New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-01
THE NEWS or THE CENTRAL s1LE
HOW THE PRESS Or THE COUNTRY LOOKS
AT 1T.
A CAxDTD REVIEW OF THE WHOLE CASE.
prosa me Hartford Post

ACAxDTD REVIEW OF THE WHOLE CASE.
From me Hartford Post
For some days past determined EFFORT mas
been made hy some OF - city ssshea
YORK TKiBrNE TEas Journal Ea5 ieng had a peclu ar
e.nSut'eneJ More an sny snsr yysf' mas ose
fionnl men ~ prominence IA business sud pub
in prnrortion 70 the number OF copies ds'r'b-
uied. There has long been az apparent desrc 70 bren
tris connection AM tue gbt renewed tins wrek
With morr liam tac usual iiterness. The sceasiop or
TIE preiex1 Tor the attack was the annrl"cr-
meat IN IHE TRlsuSE on Friday st that nesotlatiSns
of EevYorS Central 20 parties Interested IN the
n u actually cosed md THy TRIBUNE did not say
II had but Us c.iaca contemporaries. GA the STRENGTH
asserted thaf there any reality the report
tht Dir vanderbilt. bcing approached, positively de-
cinct TO entertain any proposition tnnt nc shcud part
with pogfiDa OF his stock. and that on his slender
anon INKS taf nega,iations wee pepdias that
TEs IrfeSF fonk the matter no for me prro-e or i'd
ing the stock ganL.ers- who were SAID 10 gave made
THIS version " the matter bad ne run until Thurs
day aud have doubt many OH friends ~
IHH TRTBrSE felt fwingrs 0f the Gstrist We acknowl-
cged to nave entertained I'm the any explicit
explanation. Brit Thursday n came cut ina. the
b.cn pending Tor sore weeks thar when 1HE 1RIBUSE
stated 10 Esd information that the arrangement
was practically consunmated." nearly elected"
substantially Completed" q told the truii ana gave
prre III sucn magnitude 90 mortiy me man
sgers Of pnpcrs that did not get hold Oft u nov
known thai m that TIME tfridnil MI NanaefhAt hai
signied his willingness IN sell, ana the other party hd
AGREED there details
That had not Drfn settird. lHL lhibtHE hdl" i
reported that the difference vas as 20 The price
directors n the Central instead ~ Two offered py an
derbif aud tine Banners asked that be- should pledge
market Tor q year Mr.. Field's experience with Dir
Tlen Is fresh in mind that II II not surprising
had received from various bankers In the secret TIE
TRIBUNE published the same connection The henal Of
NJ cSatnnl 70 I've f densis 70 The last
inf A.. uA had ua
sSoH II I'm rhe complete transaction was r-pos ed 70
hun Wed lesday evening. Here is part 81 what IiE
TRIBUNE said eitOriaiiy ab0ut tie report Oh FRIDAY
denial va: as 1 p pS saS by mr. no S, s Ts de
ccived who have. Oh s, no interest M the matter an
re 10 negotiate larger sale The Transaction 20
yeeierass 5epe S II once of M Ing 1r9u
line tetweea IAN Franc.sco aud Ss" X HewevsI ust
associate oInsr Interests Win as own ~ IN. eos.lP % N.
tended. his opinion. concentrate upon himself
livery word OF this - borne cut by the facts now
known. Mr. V.nder1its denial was " curious NE, 3e,
cause made with mental reservation. Inc
bankers consulted by The IRIBrSE exporters were not
deceived Dir. Vanderbilt had made his offer 40 long
before thar Mr.. j :. Morgan had tine 20 come from
London "a do the business Tor him The asreeent now
avowed covers " an even larger sale than that re-
ticn OF the transaction, to-wIt, " tine consummS-
ton Of tue long-tal ked-af through line between
SIN Francisco and Nrv-Yurk," Jest vnlt Mr. Van
derbilf ne mad IN mind In making TIE agree
meat And finally. Mr. Vande bits personal motive,
Ia avert the hostility which his gigantic holdings
tended In his opinion, 10 concentrate upon himself IS
precisely what Mr. Vanderbilt now openly avows 10
every rcpOrie- calls upon hun Several papers on
Thursday had his views az length on tns point 20 that
10 now appears that THE TRIBUNE told IT'S readers on
Friday about the negotiation lis object
and tfe reasons acIgating the seller or the stock
But if rs said the frightened lot OF timd
penne who NJ once proceeded sacrh,e tEoir stocks
Tor tic benefit OF brars." Well. and fault
was tuat l. THU TRIBUNE 10 be held responsible II
multitude ~ people have iltO Wall street 20
pluck the rich operators choose 20 gct neccesslY
frightened Yield themselves sacrifice to the wolves
they intended h-ecei Ia the thai ves ne news,
honestly AID fairly, 20 b. radGied with tie doinSs
OF Wal street OperatoFs simply because it got ahead
OF It's couempOrarcsi II would be simply impossible
20 carry out such gig3nnc operation "a.
this without ia being used by opera
tors on "tEe Street, The behind the
scenes continually using their knowledge OF wbat %
10 nauren to gel the better uniformed. But
IL Il prepuserOus that newspaper that turns
on mo Rghtcts the whC.e public into the stcretis 20
be held accountable II a panlcky crowd Of amateur
gamblers lose their heads and their money.