Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-01-24

"a 80 But under all the brilliant,
dazzling side turned 20 the world there
lay an earnest, sincere nature whIfh put
nor wonderfully keen head 10 solid work
by her fathers SIDE poor kaNe Bayard
land she had TO the very brlu all taat
l1e can give young woman In the very
frpnf Of The whirl Of public and social
life.
Everybody who takes an interest In
tinaEgial nows has, Of course, read the
summarized statrnients Of the huSiress OF
the various Clearing hoaees Of the large
cities u the cSantry thot are sent cut
every Monday morning b1 the Associated
Press, aud which are always preSlced ~
the statement that they are "ccmpiled
irom special dispatches 20 the Boston
Post.n Next to Sew York, Boston Is the
greatest money center IN the inited
States. There is nothing that win bring
down q high.tlgiug Chicag, van like tkr re-
ceipt Of letter or cal from RostOner
He knows that money due is wanaed.
The AtchSon Interest Is great ~ Boston,
as ase, indeed, many other great railway
Interests. AS result the newspapers
requiV able pien IN charge OF their tluau-
cial columns, aud as q rule they have thefs,
For years the Boston Transcript, an
afternoon paper OF srcat Responsibility
and influence, had heen known az one OF
the brst ut the newspaper champions OF
the AtchsOn, Topeka s Santa he interest.
Whenever an apology for shortcomings,
such as viii invariably arise at times, WAS
TO be made, the Transcript was always
the organ TO make It, Ii had for an
editor Young man OF cxcepiional ability,
] thirty-foEr Years Of are, ana OF great
4 prominence In the best Boston social and
money circles. His prominence had been
earned, too, for he started out q poor lad,
/ His ability attracted notice, and he had
been able 70 marry Back Bay lady whose
father made her wedding present OF
! $50, 600 IN cash.
One afternoon in October last the Imam
cial world Of Boston was astouished
TO see the Transcript huge bear on
the Atchison interest, No one could un-
dcrstapd il. But for three or four days
the financial column OF that paper gave
circulation 70 the most damaging state
nirDts about the Atchison people.
On The nth day the story came ont, aud
a sad one II was The young tditor had
fallen He had gone in with two other
men in an attempt 10 bear the stock, and
used the transcripts columns TO do It
Further than that, he had Invested the
entire $50, 000of hts wife's money. The
attempt of the three proved abortlyo
The point Of attack was n very poor one
to select, and the time chosen was, II that
were possible, even more -tupid. In one
day the young and prosperous editor
found himself ruined. fastening 10 his
desk in the Transcript Office, he found I'm
envelope containing his discharge from
the paper, He had not the courage TO
t.a. Ii e.. h.. l..as.
of his mother who lived little way out
OF Boston. There he was stricken with
brain fever, aud when, after several
weeks, he recovered his strength he re-.
marked that, as IL was Christmas time, he
thought he ought TO have u sled and q
/, pair of skates. He Insisted upon having
these so strongly that they were pur
, chased for him, and he acted with then
like any boy az fourteen might have done
The sad truth was only too apparent. a
mental OK had TO be added To hi,
: financial amt business cataStrophe,
But TO come to the financial statomentl
of the clearinghouse of the country
which appear in the newspapers on Mon
!, day mornings. The name OF the com
$ pier OF these statements Is Henry A
: Pmkham, and he is thu financial editor o
. the Boston Post, aud py al odds tn
!. Iabest financial editor IN New England
= lie Is not alb We thirly-dve year
y of age, somewhat below the medium
\ height, a clever talker, always full Of ste
= rie-, Il capital diner u1t, ard what he eau
y u, see IN iinanrial transaction throug
= the gOld-harlf d spectaclvs which be wear
y isn't worth any one tlsc's While In tryin
q 30 see lie beaau hi financial writlBg o
% the Boston Commercial Bulletin, goln
a. fhf. ftl f.asi
le umn of which paper ne built M until II |
now, as II has been for number of year'
the recognized leader among the Hnancta
nt newspape authorities in New Englanc
Fl Compiling aud publishing the clearin.
r house statistics was MIR. Pmkham's i'd
u originally, but he had great d.
OF fcupy IN carrying Il out OWN
VI chiefly to the local jealousies fe
'" by the clearinghouse In the rival cttie
le Even Yet it requires all the tact he ca
IN command To keep some OF the Westcl
~ clearinghouse managers from kic61
su over the traces. saw recently son
e correspondence between the manager
The Kansas City clearinghouse and NJ
CT Pinkham and the manager OF the MINI
Ne apolis clearinghouse aud Mr.. iinkha
Q. that would have made racy reading II
.ei lowed to get into print, The correspHn
NC tnce was Intended by its authors Tor pu
e. lcatiun, so there can be no harm IN !
le' Confesnlng To have read II But shall n
ny abuse my Boston friends crnhdent
~ It is enough 10 say Oh
NJ there is no love lost hetwe
the respective managers OF these ri'
~ clearing huuses, nor does one take ma
use stock in what the other gives out rs
OF amount OF weekly business done. Ito
or ever, Kansas CITY and Minneapolis q
80 not the ouly warning clearinghouse maj
'au gers. They neatly Nil take a hand 10
Il casldualiy, and the task % keeping all
!. them even passnby good naturrd, a
NOT giving the statements of their business
en- The public every Monday morning, whl
.ne statements, by the way, have come To
lhe sort of business barometer for
ihe whole financial world in the Unit
me S,stes ~ M small one. ADMIRAL.
lug
IDr. Prentice.