Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1876-09-15

scrupulous of stock gamblers. And yet
such is the fact. The records Of more |
than one firm in Wall street show that
during the period from 1857 to 1865, in
cluding the " fushestn times of the war,
Tilden was an active and heavy specu- !
lator in the stocks and bonds of certain |
railway companies, and that large por- |
tion of his enormous wealth was acquired |
in this manner The books of one house
alone show that in the three months of
April, May and June, 1854, he sold,
through their agency, over $413,000
worth of different stocks, on which he
realized the largest profits. On single
item, 800 shares of Chicago & Galena
stock, he netted in three days over $t0,-
600 in cash On the 11th of June he re-
ceived a check for $4,000 as his share
of the proceeds ON certain speculations
in Chicago & Northwestern and other
stocks in which he was then engaged.
1t was in this year that he paid taxes on
only $4,000, although his receipts as a
railroad lawyer, leaving out his specula-
tive profits, must have been ten times
that amount.
Said gentleman who bought and sold
stocks for him during this period: " In
the years 1862, 1868, and 1864 MIR. Tilden
could not have made less than 5000, 900
to 100000 in the street. These were
the years, understand, in which he
paid tax on incomes of $500, $4,000
and $4,000 respectively. He was the
wariest and craftiest speculator / ever
knew, never investing in anything he
did not consider safe, and of which his
inside knowledge did not afford him a
certain advantage over the rest of the
dealers. He was counsel for great
many railroads and other corporations,
and he never scrupled to use his ex-
elusive knowledge of their condition and
prospects to his own interest and benefit.
AS counsel to these various corporations
he would recommend consultations or
other measures which would have q
marked effect on the value of their stock,
and then buy or sell accordingly before
the news of the impending changes was
made public. In this way he reaped inn
mense profits with a rapidity and safety
which no other operator could equal. On
the occasion of the amalgamation of the
Chicago & Northwestern with the Chica-
go & Galena, in 1864, he cleared great
]
| of the basis on which the consolidation
was to be made. AS counsel he pre-
| pared the arrangement by which the Chi
cago q Northwestern gave 100 shares of
their common and 100 of their preferred
stock, making 200 shares in ALL in ex-
change for 100 shares of Chicago &
| Galena. Before the facts were given to
| the public, Tilden, acting, l suppose,
0Dn his peculiar ideas of confidence
and honor slipped into the street and
bought largely of the two stocks in such
a way that when the terms of the con-
solidation were announced he found him
self many thousands of dollars in pocket.
a. He never made loss, for his caution
(some called it cowardice0 prevented
him from ever investing in stocks where
he was not inside the ring. / know of
plenty of instances in which he realized
heavily on the stocks of corporations by
whom he was retained as counsel, but
never where he lost anything. His gains
in Northwestern from 1862 to 1864 must
have been very great. In many cases
he bought the stock as low as percent,
and sold it after the reorganization at 25
and 80 He was the slyest and foxiest
speculator in all Wall street. When he
came into your office he sneaked in as if
a detective was at his heels. His whole
bearing was a mixture of impudence,
meanness and duplicity, such as have
seen nowhere save in pickpocket who
has been interrupted in an attempt on
his neighbor's watch or purse. In un
scrupulousness he had no superior in the
entire street, and as for his friendship,
know of my own personal knowledge
that he would sell out any one of hi!
best friends at a moments notice, pro
vided he thought he could make anything
by it,"
The testimony of ninc-tenths of thos,
who were associated or connected will
Tilden in Wall street bears out every
thing that has been said by the Times re
garding the magnitude of his receipts anC
profits, and the commingled avarice ant
meanness that impelled HIM to swindl
the Government and commit perjury il
order to save the payment of the wa
taxes upon his constantly-increasin
wealth. The contemplate character O
his course in this respect is only eclipse
by the malignity with which he attacke
and abused the Government which wa
udlly DIOlGClluS HlllSCll anu HIS lll-SOl
ten gains and atfording him Opportunitic
for fresh plumber. Said broker who di
4 business for him in 1862, 1868 and 1864
= 81 have actually heard Samuel j. Tide
! chuckling over Union defeats. For year
! he nevcrI ceased to abuse and malign tn
Government in the meanest and most III
> derhand manner, but during that whol
; period / never once heard him rejoiC
u u over Union victory, or condemn in th
slightest manner the conduct of the rel
els. The assertion made by the SuI
that Mr.. Tilden was an uncompromi
y ing supporter of the war for the Union
. is barefaced falsehood, and known
u be such by every man who associate
with him in Wall street in those day
!. Tilden has done many impudent thin!
u during his lifetime, but this attempt
Il his and his supporters to make him ol
II II an 'uncompromising Union man durir
u u the war is the sublimest piece of imp
II dence that either he or they have eY
:, attempted IN Y. Times.
-e Eyesight.
lr The late DIR. w. II. Hall, in an artic