Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-11-08
ATTACKING HIS CREDIT.
A Report That jay Gould d Attemptina
to Ruin the Postmaster General.

A Report That jay Gould h Attempting
to Kuhn the Postmaster General.
Pcstmastsr Gsneral Wanamaker h IN PhilA-
dslphia and - nothing eesld b learned here
from hin In regard 70 the runners that ware
prevalent in Wall street yesterday Affecting his
credit The financial articles in some Of the
New York papers today attribute the origin of
these rumors 70 the hostility Of certain
influences which were bussd BY his
advocacy Of the postal telegraph. The sub
stance Of the rumoe hat disquieted Wall street
vas that Mr.. Wausmaksr had within few
months Lost o, 500. 900 BY the decline In Phiia-
dslphia and Reading securities. The story was
denied In Philadelphia last night by Mr.. Robert
@. Ogden Of the firm Of John Wanamaker.
The New York Her0Jfs financial article To-
day ssys: Any lingering doubts - 10 the part
1.-THE little wizard" il playing in the present
speculation must have been removed by TO-
The Wall street daily shset which boasts
that u is his mouthpiecs printed this morning
MOST pessimistic views Of the situation, attacked
Union Pacific - responsible for the ''discour-
cging prospect" and intimates that President
Charles Francis Adams lie . Harvard graduate
with 80 big head and small experience"
The "httle wixard's'' feeling toward Post
master General Wanamaker are easily UNDER
stood IN view Of the latter's fight with the West
messages
advocacy Of Q postal telegraph system. The
sheet tn question made this morning Q muir
derous attack on Mr.. Wanamaker's credit in
words which are reprinted On another page
However obscure the medium by which they
are promulgated, such insinuations travel fast
and far, and before long messages began to
pour in from other cities inquiring whether
1t was true that John Wanamaker had failed Z"
II 10 impossible to estimate the disouieting
effects the rumor may have exercised through
out the country.
The '.murderous attack" on Mr.. Wananaaker's
credit, quoted BY the Hsra,d from the publica-
ton IL refers 10 as the wizards sheet, Is ss fol-
lows: Another large holder Of Reading is now
tn the market for loans on his own notes-no
less parsonage indeed than . cabinet officer
under this national administration. This
has h:. developed the fact that he il
over %, $4,000 He claims 70 have
assets amounting to considerably moro than
twice the foregoing sum, but his statement in
that respect is badly tainted by the incident
that he had inyentoried , large block Of un-
listed stock at par when it was being offered
privately TO certain financial institutions at 80 ="
The Philadelphia Inquirer in its financial
article today, referring to the depression in the
stock market, says:
"Ths third cause of the depression is the at
tempt Of Jay Gould to bring disaster upon
John Wanamaker. The Postmaster General is
urging bill for the establishment Of postal
telegraph service, which will, Of course,
compete with the Western Union Tele-
graph Company. Mr.. Wanamsker is q MEM
Der OF the Reading syndicate and is re-
ported to hold $4,000 shares Of the stock.
Gould has succeeded in running almost every
man who has crossed his path and evidences
are multiplying that he is trying to put the
screws upon the Philadelphia merchant Such
attempts are simply infamous and fortunately
In this case the effort will be defeated, but in
hat n mi a NJ ho II
fed the whole commercial community must
suffer-"