Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-04-25

AalIcaster ftltelhge1lrer.
MoN1AY EVENING. APnfL =. 1891,
Mr. Covers Great Speech.
Mr.. Gowen, on Saturday evening, held
in rapt attention an audience which
filled the Philadelphia Academy of
Music, talking about the affairs of his
company. He brought his
heaters into full sympathy with himself
and proved that he was an orator of the
very first order. Mr.. Gowen has great
qualities which naturally have attracted
to him the admiration and sympathy of
all men. He il q bold, brave and honest
a man as evee lived. I'VE know no one
now on fhe thsatfe of the world who
stands forth SO pre-eminently esteemed
for courage, truth and honesty, and so
capable of commanding the minds of
men by the sloquence Of his tongue. he
possesses the great advantage as an ora
tor of speaking from his heart the con-
victions which he profoundly enter
tains and of speaking them to men who
know that he honestly entertains them
and is inspired By no sinister aim.
That Mr.. Gowen always has an audience
which has this sort of confidence in him,
accounts in large measure for the
warmth with which, he is constantly
greeted and. for the. great effect
of what he says. He is a man of
the kind whom men worship and will
blindly follow. lie believes in himself
to a degree rarely paralleled by man of
equal ability to make other men see as
he does. His success is not therefore
astonishing, even considering his falla-
cies and failures.
In his present contest he las the good
will of everyone-everyone at least out.
side the small set of men who are Oppos-
ing him for selfish purpose-because
every one recognizes that however great
have been Mr.. Gowen's errors in the
past management of the Reading com
pany, in its present exigencles his trans
cendent abilities are just the sort it needs
to resurrect it. There is general belief
that the opposition to him is made up OF
those who have a selfish interest in
wrecking the company, and engineered
by lawyers who have been attracted as
the buzzards are drawn to the carcass tt
he fed. A dead creature is just the kint
such men need for their fatness, and Z
sick one is the sort they flock around
Mr.. Gowen spoke with great severit!
of these men, but certainly will
none too great. Every person of decent
instincts must wish that the troubles o.
this road should cease and that a speedy
settlement should be had of the lega
difficulties The fact is ascertained tina
the majority of the stockholders sustain
MIR. Gowen yet i'll face of this the op
posing lawyers undertake to set up a
president vice president of Mr.. Could
Texas & Pacific road, through the forc'
of a technical election by third of thu
stock. which should not in honesty b'
taken advantage of and which cannot in
the long run be of any avail. Mr.. Cover
makes serious charges against the homo
of these lawyers, who charged him will
trickery in not holding the annual elec
ton in January, when the trickery seem
to have been on the other side for j
seems that the clients, the McCalmonts
agreed to this postponement, and tina
Mr.. Gowen remained in Europe in con
Sequence. 1t seems that the smart law
yers over on this side have heen takin.
advantage of the weakness of their eli
ents away across the water and have beel
doing pretty much rs they pleased
The conclusion is that they have axe
of their own to grind, and that the inter
ests of their clients do not wholly guild
them. There seems to be in thei
movements the evidence of a stron.
hidden hand. The general opinion ha
been that Mr.. Gowen's financial schem
isa good one for the stockholders AIT
the surprise has been that he fOun'
moneyed men willing to take the defer
red bonds. Yet he says that he Wa
offered within a week in London te,
times as much money as he wanted.
He gets in here a very enjoyable an'
pregnant reflection upon bankers syndi
Gates, which are paid fat commission
for acting as agents in disposing of bond
that sell of themselves. The govern
ment of the United States has employed
these syndicates and Mr.. Governs tes
timony of the ease with which he boz
rOwed ten times as much as wanted fO
a bankrupt railroad in less that weel
will emphasize the popular opinion tina
Secretary Sherman's syndicates were or
ganized only to filch from the govern
ment for the benefit of the favored ring
Naturally, Mr.. Gowen thinks, he wa
not in favor with bankers. Tony Drex
el advised the London peopl
that Mr.. Gowen was not mucl
of a business man which proves
if it is a sound opinion, that j
don't take much capacity to he banker
which we have often suspected in con
templating Tony's success-for Ger
tainly Mr.. Gowen's borrowing capacit.
shows that he would have been a yer,
valuable member Of banking syndi
cate.
Mr.. Gowen is very much disposed t.
kick at the Pennsylvania railroad mana
gers whom he seems to have found t,
be set of liars and thieves