The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1884-06-16
is GOULD HARD Up?
Rumors Affecting the Financial Sta
bility of Wall Street Kings.
Gould, Sage and sydney Billion said
To BE Up a Tree-What Gea-
eral Opinion SaYs-Eyery-
thing too Wet.

NEW YORK, June IL. Once more the at
mosphere of Wall street is thick with rumors
of the financial instability of the men who
for years have posed as its rulers ConsteT-
nation ruled on the street when, late in the
afternoon, the tidings few from mouth to
mouth that notes Endorsed by Jay Gould,
Russell Sage and Sidney Dillon bad gone to
protest. The rumors circulated with extra
ordinary swiftness, and many predictions
were made that TO day would witness a repe
tition of the scenes of few weeks ago.
The particular case cited as a cause for the
general uneasiness was the fact that a note
given by the Wabash road for S25, 600,
Endorsed by Russell Sage and Jay Gould,
was protested by the Union bank, 81
Wall street. President Dewitt c. Hays
was asked if the report was true, and
he did not deny it. This is the last
straw that breaks the Wabash That railroad
has floating debt represented by between
IS, 600, 600 and So 100000 After the road
went into the hands of receiver the parties
holding these notes clamored to have them
paid. But there was no money in the treas
ury with which to satisfy the creditors. The
holders of the company's paper then asked
for the Endorsement of Gould, Dillon, and
Sage. Dillon Endorsed it, it is stated, to the
extent of $3.50, 1000, and Gould wanted
him to pay the paper. This
made bad feeling between Gould
and Dillon and the money kings are on the
verge Of a serious disruption. 1t was some of
this Endorsed paper which went to protest
this afternoon. The Wabash company had
been trying to get banks to take the paper
and the Union bank declined.
The general opinion seems to be that Wa.
bash was the milestone that Gould had tied
around his own neck, and that the big watery
tumor was getting to be too much of load
for the little man to carry. Sage's misfortunes
have been heavy of late, and the mistrust in
the Wall street kings has been growing to an
alarming extent Much speculation fioated
around the hotels as to what the trio would
do in the morning to recover their lost
grounds Goulds losses through the shrink
age of his property have been enormous, and
as this IS well known on the street, the re
port that the bank hal protested his
Endorsement for the Wabash caused consid
cradle alarm. By actual computation Gould:
losses, through the shrinkage of the 800, OK
shares of Western Union, 100, 900 shares Mis-
souri, Pacific, 1000 shares Delaware, Lacka
wanna & Western, 90, 600 Wabash common
10000 shares Wabash preferred, and s, 200 o.
the American cable stock are placed at th,
enormous figures of 81, 642, 600
LATER-The street is nervous and excited
over the rumors that were rife of Jay Could
embarrassment. Undoubtedly he has sus
tanned losses and heavy losses at that, but s.
far as any serious trouble with the W all stree
financial ring is concerned, it has been dis
sipated by the great jump in Missouri Pa
cific and Western Union, the bulwark of hi
speculation. These stocks, with their Jun
of 80 per cent in Missouri Pacific, are nj
staying powers, and show conclusively tina
the iron hand that wears the silken GLOW
that pulls the string that loosens million
has yet its vise-like grip on the fortune
of the street. Sage's losses on Ri
puts materially affected Gould, for the
were indirectly calls upon him, and be SUI
fered but he has revived again, and ha
locked himself in his stronghold, wit
his money-bags protected by Missou
Pacific and Western Union, where his ferti
brain is planning schemes destined to mai
the unfortunates whom he knocks again
feel the power he can exert in 1t if he wish
to do So