Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1885-09-04
COMMUNICATIONS.
NEW YCRK LETTER.

NEW YCRK LETTER.
By the signs of the times it looks very
much as if there was going to be lively work
in the stock market as soon as our summer
birds get back. IN couple Of weeks they |
will be rushing home, and as most Of the hot
weather has been passed in figuring how to
do II, there is no manner of doubt but some
thing will be done. I met man on Wall
street-no matter about his name-but it's
the name of very sharp operator, and one
with great deal more than the average
Wall street conscience; he is a power on the
street-cool as an iceberg, with nerves that
would do for springs for locomotive.
asked him, How is the market? Booming,
said lie, booming But what is a good thing
TO buy asked. Buy? buy anything, he
said-they are all going up together. Now
that man is a constitutional Bull, and though
he has been ruined several times like good
cat he has contrived to land on his feet every
time, and when the bears thought they had
him for provender lie has turned on his tor
mentors and taught them such lesson that
they have been exceedingly cautious how
they vert for him again. He can see as far
into anillstone as most men. and OH isjudg-
ment prognosticate a considerable boom i'll
stocks There are certain infallible signs
that indicate the rise, not comforting signs,
but almost unerring. say, not comforting,
for they point to the success Of giant nlonop-
oly. Two Of the most gigantic monopolies
have struck hands where before they locked
horns-the New York Central and Pennsyl-
vania Central, and these two corporations,
absorbing all the collateral lines on their
routes, control with them entry into New
York City The Western Union stamps out
opposition after opposition till it holds the
entire communication of the country, by tel
egraph, in its grasp. It is in vain that inven-
ton after invention simplifes and multiplies
the methods of telegraphy. Each new in
vention, as soon as it is tested and proved, is
remorselessly swallowed up by this grasping
monopoly. Opposition with them all CON
tinues mp to the point Of destruction aid dis
solution. Vanderbilt 10 sooner gets posses
sion Of the West Shore than up goes the fare
from one to two cents a mile, which is the
fare allowed by law. The Western Union,
when it strikes the opposition of the Balti-
more and Ohio telegraphs quite reasonably,
but it costs as much 10 telegraph few miles
out on Long Island, or even across the river
from Brooklyn to New York as it does to the
city Of Washington, two hundred and fifty
miles away. It is pretty evident now that
there is a combination of all these elements
the Standard Oil Company included, to
boom stocks for their own salvation. Not
withstanding the prognosticated rise, my ad-
vice TO my friends is let stocks severely
alone. The chances are a hundred to one
that the stock you buy for a rise is just the
stock that won't go up Let the Bulls and
the Bears fight it out among themselves and
all get rich together. The stock market is
10 place for All outsider, and if after this
warning one ventures i'll he deserves to get
stuck.
It is only three weeks since this city was
draped in mourning. To-day scarcely yes
tige remains, and tile current Of our daily life
flows on the same dark rapid stream with
scarcely a ripple on its surface. One man
more or less makes very little difference i'll
this world-no matter how large the space lie
occupied when living Already General
Grant is but memory-but a memory can
onized and sanctihed It is interesting to
watch the crowd that daily comes to River
side Park. Nowhere else In the world be-
lieve can similar multitude be found-sc
quiet and so respectful There is sometimes
a little struggle for leaf or flower, but il
is the friendly struggle ofreverential admir-
ers for a souvenir of one they loved and hon
ored in life and reverence in death. So great
has been the travel to Riverside Park thai
new lines Of railway are being inauguratet
to accommodate If.
We are on the eve of revolution in on
transit motors, which will eventually drive
steam from our elevated roads and horse.
from the surface roads of the city. One o
the elevated roads is experimenting with al
electric motor, aud one of the surface roads
with a cable. The cable can scarcely be con
sidered an experiment for it has been in us'
on street railroads in San Francisco for years
and has been the motive power on the Brook
Ign Bridge ever since the opening. Neithe
can the electric motor be considered an ex
pertinent, for it has been in use on a railroad
in Berlin for FIVE years. so that New Yorl
will deserve little credit if both should prove
a success. The immensely of our stree
travel can only be comprehended by a study
of the figures. We carried on our surfac,
and elevated roads from July Isl, IssAto Jul.
1st, 1885, nearly one hundred millions Of pas
sengers, or about twice the population Of TIT
entire United States. twenty-five or tliirt,
years ago the mechanic and the iabere
walked to and from his work. Two or thre
I. miles was not thought much Of a walk, ans
the people took walking as matter ofcourse
Now nobody walks who can help it. TIL
Italian laborer, the hod.carTier, and the shoe
black, all take their rides.
All the week we have had regular zach
craze. All along the docks, at the clul
houses, in the hotels and saloons, you coul'
a. hear nothing but Puritan, Priscilla and Gen
: esta. Men worked themselves into a feye
. on the relative merits of the boats, and t
hear them talk you would have imagine'
that the fate of the State and the Nation de
pended on the result Ali Of the boass ar
: beautiful models ofthe sliip-builder's art ant
: yachting is a healthy and manly amusement
The unpleasant feature pfthe race was tn