The Lincoln County leader. [volume] (White Oaks, Lincoln County, N.M.) 1882-189?, 1884-05-24
OUR NEW YORK LETTER

. ~ W nav w. CL ON .
to the rear and forgotten in a few
days by tho fellow gamblers who
beat him at his own game. A fail
ure in any Legitimate business is
always more or less a public Gala
NIFTY, but the kecnc failure is sim
ply one gambler plundercd to
nakedness by more successful gam
blers, and the Legitimate channels
- industry, trade and commerce
arc not in any degree affected by it.
Mr.. keene acquired a fortune Of
several million7 by lucky ventures
on .he Pacific Coast, and he made
the common mistake Of supposing
that three or five millions could
beat fifty or a hundred millions.
lie came to New York in state in
Il palace car, and Gould's reputed
prophecy that Keene would be
sent back in a freight car, now
promises to be fulfilled. keene
had conquered in California; he
staked all to conquer Wall street,
and he lost. That is the whole
story.
The excitement caused by the
failures Of the Marine Bank and
the firm Of Grant & Ward, sub
sided yesterday and the street
breathcd easier. Men VINO went
home the day before perturbed and
fearful came down town with
lighter hearts and with more conf
dence. AS the day progressed
and no other banks or firms sus-
pended, and as it became known
that the failure of the bank was not
so disastrous as at first reported, a
b%ouyant feeling prevailed. On all
sides it was said hat there was no
cause for alarm. The announce
ment by Clearing House Manager
Camp that other New York banks
were not affected by the failure and
were in Il sound condition, the ire
quently repeated assertions of the
directors that the Marine Bank
would pay 100 cents on the dollar,
the return of Mr.. Ward to the city
and the fact that the failure Of
Grant & Ward was not due SO
much to the financial condition Of
the company as to peculiar and ex-
travagant methods Of doing bussi-
ness, all tend~d to allay the tx
element.
The irony of fate can receive no
sadder Illustration than the sight
of a sisterin-law of John c. Cal
houn, the great statesman, and a
cousin OF the rich Van Rensselaers,
wandering pennilcss and homeless
through the streets of New York.
The policeman who on Tuesday
afternoon saw an old and feeble
lady, whose face was wal with
hunger and eXposure, and whose
clothes were wet with the pouring
rain, tottering along Greenwich
street, did not suspect that she was
so closely related to the distin.
guished South Carolinian and to
the family Of the old. Albany pat
room.
lie watched her until she fell ex-
hausted to the pavement, when he
fastened to her assistance. When
he asked her where she lived she
burst into tears and answered that
she did not know Several times
she shook her head, the hair of
which was perfectly white, as She
tried IN vain to recall her last place
of residence. The policeman, sus-
pecting that hermind was affected.
took her to the Twenty-seventh
Precinct Station. At night she
was taken TO Police Headquarters
and remained there all day yester-
day in charge Of Matron Webb.
Theatres here are gradually clos
ing. The Union Square is closed
probably for the whole summer.
Shook & Collier will not let it tor
any summer snap" excepting to
particularly responsible parties