason
10 regard as shakyi Where arc We to put our sur
plus money! In whom are We to trust-I say we,
but mean they; they who have treasures OF earth,
vile dross. filthy lucrc, spondux National currency,
the rcadyi Suppose all these fortunate suddenly
make up their mind that mans money is nowhere
50 safe as in his keeping, and ask for 1t at aboct
the same time' The little stream that occasionally
trckles through the walls of reservoir is of little
consequence in ITSELF it becomes serious only when
viewed as an exponent Of tie mighty but silent and
secret force at work behind As the forerunner of
an army Of waters the herald of break in the dam,
it has terrible meaning. At this time, when vast
amount of capital is lying idle because Of the general
unwilingness to invest an unwillingbess consequent
upon a want of confidence in existing values, fail
ure of this kind has rather serious significance. II
TO the dstrust Of investments yOu add dstrust Of
repositories, may feel ike putting their money
into dry goods box and sitting down on it-then
you have panic"
"You have alluded to New-York Central several
times, Mr.. Paul. Do you not consider that safe
curity at present prices. STRIP
When you put this question to me, point blank,
Dir. Sherman, my position becomes an embarrassing
one. You know the close terms Of confidential rcla-
Vanderbilt and myself, ever since he declared his
scrip dividend OF eighty per cent As he did not in
form me that he contemplated such movement,
and consequently incautiously permitted myself
to be caught short OF the stock feeling thus
sprang up between us, feeling Of love the
side and respectful admiration on the other, which
continues to this day. When you further know that
he killed several Of my relations above Forty-sec
ond-st before the present Fourthave. improvements
were completed. You will understand in some degree
the obligations am under to him. Nevertheless
common sense, justice, a OF my own posi-
tiOn consciousness of what owe TO the world, oil
compel me to ask Of you calmly and dispassionately
if NewYorl Central be worth the price it has been
selling at for some time past why in thunder and
the name of most unconsciOnable Congress does it
drop several per cent on the mere rumOr of CommO-
dorc Vanderbt's lnessi If it drop SO on the rumor
Of his death, ruuor 30 oft repeated that the thing
has become SO monotonous sumor which
ever believes-how much will it drop when lie really
does diei And that M will not cannot live forever
is reasonably certain, think. For all must
some day die; the Commodore is but mail-there-
fore some day the Commodore must die! hspe |
have proved this fact by syogism too clear and di
rect to admit of cOntradction-for if 1t can he con-
tradicted, his satellites will be round me in minute
'Iis general IMPRESSION evidently, that when the
Commodore dies Central stock will drop from ten to
twenty per cent. Vow that death-day cannot be
very far distant. He is in his eighty second year. and
more signs of failing are evident upon him this Sum
mer than ever before. Seldom il ever does he go
out to the he falls gently to sleep in the after
noon with good book either in his hand or by his
side; he has reduced the play pointcucllre from
five dollars to one; he does not disembOwel his an
tagonists completely rs formerly In this ne
shows signs of failure. mentally as well physi-
cally. His nearest friends watch his health like
hawks; no one intends TO have much Central stock
on hand at tho time Of bis death, but in
the mean time pretty much all are willing
to trade in it, They take the chances Of
an old mans life. Only q feeble pulse
a futterng breath, only stand between many an
operator and beggary yet they court the chance. To
ME it looks like skating thin ice but-each to his
own fancy Now if New-York Central stock be
really worth its present price, tell me, will you,
why the Commodorcs death should depress it
nj all Certainly the taking Oft of almost any
other railroad president yon can name would be
signal benefit 10 the road he represents. Do ncn OF
means, men of influence men OF brains, men like
myself in fact propOseto wrap the drapery OF astoch
around them and le down to dream upon 1t when
it's value depends much on an old mans hoelth,
IN sav nothing of his life. If the stock had not
been watercd 10 n most unprecedented degree if it,
like almost every other security dealt Ill at the Stock
Exchange were not inflated, ballooned, 10 bursting,
would il throb in mad unison when the Presidents
blood was stirred with feveri rise with his recovery
sink like lead with O suspicion that his eyellds
were drooping in death l only ask these ques-
tons, understands l assert nothing. But 1t
does seem to me that only terribly watered stock
could bc so wildly npheaved by pain or pfmple.
II it canno; stand to-day the merit OF the road,
thc direction I've incompetent, and all hinges upon
ono man he that man young old, want none OF
II So with religion when it was claimed shat its
very life hung trembling in the balance OF Ar.
Reechers innocence or guilt IL there were nothing oi
rcliion more than that better far it seemed to me-
that the feeble light should flicker ont at oRoe. But
to CONTRARY was true And more than this ten you,
Mr.. Sherman
deep breathing broke on my ear. turned rcnnd
IN see who had lit. There sat my friend sherman,
a nrorramme of the race in his hand and peaceful
smile upon his face fast asleep with his head upon
Mr. Stranahan's shoulder-who was also asleep.
GLOW long have those gentlemen been thus coma
tosc n / asked of bystander
Ever since you 'ye been blowing" he Whispered;
"d.n,t stop now, or vou'll wake EN-
But these are my views Of the situation, and II the
reader sleeps over them he may wake to them. am
sorry WAS born this way, knowing nothing aDont
ANYTHING but theology and finance, but can't heip
If Some pork always will boil 50. JOHN PAUL.
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