The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-05-21
PEACE IN RUSSELL SAGES.
Hc Pays All Claims Against Him and For.
gives His Enemies.
New York Iierald.I


| All was quiet Yesterday at Russell Sage's
Office. The twenty.four hours Of rest and
reflection which Sunday afforded to the
participants in the three-days' struggle OF
last week had evidently decreased the CON-
batiyeness OF both parties, and the result
was o state OF comparatively heavenly har-
mony.
The board across Mr.. Sage's door had
disappeared, and only one smiling police
man was in waiting to greet the twoscore
or so Of privileged holders wbo. gathered In
the corridor before 10 O'Clock. Had the
hold-the-fort policy OF last week been again
adopted by MIR. Sage crowd would have
| gathered In few minutes, and the exciting
scenes which ended Saturday would doubt
less have been repeated; but as every one
found that he was attended to with but
comparatively little delay. and that he OBJ
tanned about as much money as was due
him, the crowd, small az IL was In the be-
ginning, melted away entirely before half
past 10, and at no time during the re-
mainder OF the day were there more than
three or four waiting outside the door.
Mr.. SAGE PATIGUED.
A rumor was widely circulated in the
"street" during the morning that Mr..
sage's health had given way. and that he
thought seriously OF retiring from bust.
ness In consequence.
"That is all nonsense" said the great
privilege-maker to the Herald reporter as
he leaned back in his chair ard laughed at
the rumor. 81 am, OF course, somewhat
fatigued from the excitement OK last week,
but my health is as good as ever, and /
have no intention OF retiring yet awhile.
But / confess" he added, with q sigh,
s'that / don't care 10 90 through such n
strain again. The way | was treated was
shameful. Why, was the originator Of
this privilege business, and began in it
twenty years ago. simply and solely for the
accommodation OF small dealers in stocks
who hadn't enough money to put up safe
margin in Il brokers' hands. The business
gradually grew, and proved a great bless
ing to Wall street.
"But within the last few years the large
dealers have taken advantage OF it and
have gradually forced me TO deal in puts
and calls on much larger blocks Of stock,
and now, when by reason OF the panic
they see an opportunity 10 take from me
enormous profits, they raise an unearthly
clamor IL they are all not paid at once.
have never made cent out OF my prlvi-
leges; it has only been for the good OF the
street that / did it, and now they turn
around on me and abuse me outragcously
for not doing an impossibility. But,
nevertheless, / shall keep on in the bust
ness as usual. You know we must forgive
great deal in this world and make allow
ances for great deal more"
GOULD TAKES CARE OF no. /.
The enormous amount Of stocks "put !"
to Mr.. Sage continues to excite a great
deal OF talk in Wall street, and it is gener-
ally assumed that Mr.. Gould must have
lost control OF the market or he would
have assisted Dir. Sage IN sustaining it at
figures which would prevent such vast
amounts OF stocks being "put" TO the lat
ter. 1t is generally understood in Wall
street that Mr.. Gould is interested in
every "put" or I" call 4" sold by Mr.. Sage
and gets a fixed proportion OF the amount
received for them. In other words. it is
understood that he is partner OF Mr..
Sages's, and that it is through their united
wealth and skill in manipulating the mar
ket that Mr.. Sage has been enabled hereto
fore to amasS such large sums in this ordi-
narlly precariouS business. The state
ment OF MI. Sares lr'enus til'iJ lie mas lOsl
millions on the decline is accepted by the
street as proof that Mr.. Gould was unable
to stay the decline. 1t is said that Mr.
Sage became aware Of this some time
since, and bought back in the market
privileges which he had issued. Mr..
Gould was very much enraged at this little
manGuvre, and it now appears that it
would have been money in Dir. Sage's
pocket il he had bought them all in on
similar terms.