Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1879-12-11
An Old Bear Frees His Mind
Rufus Hatch on the Stock Market
And So Forth.

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Rufus Hatch on the Stock Market
And So Forth.
distressing Statements n Respecting william II.
Massachusetts, Sale Of Cs.trsi steck-Jas.
ksens-And Various Osher subiecss.
New York SUM-
A reporter Of ours called on Mr..
Rufus Hatch at his Office, to inquire
about his views respecting the pres
ent financial situation of the country
and the great Vanderbilt sale. The
following is the concentrated wisdom
delivered during the interview:
Mr.. Hatch--As far az onr custom
ers are concerned the situation is all
satisfactory. We have little wheat,
pork, lard, cotton, and few per
cents but have not any Photographic
pictures to speak Of.
Reporter don't mean about your
own office or customers, bat this sale
of Mr. Vanderbilt's, aud its effect
upon the future stock market, and
why Mr. Vanderbilt sold his stock
Mr.. Hatch--I think the eale shows
that he is a. much ahead of his father
as the Commodore was ahead Of the
men he was dealing with in his day
Reporter-What do yon think Of
the statement that Mr.. Vanderbilt
made to the public
Mr.. Hatch-It is childlike and
bland; and had he employed Uncle
Sammy Tilden to make it, it could
not have been better done. He
should, however, have added to his
statement little Scripture, some
thing like "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. Possibly there were
great many things that he thought il
would not be proper for the public to
know. It is possible that he thought.
the proper time had come for him to
squeeze out some of the water his
father had put into New York Cen
trail, and invest it in four per cent.
Government bonds Taxes are Ger
tain to be collected to pay up omar.
terry dividends to hlm, and he will
have to pay none Of them. One other
thought he may have had, that New
York Central and Hudson River at
par value and premium added, is
about 5000, 900 900, and it can all be
duplicated for $4,000 OoO--every
piece of property that they own or
lease 1t takes $780, 100000 to 90
from here to Chicago, and it can all
be duplicated for 500 600 900 to $7o,.
100000, with shorter and better
road.
Reporter-Do you think anything
of that kind will ever be started {?
Nj. Hatch-Why, OF course, do,
Mr.. Vanderbilt realizes his own weak
ness first, and acts on it. They all
laughed at this new telegraph scheme,
and private subscriptions were made
for six times the amount it 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 for only two"
This remark was made at the time
he was laying in little Lake Shore
tor family use at from so to SIS year
ago last July, aud New York Cen
trail at par, and Michigan Central at
40 Then, again, he may have in his
mind the caucelling OF $3.50. 100000
Of legal tender greenhacks. You
know, Mr.. Vanderbilt, kind, gener
GUS, and benevolent as he is (rxcept
in the tax business) may be disposed
to feed those foreign lambs. OF
course. there is no reason why an
Amsterdam Dutchman or any other
gentleman representing the lambs
interest at home or abroad should
not have some of his chromos.
Reporter Judge, Mr. Hatch, that
you 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 lie a
regular tulip mania--anywhere from
IS TO 81 900 a sprout, on account Of
the scarcity. Only year ago last
July tried to make up a syndicate
TO buy Lake Shore here. ] went to
MIR. Sage, Mr.. Gould, Mr.. Morgan,
Mr.. Slocum, and others, to induce
them to buy Lake Shore at under 80
Mr. Keene was the only man who
had pluck enough to go in. He
bought about 5000 shares, and skip
ped when he had 90 points on it, al
though the boys all said it would
break bin at first. You could have
bought all the st. Paul you could
shake stick at at 50 cents, North
western enough to make you seasick
at 35 to 40, and every other stock
now considered first class investments
at corresponding prices. Our new
unsophistlcated bankers and brokers
are now buying these stocks on and
10 per cent. margins for every dray-
man, dressmaker, clerk, booiblack,
lawyer. and politician. These are
the lambs.
Reporter-How about the sale oil
the forty seats in the Stock Ex
change?
Mr.. Hatch-More of the unsophis-
ticated.
Reporter-Why, you don't think
the country is going backward, do
you?
Mr.. Hatch-Not by a jug tall =
Stocks that sold from 81 to $50 with
IN year are now selling from $50 to
$50. Their actual value is just the /