St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-29


The music was lively, and Dinahs
steps became fast and furious. She
sung, she screamed, she yelled with de-
light. Things were growing warm, and
Dinah was becoming little rank. Her
partner freed himself from her arms
and danced all around her. The eX-
element was at its height. Deafening
applause rent the air. No such fun
was over enjoyed before. The climax
was reached when Dinah, III making
quick turn. frightened the sportive buff
faloes by falling with heavy thud on
the platform.
Windomism The fact that the
West and South have
and the enormous crops to
move to market, and
Money are drawing fun d S
away from the Eastern
Market. financial centerS is,
apart from the other
conditions, very encouraging, says an
Eastern writer. 1t means that later on
business interests of all kinds will feel
the influence of the expansion, and pros
per accordingly.
But there is qualification in the case.
The money markets of the country are
dependent on the action of the treasury.
Under present conditions, funds tend to
accumulate in the treasury, and can
only be released in way calculated to
prevent serious financial pressure, with
attendant disturbance of business i'll
terests, through the pun chase of the
governments outstanding bonds by the
treasury.
The situation is one which. even I'M
der the most effective and painstakIng
manapement of the city'S finances,
would have its dangers. Under blum
dering administration it becomes mat
ter of grave concern to the business
world. Secretary Window has already
demonstrated his incapacity. The pre-
tense that he has resisted the schemes
of an alleged syndicate of bondhOlders
comes with bad grace from the official
whose conduct is locating the apprais-
er's stores at New York in an utterly
unsuitable place leaves him under suS-
piciOn of catering to real estate specu-
iators. And, while he careleSSly al
lowed Tanner and other worthless to eX-
coed, in the amounts placed to their
credit. any reasonable latitude toward
the governments disbursing officers,
Mr.. Window complains that the re-
sources which the treasury has availa-
Bile for financial emergency are i'm
tied. Business men suffer. Who is
benefited by Mr.. WINDOWS proceedings?
The Lesson Henry S. Ives escape
may be temporary or it
of the may be permanent, OBJ
serves a New York
Ives Case. contemporary. But the
facts are commentary
on Wall street. He is a sample of what
the street can do in the way of turning
- vxJit QhnnrmQl
gence, perfect command of financial
methods and an utter absence of prin-
ciple. Ferdinand Ward and Henry S.
Ives furnish an interesting parallel.
Their training and their characteristics
were remarkably similar, and their
methods only differed because they
adopted different lines by which to seek
a short cut to fortune.
In this the palm must be given to
Ives. Ward was. after all, an eXagger-
ated buncO steerer. He played his fab
ulOus profits in apOcryphal government
contracts on financiers just as Hungry
Joe employed the alleged lottery game
on haySeed cOuntrymen. But Ives was
more adroit. He discovered an impOr--
tant fact regarding the methods of
finance. Money is loaned by bankers
nowadays ON collateral, and not on
men will recognize the truth OF this as
sertion. Master Ives thereupon pro-
ceeded to supply himself with eollat-
eral mill. The possession of the Cincin-
natl, Hamilton Il Dayton railroad was
to him merely an opportunity to supply
himself with collateral that bankers
would accept as security for loans. And
it was his inability to keep his schemes
within bounds rather than the real
criminaiity of his and his accomplices'
proceedings that caused his downfall.
John w. Mac A modest looking
ing tray that contained
kay a the lunch of the presi-
dent of the CONNER
Hard Worker. cial Cable company
was carried into the
top floor of No. Broadway at O'Clock
Yesterday, says the New York World,
and put before large. gray-eyed and
serious-looking man, who sat in one of
the many rooms occupied by his com
pany, gazing out over the magnlfic ent
expanse of New York Bay. From 9:30
or 10 o'clock in the morning until $50
or 6 in the afternoon John w. Mackay
works these days as steadily as the
humbleSt telegrapher in his employ
ment. He loves pleasure OF the right
kind, but he loves work more. Said a
friend who often dimes with him: Mr..
Mackay knows what is good, and how
it should be served and eaten. His
dinners at the Hoffman to
chosen coterie, of which Roscoe Conk-
ling, Bob IngersOll, Charles Croker,
Larry Jerome, John p. Jones, Billy
Florence and Col. Tom Ochiltree were
regular members, used to be famous.
All of these and four others were on one
occasion within two years, Mr.. Mackay's
guests in the Moorish room, Three out
of the ten are now dead. But Mackay
is to-day one of the most active and
industrious men in New York city. His
eight hours a day, and more accom-
plish a great deal of work. He is finish
ing 1900 miles of new telegraph lines in
the South and the Southwest now. His
wires are of copper and his instruments
and machinery all of the news kinds.
As Mr.. Mackay walks up Broadway in
the evening he sees in Park Row the
site of the house he lived in when he
came to this country at the age OF six.
He was New York boy then, and he
has been a stalWart American ever
since. His father was clergyman in
Ireland, and the boy had been well
grounded in letters. He became in New
York deyotee of the stage, went every
where and got so he knew great deal
of Shakespeare by heart. Several we'll
known actors could tell and have told
with emotion, how his help soOthed
their declining years"