The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-02-20
PRETERHATURAL FINANCIERISs
The More the stock In Wstered she
Greater the Dividends-A stock
Exchange where Both tho
Buyer and 8elier
Make Money.
trom the Now York sun.

From the New York Sun.
"This is the ago of enterprise" said Uncle
Rufus Hatch, Of Wall street, Saturday
evening. anew projects sro put on foot
every day, and many of them walk plump
into She affections Of the people without any
eertiacate Of character On Thursday Of
ternoon wealern gentleman, interested in
tao RAISING Of cattle, made mo q novel props
ositon. Az first thought il absurd, but o.
reflection ii appeared 10 DO more sound mar
anything that hiss fallen under my oye since
tho Eebrew bulls AMI bears were driven
ron solomoa'q temple. He proposed to
raise $40, 100000, more or loss, and devote it
to the raising OF cattle on tha plains beyond
the Missouri river He said thst ho could
secure range 500 miles square, and with 8
working capital of 100000 he could
stock il with o million herd of cattle With
proper care they would square root them-
selves every four years, and within Ave
years pay at least 50 por cent. profit. He
thought thnt in time the dividends would
surpsss those of any mining company ever
stated. Now, Rufus said be, Il want you
TO drop your Western Union suit, aud lake
hold of this Colorado cow c'sc'
81 told him that my time was fully oc-
cupied with art, music and finance and
feared that could not give his company the
attention required. He urged mo to stop
teaching Jay Gould the art of making
money, close my school, move west and
give my full attention TO bis cattle project.
was about 10 refuse, when the oanestness
and apparent sincerity of the man made me
hesitate. began to reflect A vast schome
slowly unfolded itself in my mind. ] saw
that all the cattle 10 the United StAtep, from
Maine 10 Mexico, and from British OOlum-
bia TO Florida, could be corrAllei on ihia
big ranch in Colorado. Ii might require
S300000,00 Of capital, but it WAS a msgnif-
iccnt project, anA ons which would readily
commend itself to the public. With homo
enterprise and the aid Of the Amstordam
and other Dutch, tho capital could DO easily
rosed aud the stock taken up. A frSs
mortgage bond might DO isJued yearly on
the calves snd divided among tho home
trustees. The Dutch directors would be
satisfied with g second mortgage on the
cowa. A third Issue Of deferred mortgage
bonds might be distributed among the bona
ilde stockholders and u blanke. mortgage
on the bulls Of Wall street could be offered
to the lambs.
'The more l fought of it," continued
Uncle Ruius, "tho more immense the thing
became, One big point was that it would
81.
the stock Of the company, for the stock
would naturally increase Of itself, and, more
remarkable still, increase the dividends in
proportion. OF course TO please leading
bulls, judges of the supreme court might
justify the increase under tho consolidation
act of 1870 and the act aifordiDg facilities
for the increase of stock passed by the leg
islsture of 1871; but while thus pleasing tho
bulls the decision would have no injurious
effect 10 the original stock holders.
"0ne more mature reflection" said Uncle
Rufus, II thought it would DO far better to
start with capital OF at least $500, 100000,
for the grazing lands west of the Missouri
are very dry and afford little or no facilities
for watering stock. And then again, the
legal techuicslities could possibly DO discoy
cred by exjudges and other eminent law.
yers which would compel the courts to fur.
nish water. Consequently, while our stock
was doubling and quadrupling itself, our
capital must remain the same. In other
words, we would DO constantly Increasing
our stock without increasing our capital
Nor Is this tho only advantage TO be
oNtained,' Uncle Rufus continued. "lo
secure troights for their roads, Jay Goulds
railroad companies would gladly Jump al
an opportunity TO give their bonds in OK
change for our stock. This would give us
the Opportunity o. the century. We would
establish stock exchange where both
buyer and seller would make money with
ous paying $4,000 year for standing
room. And then again, our extra stock
dividends would be sure to attract general
attention, although, 10 be sure, o company
that can't bear on extra dividend, either M
stocks or bonds, amt much of company
day. If the water in Wall street could
only DO used to irrigato the western plains,
what glorious country this would be
Paul BoytGn's missing q magnificent chance.
If he'd come back from South America
as soon rs possible and appear on Wall
street in his rubber suit, he'd make for
tune. The time is rapidly approaching
when many Wall street tlnsncier will want
ono Of those self.same suits They'll cell al
a big premium before long. The flood |.
coming, and every man caught without a
lifo preserver will get drowned. Some
philanthropic shipbuilder ought to lay the
keel for an ark Immediately. There will be
greater rush for passage than there WA
10 the days of Noah. The Iron Steamboat
company will undoubtedly save som,
lives, but there's plenty Of room for al
ark"