Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-02-15


Hancock. lie was generous 10
his praise, and, though he
criticised what he thought foibles and
graver faults, he declared that he ought
not to have used the words which Han
cock dlsllked. This Hancock never
knew; but With equal nobility he bore his
part 10 the great funeral over his ancient
chief and comrade. The majestic char
acter Of those rites that attracted the
attention Of the world was greatly due
TO the tender care and chivalrous puuc-
tilo OF him who thought the dead chief.
tain had wounded him.
The two soldiers have fought their last
light and ended every difference. Each
at the last was full OF sUldier!y and
brotherly generosity for each other.
ADAM BADEAr.
-
or course, II the Pennsylvania Railroad
company succeeds IN securing the control
OF that poor old tramp among railroads,
the Reading, 1t will be one OF the most
Important business events OF recent wears.
The advance IN the coal stocks has doubt
less been nverdone but Mr. Morgan Is un.
Occasionally right in pronouncing the
present prospect much bigger one than
81
pierpont Morgan, by the way, acquired
his first financial experience In The office
Of Duncan, Sherman & Co, where he was
at one time clerk. Leaving that firm
he found partnership with MIR. Dabney,
a geutleman from Providencs. The firm
was known as Dabney, Morgan & Co.
The two were together for several years
and during that time they labnehed the
q nnt tuftk
bonds, stocks, etc, on Wall street. This
was one Of the roads that went to pieres
in 1878. Out of II Jay Gould made one Of
the most lucrative deals of his life; that
is, he bought the stock for almost nothlug
and saddled 1t on the Union Pacific road.
when he was director, at par. His
share of the spoils was estimated at eight
million dollars.
The DreXels Of Philadelphia were in the
firm of Drexel, Winthrop & Co., which
dissolved just prior to 1873 when the
present firm of Drexel, Morgan & Co. was
organized as IL now stands. j. Plerpont
Morgan Is worth about 81 50n, 600. lie
is the son OF j. S. Morgan, now in Lon
don doing business asa banker. He Is OF
solid build, of the average height, and is
now forty-fye years of age, he has brown
fiorid and pimply as result of never fall
ing good cheer. He is not n man to pass
Delmonico's by ON the other side; the
nose is as dubious and fiery as that of
Bardolph in Henry V; the wags affirm that
it glows in all the delicate hues Of boileu
lobster. His manners are brusque and
owing to this fact he is not iavorite
with business men. lie is member of
nj nln mi loo hnf ba
is not frequenter of the clubs He
goes often to the opera and is now going
more into society than formerly He
married as his second wife the daughter
Of Charles Tracy, the well-known New
York lawyer. Mr.. Morgan is u man of
fair education; he was never collegian
He is good business man, shrewd and
persistent; he has considerable force of
character. He is director in the New
York Central railroad, the Manhattan
Elevated railroad and several trust COM
panies. His management of the West
Shore negotiations was splendid piece
of financial diplomacy. The movement
for the reorganization of the Reading is
ostensibly being managed in Philadel-
phia, but Mr. Morgan's machine here is
running at full steam to accomplish the
street tall, slightly built man, good
deal over sixty, with plain, resolute
features, who looks not unlike an old
| farmer in a suit of store-clothes on q
visit to the city to see the sights. He is
| worth thirty millions. 1t Is Russell
| Sage. The financial world has heard OF
| him again through his controversy with
Cyrus w. Field, growing out of the re-
ported negotiations looking to the
| burying of the Ratchet by the Western
Union and Baltimore & Ohio Telegraph
companies. Mr.. Field seemed TO have
supposed that the difficulties between
the two companies could be amlcably
adjusted. Mr. Sage disagreed with him
Wall street atiirms thai Russell Sage was
short of Western Union, and covered a
the advance which followed the publica
ton of Mr. Fields cheerful views as t.
the probable outcome of the telegraphit
war. OF course MIR. Field was not Il
blame for Mr.. Sage's precipitancy il
leaving the short side Of Western Union
but the incident recalls story toll
of Washington Conner and his re
latlons with Mr.. Sage. Civ
II for what it is WORT
1t is said, then, that on one occasion MI
jaw Gould found himself heavily short c
certain stocks of which the Hon, Russo
Sage was carrying large blocks. MI
Gould saw that the stock was likely
rise rapidly on him, and large los
stared him in the face. He was In quar-
Diary. If he attempted to buy he wonl
inevitably put the market up on himsel
I Mr.. Washington Connor, his trusted lier
tenant, 1t is said, came to the rescue.
.I'n fix that he is said to have I.
marked with that characteristic smil
, that is so suggestive. "Ah, Sir, III a
, tend to that, Mr.. Could"
. The offices of the two famous flnanclel
/ are in the same building opposite Trini'
churchyard, on the corner OF Broadwa
! and Rector street. 1t was but q ste
: into Mr.. Sage's office, and Their
o II tradition is to be truste.
Mr.. Conner did tale unio
o about the stock in question, whoI
: lightest word was enough to make u
!. man who was afterwards nearly besi'
himself at the loss Of S5,O0O,ooo
d "puts" unload at once, Did Washingt'
O Oonnor secretly set his corps OF broke
| hn CtnfE IlSB