The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-12-06
GRAIN, FORK AxD corroS.

| y NNNAt ttsstNR
New York Sun,
A reporter Of ours called on Mr.. Ruius
Hatch at Ills Office, to inquire about his
views respecting the present financial ait
uation Of the country and the great Van.
dcrbilt sale. The following Is the concen.
trated wisdom delivered during the inter.
view;
Mr.. HatCll-As far as our customers are
concerned the Situation Is all satisfactory.
We have little wheat, pork, lard, cotton,
and few 4Per cents, but have not any
photographic pictures to speak Of.
Reporter-I don't mean about your own
office or customers, but this sale Of Nj.
vAnderbilps, and It's effect upon the iu.
ture stock market, and why Mr.. Wander.
bilt sold his stock?
Mr.. Hatch-I think the sale shows that
he Ia as much ahead OF his father "a the
Commodore was ahead oil the men he was
dealing with III his day.
RepOrter-What do you think Of the
statement that Mr.. Vanderbilt made 10 the
public? III.
Mr.. HatCh-It Is Childlike and bland;
and had he employed Uncle Sammy Til.
den 10 make II, 1t could not have been bet.
ter done. He should, however, have add.
ed to his statement u little Scripture.
something like 1.-THE harvest Is nearly
ended, or Feed the lambs" There were
probably many things in Mr.. Vanderbilt's
mind that he has not made public. Posi-.
bly, there were 4 great many things that
he thought It would not be proper for the
public 10 know. 1t is possible that he
thought the proper time had come for him
TO squeeze out some OF the water his faith
er had put into New York Central, and
invest It In four per cent Government
bonds. Taxes are certain to be collected
to pay up quarterly dividends to him, and
he will have 10 pay none Of them. One
other thought be may have had, that New
York Central and Hudson River at par
value and premium added, Is about S90O-
5000, and II can oil be duplicated for So.
000, 000-eyery piece Of property that they
own or lease. It takes $500, 0O0, 600 TO 70
from here to Chicago, and II eau all be du-
plicated for SO, 900, 600 TO 5000, 900, with
4 shorter and better road.
Reporter-Do you think anything Of that
kind will ever be started?
Mr.. H1tch-Why, Uf course, | do, Mr.,
Vanderbilt realizes his own weakness
first, and acts on It. They all laughed At
this new telegraph scheme, and private
subscriptions were made for SIX times the
amount 1t required to duplicate every pole
and wire or other piece Of property that
the Western Union own. Then, you
know, Mr.. Vanderbilt may have in his
mind large crop in Europe, and then we
should hear again the same remark that
Mr.. Vanderbilt made last year: Five
trunk lines from the West, and business
Tor only two" This remark was made at
the time ho was laying in 4 little Lake
Shore for family use at from so 10 IS, 4 year
ago last July, and New York Central at
| par, and Michigan Central at 10, Then,
again, he may have in his mind the can.
ceiling Of SIS 00O, 900 Of legal tender green.
backs. You know, Mr.. Vanderbilt, kind,
generous, and benevolent as he Is (except
on the tax businessl, may be disposed 10
iced these foreign lambs. OF course,
there is no reason why an Amsterdam
Dutchman or any other gentleman repre-
senting their lambs interest at home or
abroad should not have some Of his chfo.
mos.
Reporter-I judge, Mr.. Hatch, that yon
are very bearish on the stock market.
Mr.. Hatch-Oh, no, not at all. have
no interest except, as stated before, for
our customers. This is regular tulip
mania-Anywhere from S. TO $1,000
sprout, on account Of the scarcity. Only
year ago last July tried TO make up a
syndicate 10 buy Lake Shore here. | went
to Mr.. Sage, Mr.. Gould, Mr.. Morgan, Mr..
Slocum, and others, 10 induce them to buy
Lake Shore at under 60. Mr.. Keene was
the only man who had pluck enough 10 20
in. He bought about 5000 shares, and
skipped when he had 20 points on It, al.
though the boys all said II would break
him at first. You could have bought all
the st. Paul you could shake stick at at
IS cents, Northwestern enough 10 make
you seAsick at IS to 40 aud every other
stock now considered hrst-Class invest.
ments at corresponding prices. Our new
unsophisticated bankers and brokers are
now buying these stocks on s and 10 per
cent. margins for every drayman, dress.
maker, clerk, bootblarI, lawyer and poli.
ticiap. These are the lambs.
RepOrter-How about the sale Of the
forty seats in the Stock Exchange?
Nj. Hatch more Of the unsophisticat
ed.
RepOrter-Why, you don't think the
country Is going backward, do you2
Mr.. llatCh-Not by jug full. Stocks
that sold from 81 10 so within year are
now selling from $50 to $40. Their actual
value Is Just the cost OF the paper, ink and
press work. Isn't that prosperity enough
It's too good for me, too good for me.
Reporter-Why do you advise your
customers to buy wheat, and what are
your reasons for bulling at the present
time?
Mr.. Hatch-The more you tind out
about the true condition Of all Europe the
less you will find they have, or, In other
words the more they will want up to the
next harvest You will also find out, on
intelligent inquiry, that tho crop In this
country has been overeStimated, and
while II Ia good, big crop, the exports
since August last show that the farmers
have made very free deliveries. Probably
so per cent Of the whole crop OF wheat
raised In 1870 has been sold from the larn.
eES' hands.
Repurter-Well, how about provisions'
Why do you bull provisions?
Mr.. Hatch-Pork, bacon, sides, hams
and short ribs are all filling, II you eat
them, and tho same inpreBscd copSuRp.
tive demand Is certain to exist as on
wheat.
RepOrter-How about cotton?
Mr, HAtch-rhe cotton crop Is about
the same as last year, little larger per.
haps. The consumption Of goods all over
the world, and especially In this country,
will be from 80 to 80 per cent. larger than
ever before. Factories, warehouses, coun.
try stores are oil empty, and the manu-
factories In this country have no stock on
hand. In addition 70 this there d the
speculative demand and the tulip mania, I"
which will strike the cotton, grain and
raised,
Repoher-liu Mr.. Keene any interest
In whGat2
MIR. llatch-You had better AK Mr..
keenc about his wheat business, or any
other business, HA would not tell me II l
should ask him. The Chicago dealers and
the ChiCago press abused him like pick.
pocket because be bought few bushels
Tor family use and paid for Il. My impress.
sIoH9 4Ip,. AoYeYeEI that tho Sh6rt e6!lers
Of Eheatit Chicago Will flnd themselves
: oil limbs before another crop, and those
that are selling provisions or taking the
short side will be hunting the woods for
,i ..cSs. Leaving oil joking aside, Mr..
Keene first commenced pRcyding for .ac'
, cldentSin the markets, aud Mt. Wander
bIlt second. A good many Of the boys
; are skating on thin Ire, and M. Van.
Q d0rbIlt viii tAke my advice hA VIII Put al