The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-04-10

estate. Few are left who can remember
Irving in his genial happy hours of con-
versation. Perhaps the only one in this
city who Qn addition to kindred) can recall
such scenes Is Moses ii. Grinnell. His
house was a favorite resort with the author,
and has witnessed many a brilliant coterie
of political and literary distinction.
SOME OTHER NAMES.
April has given the world some other
names which will not soon die. Jefferson
was born on the 81, and had he lived TIL
the present day would be 1874, In antede-
luviau times he would still be in boyhood.
Wordsworth was born on the 7th 1770)-
period when British poetry had got 10
its lowest condition. Goldsmith was the
only exception He died in 1774. All that
was not artificial died with him. Words
worth, however, revolted from the thral-
dom under which he was born, and restored
the muse to nature. John Hancock's one
hundred and fortieth birthday will be on the
18th. He was hardly 40 when he wrote
that dashing signature to the declaration of
independence. The Oath will be the birth
day of the great Oliver Cromwell, which
occurred 21S years ago--a name Bot born
to die. Monroe, the last of what are called
the revolutionary presidents, was born on
the 29th (1759 } and he was the only one
of the whole presidential array that passed
his last DAYS in this city. He was post
master of New York, an office bestowed
on him in consideration of his great servi-
ces, and one especially welcome because
his old age was shadowed by poverty. His
son-in-law, Samuel l.. Gouverneur, served
as deputy and assumed the whole care of
the Office, and it was at his house that the
venerable ex-president expired, July a.
1881. April not only gave us two presi-
dents, but on its last day (17S9) Washing
ton was inaugurated and the federal gov
ernment went into operation.
HENRY CLAY.
The centennial birthday of this remarks
BILE man will occur on the 18th, thus giving
additional brlliancy to the April galaxy
of American stars. Clay, like Jefferson
and Monroe, was of Virginian birth, and
inherited that genius for eloquence which
was 80 characteristic of that state. This
made him worthy of rank with Patrick
Henry, to say nothing of John Randolph,
William Writ and other lesser stars. Like
most of our great men he was sadly dsap-
pointed. No man from the days Of Wash
ington to those of Clay deserved the presi-
dency equally with the latter, and fraud
alone prevented his attainment of that emil
nence. One of the chief instruments in bis
defeat is occasionally seen in the streets Of
this city. refer to Is,iah Rynders, who,
as president OF the Empire club, carried
this city for Polk through a system of
fraud on which even Tweed could hardly
improve.
SOME OTHER FACTS,
The April record brings us other facts of
a still more thrilling memory. Most of our
readers can remember the bombardment of
of Fort Sumter, the battle of Shiloh, and
the capture Of New Orleans. Then the
massacre of the federal troops in Balti-
more was identical with the anniversary of
the battle Of Lexington. The surrender Of
Lees army commentaries the 9th, and
the following 14th will always be sad day
in American history since it brought the
assassination Of Lincoln. The purchase of
Louisiana was also an April event; and
thus the lights and shadows of success and
disaster fall upon the chronicle of this
month with startling rapldity.
STOCK ITEMS.
This month may also claim woeful dis
tinction in the stock market, since the aver
age depression is such as has never been
witnessed since bulls and bears began their
conflicts in Wall street. See how the Van.
derbilt stocks are assaulted. There is the
Ohio and Mississippi, Of which Daniel Tor
rance was president, now selling at J.
the property being in the hands of re-
ceiver. Lake Shore has never before this
month been quoted az low as 46, while Cen
tral Hudson at 90 is $25 share less than
last April's sales. The decline in the ag-
gregate of this stock at such rate is near
ly $25, 5,000,0 900 within year. Then look
at Michigan Central selling at 40, which
few years ago stood at 116 also G. c. G.
and l., which has sold as high az 1S5, now
quoted at 90. The heaviest shrinksge in
Wall stredt quotations is found in Pacific
Mail, which has sold as high as 800, but is
now quoted at IL. At this rate you can
now buy % shares for the price formerly
paid for one. Panama Is the last standard
stock to totter and fall, its present quota
tions being 90 sgsinst 400 in its palmy
days. l well remcmber when this railroad
was planned. The stock was taken up with
great avdity within an hour after the open
ing OF the books, and in q few days 1t was
sold at 1875. The work of construction was
slow and costly, and before the road opened
the price had declined to so. As soon as
travel began quotations advanced, and soon
reached 400, the annual dividend being "a
per cent. in gold.
TINES ORANGES.
This day, however, has passed. The Pa
ciic railroad.has impaired the traffic of the
islhmus and has become Wall street fan
cy. The fact that three per cent. divi-
dend had just been declared, seemed only
to precipitate its decline. 1t is a sad thing
for corporations when a dividend, instead
of assisting, only swakens suspicion and
infiicts damage. Such, however, is the
present state of things. The decline in
stocks is not confined TO Wall street. Bal
timore and Ohio, which lately stood at 100,
is now down to 1875. This is due to the
railway war. The fighting corporations
can hardly look for anything beyond meet
ing their expenses. Heavy freights are now
transported from this city to Chicago at So
per ton. and perhaps a still lower rate
would be practicable in large quantities.
This is runous competition.
BLUE PROSPECT.
With Erie down to 5, with Toledo, Wa
bash and Western at the same figure, and
Indiana Central at 2, the question what is
to become of our railroads is one Of appal-
ling character. 1t may be said that the
above mentioned roads have always been
fancies. and never paid dividend. Well,
then look at New Jersey Central, which for
20 years has paid 10 per cent per annum,
and which is now quoted at 81. The best
has turned out about as poorly as the
Wnrat