The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1875-02-20
NeaU YOrE CJty.


large fortune or small one, or half dozen
fortunes without difficulty. Here are stocks by
the wagon load which a few years ago brought
handsome prices now going at tempting fig
ures, that is, if they are worth anything
Look at Toledo and Wabash at 144, Indiana
Central at 81, with other properties at SINH
lar ratio. These prices are for shares of 500.
If worth anything they are really cheap. The
question of value is difficult one to decide
The time has been when Harlem stock was
down to 10, and is now worth 1870. Hudson
River was once down as low as 80, and it now
pays dividend on 200. Lucky men they were
who then made strike. Who dares to do it
now?
Reader, if you have money and pluck now
is your time; but mind we do not ad wise it,
Our views favor plodding industry, and are op-
posed to stock speculating-but this point is
worthy noting, when stocks are up every bndy y
rushes to buy them, and when they are down
every body seems to avoid purchasing. If there
was an advance in these fancies how people
would rush after them Mankind is much ii Ike
animals. 1t generally goes in droves.
Wall street matters are stagnant. Stock
brokers are getting very shabby, and if some
thing does not turn up by spring some of them
will be obliged to work for living. Dreadful
fate! There are some odd characters to be met
on Wall street. You may see snowy carriage
driven down every morning at eleven o'clock
Fit naults before stately banking house and
| out comes lifnping form with an old counte
nance, which bears Jewish lneamnuts This
man is August Belmont, agent for foreign
capitalists, Rothschld He was b IN in Eu-
rope, and has been here nearly forty years.
| Although by birth a Jew, he has renounced
that form of belief. and dislikes the Israelites
He has been great rake in his early days, and
| his lame leg is the result of a pistol shot re-
| ceived in this way. Thirty years ago he mar
| ried the daughter OF American naval officer.
and has since then been more st"ady.
| Belmont is fond of fast horses, and owns a
| large number of racers, which are well known
| in Jerome Park. He is rich, but is very un-
| happy. He is neither Jew nor Gentle; neith-
or American nor European. He is citizen oi
| the United States, but he has never really got
home in this country, and perhaps may yet
| return to Europe.
Another interesting character to be seen in
| Wall street is Daniel Drew. sometimes known
as 'old uncle Daniel He has ben Wall
| street man for thirty years, but before that he
| travelled with menagerie and kept tavern.-
Although now seventy five years old, he stands
| erect, and his tall form ami white head always
attract attention. Drew has been for many
| years Methodist, in his church connection
| but it is feared that he has "0t lived up to the
rules of that excellent body. II would be diff
| ficult for any pious man tn mix with the
| schemes that prevail in Wall street and remain
perfectly honest Unela nanial hos -ks.- .
/ very rich man. but large part Of his fortune
is gone. His speculations have been very un-
successful for the last three years, lie lost an
immense sum in Toledo and Wabash, which he
bought heavily at rs and meant to drive it up
to par. He has lived to see this very stock
quoted at l4!.
Another tall keen eyed man whom you meet
here is Moses Taylor. He is a fnancier, and
not speculater. He deals in realities, not in
bubble. The consequence is that he never gets
into any difficulties. He makes money steadi-
ly and keeps what be has got with an iron
grasp. He is worth five millions, all of which
he has made by his own ability; for he COM
menced busines forty years ago with a borrow
ed capital. He did not make as much money
during the first twenty years of his life as he
now makes in year. This is generally
found to be the case. The difficulty here is to
get started, and then to keep in the right track
During his first twenty years Moses Taylor
made $26O, 600, and thought it was doing well
| he now makes more than this in one year. AT
ter man has got in the right track he does
not have to chase after money. The dollars
come rolling in upon him, and all that he has
to do is to pick them up. Our young men gen.
orally waste their early opportunities, and thus
never get started in a safe track.
Now and then, on rare occasions A. T. Stew
art appears on Wall street, and always attracts
notice. He is a plan looking man, and would
/ all business men know him, and hence he
draws the public eye. If he comes down to
Wall street it must be very special errand,
and you may be certain that there is some inn
portant movement on hand, either in the Gus
tom house, gold market. Stewart means
| business on such occasions, and as time is i'm.
portant he comes down in his carriage. Stew
art sends, on an average, 100000 in gold to
Europe every day, and slight shade in price
makes a vast difference in the aggregate.
All these great business men look at small
things with very careful eye, and if they did
not they never would become great business
men. Stewart avoids all stock speculation
If he had not made this rule ne would long
since have been ruined man. He studies one
thing, and that is dry goods. He has studied
this department for forty five years very close
ly. Just as in the case of Moses Taylor, he
made money at first very slowly, and his an
nual profits now greater than all he made
during the first twenty years OF his bushes;
life. He was then laying the foundation of 9
grand success, and he had it in very solid
manner. All that time he was preparing fol
q development which the world now behold:
with wonder. Stewart imports more goods
| than any other three three in America. He ha:
an experienced man to manage this branch bu
| sometimes his own personal attendance Is re-
quired, and this brings him to Wall stree
| where the custom house is situated.
| Old JOnn JucOO ASJOr was OccdslODdlly SteL
| ia We'll street, but his son William and hi
grand son John Jacob are seldom there. They
do not have occasion to visit the money centre
because their principal business is house let
| ting and that is a mere genius. The creates
building in Wall street is the custom house
which is one of the few good speculatons I'm
Gle Sam" ever made. The building was erect
ed by com mpany for merchants exchange
The company failed, and the property which
cost a million, was bought at a low price by
the government. 1t is now worth ten millions
The amount of duties paid here averages
100000 day. This is all paid in gold-eith
er in coin or gold certificates. 1t is counte,
into bags and sealed up, and then placed il
iron bound boxes which are locked up. They
are then placed in hand-cart and taken t.
the Treasury of the United States which i
about 500 feet distant. This gold is set apar
for the express purpose of paying the interest
on the government debt which is one hundred
and fifty millions year.
1t is this which keeps our government bond
so high in the market, and they are now IN bet
ter demand than ever. No one knows VIII
holds the largest amount of these bonds, bu
there are one hundred millions as it is suppos
ed held by capitalists in this city, There is
GLASS of men who will not invest in any othe
property No bonds of any nation in th
world bring as good an interest as those OF ou
government
GEN. BuTLER's SUMNER HoME.-Il is built ex
pressly for the summer and the sea, and stand
| on an immense cliff of Massaci usetts bay
some half dozen miles from the fishing towf
| of Gloucester. In front of it slopes to the sea
vast lawn, out of which here and there moss
| bit of the old rock-rib bbed earth picturesquel