Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-07-25

speaking terms with Theodore moss'
lie gets presents from female seminariss
and testimonials from the costumers'
He IL clever, he gave the best definition
once Of comic opera. +" A whirl AND
swirl Of girl" said he, and then went "a
sleep.
THE COAL TRADE AND THE STOCK
MARKET.
The coal trade seems TO be utterly
demoralized, and large lots are reported
to be bought at tidewater prices almost
as low rs those OF the coal panic OIL
1867. OF course the great coal corPo'
rations like the Delaware, Lackawahna
and Western, the Reading, the Della
ware and Hudson, and the Lehigh VAL
ley are trying to make the best OF q
bad Job, and not only deny all cutting
Of prices, but assert that the limitation
Of the August output to $500, 600 tons
will give them the chance soon to advance
the price Of coal from IS to so cents ton.
All this is bumbug; for, in the first
place, the limit is surT to be secretly
exceeded, and in the second an output
of these dimensions added to the stock
on hand both at the East and at the
West, is alone sufficient TO bring prices
Of both -oal and coal stocks down.
| The Liam fact il that, exclusive OF the
individual producers of coal, each OF
whom clcim their proportion OF the
yearly output of $4,000, 900 tons, there
is q capitalization Of some 400, 100000
Of the large colr Anies to be provided
for on the chap.er Of fixed charges and
dividends, and it must be borne in
mind that some CT these companies
have perpetrsi cases at G, I, and,
as in the case Of Morris and Essex,
for instance, s per cent. per annum.
How the coal trade can in its present
condition provide for these demands is
more than any man Of average common
sense is likely to be able to answer.
Still, the Delaware, Lackawsnna and
Western stock sells at l27, and that Of
the Delaware and Hudson in the neigh
borhood of par,
The general list is kept steady, and
some of the cheap securities have even
shown en- advancing tendency, but
there seems to be no organized bull
party, nor is the general public ap-
parently coming into the market. The
sustaining power is attributed to foreign
purchases and to the manipulation OF a
few Chicago spectators and of Mr..
Victor Newcomb.
A YOUNG FINANCIER.
With the exception Of the late Charles
F. Woerishoffer, II. Victor Newcomb is
probably the youngest man who has
ever attained prominent position in
Wall street through his own efforts.
Since the demise of men like William
II. Vanderbilt, Charley Osborn, L. ID.
Morgan, ID. p. Morgan, and the finan-
cisl effacement Of men like James r.
Keene, George !. Seney, the Ciscos, and
others Of that ilk, Newcomb has occu-
pied a decidedly prominent position in
the street, and did it in such way that
few people knew anything about his do
ings. lie was born in Louisville, KY,
some forty-two years ago, and before he
had completed his twenty-6rst year be-
came o clerk in the well-known house
of Z. d. Morgan & Co., the ex-Gov-
eInor Of the State Of New York. lie
subsequently became a partner Of his
uncle, Warren Newcomb, but overwork
soon undermined his health so that he
was compelled to take a years vaca-
ton. This year he spent principally in
Southern Europe and in Alglers, re-
turning to find that his uncle was dead
and the firm Of which he was a MEM
Der dissolved. In 1874 Mr.. Newcomb
made trip to London in the interest of
his father, who was then president
of the Louisville and Nashville
Railway Company, and conduct
ed certain financial negotiations
so successfully that upon his return
he was elected q director Of the road
and in the following year was made its
president. His management Of the
road resulted in his election to the
presidency in 1880, but owing to a re-
peated attack of i'll health, he was soon
obliged to resign the position. In 1881
Newcomb, associated with the late
General Grant, Morris X. Jesup, Will
liam X. Travers, and few other promi-
nent men, organized the United States
National Bank, of which he was chosen
president. Under his management the
bank proved an almost phenomenal
success. Newcomb is very domesti-
Gated man, and is seldom to be seen in
public places. He is very fond Of horses
and works Of art, of the latter Of which
be has quite a remarkable collection
1t is only due to his shy and retiring
disposition that he has not yet been
forced forward as a popular leader IL
Wall street; but he has very consid-
cradle following among men who come
in contact with him or who have th'
means of finding out the nature Of hi:
operations. Mrs. Newcomb is highly
accomplished member Of the best socia
circles of New York. During the sum
mer she resides in Newport and enter
tains very largely.
GOSSIP OF SOCIETY.
a paragraph in recent issue of thu
New York World announced that al
American resident of Paris, Mrs. Hutch
ems. widow of Broadway clotbier
was about to be married to her lat'
husbands lawyer. Mr.. Hutchens dice
only a few months ago, but his widow
and his son seem to have forgotten hin
altogether. The son appeared in New
York early last winter, and soon made
a deep impression among the dudes. liz
few, however, at higher game, and was
q frequent and high better at baccara
among men considerably his seniors
lie pocketed bis winnings with com
mendable alacrity, but one day he los
some $1,000, and New York knew hin
no more. On his way to Europe he met
on board the steamer pretty young
actress, whose charms csptivated him,
and, instead Of returning to Paris to the
maternal homo, he sojourned for some
J time in London with the fair siren
Then he took her to Paris, where,
, report be true, he lost heavily at tn,
. Press Club, and then left for London
r where, rumor says, he has had recent,
. | n stroke of paralysis