New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-20
ABOUT TOWN IN LONDON.
FOGS, FINANCE, AND THE AMERICAN
ABROAD.

NE.l
LONDON. February %.
A great deal has been written and said about
London fog the half has not been tod that s the
worst hail. and would not be easy to do It, pleasant
day during the winter months is such exception that
the Londoner never fails go into state OF ecstasy
and to remark TO his American friend: Come now you
cannot find fault with this you know" 1t is singular
experience to out when real oldfashoned black fog
Ia when you can hear the carriages In tie streets and
can't them and when TO undertake to Is gross
fraud the Accidental Company In which you are in
sured Newcomers have funny experiences.
few days ago cOuntryman friend with his wife, who
Is young and handsOmer than he Is essayed to out
for a little shopping. Tho fog dreadful In at
tempting to the street they got cut on and sepa
rated by intervening cab. The husband landed on
the opposite curb and supposed his wife to be at his
heels AstOnished to find she not he rushed back
Meantime his wife had crossed in pursuit Of him. He
became alarmed and the street and down again
fruitless search The aid OF the police invoked
and after a vain search somebody suggested that
Madam might have taken cab and gone to the hotal
Visions OF an e0pement haunted the mind Of the jealous
husband but he drove to the hotel Madam there,
and she in state OF mind" She was mad, very
mad and any with the usual experience Imagine
how tropical she made II for him. He told me coniden-
TALLY that the little episode cost him well on to fifty
pounds. OF course apologies have commercial value.
Nothing less than OF those ftygunea Regentst fur
domans restores harmony In such case Nothing less
did in this at any rate. Moral: Don't go out shopping
in London on foggy day without having string to her
London is full of Americans. They swarm here from
the east tho west aud all points Of the compass mostly
with schemes -: cattle ranches, ines or railroads
In railroads there is OF always more or less bus
ness doing but in and ranches little or nothing
There have been two three sales OF cattle ranches
after months OF worry and labor, In most Instances the
vendor having to take interest himself equal to II not
in excess his profit The seller gets little or no cash
down. but must he get his payments by install
ments as the shares allotted II Is trying to the I'm
patient character Of the American TO do business with
an English syndicate for the moment you begin 10 deal
with numbers 30 many times your vexations null
tiplled each " wanting 10 know you know y; and
the united talent Of the entire syndicate Is devoted to the
discovery Of weak points your statements, and when
all are cleared up ones will be imagined
The first question Is: II this Is good why do YOU
want to SELF" You can safely calculate that it will take
you whole month to satisfy them on that head. and
then You 20 on 10 the Long list Of flaws submitted etc
The man that comes over here with a scheme must bring
along two essential things patience and plenty of money
for expenses; and II after months Of ve1aton labor.
disappoin hopes fears and annoyances, he sue
coed, last he has most assuredy earned his noney-f
h. gets It. IL ia sheer folly for any one TO bring any
schemes over here now 1t will prove waste Of time
and money, and whoever comes II prudent will get
return passage ticket ondon expenses will be pretty
sure to bankrupt him long before he has made an I'M
presson on the market There Is unusual depression In
the market just now, and most decided prejudice
against new investments, and especially abroad Bank
rrs and promoters are loaded up with securities they
have failed TO float There nobody left free to take up
new things the public absolutely refuses to take
shares I'm even the most attractive investments backed
by the best names. the British public had pretty
severe in foreign investments in the gold mining
excitement I'm Indn two three years ago IL Invested
ten million pounds In these mines not IL this Instance on
the reports OF the barsted Yankees but of their own
pet mining engineers Not one penny ever has been
realized or ever will he. This Is Offset 10 any Utah
or California swindes although You still hear the Emma
and Telegraph mines quoted They never will get over
these examples Of what they call ~Iankee swindes,"
although they have bad at their own DOORS perpe-
tratcd by their own people
In the cattle ranch investments made they have no
cause for complaint all thus far having proved profit
able and these enterprises destined to he popular
here but lust al this there great many In
the market and selling There is great exaggera-
ton too the prices named being obtained here for
properties. You safely discount so OF even 20 per
cent from rmor And when you hear all this talk about
millions being obtained for this property and that you
may set II down IA bosh l know OF certain mining
proprty being placed hero recently, taken by syndi
cafe and put on the market for several Millions and IL
was positively asserted at that great headquarters for
windy Americans. the Amcrcan'ENchange, that every
share had taken by the public. and the man who
know from personal knowledge that only about five
thousand shares had been Sold amounting 10 $4,000
and the syndicate have got to staggcr Under the load
until better times
II siirprl.cs one 10 SEQ what pancky set London
CAPITALISTS are and how greatly the NewYork market
influences ths They always awaiting the next news
from Wall street not much In the matter of railroad
stocks IA the general condition of things. New-fork
may be sad to rule London. and is second only to the
Bank OF England in it, influence the money market
There ia one thing the English capitalist has got his
dose o. and that is railroad stocks. In parlance
he has got warmed that g. he thinks and so would
ANYBODY that had invested largely and them falling
day after day until 1t seemed as If there was no bottom
loft or to be reached. OF course most of the loss falls
upon general public that had invested for the income
from dividends
uisn great mistake to suppose that the London capt
toll,t IA satisfied with or per cent Don't believe
any such nonsense Go to him with scheme and show
him where he make matter OF 20 per cent expect
ING 10 a4tonish him. He will astonsh you by saying he
thinks II hardly enough-nOt an object; and before you
Get through You will change your ideas that Wall street
ont Ucrods Ierod for "cheek" l will venture to say
fom perona knowledge that there is here as large in
tere,t demanded and paid big returns for mony In
specuaons and for the use OF 1t IN enterprises ana
schemes as Wall Street ever show. Moreover
capitalist with money to use can ma as prohlaDlea
market for II right here In London in NewYork not
vthstauding all this talk about low interest. True,
there Is a large conservative element people with mod
crate incomes who cannot afford TO take any chances
md who for safety are ready to Invest their money I'D
home securities ut low rates; but touch even those on
an Investment In america and they Immediately want
% per cent per The truth Is, England very
suspcous and has very little fathn America Tor when
Amcrica NAV thank those who have put so many little
iobs ND on England. All Of which contains moral and
that il that Is picnic to come here and try to sell
property or carry through enterprise and man
thinks he Is smarter than other people and that he can
do II when Others fail. don't know aOetter ohaheo ior
him to have the concelt taken out OF him
Speaking of smart fellows, II you. want to see the
great American blower to perfection drop III at the
American Exchange In the Strand any day about IL
o'clock and hear the gathered colony talk. You will