New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-20
TWO FALLS AT SARATOGA.
LAKE SHORE AND GOVERNOR ROBINSON


IN STOCK OPERATIONS AND OTHERS HAVE BEEN
DISAPPOINTED IN wIRE-PULLING-GLoOM CAUSED
BY THE LAKE SHORE TUMBLE-THE PROSPECTS
OF GOVERNOR ROBINsoN's RECONCILIATION GROW
ING LEss-HIs FRIENDS NOT sTEADFAsT.
The recent fall in the price of Lake Shore
Railroad stock, according to a correspondent
of THE TRIBUNE at Saratoga, has had the
effect of causing heavy losses to some of the
sojourners at that thrOnged watering-place.
1t is also asserted in some quarters that
Governor Robinsons strength is waning. and
that there is a probability that he will not
be renominated by the Democratic State Con-
vention.
SPECULATION AT THE SPRINGS.
EFFECTS OF ovER-C0NFIDENCE IN RAILROAD ST.
CURITIEs-THE LATEST RIPPLEs IN THE PoLITI-
CAL TIDE.
IRON SPECIAL CORRESPONDENT OF THE TRIBUSE.l
SARATOGA, Aug 19.-There have been two fails
within few days which have luttered sadly some
OF the politicians at Saratoga. One the recent
drop in the quotations of Lake Shore shares the
other Is tho decline in the estimate Of Robinson
stock In the Democratic State Convention. The
Lake Shore tumble touched many pockets here.
The excitement had run high tho demand for the
stock had been very sctive orders to buy showered
in on New-York from Saratoga reports, confidently
asserted to be L" inspired" that New-York Central
would lease Lake Shore were freely circulated tho
spectators who arc admitted to the outer
edge of the circle Of Mr.. VandeIbt's ac-
quaintances fanced that they were deep
in the secret Of his plans, and plunged in
boldly all were hilarious and joyousy expectant
the point went around that Lake Shore was to
go up to par Suddenly there came a change. A
casual observer would have thought that funeral
was at hand In the United States Hotel. the head
quarters of the operators Indeed there was gloom
enough in the air TO furnish forth dozen funerals.
Among the saddened losers were several men who
combine the chase of the bull and the bear with
the pursuit of politics. Conspicuous among these
was one well-known Congressman, who is rumored
to have lost $4,000. RumOr may have put the
figures far too high, as she NAV have made over
estimate in putting the amount Of his previous
gains in stocks this year at 100000. The Con-
gresham has been living in much splendor here,
and driving ont to the lake in dashing style behind
costly pair of horses His lavish expenditure has
presumably been tho result of Wall-st. sue
cesses, for he inherited no ancestral wealth except
his name and politics has been his only profession.
He Is not taxed on q large area of real estate
anywhere, his title-deeds being where his office was
once described TO be by the opposing counsel
in a lawsuit against hm-"in his hat" This Con-
gresham had chastened air for time after the
fall in Lake Shore, and went about softly. He did
not seek the side of Mr. Vanderbilt, as of yore,
eager to catch the words of wisdom that might fall
from his lips. Indeed, he is reported to have de-
clared with some vehemence that his Guileess inno-
cence had been duped by the millionaire. However
that may have BEEN his mercurial spirits, the hap
piest heritage of his race, soon reasserted them
selves, and he was once more smiling and cheerful
6, 4 ot tIoo luh hons IN
make the roulette ball enter the little square num-
bered "s"-an attempt which cost him $1,000 in a
few minutes--dd not dash his good humor.
FALLING OFF IN GOVERNOR RoBINsoNs STRENGTH.
Though the keenest observers note "a falling
market" for Governor Robinson's political securi-
tics there has been such headlong descent in his
case as in that of Lake Shore. His pRrtisans, and
some wel-informed politicians not his partisans,
say that II he insists holding his ground and de-
mands a denomination, he will get it. They say he
viii surely have majority of the delegates in the
convention. But 1t is generally believed here that
within short time there has been growing desire
for Cancellation among the friends Of the firm of
Tilden Robinson q Co. Their action ut Niagara in
consentinG to go to Syracuse and not insisting on
Saratoga for the convention is mentioned one of
the many signs Of this. Tho Tammany men here
say that this is proof Of weakness and assert that
the victory was really with them at Niagara.
Though a majority Of the State Committee went
into the Tilden-Robinson caucus they claim that
two OF that majority could not be depended upon;
and that these two would have shown their hands
II there had been any fight over the
place Of tho convention, or if there had
been an effort to bind the members OF the
committee by a resolution TO support the nominee,
whoever he might be. They claim. also, that these
two will disclose their real position at Syracuse,
and by their action place the temporary organiza-
zion of the convention in the hands of the Anti
Robinson men. But they refuse to reveal the
names or local habitatons of the secret. dark and
mysterious two.
This claim finds believers outside the ranks OF
Tammany and the impression that Governor Rob
inson's fortunes are waning has other basis than
this Before the meeting at Niagara appeals wero
made from all parts of the State TO men,
bers of tho State Committee TO avoid
rupture. desire for Cancellation was
widely expressed. The Iiden-RobiDson branch
of the party has been stirred TO the importance OF
carving the State, There has been suspicion that
Mr.. Tilden had contemplated without Srlevous
alarm the possibility of the defeat OF Governor hob-
inson if renominated II the Republicans should
win this year. he would pose before the Democratic
party, and striking ms breast, cry out. Behold the
only man that can save New-York next yearP But
doubt seems to have obtrudcd itself INTO the
Gramercy Park councils. fear that Mr.. Tllden's
assertion of ability TO snatch New-fork as brand
from the burning might rot be received with I'M
questioning faith by the party at large, II he does
not do some preliminary snatching thus year. APP
pears TO have been felt and to have caused change
If tlan. Whether Mr.. Robinson VIII be the best
man TO put up in the face of Tammany opposition
has been seriously debated, and the answer seems
10 be inchning toward the negative.
TALKING OF CONTROLLER OLCorr'