Arizona weekly citizen., 1884-01-26
THEY HAVE MONEY BUT NOT THE PEOPLES CONrrnFNCE


 After all it does not seem there IS much satisfaction to be derived from great wealth when the possessors of such wealth does not possess the confidence of the people. The pople of New York have been deceived so often that when ! Gould or Vanderbilt express themselves as to the probable condition of certain stocks, or the general outlook of the country, they take it exactly the reverse of what is stated, unless they have good reasons of their own for arriving at dif- ferent conclusion. A single issue of one of the leading journals of the east of re- cent date contains a very fair expression Uf the manner in which Gould and Van derbilt are regarded in New York. First dispatch: In the face of Jay Gould's bright pictures of the future of the country a few weeks ago, it is currently reported that be is lquidsting.
 It is asserted thut block of 100000 1 shares of Western Union stock alone was transferred by him to an English | syndicate. Wabash, 1t is said, was in a bad,fix generally and would be placed m the hands of receiver. The ques- ti0n was eagerly discussed in wall street, and the general opinion among the brokers was that his losses had been so | large that he had to throw over large blocks of his stocks. A report was also | current that a bank which had loaned ! D. lur mt |nFnn | stock at 60, had called its loan, and he had been unable to respond, but had ] told the bank officials that they would 1 nave to help him through.
 Second dispatch:
 The recent attack upon the West Shore road by NIT. Vanderbilt, in which he also attempted to create distrust in the public mind regarding a large and l influential moneyed corporation by req son of its financial transactions with the road. has created feeling of indlgna- | tion among bankers and business men throughout the country. Referring to his latest utterances, a prominent bank CT said to-day: 'I have within the past two or three days talked with many of | our leading bankers and others having large moneyed interests at stake, and there was but one feeling manifested regarding MT. Vanderbilt. His despica- | hle attack upon the credit of a great life insurance company ID his recent in- | terview relative to the West Shore road was condemned. IL was felt that a man | occupying his position should not have | permitted his rage to get the better of | b judgment. and eDdeavor by his pub 1 lic utterances to create a panic and alarm among the great financial instItu- lions of Wall street merely to forward his own schemes
 Thus it will be seen from the dis patches, that Jay Gould tried to induce the people to purchase his stocks, at a time when he knew that if they took them they would lose heavily. Van- | derbilt did even worse; be tried to dam age the standing of reputable insur- auce company in order to advance his own interests. It would seem that such men as Vanderbilt, who have more money than they know what to do with, would go about their own business, and | give others a chance to attend to theirs. But it is not so. These great moneyed men have their noses into every mans larder. and either take It by force, or grind it into dust by stepping upon it with their overgrown feet. But it IS some comfort so know that the people are getting their eyes opened to their methods, and that the future promises fewer dupes to their merciless and ras- cally schemes.