New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-18

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Pacific Ocean and finally Mexico and Europe Judge
LOchane argued cases the briefs for which had been pre-
pared by Judge Harlan, now the Supreme bench MI
ullmsn preferred Judge Lochranes work as containing
that fervid and comprehensive survey natural to man
OF Irish stock Hc has assistant counsel and moves
from point point. In Legislature, again In
some Supreme Court and in the United states SUI
preme Court
gentleman referring to Mrs. Pullman, formerly:Miss
Sanger the wife Pullman car spresident said 10
me- When she enters the offices of the car company at
Chicago II l. agreeable the universal respect &C
corded her there from the people through the whole line
and stan in her devotion her husband and children and
their interests She gives the tone Of sentiment To mat
large army of conductors clerks mechanics porters
ETC. similar to what you ind in the British army toward
/ the Queen"
Banks repositories and money dealers but the
great expansion corporations in America has made TOO
many OF them bond agencies Hence the FAILURES OF
recent date generally found mixed up either with
some real or pretended scheme Of advancing money IN
tho large 70 supply provide construct something Inc
stimulus 10 do this Is the large profits Consequently
banking has got to be only another form OF stock an"
bond brokerage. The City Chamberlain who Is made the
custodian of the funds Of this great city has been part
/ ner In house Of brokers Wall Street IL seems
strange that precauton has een taken to Keep the
city Chamberlain from entering speculative nrm nut
the connection between politics and stock specul
| ton Is most Intimate. Tweed and sweeney Were
directors in OF the railroads while they hal control OF
the city The railroads whose stocks are dealt III
like steam railroad, were nearly all created by poll
cians The largest banking houses in the country nave
FOR several years back become tenders TO new construc
ton concerns, such electric lights, telephones rail-
roads etc. ease Is reported OF an old partner IN
banking house leaving the firm At the close OF last year
because he expressed the view tha not sound and
respectable banking to he putting on bonds deposit
ors. Another analogous was that OF well known
Spectator who found that Grant & Ward were paying
him something Ike per cent for his money. He
took sober second thought and said It cannot be hon
est 10 make such profits that and viii draw
ont" This shows that there general principles
undertaking under all conditions Of business. knew an
old man in a country who lent his money for per
cent year. person and offered him 10 per cent
for Il. The old man turned him and said: Sir, do
not you speak TO me again; You must be
dishonest you cannot 10 per cent honestly by
the use OF money"
Mr. Corcoran the banker NJ Washington. once related
to that old banker Georgetown. think it vas
General Mason the father OF James W. Mason, had Gus
toner who engaged In discovering perpetual motion
This customer enough warrant the bank in
lending him hundreds OF dollars repeated app
cations Finally the man came to General Mason and
said want get about three hundred dollars more on
my note / satisfied that have come so near dis
coyering perpetual motion that with this money Will
perfect the invention and trouble yOu no more
Jimmy" said General Mason, don't you think that
compound interest for money is near perpetual motion
az anybody can ever get - Compound interest il what
has filing the hospitals hercabOut with financial
Oken-backs and paralytcs
understand that Dr. Bailey, of tile best-knOwn
forms and faces Broadway OF the sufferers by
the failure OF Grant & Ward. lie is the OF Old
army surgeon recently died and left him moderate
fortune Being acquainted with Jesse Grant and his part
ner Mr. MOriarty, Of Boston. Dr. Bailey either in
vested or deposited his money with them and am told
that has lost from thirty thousand to fifty thousand
dollars
The blind pool necessarily would have mitators The
first blind pool that Mr.. Willard conceived to raise
the money buy enough stock Of the Northern Pacific
Railroad control IT, He had acquired reputation for
dlrcctnes- OF purpose. nerve and integrity The times
were rather fuh and It is said that he procured eight
millions dollars without guarantee as 10 what he
meant 10 10 with It, There will come a time when the
monkey Will try shave himself with his masters razor
This seens TO have happened the of Grant &
Ward; they also got upa blind pool and there were
enough observers OF the first boom
this "A while. The wonder is that enough ignorant
men OF riches could be found believe that the supplies
of the Government justified any such great investment
Emperor OF China IL is related by Hans Andersen.
was once approached by swndlers offered for
a large sum money to him suit OF clothes
very fine that only the perfect and wise eyes could
IT, Emperor accepted the proposition and often
went the using their nn2crs AT the loom
though he nothing there they explained It 20
arti-cay to hin that he willing admit that
he did not the garments A. the Emperor had
the fabric Of the great Mandarna had to and
applaud also so the entire kingdom would have been
swindled had been for little chi Id who. when
taken by the procession whore the En-
pcror was walking in bis suit, knew Just little
enough 70 out: Why mother the poor Emperor
has nothing on" When the great supply system went |
in procession nearly two weeks ago, the children
alone had not invested.
Now. the Government supplies have assisted to make
some moderate fortunes II seldom happens however
that snpplier keeps his money The methods by |
which he gets the supplies 70 furnish entangle him. I
rccoect Dewitt G. Wheeler and others the dry
goods trade who thought it would be great thing TO
furnish the Indian goods to the Government. These |
goods consisted Of blankets and other In the
end the had become politicians and office
holders but longer merchants. The supplying Of cat
Tie to the Indian posts Is apparently profitable but II
generally happens that the persons concerned IN this
business are pulled further and further into politics and
hardly live half their days The steps required to DC
taken 70 drive material trade with the Government IN
yolye ar but very cooheaded men. The supplies
American navy the supplies for the army posts and the
supplies for the Indians comprehend pretty much all OF
the supply business The transportation Of these goods
of the largest Items yet ignorant OF the opera
tons OF our Government were many or our Leading ct-
zens, at least richest citizens that they concluded
that the supply system a bonanza. Every one OF
these persons has a Congressman TO whom note could
have been addressed bu the understanding that it
too good thing let out. Here is whore the
scrupuOusness Of the times rather OF human nature
appears. Nobody wanted inquire whether the supply
system was perfectly honest Even now among the
people the indignation is not about the honesty of the
contracts but about the OF the pretence that
there were such contracts. The stationery engraving
bO0kblndng. etc. OF the Government amOnnt 70