The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-06-24
BUSINESS ON WALL STREET.
An Alleged Attempt of Jay Gould tc
Capture Stock Exchange
Quotations.

New YORK, June 23-Considerable excite
ment has been occasioned among the bank
erS and brokers of Wall street, by the expos
ure of an attempt on the part Of Jay Gould
to capture the Stock Exchange quotations.
The situation is one of great peril to the
Exchange, ank should Gould succeed in at
tanning his aim the entire financial world
would be conyulsed.
The greatest alarm and concern is mani
tested in every bank and banking institu-
tion in the city where the full import of this
attempt is thoroughly understood. Strange
ly, the stock of the Western Union Tele-
graph Company has been making a steady
advance during the past few days, although
circumstances tend directly in the opposite
direction.
The whole alleged plot is exposed in this
mornings New York Herald, in a very
placed on their guard John Anderson, pres
ident of the Commercial Telegram Company
unearthS the scheme, and he denies the ru-
mors started to the effect that the war Of
rates ON stock quotations service is to end
soon. He brands them as only decoys, in
tended to divert attention from the true sit
uation. Gould controls the Gold and Stock
Telegraph Company, engaged in furnishing
stock quotations, but finds dreaded rival
in the Commercial Telegram Company. If
the latter can be gotten rid of, Gould virtu-
ally becomes the master of the Stock Ex-
change, and to this end he has been engaged
In endeayoring to capture the governing COM
mittee OF the Exchange, and to this end
charged that the Commercial Telegram Com
pany was furnishing quotations to bucket
shops. 1t now transpires that the Gold and
Stock Company was doing this work. 1t is
charged that by system of false statements
and suppression of facts in relation thereto,
the. governing committee has been blinded
and misled.
The first note Of warning came through
the following letter:
Mr.. John anderson:
Dear Sir-I want to place you on your guard.
trick is being practiced upon your company
which may result seriously. Mr.. Drake, chair
man of the Stock Exchange, is playing into the
hands of the Western Union Company, and will
no doubt.make a fine stake out of it. What
write to you is no trash. l am in position to
know, as you must recognize. overheard this
much. Drake agrees, and is expected to be able
to induce the Stock Exchange to throw out both
your company and the Gold and Stock Company,
then make exclusive contract with new compa-
ny, which is in reality to be owned by the West
ern Union. This winds your company up. Gen.
Eckert had several other plans, but this one was
The difficulty about all others being that your
contract with the Stock Exchange accords to you
Stock Company, and to overcome this it has be-
come necessary to play this trick.
again repeat, be on your, guard Drake is a
man they rely upon. The gold and stock people
are the ones that are tampering with your wires.
They say you are running tho bucket shops, when
in reality they are being run by the Western
Union.
Your men ought to drop on to this easily enough
and should loseno time in presenting these facts
to the stock exchange, but do not use this letter
1t would go at once to the Western Union and
suspicion would be cast upon me and 1t would do
you no good You can rely upon it. will post
you from time to time as the plot thickens. AS
you can imagine have been treated sshabbiy by
certain parties here, and if this benefits you, 1
will see you in the near future and you can re-
ward me as the information proves OF value.
Signed DE CoURCEY.
De Courcey is well known Wall street
broker.
~ An Unknown Man Found Dead.
LYNN, June 23.-An unknown tramp was
found dead at athe Willows near Stacey'S