The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-03-20

rooms. These men now are all gone, aud
tho theatre was burned down 2S years ago.
Windust was tho last of the merry group
that he once entertained. Like kind land
lord, he saw them all off the scene, and
then followed them to the house appointed
for all living.
EDITORIAL FAMILY.
l learn from the Times that Wendell
Prime oflicated in one of your pulpits last
Sunday. The family has some points Of
interest. Their early days were passed in
Cambridge, N. y, and tablet in the "Ol1
White meeting house" se"commemorstes pastor
Prime, whose services in that society were
OF the highest value. He died twenty years
ago in good old age, having lived to zee
his children attain honorable positions in
| life. His three sons became editors, au-
thors and tourists, with degree of sue
cess which no other family can equal. Will
liam G. Prime is joipt partner and editor
| OF the journal Of Commerce, the leading
business paper of America. Samuel and
Edward were preachers, and atterward be-
came editors and proprietots Of the O6se''U-
or. Journalism has made these brothers
rich, aud bas given them the means to trav-
ell with breadth that cannot be equaled by
any other family trio. William has pub
| lished "Tcut Life" giving delineations Of
oriental travel, and Edward made the tour
| of the globe. Samuel Prime (''1reneus"
| of the O6serVcT) has Travelled extensively,
both in Europe and America, and has pub
| lisbed several instructive and entertaining
works. Wendell Prime has also made a
tour OF Europn That such family was
reared in Cambridge gives an interesting
feature to local history.
TEXAS EMIGRATION.
The brothers Prime are among the few
who, coming from the country, have won
editorial distinction as well as wealth. En-
| gration hither from the rural districts is to
large degree checked by the pressure of
the hard times, while on the other hand
there is q tendency to an outward move
ment. The city ID at present so deficientin
business chances tha. a number of what
may be called first class" young men have
| gone to Texas In order TO raise sheep. They
| have bought large tracts of land at a low
rate, have erected cabins, purchased stock,
and now the former hd5r ss of the Fifth
avenue are engaged in pastoral life. One
of the number writes TO hi9 friends here
after his tair acquaintance in this city and
that each one, as q mark of honor, has
ribbon around its neck. This is pretty
fancy, and reminds one of those Of the
ideas found in Vigil's eclogues and Pope's
pastorals. The chief difficulty in the way
of these youths, however, is suggested by
this very tribute. New Workers. are too
liable to home sickness TO succeed readily
in other places. There have been fortunes
made in T,xss, but it requires patience
and close application. Formerly the "frst
class" young men of this city obtained sit
ustions in banks. insurance companies.
etc, but the shrinkage has put stop TO
this. The city is swsrming aud room must
be found elsewhere.
THE GOLD zICHANoR.
The proposed abolition Of the "gold
room" is another effect of the shrinksge.
For fourteen years this institution has been
feature in national finance. 1t has du-
J ring all that time been hostile in Its nflu.
ence 10 American Iururvvtr and dur;nc ,l-
rebellion was one of the worst enemies OF
the government. Twelve years have pass
ed since Ketchum's forgeres electrified the
gold room, of which he was one of the
most active members. Many others were
was Smith Eastman, who died in lunatc
asylum. He had been leading merchant,
but fell victim to the passion for specula-
tion. Here Jim Fisk and Jay Gould stirred
up the agony of "Black Friday" and al
though more than seven years have passed,
the courts are still busy with law suits
growing out Of its contracts. The gold
room was chiefly controlled by Jew bank
| ers, and the power and wealth Of this class
| proved one of the worst enemies OF the Un-
| ion. They succeeded in reducing the pa
per dollar to thirty-tive cents, and the fact
| that our government made its purchases at
such rate may explain the existence of SO
| large q national debt.
OTHER sHRINKAGRs
The rise and fall of the gold room indi-
cates the era Of initiation and shrinkage.
During that time there have gone to ruin
many lordly establishments, including Nor
| ris Ketchum & Co., Duncan, Sherman Il
| Co., Jay Cooke g. Co., Turner Brothers,
the Atlantic bank, and (nearly) the bank
| OF the state of New York. To these is 10
be added the failure of the New Jersey
| Central railroad, and msny similar insiitu-
tions, which once stood in high repute.
| The fate of the coal stocks ia peculiarly un-
fortunate. The Delaware and Hudson canal
company was supposed TO have passed all
danger. Forty. seven years have elapsed
since its first delivery of coal to this city
took place, the quantity being 23. 900 tons
From such small beginnings it reached
grand success, which has been followed by
partial reverses. The era TO which l re-
ferred embraces an expansion in value of
at least 81. 900, 900, 900 and then shrink
ago to an equal amount. One quarter of
this can be found in the increase and shrink
age Of real estate in this city alone.
HOW MUCH?
The question how much, in the Wander
bilt case, has three aspects. Firs. in the
query, how much William gave the heirs
in order TO induce them to withdraw their
opposition. Lawyer Clinton says his cli-
ent gave nothing. If this be true, we have
the wonderful fact that these contestants
suddenly changed their intention, while the
lawyers who advised prosecution OF the
case now sgree in its withdrawal. Add to
| this the fact that the contestants now re-
| fuse any Information TO the press, which a
| few days ago they granted readily. 1t will
therefore be generally believed that il Will
liam has not paid them anything, he has
certainly made promises of an equally sat-
| isfactory character. Such q result WAS gen.
orally expected. For although the will
would eventually have been sustained, IL
| were much better to avoid avexa.ilus law
suit--a long family quarrel. II is supposed
| that at ltast a half million in Central Hud-
son stock or Lake Shore bonds was prom
ised, If not conveyed. to each Of tho chill
dren. After this deduction William will
still have the largest personal estate in
| America. Then the lawyers. They OF
course are disappointed, for the suit would