Savannah morning news. [volume] (Savannah) 1868-1887, 1886-08-22


THE CLEWS- WISTAS FIG Ut.
\ Large Speculation in Land Ex-
citing Interest.
NEW YORK, Aug. 21.-I was speaking
with Henry Clews the other day about his
fight against the Wistar. Fleming Texas
Pacific Reorganization Committee. He
says he will hight them to the end and
hopes to win victory equal to that which
he won over the old Wistar cOterie, which
filled the air with such loud trumpetings
and bOastful music some time ago. 1t is
generally understood here that Gen. Isaac
}. WiStar is under the thumb of the sold
man." as Mr.. Gould is often designated;
that he Is simply a stool pigeon in Mi.
GOuld's hunt for Texas Pacific game.
Whatever may be said concerning these
rather singing criticisms. the fact re-
mains that Gen. Wistar has a history
which is worth at least passing refer
ence. II he is decOy duck in the war of
finance he at least filed a more honorable
role in the great war of secession. He
was born in Philadelphia in 1927. His
father was a physician. Young Wistar
received a college education and when a
mere stripping went to the Pacific coast
he became trapper in the territory of
the Hudson Bay Company in the Rocky
Mountains and the Arctic regions. Is he
financial trapper now? He hnd a val
Orous spirit. Some thirty-fye years ago,
or when he was only 50 years of are, he
commanded a body of Indian rangers. On
the outbreak of the civil war he went
back to Philadelphia, ana as a member Of
the staff of Gen. CadwaIlader was soon or.
ganiZing regiments for the three months
n n fq m { al
OF California, received authority to organ
tze d regiment in Philadelphia he turned
for assistance to number OF men who
had won a reputation in California for
courage and enterprise. He made Wjstar
Lieutenant Colonel. Col. Baker, 1t will
be remembered, was afterwards killed at
Balls Bluff. AS Senator and as a sol
der ne served his country we'll. Col.
Wistar saw service st Balls Bluff. York
town, WiliiamsburE,A ntietam and Peters
burg. and was wounded four times. His
galiantry was marked by promotion to
the rank Of BTigadler General. After the
war be was for a time in the employ of the
Pennsylvania Railroad Company as gen.
erai manager OF its canal and mining in
teTests. Later | understood he adopted
the legal profession. and that it was az a
lawyer that he became the bend of the
scheme to practically turn the Texas and
L l.
One of the largest lard speculations
which has been seen for some years is
now exciting considerable interest. 1t
recalls Jim Keene's and McGeoch's lard
speculations. The deal has been run for
about three months and the Produce Ex-
change has been completely non-plussed
as to who was at the head of it. John
PIankintOn. OF Milwaukee, has of late gen.
orally been considered the leader. He is
an Old partner of Philip d. Armour, and
the two are apparently not entirely dIsao.
ciated in business enterprises even now.
1t is stated on excellent authority that
Mr.. Armour has engaged some 800 cars
for the purpose OF shipping about 30, 900
tierces Of lard from Chicago 20 New YORK.
This would seem to indicate that he is in
the speculation. Within a week or ten
DAYS the sales Of lard tor export, mainly OF
Chicago, have reached some Al, 900 tierces,
and OF this large quantity 10000 tierces
have been taken for Hamburg, Germany.
The broker and agent here for John
Planknton is John Cinnamon, who made a
rather spicy record for himself In Cincin-
natl some years ago in connection with
drafts on New York on the strength of
bills of lading which were sufficiently de-
fectiYe to lead to q suit on the part of Col
gate & Co., the soap manufacturers,
against the railroad company. For some
reason Mr.. Cinnamon lett Cincinnati and
established himself in New York. Mr..
PIankintOn made him his agent here, and
the obiQue Cinnamon says there is no
manipulation of the market, nothing
wrong, no cards under the table, none up
mis- sleeves, in short that the rise in the
price of this commodity is purely natural.
1t uuQuestiOuably is under tie circum-
stances. 1t rises at the nod OF those who
rule the market. Mr.. PlankintOn's broker
has been ''salling'' thousands OF tleTces OF
lard TO a German house, who lighted
on the deal like a couple of able-b0dled
HessIan flies This firm is ClOdius IL
Teschendorif. Some time ago Clodius left
New York, saying that he was going to
the White Mountains TO recruit his
health. IL ia stated on change with broad
smiles that he really went TO Europe, and
about the only mountains he has seen are
the Alps in his weary wanderlngs over
the continent trying TO tighten the load
for PlankintOn and his fellow
dabblers in the hog product. The price
on the continent is $50 cents q pound.
Here it has latierly been about ~. In
England it is cents. These figures are
enough TO warn every sane speculator
"taillng on" after the clique that he is on
DANGEROUS ground. This clique of specu
lators are simply trying to keep up ap-
pearances, squeeze a few Chicago shorts
and get out VI the PHI they nave dug for
themselves. The climbing is not So easy
as could be desired.
A. to wheat Cudahy, Ream, Jones and
their friends are out in the cold. They
went long some months ago and toolshly
unloaded just as the foreigners who have
made so much money selling short Tor
four years pas had become frightened.
Tho Chicago men lost because they were
too quick on the trigger. The foreigners
covered their shorts and went long while
the Chicago men went short, and they are
now trying to prevent any advance.
they may md that they are trying to
stop the wheels Of a commercial Jugger-
maui. The Chicago people are short to
the foreign houses who want the wheat,
and are shipping 1t out OF the country as
fast as it arrives. In two days this week
the sales OF wheat here for export reached
nearly 100 boat loads. The current prices
for wheat are lower tnan they have been
at the opening Of the season for several
wears. OSCAR WILLoUGHBY RIGGS.
II. Phibbs, Burglar.