The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-01-25
The New York Stack ExchsTgs Eiy That
Bucket Saops Did II.
The R.esat Sudden and Startling Death il
NV York Ga BrGoklYn Lady.
A Romance of Bar HarbOr Brings Trouble
In Gotham a story of Pirates
and Gold.



row lane extending from Trinity Church
to the East river has lost all its old time
crowds, with their noise and enthusiasm,
and is now almost as silent and deserted as
the graveyard on the opposite side OF
Broadway. The ghosts of old spectators
saunter up and down, only occasionally
dropping in on their brokers, and there
only to pass the time of day. glance at the
tape and depart The gentle, confidlng,
trusting public" IS missing, and reso-
lutely refuses to answer the advertisements
of the lonely broker 10 the effect that he
will hear of something 10 his advantage
by applying at the said brokers extensively
furnished parlors." Every incucement has
been he'd out to this same public" TO
come in ION the ground floor" but the
tempted one seems to be satisfied where
he Is.
This sort of thing has been going on,
with short-very shOrt-interVals ever since
Paresident Garfield was shot, on July ,,
1881, Guiteau's bullet was the biggest
bear argument Wall Street has ever known
and the effect of the raid, then instituted,
have not yet disappeared. Everybody
was loaded with stocks and the prices sank
like plummets. Uncertainty was the
brokers' food for months. Then ensued a
period of stagnation, followed by the ex-
element OF another Presidential election,
which, in turn, gave way to q dlsas trous
policy OF agitation in Congress over the
tariff question. When it was finally plain
that there would be no legislation on the
subject, confidence returned and things
looked bright, but the Presidents message
stopped all that. The future now looks
like repetition OF the former uncertainty
and stagnation-until after the next cleo
ton, at least.
What has the Stock Exchange, that con-
servalive, high-m1nded body oil financial
giants, done to overcome these adverse cir
cumstsnces? Have those mighty brains
rushed to the rescue, and by strokes OF
genius evolved schemes that would defeat
even tickle fortune? The best answer to
this was given in the announcement. a few
days ago that seat in the Exchange had
been sold for SIS, 900. And yet there were
plenty OF members Of that came Exchange
who, wien Uncle Rufus Hatch disposed of
his mem bership few years ago for $50, 900,
shook their heads sorro Tfully and ex
claimed: "Poor old Rafus! He must be
losing his mind" He may have lost his
head, but he didn't lose his money on
that speculation. The seats have never
sold at that figure since.
The Stock Exchange governors-great
men-lay all the blame for their present
and the Consolidated Exchange. Working
on this plan, their first step was to order
their members to sell the seats they owned
in the Consolidated Exchange. Then all
partners of members and clerks in the
Offices OF members had to sell their inter-
ests in their 'little' exchange. Still the
boycotted exchange prospered, and seats
trebled in value. Persecution made them
friends, and several wise heads deserted the
Stock Exchange and threw their fortunes
in with the new one, the mem bership of
which doubled within three years. A new
exchange building is being erected, and it
is egainst this that that the Stock Exchange
has directed its latest thunderbolt. 1t is
in the shape of q resolution to the effect
that telegraph wires carrying the quota
tons of prices shall run into the new
building. That means that 10 broker or
banker can have an Office in the new build
lug, for he would be without the necessl-
ties of his business. This piceyune policy
has been condemned by many of the most
influential men in the Stock Exchange as
beneath the dignity of honorable business
men striving FOR trade.
The whole trouble lies in the fact that
the Stock Exchange has so long had mo-
nopoly Of the business that it cannot new
recognize the Consolidated Exchange as q
legitimate rival, and does not strive with il
for business, but tries to kill it of. The
consequences are seen in these two state
ments:
Stock Exchange Seats, 900
Consolidated Exchange Seats, sSO...-.-....s go
loso.--........ l5OJ
Psst-dullness; Reconsideration; future
ruin,
And this is the Wall street of Jay Cooke,
Daniel Drew, Commodore Vanderbilt and
jay Gould. But even Jay Gould has de-
serted it.
'She led double life" was the COM
ment of more than one paper, which on
Sunday recorded the death Of a married
womsn, of Brooklyn, in New York house
Of tEfsme-one of the worst of them, too
20 which friend of hers and of her family,
had taken her. None OF them said, They
LED a double Efe;'' only she was mentioned.
Full particulars as to who she was, her an
tecedents and her life tor years were raked
up. Her connections with religious par
enls and other relatives were stated, but
the papers almost unanimously permitted
the man TO go in silence. He was soon
BROWN to the police, but IS he had COM
miited no crime, they did not want him,
except as a witness at the inquest, and
even the inquest was abandoned when il
threatened to reveal the mans name. All
this looks like grave injustice. Does ii not?
Possibly the man deserved instant ex posure
but imagine the mental torments
he must endure because not exposed He
will live in constant dread OF il. He will
ekulk whenever he meets the eye of a
friend and suspects that that friend knows
the truth. His life must be q continuous
struggle 10 brave out the disgrace that is
constantly impending. Aad, then, his
Wife!-what must he feel when the thought
recurs to biz, as ii often must, that she
suspects. even knows, or will some day
know the facts? Some of the double
lives led by men and women in this city
wocld make most extraordinary reading
II told in detail end il told by the Police
Captains who have initiated Inspector
Byrnss and turned authors by proxy, aud
are contributing some mighty interesting
fiction 70 the Evening World, a La Julian
Hawthorne.
A rich merchant of this city met, during
the summer, at Bar Harbor the young sis
ter OF BOW prominent actress and singer.
The sister was in poverty; the actress lie
well supplied with this worlds goods.
There we're some domestic differences
which the merchant undertook TO heal-a
foolish undertaking ss Ii turned out. as all
inteTftrences in the family affairs of others
are apt to prove. The temporarily pros
porous actress did not desire q reconcile
s;ion With the permanently poor sister
SD the offices Of the philsnthropist In this