The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-02-24

Thc MORE Gao stock II w4sered the
0rcnter tie Dtvfdcnds-A stock
ExchamEe whcrs both thu
Buyer and seller
Make Money.
prom Me New York Sun.

Wake Honey.
Prom The New York sun.
"This 10 the ago Of enterprise" said Uncle
Rufus Hatch, Of Wall street. Saturday
evening. anew projects are put on foot
every day, aud many of rhem walk plump
into the affections Of the people without any
certificate Of character. On Thursday sf-
tenoon western gentleman, interested in
the raising of cattle, made me novel props
osilion. At first thought it absurd, but on
reflection it appeared to be more sound than
anything that has fallen under my eye since
the Hebrew bulls and bears were driven
from Solomon's temple. He proposed to
raise $40, 100000. more or less, and devote it
to the raising Of cattle on the plains beyond
the Misrouli river. He said that he could
secure range 500 miles square, and with q
working capital of Sl0000,0O0 he could
stock it with million herd of cattle. With
proper care they would square root them
selves every four years, and within five
years pay at least so per cent. profit. He
thought that 10 time the dividends would
surpass those of my mining company ever
stated. Now, Rufus, said he, Twant you
to drop your Western Union suit, and take
hold Of this Colorado COW case
81 told him that my Time was fully oc-
cupied with art, music and finance and |
feared that / could not give his company tho
=. H. l>n &o
teaching Jay Gould the art of making
money, close my school, move west and
Give roy full attention to his cattle project.
i was about 10 refuse, whom the earnestness
and apparent sincerity of the man made me
hesitate. l bsgan'to reflect. A vast scheme
slowly unfolded itself in my mind. | saw
that all The cattle in the United States, from
Nsine to Mexico, and fcom British Column
ba to Florida Could be corralled on this
big ranch in Colorado. 1t might require
$500, 100000 of capital, but II was magDif-
icent project, and one which would readily
commend itself to the public. With home
enterprise and the aid of the Amsterdam
and other Dutch, the capital could bs easily
raised and the stock taken up, & first
mortgage bond might be issued yearly on
the calves and divided. among the home
trustees. The Dutch directors would be
satisfied with second mortgage on the
COWS. a third issue of deferred mortgage
bonds might be distributed among the bona
fde stockholders and blanket mortgage
on the bulls of Wall street could be offered
to the lambs.
"The more l. fought of it." continued
Uncle Rufus, "tbe more immense The thing
became. One big point was that it would
require no Legislative enactment to Increase
the stock of the company, for the stock
would nstnrally increase Of itself, and, more
remarkable still, increase the dividends in
proportion OF coorse, to please leading
bulls, Judges of the supreme court might
iustify the increase under the Consolidation
act OF 1870 and the act affordiDg facilities
FOR the increase of STOCK passed by the leg
stature OF 1871; but while thus pleasing the
balls. The decision would have no Injurious
eject to the original stock holders
aOne more mature reflection sa'6 Uncle
RuGis, Il thought it would be far better to
Start with capital OF At least $500, 900 900,
for the grazing lsrds. west OF the Misspuri
arc very dry aud afford Little or no facilities
for Watering stock. And then again. the
legal technicalities could possibly be discov-
ered by ex-iudges and other eminent law
yeFs which would compel the courts to fur
s.ish water. Consequently, while our sIock
WIS doubling and quadrupliug itsels, our
capital must remain the Same. To other
verde, we would be constantly Increasing
our stock without increseing our capital.
.Nor Is this tic only advantage 70 be
ohtaipod,n Uncle Rufus continued. "To
secure frsights for their roads, Jay Gculd's
railroad cotnpaniss would gladly jump at
90 opportunity 10 give their bonds ia es-
chang for our stock. This would give ue
the opportunity OF the century. We would
establish stock exchange where both
buyer snd seller would mRse money with
oul paying 100000 yeEr for standing
room. And then again, our extra stock
would be sure to attract general
attention, although, 70 b sure, a company
that can't lear an extra dividend, either ii
s.oclfs CT bonds, Amt much OK company
70 day. IL the water in Wall street could
only ba used 20 iTrigate tho western pleina,
what glorious country this would bo.l
Paul Boyttn's missing 6 magnificent chance.
" Ned eoune hsek from South Anaeriea
a. soon as possible ana sppoar ON Wall
atreo. In bis rubber suit, he'd rnske for
tune. Tho time Is rapidly approaching
wher many Wall street 1nancier viii wsnt
one Of those eeif-same suits. They'll sell NJ
q big premium before long. The food ls
coming, aud every men caught without a
life praerqer viii Get drowned Some
philanthropic sbipbuilder ought to lay tie
Eeel fog Az ark Immediately. There vii DO
!, greater t1ish for passage than there was
% Tho days Of Noah. The Iron Steamboat
,ofupnny will undoubtedly save SOME
ives, but ihsre'I plenty Of room form