St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-09
Vanderbilt had ceased to take speculative
interest in the market
Views of Prominent Chicago Men
Special to the Globe.

Views of Prominent Chicago Men.
Special to the Globe.
CHICAGO, Dec. s.-The news Of the
! sudden death of William II. Vanderbilt
caused sensation in business circles this
afternoon. The fact was telegraphed too
late to affect stock speculation, but curb
stone operators of the board Of trade took
| occasion to bear wheat, and the market
| decliued half cent upon the receipt of
the news. A reporter for the GLOBE
called upon Mr.. P. D. Armour very shortly
after the news was received.
'aThe stock market will not be affected to
any great extent by Mr.. Vanderbilt's DEATH
said MIR. Armour. ''The STOCK market has
become entirely too big for the death of any
one man to affect It, or in fact for any man
to affect, dead or alive"
Mr.. w. G. Mcconnell, of the banking
firm of Mcconnell s. Kennett, said:
1--WE anticipated a temporary decline in the
general stock list, but nothing permanent or
serious. The market has for some time been
beyond the influence Of any one man or set
of men"
Vice President McMullen of the Alton said
briefly: ''It will create ripple; no more. He
could not avoid the common lot Of mortals,
and his death will unsettle nothing in the
railroad interests of the country"
Commissioner Midgely thought the death
of Mr.. Vanderbilt would have no effect
upon the carrying out of the trunk-line
contract. 1t was perfected and agreed upon
and all Of the details and negotiations
| closed. Vanderbilt had lived to see the alb
sorption Of the West Shore into the New
I York Central system, and it was coinci-
dence that his death should follow so soon
after. He thought that in Chauncey NJ.
Depew, the president, and Fl. ]. Hayden,
second vice president. of the New York
Central. the Vanderbilt policy would be
! fully carried out, as to these two was prob
ably due the successful pushing through of
| the negotiations that have resulted in the
present improved condition of affairs
among the trunk lines. Had the event Oc-
CURED six months ago, chaos might have
| followed, but the danger point had been
| passed.
President Keep of the Chicago 6 North
western railway said he was startled at
the report of Vanderbilt's death, as he
visited him in New York last week and he
then seemed in usual good health and
| spirits.
'There is no reason" said he, ''why his
| death should affect his railrOad property at
| present, at least. He has probably left a
will and until its provisions are known no
| one can say what probable effect his death
| will have. My impression is that he has
| made such arrangements rs will allow his bus
mess interests to go on with as little inter-
ruption as possible
Mr.. Fl. II. Porter. formerly president of
the Omaha & st. Paul, said Mr.. Wander
bilt from what he had heard had been in
poor health for a long time and had been
doing nothing but looking after his estate.
''All his business cares have been dele
gated to Others said Mr.. Porter. ''and at
| most his death will cause but temporary
illustration in railroad or financial circles.
The world is too big for any one to have any
great effect on its business. Even if Van
derhilt's property should be divided it could
have no material effect on the country at the
present time, when public confidence is so
strong. Had his death occurred in panicky
time the people might have taken a scare