The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-08-06
DIR. wAssSERCUG,
TWO MIGHTY MEN IN STOCKS.
The atory ofvsnderbiIt and CnmAacA's
Deal Tossthar


The understanding in Wall street il
that Addison Cammack, the bear
leader, was long Of the market and
made shout s600,0C0 in the last upward
turn In stocks. The remarkable
lhllg about 10 ell il that the money
vas made 'lnost entirely in the Van
derhiltS hlch cold Cam" al Mr..
Gamma n is called, WAS short of dur
ing lss. winter sad spring.
It's now regarded as certain that
| there has boon an alliance between
him and William IL. Vanderbilt for
months back. Mr.. Vanderbilt, how
ever hos denied all along that he has
been operating with Mr.. Cammsck
The conviction that they have been
Is general in the street.
| A well-informed operator Eaid that
HIS understanding OF The deal was that
they tried the short side last spring,
| and Mr.. Vanderbilt, in order 10 help
stocks on their downward course dis.
Outraged any settlement with the
West Shore, and irowned upon tbs
( proposition TO sell tho South Pennsyl-
vania and Beach Creek railroads to
tho Pennsylvania. They labortd in
vain IN the street, but New York Cen
tral would not descend the scale.
They would throw hEavy blocks OF
stock ON the market, but tho object of
| thor attack would only sink a little
under the pressure and At once re-
| bound. Lake Shore was kept up by
sympathy with the Now York Central.
IL did not take long for the Interested
ones TO come to tho conclusion that
the euppert came from the j. Pier
pout Morgan and the English inter.
ests, who held IL up to protect their
large holdings.
Bslled ON tho short side, the big
operators turned TO tho long side aud
began TO buy. They bought quietly
| for n long time, until they had 40
cured a good line. -Four weeks ago,
when they kSd got enough stock, they
! s0t their brokers bowling Tor the stock
and the Vanderbilts began 90 climb.
Tho higher thew went tho moro gen-
ergl tho buying became, aud the first
thing the big men knew u stampede
to the'Sull ranks was in progress.
To mako suro that there should h8
no failure OF the movement on .ho
long sido, Mr.. Vanderbilt turned
obJut aud gayo his personal assurance
of o desire to mako terms vita both
tho Ponusylvanio and West Shore
lNt|NHs I|.N wow a'N'."N|.Ni 'NNMN IlN| NNs
NOred q retil0Mont was quietly lc- Out
just Gifor tho hrOk.rs received thcir
orders 60 begin booming operations.
Mhno Sir. Vanderbilt was I'm
Europe, IN May, Mr., Gould endanv.
ored 10 sstile up the trunk line fight
and bring about . restoration ofrGtes.
Tho comfort that he received from the
Vanderbilt roads was OF tho cold
kind. Tho inference that no was left
to draw was that Mr.. Vanderbilt was
going to fight 10 out on his line II It
took two summers. II Ia snld that,
while running up bis own stocks, Mr.,
Gould embraced tho opportunity TO "a
short ot the Vanderbilt with the ulti-
mato idea OF smashing things aud
realizing on hisHhOrts, lt rs llgowise
seid that ho rOitled privately on his
Vanderbilt nhorts last week.
Cemmack used TO live at tho Wind.
sor hotol. When he camu back from
Washington, In tho spring, he took up
his residence &c the Laugham across
the street from Nanderbilts houso.
Under the Langham len brokers of.
dee, where Mr.. Vanderbilt spont r
good deal of time when in town. For
some time past both Mr.. Vanderbilt
aud Mr.. Cammsok have been In Ssr-
atoga.
Dir. Nanderbllps losses on tho huh
eide during the heavy decline thai act
In in 1881 have boon estimated ns htrh
~ 100000 COO. Tho Ina rise h ogti
mated TO have made him all of 50 500.
zoo better OF than before 10 BEGAN
counting both his actual profit and the
increased value OF old holdings. There
not so much In Mr.. Vnnderbilps
n aaa |HHfH Ia .
mackR.
Mr.. Cammack has always been ro-
gsrued as ON unregenerato boar. Al
tnouRh no has been great bear he