New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-28
borrowers are now out of the market and their
loans are in charge of the courts.


loans are in charge of the courts.
EFFECT OF THE TRUST STOCKS.
THE trust stocks-Sugar. Whiskey. Lead and
things of that kind-have produced much Of the
trouble, in my opinion. The public lost money
by, them, and consequently lost confidence in
everything in Wall Street. And the difficulty
not that these stocks did not have some merit
but that the companies were organized In the
wrong way. The Sugar Trust. for instance, had
a perfectly safe and legitimate business Sup
pose that appraisers had fixed the price
OF properties that were ABSORBED by II
men of position whose valuation would have been
have been vastly different. know Of property
that was bought for hundred or Two tnousanos
and represented in the capitalization, under
stand, as a million or more. Fortunately nave
never had any interest in any OF these uuSU
stocks.
Il received my education in that line good
while ago. When | first came to New, orK a
man told me very confidentially that he had dls-
covered gold mine in New Hampshire wen.
put $3.50 into the scheme, and at that time that
was great deal of money for me- eNpected
could not be any assessments have never since
been able to find either the county or the town
where that mine was supposed to be, but ! nave
kept the certificate, on which there appears
pretty picture of the miners at work. 1t has been
sort of beacon to me ever since.
But out of the recent troubles, good railroad
stocks will emerge with brighter prospects than
they ever had before. The effect OF the steady
silver initiation will soon begin to he felt People
anxious to anticipate these ehects that
they rather over-reach themselves, but the re-
suits will come in the end. hardly know what
would be the effect OF free coinage
act and l suppose there Will be strong efforts
in that direction in the next Congress
There certainly is not gold enough IN the
world to 90 around and England and Germany
may be forced to that conclusion
WHO LOCKED UP THE MONEYS
at is foolish to talk about large amount OF
money being locked UP by Wall Street specu-
lators. The locking-Ip has been done, In my
opinion, by the public who were not sure that
gold would not soon he at a premium and SO con-
cluded that few gold certificates would be
good thing to keep That this is the secret is
partly shown by frequent instances ! have heard
of recently of men bringing gold certltca'es lh'o
tho Street TO exchange them for stocks. The BUY
inc of small lots by investors who took the stocks
awav with them has been very large III the
agoycoate This country is growing rich and aple
90 taEe care of itself In France the great sums
of~money tnat are brought out from old suocklhse
orc amazing The American people seem 10 pe
adontinC the same habit, and the most OF, tic
St"cts thai lave been taken from the Street have
been maid for out of just such hoardlhgs. INC
Influence of this and other causes Will MAKE goou
railroad stocks much higher when matters nave
entirely Gained down. 49,, :: a,oo, 90 ,ny
further disturbances in London, but should
think there could be none that would aneoo US.
Enra;cners seem to have sold about all thelr
hmer7cans and ANYTHING that they may have now
will not affect our marhc'' e'o" !" ~ 40
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