The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-08-25

,ud tho tumble IN u'l ~" shares representing
f.r ..r,m railway Lines. aus well ~ the
cD properties brought about condition 1t
M f-lniu. h.duiro f rric' s. which staggered
ir -t,i-. u thorou.hy dcmoralizcd the rank
anlH.. WHO. danhlns from day to day, are apt
{. forget In ;hr .rA -trmont OF their daily cone
test. 70 maturity oi amy event. and. in this
,fs. an ..rnt winch must bee recognized nv all
s,,u4ihlr nirn as hciug the one fittor oi import
uur. co. quicken into new life the industries oi
tho country and start rs once more toward an
ERA ~ rrl4r.rity-an era that may not h' as
extra, lluni and exciting as the period aiur TIE
war. hu, wal hr FAR more robust. healthy. aud
cndurina.. mcun ~" maturity OF acrop. un-
,Nainploi in area and quality. and which. best
uf all hns upnu the other side an assured mar
kct Il good prie for ail mat "" can spare.
It hccauc apparent % me that there would
be- an inierro-uum oi two or thrO' months In
the early summer. w.irn railway earnings
would iali OIL consl'ra ami when those
whose iortltude WIS not equal To bearin., the
strain. or whose pe.uniary inahiiy To protect
their Investments should compel them tothrow
them overheard, would sell. This wis am op-
portunity viii, % -'ilnu occurs. am awaited
myself ot il To- uu cNtont the limit of win WAS
rcl.ulafN ou'v DIS ora l.u.'.
WIS surpr sid io find that men W whom |
have heard $50 murli-mrn vino hive been chief
a,fors Tor so many years IN Wall -tre, t-vere
within. ~ 4'l what thry had. amt sill very
lnr.,.y of what they ual MT iu thn- days of
dopr-- ~. Ani Nh'n th strikes eamc. ana
lhro urr.n ',- a. ltt-nur-h had appalled, even
ihr -t.li 81 -ir'uAtar-. tAoy forget ihe 81.
u.i lu t.r- hI'ody %, u,- tl" absolute safety
Of ii. position hy. 'or th,-r event. .hs-,n.-
lnad a-nn-' r"m aNl the a tors in them thc
d.-lrrf d,f .rruna'un of ever, mw-uhiling
ets go. every man wuo hal % property stake.
and o, O., nNn who Aad pride oi country.
IT, r.ut 80. tucr fore, could MT Doe OF long
DURATION.
at na- also had the ofrrc, ~ -howiuethe rail.
road O.mpiuit- tho follg of useless .nrlp.fi.
uon all ih.y must now hn 'ul.y uIi,.t,th.
n.s-- IS of concert OF acton. To- pr,. t.t their
-io.hlN l.r- ANA do lu-iiee 10 that large che
mori of utir population whose welfare is iu-
-cpar''y connected with the success and
prosperity of ;heii roads, moan tleir emu
l)s
"Nhf ] ana rraiiGed to-day Mt tho pccuniary
r'-lf- ff n.' In o.. ri-" az values ana SIN
NOR r.n..'l thHt ny judgment, and that It
lhN- who .srroi with mo- should have 90 last
found ,Nif --tnn ia tle Nuiae of Wall street.
assurins tAH ountry ol approaching prosperity
aud .t,.l. ID ]. ary confidence in tur FUTURE
Thi- irH.a-e r0p. wAi 10 will taN To- their
fullest 0,t 'nf a' Che rr-lur'.s 80 the railroads
at rom iu'rat.,e prices viii soon begin ~ max.
Tremendous impress upon the earnings ~
.hrr roads, aud the public somewhat Slows III
.nr- t0 awake Co now condition of things.
vii soon con dude that no moro prontall. IN
sesiiueut can ne made than In partnership with
these carriers of our great commoditirs. wh"re
HE roads are managed with honesty skill and
economy
Aihi- roint Mr. Kocne w o had remained in
al
exhausted. tu he gave the reporter Ills views
about iie telegraph pooling
TIE advancement said Mr.. Kaene "rro-
Eidrs cor the welfare of every storkholder in
he Atlantic and Pa III. Company. The figures
of Presidents orion and l. kert carefully
Ahuai"i from the books Of both comrnui..
and laid before the meeting assure. unlsrths.
p'olin. arrangement. not loss than q. per
~ni. Yer anuuni. MT unlikely 3 per cent. upun
'hc par value Of Atlantic and pdens. wh.h is
100 The contest. had u boon cont nned much
ongrr. would inevitably hive resulted in disc
ist"r Ia both companies. but especially - the
AtHniir and Patne Company rs they wer,
brought face To- fac with th" fat that a dolt
must be- incurred to expand their system in
order to make it Efficient; and every n.w line
lniIt and q Developed under The accent rat.
instead OF 100 r'as NJ III" profits. would have
run the cnn crn in debt. II rates had h.rn
raised without an aa.u-tm.ut what little
sympathy had been extended by the public
would have been alienat.d from them and d.
,ered 10 their more powerful rival"
Do you wish TO say anything u your roa-
tons with Mr.. Gould p the reporter asked
A. TO my relations with Mr. Could Mr.
heene answered. the puhlir and the future
must bee the Judges between Us. Mr. Sage can
tell YOU what my position has been through an
ut ffk .IirtlI .
months; and am glad o. say that have never
found a man in an my exp .riencc who has
proved himself more thoroughly loyal t. me-
unt more conscientious in the discharge OF his
very responsible duties. than has Mr. Sage"
J. the report that you called on Mr. Gould
for h"p. ana that Ae saw YOU through. cor
reft'
never sold Mr.. Gould share - sto.k. |
never mad "a conversation with Mr. Could in
t'"r n'' io money in add nay life. nor aid over .
As 30 FROM any human being In NV YorS.
ar 'l.re hern "A time when uay. mot l.au i
rr. ii-lo "a, conf lrni ~ nay position
anil H' .iv 90 t.." care oi everything ~. F
D'u-.i. PIG 'ouirr. | d.i oNr On the d.,
Si.n W. G.ul >lr. >l-o Mr.. simmons. AMI
p. ri ut' au H.r, au..rt g, bay West
-in i's. prize" for common account.
rr'-f .n.rtD krep that aer.-li.nt n-
'0H' ison on r. iu ORDER 20 rnnule M.
-Nnrt- IN tl- railroad ~. A-. .
pay u..in ny power O. depr.-- tuD-..
ul-At-" them Zoe anil save
''' I..-...r 1854. tii- sequel toad.-.u--
li D.'... tn! n}- 'l a- =. tln
fIr..' -Ae "a .itIr4AS 90 ihi-
ir rf- parties orr sent that n0fl q.
nHrl.. ?. ssh ~. | strongly i..l F
n'y explained O. you this