Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-08-09

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fcorsspoadsnos Of she Ridhmoud DispasdA'
NEW Yoxx, August S.-Anlhour IN wan
street has ruined many Z millionaire, bus
the one spent there yesterday Was ex-
ceedingly profitable in IN educational way.
Napoleon Bonsparts said he found the
crown Of France lying in the gutter ana
picked u up and put it on his head. Inc
crown of Wall street has been lying IN the
putter for long time. but no one dAres 70
pick Il up and assume tho leaoefSn'p'
I. Gyeenvood cemetery" said John 4: fei-
,ovs a. I Turned into the Office OF Henry
Clews. in Broad street, Is cneef1ui Ply
mic compared to this Hemeant the stiee. ~
mot Clews's Office. The remark seeMeua "
exacreration for the period OF forty. .,e
,ninmtes between and2 o'clock not sinRle
cork was heard to pop in Broad-otlees
Delmonico's. Such thing Is unpr esss
dented and better than ANYTHING o'S'
marks the stagnation OF the stlec a..,v ike
neriod of stagnatlon," said Henry OIews.
NJ T asked him if he could point me 70
similar depression in the past. oui Ill
NJ nanics. This, however, seems nvio In, ne
a world's pauic than anything e,se wi
have sent our gold to- Europe so.,v
many millions Of it--and they arc da' ond
keeping II over there where u Is s" ra,nrn'
refuse to lend us any assis'hhn nordad on &C.
I do not think it Is being nonrJI't or tina
ae,,rt ~ onv prospect of war. ana Iot az suo
49, reason indeed that there Is sucn w ~
so,,,tv in ASSIGNING a definite cause Io5
tb;s unexampled stagnation nave useu
the tarm worlds panic When VIII Tue
t;de turn? Nobody knows. we aio -
financial fog. As far rs inves.o,s .t;os ~,
lost confidence in corporatc ptv ,,rts
Account of recent decisions or tue couisS
acI I;u,,tina and minimizing the response
p pv Of directors "a to put the stock
piSa-s completely at their mercy, l am
;ndesd of tho opinion that these decisions
,hu nro rndonbtedly engendered distrust
and alarmed investors. 1t is difficult to
see inst where this drift OF decisions Will
land owners of corporate property but no
doubt in this respect matters VIII oecohe
worse before they get better. III. L..
Henry Clews-nobody ever calls MIN
" Harry ,-was rs clipper while .uttering
these gloomy views as II he didn't have
twelve Offices to support, twelve rents 70
INV and twelve sets of clerks to keep in
wages. The fact of the business is that
the majority of the brokers are losing
little fortunes every week now, IN Office
rent pnd running expenses which cannot
be curtailed, even although the head OF
the house may not sell share OF stock Tor
q week at time.
THE UGLIEsT MAN IN NEW YORK.
The ugliest man in New York hove into
view around the corner of Wall street Just
at this moment, and rendered it difficult
for the gloomiest broker to repress smile
at the solemn and awe-inspiring plainness
of his features. His name Is John Pondir,
and he has Just lost an interesting wager.
n was with Isidor Wormser-as the story
coes-that Mr. Pondir had bet case OF
wine that ne, Pondir, was not the ugliest
man in New York. Wormser, and he is no
beauty. maintained stoutly his original
position that there could not be found
anywhere in the limits Of Manhattan Island
any creature in trousers as unhandsome to
tho view as old Pondir, who then stood be-
fore him. They made q pretty pair as they
stood at cafe table and the VINE was az
once ordered. payment to be deferred
pending decision. -,
Twill you excuse me for five minutes"
said MIR. Pondir, in order to prove TO you
that YOU lose the bet and must pay for
the wine =? / will produce here IN less than
five minutes the man who - genuinely
and unauestionably entitled to the unde-
served honor you have thrust upon me-"
With that he whisked out OF tho door,
Long before the five minutes was up Pom
dir, ST., returned. arm in arm with Pondir,
Jr. The latter was presented with digni-
fed empressment to Mr.. Wormser and to
the Others in the group. Wormser made
no further opposition to settling for the
wine. He Acknowledged the corn. Pom
dir, ST., is only the ugliest man in New
York when Pondir. Jr., is not around.
MARKED QUALITIES or LEADERSHIP.
OF the great operators left in Wall street
two have to a marked extent the qualities
of leadership. They are Washington T..
Common and James X. Keene. Both are
experienced men, in tho prime of life, OF
marked ability and personal popularity.
Now, it Is a curious thing, but nevertheless
true, that a real Wall-street leader must
| in his personal dealings, else he cannot at
| tract and hold a following. Wall street IS
CRYING for leader. but neither Conner nor
Keene can do anything just now, They
must bide their time. husband their re-
sources, and look for the fog to lift.
passed George Crouch and group OF
| friends in Sam. Bocock's office. Crouch
was at the tape and dashed down the paper
serpent as if it were real venomous rep
tile. ut is hard to tell where we are"
| said he, land that reminds me Of the story
of the blockade-runner from Nassau to
Charleston. This was in the early sixties
and the skipper of the blockade-runner
was a daredevil who cared for nothing.
| He was we'll loaded and it meant fortune
| for him to get safe to port. just OIL shore
cruiser popped into view and hail.
ed him twice. The blockade-runner
clapped on all steam and ran ahead,
ouepces, the fog in the mean time having
so thickened that the cruiser was soon lost
| to view and the sound of breakers could
| be heard at no great distance off either
bow. In the press of hurry to escape the
skipper had forgotten that he was short of
| coal, and he had barely lost the cruiser in
| the fog when his engineer came up to him
| and said: Well, Captain, here we are !
Yes replied the Captain, here we are,
but where the hill are weT Ana so IT'S
with the street: wa know we are mere, but
we do not know where we stand"
HOW HE GOT HIS START.
Charles ]. Hudson. dark, slender, ac-
tive man of marked energy and recently
elected governor of the Stock Exchange,
pas,ed me with some of the same alertness
which no doubt laid the foundation of his
| fortune. | do not think the story has been
printed. and il is good one. Hudson was
collector for Knox, tho halter, when he
started life. He had bill for hat against
"Tommy Warner, blood OF the street
in those days-say fifteen years ago: SO
Knox boy used to rush around after War
ner and his employers other creditors and
was frequently seen in Wall street. He
used to 20 into the Office of Sam" Mills
quite often, generally in search Of Warner.
Mills was then one OF Mr.. Goulds brokers
and an active man in the street. Said he
one day to Hudson
You'll never get that money from War
ner; you're only wasting your time"
"Yes, viii" said Hudson, "and I'll
prove 1t to YOU"
:" We'll" said Mills, anybody who can
collect that debt is q daisy; if you ever get
| that money from Warner, you come and let
me know. will your And this big, good