The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-23
A SPECK OF WAR.

RuMoRED TROUBLE BETWEEN WALL STREET
DEoKERs-RuPUs HATCH INDIGNANT AT RUS
SELL sAGE-ExcIrEMEsT AT LONG BRANCH
VIAL DOES IT ALL MEAN?
by TELEGRAPH TO THE HERALD
LONG BRAscH, August %, 1871
Tho Wall street war appears to still agitate tho pub
lie mind, and tho operators passing the summer nj
Long Branch Oh the lookout this evening
Tor another fracas that rumor stated would
assume sanguinary proportions. 1t appears
that tho pooling OF the earnings OF the
Western Union and Atlantic and Pacific Telegraph
companies has not been exactly satisfactory 10 all the
gentlemen operating Wall street. and consequently
those that were short OF Western Union undoubt-
edy heavy losers by. this financial deal.
MR. RUFUS LOSER.
II was stated yesterday Wall street that Mr. Rufus
Hatch was heavy loser by the transaction, having
been short Of large line OF Western Union. aad In .
conversation that he had yesterday with we'll known
stock operator he was heard speak very exctcdly
as to the manner in which he had boon treated by
tain other magna.cs OF tho street.
RUSSELL SAGE ACCUSED rRKAcuRgY
It was rumored here this afternoon that Mr. Hatch
SAID he had sold several thousand shares Of Western
Union stock on the guarantee OF M Russell Sage that
there would be no settlement between the Western
Union and Atlantic and Pacific Telegraph companies
With such promise from Mr. Sage he felt certain that
Western Union stock would fall In value In the face
however, OF such guarantee, Mr.. Russell Sage had
deliberately entered into an agreement with the
Western Union which resulted In an arrangement for
the pooling Of the earnings OF the lines thus
sent up Western Union stock to its present price.
MR.. HArcH's RAGE.
Such is the story and also stated that Mr. Hatch
talked In very excited manner about the way in
which he had been duped and stated that he was 60
ing down to Long Branch by the afternoon boat to
force q settlement from Mr.. Sage or else no should
have satisfaction"
LOOKING FOR BATTLE.
With such rumors war floating around the brokers
abont the West End Hotel were naturally on the qu
rice Tor ngh and kept close lookout Tor tho prin
cipals.
Mr. SAGE ON THR GROUND.
Mr.. Russell Sage, usual, down on the quar-
ter to four boat cm New York and proceeded at onco
TO tho West End Hotel
ARRIVAL HATCH.
Mr.. Rufus Hatck arrived at the West End about
seven O'Clock r ~. having left New York about an
hour later than Mr. Sage. and registered his name on
the book lie did not ask for room, however. as he
said he intended to return Now York this evening
He smoke to several Of his friends who were stopping
the house, but to the establishment Of those on the
lookout for row he passed AR. Sage without ap-
parentiy noticing him.
~ Dsi, NO ROW ALL
He appeared to be In search Of some ono else. and
finally disappeared, having evidently made . call on
some Of the boardors IN the house. In q short con-
versation that he held with q Wall street man he
stated that he had como down on buSincss and was
going TO return to New York this evening Every
body appeared mystGed In regard to the matter and
awaited further developments
GOES HOME.
Shortly boforo nine O'Clock p NJ Mr.. Hatch appeared
again the vestibule of hotel and after talking TO
two persons jumped into a stage and was driven
the Central Depot, where he took the quarter past
nine p. II. train for New York.
''HAs RUSSELL SAGE BEEN sHorPn
Soon atterward ANXIOUS INQUIRIES began to be made
for Mr.. Sage. as despatch had arrived from Wind.
HOTEL New York, asking tho rumor In circuls.
ton There to the effect that RUFUS Hatch had shot
Russell Sage was true Tho question was soon an.
swsrod by the appearance OF MI Russell Sage in Dor.
son, looking vol no looked bis hie and
apparently mono tho worse for any encounter.
.P4 as sAGEs srATExRNI
The HERALD correspondent, anxious 10 get at some
facts in she matter called Mr. Russell Sage ana in
tho course OF conversation elicised the follow n g
iactsMr Russell Sage said that no could not imagine
how the had beon circulated that thcre were
any differences between Mr.. RUFUS Hatch and him
self. lilo laughed heartily when shown the despatch
from the Windsor Hotel asking II he had been
shot, and said ''why have not spoken to Mr.
Hatch this evening saw him in tho hotel hero and
he passed me or twice. but did not speak me-
understood that he had como down on business with
other gentleman who is guest In tho house. In
regard the statement that gave Mt. Hatch guar
that would enter into arrangement with the
Western Union people l can only say II is
business transactions with Mr. Hatch whatsoever
cannot understand why my name should DO brought
up this matter, a. iAstcad Of having any H. feeling
toward Mr.. Hatch have only the fricndliest kind Of
disposition toward him" In conclusion Mr. Sage
added that as far ne concerned thoro was not
the slightest foundation for the rumor
The matter was talked over during the evening by q
number OF tho Wall street brokers' but they appeared
loss understand where tho trouble really origi
natod. ono gentleman stated that no believed tho
original rumor true, aud that the matter had been
arranged through the medium Of Q third party, who
well acquainted with both the principals. II Is
certain that Mr. Hatch cosoted for some time
with a well known Wall street operator here at tho
West End Hotel, and when he left for Now York ap-
pearcd apparently satisfied with himself and every.
body else In tho world.
EXCITEMENT IN THIS CITY.
The rumor freely circulated last night up town that