The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-04-11
eotJLANaER AND MRS. MAoKAY.

Was ParG OF Uu0 IdiI-OLesIls 90 AL bA4O
Bonanza Fortunes.
From the Chicago Herald.
former prominent member of the San
rrancisco Stock Board was at the Grand
Pacific on Tuesday. The gentleman al
luded to is thoroughly informed as to the
doings of the bonanza millionaires of the
Pacific particularly with reference to the
famous wheat deal of last autumn, which
came near swapping the whole bonanza
kingdom with all its kings, queens and
princes. When seen by a representative
the gentleman had just finished his break
fast and was glancing over a morning
naper 'Tve just been having a quiet
fittle laugh over this cablegram," he said.
PARIs. March 25-The National having
recently twice alluded to the alleged rela-
tions between Gen. Boulapger and rich
American residing near the Arc de Triom-
phe, Mr.. Mackay has written formal letter
DENYING that he has ever been acquainted
with Gen. Boulanger.
81 guess that is true, john" the gentle
man chuckled half to himself. "And
guess you wish that Mrs. Mackay had never
made the Generals acquaintance either.
Poor John! That little speculative intrigue
between Boulanger and Mrs Mackav cost a
round $50, 900, 900. l don't wonder Mackay
sc1wls at the mere mention of the French
mans name"
do you mean that Boulanger was in the
big California wheat dealF
eyes; he Was the head and front of it.
don't mean, of course, that he was the
protector; but it was upon the informa-
ton he was constantly supplying to Mrs.
Mackay that the scheme of a big wheat
speculation was conceived, and the doughty
General was promised big share of the
profits.
when Boulanger was Minister of War,
and, indeed, while yeta General of division,
he was constant and ever-welcome guest
at the famous mansion at the Arc de Tri-
Omphe In fact, he was the leader of the
rather rapid military set that constantly
besieged the Mackay drawing rooms. When
the Boulanger ambition and the Boulanger
popularity had reached their zenith last
spring and summer, and the whole French
nation seemed about to be plunged into war
with Germany to please the war party, with
Boulanger at its head, Mrs. Mackay was
instantly made acquainted with every move
Of the Ministry looking to either peace or
war. 1t was then that she aud some of her
American satellites resolved to make good
use of the lady's vantage ground Boulan-
ger could be relied upon to not only re-
veal the State secrets i'll advance, but to do
oil in his power to fan the war fever, De
Castro, the Commercial Gable man, and
reputed favorite of the bonanza queen, was
Entrusted with the organization of the pool
In America, and as it was determined not
to let Mackay know anything about it,
other people than those connected with the
Nevada Bank were taken into confidence
The deal was very little one at first so small
that Mrs. Mackay could have handled it
alone with her pin NOR y, but as the war
fever grew stronger, and Boulanger, more
confident of an early breaking out of hos
Utilities, the pool resolved to go for everything
IN sight. 1t was then that Rosenfield and
Dr1esbach, of San Francisco, were let in,
ana they in turn, when more money was
needed than they could muster, took in
Brander Vice-President of the bonanza
bank. This last acquisition was valuable
one, for it gave the war Spectators an I'M
limited command of capital.
Flood and Mackay have always claimed
that they knew nothing of Brander's con-
nection with the big deal until he put in
two or three millions of the banks money,
and | think that is correct But Flood
knew of it long before the crash came, and
strained every financial resource to stem
the reflex tide. 1t was not until actual
bankruptcy stared the bank people in the
face that Flood unbosomed himself to Mac
kay and called aloud for help We all
know how John sped across the continent
by special train, how he found things had
gone from bad to worse, and the great Ne
vada Bank, with its $40, 100000 of capital
and surplus and $4,000, 900 of deposits, was
on the verge of ruin. Not only that. but
S5,OO0,000 of bonds belonging to the di-
vorced wife of Senator Fair, and which
were in the bank for safe keeping had gone
into the maelstrom.
1.-The next'few days were gloomy ones in
bonanza circles. For the first time in MANY
years Flood found himself without available
resources, and the awful prospect of having
TO again set up his saloon and lunch corln-
ter burst upon him. Mack4y was but lit
tie better off. 1t is said Mrs. Mackay has
$5,OOO,OOO of her own. but John knew he'd
never get cent of that. The situation was
ind ed desperate. Miss Jennie Flood, to
whom her father had given 50, 500, 600 some
years ago, promptly turned her whole for
tune over to make good Mrs. Fairs lost
bonds. Young Jim Flood to whom a SINH
lar amount had been given by his father,
having got himself into disgrace by an abom-
Unable marriage, was not disposed to be so
obhglng as his sister, but as the old man had
his bonds under lock and key he quietly
took them.
Then Fair came to the further rescue,
and with the $4,000, 900 cash that he put in,
the bank was, though sadly battered, once
more on its legs"
w no has succeeded to the title of kingW
Fair. He is now very much richer than
Flood, and is regarded as richer even than
Mackay He is thought to be worth
$50 100000 at least. His fortune has kept
on increasing. He has never met with
heavy losses like Flood or made bad invest
ments like Mackay. He has put large
share of his fortune into San Francisco
real estate, which is steadily increasing in
value. Mackay has put great many mil
lions into the Commercial Cable and Postal
Telegraph-not profitable investment, |
apprehend. He also has couple of mil
hons sailed away in a Texas-Mexico rail
road which he will probably never again
see The only investment outside the Com
stock mines that is thought to pay him any
thing is the Hoffman House, New York, in
which he is interested with Stokes If
Flood were not so unpopular he would have
more sympathy than any of the Others
He has but little left of his former wealth
except the two big palaces, in which he
sank millions, and which he can neither sell
nor find money to keep up. II the move
ment now on foot to wrest the Comstock
mines from the Flood Mackay control shall
succeed he will be in bad way. His son
has gone to the dogs, he himself is dying by
inches of an incurable disease, and the few
friends he has feel that he must often wish
himself back in the old Auction Lunch,
with white apron on, mixing cocktails
for the 49ers, free from care and devoid of
ambition"