Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-16
FROM MANY PENS.
Success Of the Recent Strike on the
New York Horse Railroads
Power Of the Knights.


NEW YORK, Mnrch lV'-bhlVh "NS''
hotter is engaged In large wheat specu-
laiion, which is attracting considerable
attention. He began It in May OF last
wear. when he bought wheat TO the extent
Of nearly 100000 bushels at sl.0ii the
market fell and he followed II down until
ne had accumulated abont 100000 bush
els, considerable Of which represented
actual wheat. He has taken frequent
short turns in wheat for months past,
buying on any decline and selling on any
advance, but In the meantime carrying
sis main block and waiting for a chance
to get out Of the speculation somewhere
near the point where be began with the
purchases which he recently made nc v
supposed TO hold now about h0VOOUO
bushels, half Of which is ''cash wheat;
Z, EARLY IN the present week he got ria q
600 900 bushels. The "bcars, bou
here and in Chicago are afraid Of him, ana
he has quite a strong following IN Doth
cities Some timeago hesad be mad nOtlosl
any money IN wheat, but Mr.. Woerishol-
fer ms certainly not made any. rms
aneriilation recalls the famous and disas.
trons Hdeal' Of 1879, in which Jesse
Chiaaa0 held 10, 900, 900 bushels Standing
one day Oh Broadway, In front OF Trinity
church, AIR Iloyt, an amiable old man,
fof.l how certain speculators IN Chicago
had treated him. He said; 81 have lost
great deal Of money. Those people IN
Chicago for whom was carrying the
wheat never paid me q penny rms
speculation ended III quarrel and then
came the famous Keenc speculation, IN
which every one OF the pool unloaded on
james X. Keenc. Jesse Hoyt was In IL,
anu, like the rest, suffered severely los
ing. Il n said, about S6,O00,000 At this
time Mr. Kcone was fclcntlessly pursued
by Jay Gould, Addison Cammack, and
Baron Wocrishoffer, who probably now
wishes no had taken the experiences OF
others AS d warning aud let wheat alone,
The success Of the recent strike on the
horse railroads OF this city aud The ire
inendons power for good or evil which
the knights OF Labor now unquestlonably
possess has awakened some apprehension
among capitalists IN various branches OF
industry, the more especially as 10 has
been limited that this new power In
modefn civilization VIII make itself felt
Ia May 10 movement for an adjustment
VI wages and hours OF labor IN wide
Held 81 trade III this country, that tho two
giants, Labor aud Capital VIII Join Ia a
herculean wrestle that practically amounts
to contest for the supremacy on the
broad stage OF the American continent
tits idle to disguise the iact that capital
awaits this conflict with an anxiety be-
gotten OF respect for thepower OF the new
social force New undertakings are post
poned IN many cases and long contracts
are avoided Manufacturers Ia many In
stances take the ground that n reduction
IN the daily labor TO eight hours and an
advance Of half dollar In daily wages
would absorb the larger part Of the
PROFITS, and railroad companies are
strongly inclined TO take the same ground
The strike on the Gould system OF rail
roads Inspires dread OF tho same up
heaval ON other roads sooner or later
We are perhaps on tho eve OF one OF the
most determined as well as one OF Tn,
most interesting struggles In history, anc
It need excite no wonder that capita
scans the commercial horizon With anN
ions eyes. The era Of autoCrQtic, com
morcial and corporate power Is drawing
to d close, as he who reads the signs o
il,e times may see, Just as autocratlt
political power Is gradually disappear
Ing before the onward tread Of civiliza
ton
d. o. Mills says be Is not lnieroste,
In stocks at this moment, bu
that he believes they VIII increase \
galue This gentleman, by the way,
one OF the notable figures In Wall street
lie owns the magnificent Mills buildin
Ia Broad street, which Is worth $4,000,
600; It is oven finer than the buildn
,..aat.I -, neno JsNav hV tha ltauutaq
Boreel, and which pays the investor pc
cent. a year. Mr.. Minis returns from nj
commercial palace amount TO 100000
year. Ills fortune amounts TO Sl5,000,00i
largely acquired IN California In mines
real estate and banking enterprises
San francisco. He was In the Bank {
California with the lamented and princel
Ralston, VINO drowned himself aft,
having been ooldly bowed out
the luxurious parlors Of q
bank and deposed by the 4
yestiaating directors In the midst OF Il
disasters. MIR Mills Is dark.oompleS
Toned man, under the medium heigh
but well built His daughter marie
Whitelaw Reid He Is plain good II
tured, PRACTICAL scll.relIant and rath
blunt.
In 1877 he and hisbrother kept taye
In Il small town on the hudson river, ia
below Albany, ID. o. Mills drove to q
depot daily 10 bring patrons 70 his hou
or 10 take them TO their homes. Wit
the gold fever broke out In California
and his brother, having in the meantip
accumulated little money, chartered
sailing vessel, loaded 1t with comnoC
ties likely 20 be IN demand, and We
around Cape Horn TO the Golden Gal
which they reached In safety after ng
rOwly escaping shipwreck, Tho hrothe
sold the goods 10 the eager miners
fabulous prices, and were soon
the high road 10 fortune. WI
- q. Mills returned To I
East some years ago he WAS I
possessor OF large fortune which
soon increased by some $4,000
through a lucky speculation Ia La
stock. MIR. Mills IL without pretensio
he Is not ashamed OF his humble beg
ming and early struggles, A story is t.
that on one occasion member of Il
large class who are always ready 10 IA
upon wealth, and who happened in q
Instance to belong TO one Of New Yor
Oldest families, said IN making Mr.. NIL
acqualntancei
IL am proud TO meet man who !
been 50 successful effuslyely press
the hand Of the millionaire.
This Is not the FIRST time we hi
nett answered Mr.. Mills with his us
dlrectness of speech. 500 you rem,
her meY remember you very w
When was running livery used
drive you from the depot 70 your ho
very often"
OSCAR WlIIaUGnRy RICE