Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-08


coming down in price, and the farmers
affected by the grain corners, trying to
hold their crops for better rates, there will
presently be q deficiency in the cargoes,
and that will make these companies restive,
and they will begin to cut each others
throats."
What my friend, the broker, said, at that
time, made no impression on me until
had seen since that the disorder
came into Wall street, that made
Gould himself cry aloud like
boy at school being spanked, for the sec
retary of the treasury to come to his as
sistance, not with $5,OOO,OOO or 100000
week, but with $25, 100000 or $3O, 100000
at once. have never seen a clearer in
stance of the superfuousness of newspaper
property to speculator than here. As
long as Mr.. Gould was within his own per-
sonality we never knew how badly he was
wounded, and he might have been bleeding
almost to the death and no one could see
it. Now, with daily newspaper, his
wounds flow into its columns, which begin
to groan when he is hurt.
To resume about my friend, the broker,
he said:
Vanderbilt is beginning just
at the wrong time upon
course of very extensive railroad ac-
QUESTION and construction. We are al
most at the end of the necessity for moro
railroads. He is now attacking the Penn
sylvania company in its own territory, and
is not only controlling the New York Cen
tral with the Reading railroad system at
very large expense over rough and diff
ficulty country, SO as to carry coal to the
Western states and Canada, but he is devel-
oping railroad lines across PENNSYLVANIA,
30 as to make the Pennsylvania road come
out of New England, where Vanderbilt was
long supreme. Mr.. Vanderbilt has also
acquired the Canada Southern road. He
is believed to be the chief owner of tho
Bee line, which connects the Lake Shore
with Missouri. The policy he has
begun is draining one. If we
came to hard times, while he is
extending in these directions, even his
fortune will be pushed to meet the claims
upon him, and he must inevitably be
drawn more and more into the street, and
so, say, believe he will dribble away the
great fortune now apparently safe in his
hands,"
Let US now take up, for a moment, some
of the bears on Wall street; one Of these is
ADDISON oAMMAcK.
He is tall, rudely put together, wooden
faced, Southern man. He may have come
from Maryland or some of the border
Southern states, but he was long known in
New Orleans, where certain of the family
live. Cammack has in his countenance
something of the old-style gambler
stolid, cold, yet affabls, and always measure
you as you como along, to see if you mean
business, and if so, he is ready for
you. He came to New York with but little
money, began to bet that things were GO
ing to be worse, that the bonds would fall,
that disorder was natural. He was Dem
ocrat, and allowed his views about politics
to get into his views about stocks and Sc
curities. His home was the Fifth Avenue
hotel for years, though now, I believe he
lives at the Windsor. The servants liked
him, as he paid literally for what he
wanted. He belonged to band of men
called the Twenty-third street gang, in the
vernacular of Wall street, who had an
Office near the Fifth Avenue hotel con-
nected with the street by wires, and there
they assemble, back their predictions with
money, and although they sometimes
made large losses, yet they were
retrieved as the stocks tumbled back and
back again from episode to episode, and
large losses made at certain times seemed
to be reacted upon by remarkable bear
combinations. the largest of all being, per-
haps, that which Cammack has personally
led during November.
BILL TRAvERs
is one of the Twenty-third street crowd.
He is still taller man than Cammack and
rather better put together.E He looks,
however, like statesman of the better
class, or some old Maryland fox-hunter,
whose cheeks are abundantly streaked
with the good wine and brandy he has con-
sumed. Travers has touch of the aristo-
cratic in him. He was for several years in
the brokers business with Leonard
Jerome, and they have kindred feeling
about horses and sporting matters. Trav-
ers has humor, which Cammack has not.
He is quaint, peculiar, indomitable in his
passion to make money, and is regarded
as one of the stirring characters about
town. Around these men assemble num-
ber of the sporting characters of up town,
and take their points as to the future of
the stock market. You see the McCor-
macks who were interested with Morrissey,
join the Twenty third street party often.
Down town the broker who operates
with this element is
CHARLEY OSBORN.
He is large, heavy, fattish,
black-eyed, voluptuous looking man,
with smile on his face,
yet sharp crafty look out of the eyes
now and then, and he, between his love of
physical sports and genius for making
money in the street, has become one Of
the most successful of men of his stamp,
and is now worth moro money than ever
before, some putting it as high as $5,OOO,-
600. His Office is not many doors from
the stock exchange, and has the usual lab
yrinths Of closets, back parts, side parts,
and front parts, and generally significant