St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-18
Ingersoll

Ingersoll Theoretically sup
pose we should most
Likes Party admire an entirely nOn-
partisan and politically
Paper. Independent press"
said Col Bob IngersOll
some days ago to friend.
1--WE ought to receive our news of
public men and their official actions"
he continued, sin cold, hard, unbiased
facts, and form our opinions from them.
But we don't. We like the partisan pa
pers. We want our side to get little
the best of it. If our party has made
foolish move or cOuntenanced an action
that we don't approve of personally we
like to read of it rather toned
down and smoothed over, or even
championed as right, outside of our
political family. We like to see the
is human nature. OF course 1t isn't
right, but it's the way with men of par
tisan politics. Besides that, there is
general idea prevalent that the papers
that claim to be independent are either
weak, wlshy-washy affairs, without the
courage of their convictions, or else
they become growing fault finders, and
that reputation Injuries a paper more
than reputation of party fealty."
The Money An officer of one of
the most prominent
Market. financial institutions
in New York was
asked for his opinion on the money
market outlook. 81 do not" said he.
anticipate pinch in loaning rates,
have very firm money market at an
advance over present rates. There is
plenty of money in the country, and
high rates will in the end attract funds
from abroad. Money can be moved
from London to New York inside Of
five days, and if we really want it here
1t will come. The repeal of the old
uSury laws in New York has made more
difference in the money market than
is generally appreciated. Under the
present law people who have
their money in bonds or other Sc
curities do not hesitate to sell out and
employ their funds in the open loan
market if, by so doing, they can obtain
more remunerative rates. This in
creases the supply of available money
for stock market purposes. At the same
time, am convinced that we are about
to have very firm money market.
Trust companies have advanced their
This shows that thew are beginning to
feel the drain. Usually the banks are
the first to suffer when the West begins
to call for money. Then the process ex-
tends until it reaches the trust compan-
les. 1t Is very complex mechanism,
this money market of ours, but / do not
think it is going to be seriously disar-
ranged this trip. But firm per cent
rate is in sight"
Sixty-Three The New York Times
says that in the terri
Millionaires. tory between DObbs
Ferry and Tarrytown,
distance of only six miles, there
reside at the present TIN, sixty
three millionaires, and it is doubtful
ii any such cluster Of rich persons can
be found in similarly small suburban
territory in any other part of the world.
Several Of these persons have fortunes
so gigantic as to have attracted the at
tention of the entire world. Among the
number are men who are in charge of
some of the largest railroads, telegraph
companies, banks and trust companies
of the nation. These sixty-three per-
sons are, upon careful computations,
estimated to be worth more than $780,
900, 900 in the aggregate.
The names of the Observation-Disclosures
are John Jacob Astor, Edward S. Jaf-
frey, John ID. ArchibOld. Eugene Jones,
DR.. John G. Barron. William E. Kings
land, Mrs. William Barton. Mrs. George
Lewis, Jr.. Mrs. James Fl. Banker,
George ID. Morgan, Arthur l.. Barney.
Caroline l.. Macy, Mrs. Clara Russell
Bacon, f. Otto MattheSsen, Edward G.
Bull, j. Jennings McCOmb, Edward
B. Cobb, Miss E. I. Minturn. Balm
bridge S. Clark, George B. Newton,
Henry Chauney, Mrs. Arson g. Phelps,
Mrs. Cornelia l.. Chauvet, Mrs. E. S.
Patton. Thomas Cochran, Henry Par
ish, William f. Christie, William Rock
efeller, David Bows, Roswell Skeel, Mrs.
Henry Draper, George w. Smith, Tim
othy c. Eastman, Frederick j. Stone,
James Frazier, John Sinclair. Cyrus
W. Field, James NJ. Sigafus, Fred
erick A. Foster. Samuel B. Schieffelin,
James G. Fargo, Robert Sewell,
Mrs. William Fogg, James d. Sarven,
Frederick W. Guiteau, Augustine
Smith, Robert Graves Jr., John T.
Terry, Jay Gould, Gen. Samuel c.
Thomas, Fletcher Harper, Charles
Tiffany, Alexander Hamilton, Henry
Willard, Mrs. Robert Hoe, Charles G.
Worthington, r. E. Hopkins, John G.
Wendell, John Ii. Hall, William H.
Webb, Mrs. Annie l.. Howard. j. Henry
Mrs. Henry r. Worthing-