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

Rise.
VANDERBILT.
It's to be remembered that the Com
modore never was Wall street king.
He was and still is at the head of a 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. It 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 S250.000, which was consid-
cred an immense sum. / we'll rememb Der
the exclamation of Cornelius V. De For.
est, who kept a small oil store. "Corne-
lius Vanderbilt backs me!'' The name
was then (1846) new. but the oil man had
q valuable patron in the ferrymaster 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-bullder
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
reactinp upon him.
| JAY GOULD.
This man is now the Wall street KING
q position for which he has heen strug'
Cling ever since the last panic He has
come up gradually, and his position could
not be said to be really won until the re-
kcent grand advance in Union Pacific
Gould is now past sixty, and IN the Jul
ness of his power. He commenced bus
mess life as leather dealer in the swamp
and had he remained there would hav'
reached large wealth. He lives in FIFTH
avenue and has private Office near by
which is connected with his downtown
rooms by a private telegraph. Some
times he omits coming down town ant
sees his agents at his upper office. AM
this gives rise to various stories. On
, man says shat Jay Gould is perfec
Napoleon. He stays all alone IN IN
, grandeur Of his own genius, and by fe,
I touches of his telegraph drives wa
street into spasms." Another ma
, says "that Jay Gould is WOE
derfully lively for man OF III
wears. He is round Wall street as bus
: as the devil in gale of wind" Both 9
: these statements are true at dlfferen
. times. Gould has a number Of broker
: in his survice, and tries as much as poi
0 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
: hold transactions with some other broke
;, who is in the same employment. In tt
: complications which arise in wide nc
$ work Of speculations, it may often occ'
!. that it is Gould against Gould: lie ma
q buy heavily ola certain stock at the fir
: board, and unload at the second. 6ou
,, is working hard, since to hold his SUPPER
!, acy will cost as much effort as it did
- attain it. The position is one Of risk al
exposure, aud Gould being human "
act like other men in the same circul
OF stances. Those who shall see the concl
4 sion of the next five years may find som
:, thing new in this mans history ITO poi
d moral or adorn . tale" Gould at pr
ent will not dabble in the petty trash
the street. There is 4 vast amount
cheap work in the market. Shares VIII
last year brought $50 can now be bong
d for one-tenth Of that rate. Fancies
r plenty at your own price, but could
y engaged with too important matters
to touch these, ard so is
he The HERMIT IN New YORK