The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1877-08-15

tie fashion and gone TO q summer re-
sort they keep their front blinds clos
ed. and 90 10 and out the area door.
The fact is, the moderately wealthy
haven't had the money TO SO away for
three years, and many of them have
discovered that the air is about as
good in a well-appointed house IN
the city as it is anywhere. The
summer resorts are all losing money
this year. The farmers down on
Long Island who can set a fairly
good table are making a great deal Of
money by taking summe bcarders at
seven dollars a week, the same people
who used to live at Long Branch and
Saratoga of ten dollars q day. The
hard times has blighted the summer
resorts.
JAY GOULD POUNDED.
The city was astonisLed, and de-
lighted as well, on Thursday by the
intelligence that a stock broker nam
ed Selover had beaten Jay Gould. 1t
appeared that Gould was carrying a
great deal more of Atlantic and
Pacific telegraph stock tina. be want
ed, and be did not have as much
| Western Union as he needed to con-
troll that gigantic concern. Selover,
Keene, the Californian, and other
operators were in a tight place with
various stocks that they had, and they
appealed to Gould to help them.
Gould agreed to this, for be was
short of the stocks they were over
loaded with, and be joined the con-
federscy upon an arrangement that
they would let him have 10000 shares
Of their stock, Gust enough to save
him from loss and that they should
as a matter of safety unload their
Western Union. They did so,-
Gould's brokers bought every share
of Western Union they put upon the
market. By this smart operation be
got stocks enough at q low price to
cover what be needed, and got pos
session Of Western Union 1t was a
wonderfully acute transaction, and
be made a mint CT money by it
Naturally they were indignant at this
piece of sublimated ~rascality, and
Keene tried to shoot him. Selover
did not attempt to avenge himself
with the pistol, but be went for Mr..
Gould the first time be met him, and
knocked him down an area, and
pounded him until he was halfkilled.
SeloYer says he did it to brand him
as q liar, a thief, a scoundrel, and
a mar who is incapable of doing a
fair or square thing. Gould is, doubt
less, the most INSCRIPTIONS man lir-
ing, as well as one Of the most
shrewd and daring. He knows no
such thing as a friend, aud to make a
point in the market would sell out his
grandmother. He was not true even
to bis partner, Fisk, and no mar on
the board who has ever done bust
ness with him. has escaped, provided
it was for his interest to play him
false.
THE CHARTER OAK.
The turn Of the tide in life insur-
ance has come. The insurance com
panies of Hartford, and the promi-
nent citizens, determined that the old
Charter Oak, with its splendid record,
should not go down, and they rallied
to save it. Marshall Jewell, ex.Pos.-
master General, and one Of the most
eminent manufacturers of Hartford.
has accepted the Presidency, and a
board of men of similar capacity and
character second him. The old com
pany will go on, and pay dollar for
dollar. 1t is well, for the ruin of the
companies was making trouble eve
rywhere. The unnumbered thous-
ands who have the hopes of families.
based upon life insurance, want to
have some assurance that their help
less heirs will get what they con-
tracted for. The weak companies gre
about all played out now, and those
remaining, with perhaps q or two
exceptions, may be considered sound.
BEER.
We have had no famine-food has
been plenty during the railroad dis
turbanees, but there has been a drouth
in beer. The beer made in this city
is very bad, aud the better-class Of
people get their supplies entirely
from the West. 1t comes on in re-
frigerator cars, and there is. never a
large stock Cd hand. The railroad
troubles interfered with t~ransporta-
ton, and there has been a drouth.
The beer drinkers go up and down
athirst, and they MOURN for their ia
vorite beverages, and will not be
comforted because they are not
There are fifty carloads of beer a
day, from Toledo, Milwaukee and
Cincinnati, consumed in this city,
and you al imagine the consterna-
tion when the thirsty soul is inform
ed thar it is out. The first car lead
since the strike came in yesterday,
and it was made the occasion of o
jubilee. The Western brewers are
building ice-ho uses here now in which
to store their supplies, 50 that this
viii not occur again.
THE WEATHER
is cooler, and business has revived
perceptibly. There is every indica-
ton OF a good Falls business.
PIETRo.