New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-07-30

UOc KNOW mo. 4ley gGOau Ooo6uoo H.
looks are more haggari than despair. l
thought, not care. invite them to dine
with me-. I send them home full OF an
tioipatlon. of mystery and Of Romance.
"Messieurs," cry N disnissing them: "she
blow is struck. Ask no questions. Inter
rogate not Genius. Gather the mama when
it falls. and when you die, bid your children
put upon your tombstone, His fortune
was built oy the genius Of Athanass Tai
leyrand Deco.
of the board of management of the I. and
G. r. R. tie business exhibit was OF the
most surprising sOrc. The transportation
of freight was oeyoni the resources OF the
road. We had TO borrow oars from the
Bucharest roads. The applications to-
freight tor Juns wers more than Wa could
carry in two months. The net profits fec
May We're 1000 900 francs and at that rate
the road. after paying handsomely toward
;ts sinking funds, would yield dividend OF
eight per cent. The engineer OF the spot
recommended that ou- transportation
charges be raised fifty per cent, il o-dsr 20
relieve the road until lis equipment could
ba improved The best of il was, this was
bona tids exhibit. Ths business was done.
we carried the treigh. for nothing, and
paid . 900, 900 francs OF my 5, 00O, O)0 INTO the
local treasury 10 cover working expenses
We drummed Up business every where, and
had 1000 teams hunting up produce of al,
sorts II the detiies Of the Carpachians. We
laid ali Transvlvauia and Bucxw:na ana
Gaiiicia and Bsssarabia under tribute. and
won such freight victory az never before
was heard Of. L was Phrrhic victory. OF
coucse-bu- l did not propose to repeat IT.
About the same time the 7. and g. K. K.
discovered that the vineyards o. Bshan. o.
which it owned $1,000 acres, produced
1,0J0,0)o gallons Of wine Annually. which
has no superior except the Imperial lokay.
Soma casks OF this wine, Opportunely Of
ferei in Paris, were sold 20 the distin-
guished conno:sseur, Count Extraordinarily
OTHERWISE Deco. Bsrthss g. Cia.), for $50
francs the heerolitre. simultaneously there
was a remarkable discovery Of gold and
silver com b:nei in true mother .ois in cne
MINES Of Nasarleiy-Adiud, Lately pur-
chased by the T. and G. r. R.
There began to be inc ui-y made il the
Bourss for the shares OF this remarkable
railroad. which Wa now formally named tcs
Star of the South Tae members Of ,le
syndicate were eager to sell, bat told
them not Jet" zo.a came to me: Il am
offered 60 for al my shares" said he:
Wait til ysu hear from the Danube l
answered. Bailler8 said: Il have prl.
vate bid Of 75-.aail take it, Not u1.ii
rae telegraph speaks l replied. Then
dap proposed TO break the pool: Il am
offered 3D. ne said II will take your
shares and give you 60" l said, but no re-
fused.
l. came 70 the twenty-seve1.h OF June.
and Saturday. The stock market was ex-
cited by many rumors In Marx Lane the
gran market was unusually active. The
British crop was said to % bad. the Amer
L. l,,~be en-, A,.a
Minor. tood. on the Niscula, chlnol bag IN
Minnesota, tiy anC tempest on the Dn!eper
and Don. About , P. NJ, just ss tae bust
es. part OF tine Bolrse day was over, the
telegraph began 70 work on behalf Of the
Star of the South" Il continued to work
in this cause uati. eleven O'clock Monday
morning can no. sum up the hal: OF its
t-emend o1s reports. They embraced tire and
hoo:, the calamities of nature and the de-
stcuctive devices Of man. Diplomacy hob
nObbed with the corn market, and the earth
trsmbled in ooaoeit with a new outbreak OF
the rinderpest. A sudden revolution. al
tended with unparalleled atrocities lad
broken out among the Cossacks OF tho
Don. Then had burned the grain fields
from Orei to Taga1rog, from Samara to
Kiev. had destroyed all the railroads cas-.
Of the Dnsster. were bes.aging Kharkov
a1i marching on Odessa. Ali the elevators
IN Milwaukee, AMI Chicago were involved
in common condagra-ion, with all their
immense contents. 1as rinderpest was
sweeping all cattle on line from Cracow
TO Graft and westward A great raft
in the Danube. above Siliscria, promised
to obs.rucI navigation for six months. FIFTY
miles Of railroad from Bucharest to Lemberg
was torn up By an earthquake, and the
same CONFUSION 0: nature, after destroying
thousand lives in Nissa. had bu:ied the
road from Belgrade to Sophia under
mighty landslide of the Balkans. Theirs
was a revolt in Rahova among the Bal
gac;ans. massacre of Christians by the
Turks IN Bosnia and failure of crops in
ROomelee. Diplomatic notes of the sharp
est character had been exchanged between
the British Foreign Secretary and the Car.
Ignatietf had demanded his passports. and
the khedive had for hidden the exploration
of corn. In short, the demands tor trans
portation were suddenly increased five
told. the means OF transportation cut down
70 one fifth. and the Star OF the South, as il
was the most important. had in moment,
so to speak, become the only reliable rail-
read in Eastern kucope.
Never had the BOurse seen such day OF
excitement as when. on June %, the pool
introduced the stock OF the 'Star Of the
South" to the world Of brokers. The first
block of 10000 shares was sold AZ 81. l.
vas followed by an offer of 95 for 10000.
Before the day was out We had sold 375 900
shares az an average of llbas. I called
meeting of the syndicate. We agreed that
this thing would last another day. and that
we would not sell for less than $50. Next
sold 100000 shares (including all that re-
manned in the hands Of the syndicate) at an
average of Us. The features of the days
operations were: l. Contradictory reports
did not make the price fall. though it did
make the stock change hands more rapidly;
2. heavy cash demand from Hamburg,
which IN al took 100000 shares. The syn
dicate me: again. We had sold as follows:
Three hundred aud seventy-fve thousand -.
One Hundred and twenty i've thousand 0''''''''
shares at l78........... % 100000
Five hundred thousand shares at ISL 1872 315
Making net profit Of..................31 AS 315
Equal to $3.50 francs per share.
'Messieurs," said, "this thing will last
8 day or two longer, since the heavy witted
Germans are in it. Shall we ouadruple our
profits before the bottom falls out, or shall
We dissolve the pools!' Il was determined
to continue selling, and then to buy our
selves whole as soon as the shares tumbled
below fifty.
Mex. day shares had fallen to AS. We
sold million to Hamburg and Frankfort
account. The price touched 200. The East
ern rumors were all contradicted. bu. the
price did not fall. July ? we sold million
and half to German account again,
and the price rose to $50. On July 3
the price was firm at 2i0. bought mil
ion on account of our syndicate, and then
called halt. l also called a meeting of
the pool. "Messieurs," said, 1--WE are rich
n Na - eo1I ~ So,
seven and half millions. That is in our
pockets. We have sold three million shares
yet to deliver at an average of geo. When
he price breaks We must buy in at an aver
age of fifty. This will give US profit of
100000 francs" Suppose tie stock