The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-01-30
a FINANCIAL MELANGE-
Some Points About Readings Rigid
President.

6Om6 HOlNGS 2OOub LSooNhAe ~'AS-
President
New YORK, Jan. 2S.-One OF the most
prominent figures in the railroad world Just
at this moment is unqueStlonably Ausch
Corbin. President Of the Philadelphia and
Reading Railroad Company, who is accused
of very small trickery in his dealings with
the hard-working operatives in the coal
mines of the company. Many or our ran
road Presidents are cioSe,hsted' not over
Sc,npulols men, who think that the prin-
cipal object of their existence Is TO earn big
dividends however OutragrOusly the stock
of the corporations may have been watered.
1t is entirely unnecessary to point out that
the Reading capitalization represents
reservoir OF water; hatever
NAV be said about funding big
debts. lower rates Of interest and all the rest
of the argument whereby the bunders of
phenomenal acknowledgement are clearly re-
Vealed, to make the operatives responsible
for the los, by tie Reading Company,
through arrant stupidity of $1,000 600 in
coal mining within twelve years, Is as diSrep-
utshle as to deliberately pick their pockets as
they come up from their hard toll in the
mines and ii is significant that the people
OF Pennsylvania, as a rule, SYmpathiz5 with
the strikers. Men like George w. Childs and
Anthony ". Drexel, Of Philadelphia WHO
are large stockholders in the Reading fav0"
Mr.. Corbin seems to think that he can
gall the sore back of labor with lmpuulty.
Il Is such men who embtter the tailoring
classes against the existing state of society,
who. by their purblind meanness, enVenom
the spirit of discomfort, which, among the
vicious, proceeds to the length OF anarChiSm.
The French aristocrats who shot peasants
for the amusement of seeing them drop
from the Paris roofs were responsible for
The RobeSpierres, the MaIats, the Dantons,
who came later with the gulllOtine for the
work of vengeance. Ii was the French
aristocrats and capitalists who started the
pen of Jean Jacques Rousseau, the French
Henry George of the last century, at whom
they laughed at first in light Gallo skepti
cism, though, "a Carlyle shows, their skins
went to bind the second edition of his works.
The success of not a few young men is one
of the interesting facts of Wall street.
Hurrylng across to the palatlal Mills Build
ing from the marble Stock Exchange |
often see rather slightly-buit, bOysh-
looking young man, who has been in Wall
stree; since he began, at 10 years of age, Us
IN Office boy for broker at So a week,
period, that is, of twenty years. 1t Is
Charles NJ Foster He became a partner
in large house at 81, and il
nov worth $3.50, 90. He owns a
house in West Seventeen street, for which
he paid $4,000 He is a typical New York
boy of the better class, brought up in mod
crate circumstances, securing bis early edu-
cation in the public schools, and largely
selt-educated in the great school of lie
lie is a member of the Stock, Produce and
Coffee Exchanges, and also of the Manhat-
tan Club. He is one of the quickest men
at figures in Wall street The bare facts of
his successful career are sufficiently indica-
tive e his abilities.
occasionally see IN the financial region
man of polished address and rather hand
some features set off with an imperial, who
has had an eventful career. 1t is D. +.
Verdenal who is well known in the far
West He presidos over the destinies of SIX
mining companies here, and the six may be-
come a dozen before the year is finished.
He is a New York State man by birth, but
he went early in life to st. Louis, and then
having been smitten with the gold fever,
migrated TO San Francisco. He Subsequent
" became a graduate from the st. Louis
University and the Harvard Law school,
and was admitted to practice in the Su-
preme Court of Massachusetts. He return
ed to San Francisco and practlced law for
time but in 1868 went to White Pine while
the mining excitement was at its height in
that Interesting cemetery of human hopes.
He had a sort of mausoeum on Treasure
Hill; it was seven by nine cabin, and in the
long nights the roar of the mountain blast
through the great natural corridors was the
requiem of his aspirations. Bacchanaliau
orgies, unnumuered faro ban ), wild hopes,
bi ter disappointmentS, and "a man for
Breakfast was the brief chronicle OF the fe
veri,h life of Treasure Hill. Some
rubbed the lamp of Aladdin and found
wealth: others found their way back to civ
ilization as best they might Chloride Flat
might have We'd with the Poker Fat of
Bret Harte as scene of exciting fiction
with foundation of truth. Its glorieS van
ished, however, into the air, and Mr.. Yer
denal left for San Francisco, where he be-
II. II
French extraction and of versatile mental
endowments, He could, if necessary, WELD
pick in mine one day aud the journalists
pen the next. Later he became interested
in mines in Nevada, notably those on the
Comstcck lode, ana also i'll Utah, Arizona
and elsewhere. He is a great friend of
George Roberts and Asbury Harpending
those pious persons who develop mines of
the most undoubted value from sheer love
of their fellow man and never were known
to come out ahead, while the stockholders
were in the woods hunting for the fence.
Mr. Nerdenal is member of a number of
clubs and is esteemed for his social qualities,
is still in the prime of life and though he
has not accumulated million, is in com
Portable circumstances
One of the young men whom l see on
Fifth avenue and elsewhere in fashiona-
bic quarter formerly had a room in the
same house in Buffalo where Grover Cleve-
1GiiI lld't MS hdlLclOi Huol bci WHO VI
oil that city, and saw not a little Of the
Chief Magistrate when he never dreamed of
becoming Governor of New York, much
less President OF the United States. 1t is
James b. Clews a nephew of Henry
Clews, the banker and broker aud
associated with him in business.
He is thirty years of age,
with refined cast of features and full
light brown beard that gives him some
what clerical aspect. Yet in making loans,
often aggregating fortunes in day, no ono
could be keener in the scrutiny of collat-
erals, one in Wall street more difficult 10
deceive More than once this young man
with keen bluish-gray ewes and clear head
has rejected securities that seemed to be
good, but which subsequent events showed
to have been intrinsically worth far less
than their quoted value in a time of specu-
lative excitement. He is treasurer of a
well known publishing company, a director
in number of financial corporations and
is wall lrf1pxx,,, IN