The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-02-18

sold out his Manhattan TO Gould and his
associatesnt 100 Then IL dropped 10 rs, and
now IL Is at l02 Big loss for Field, isn't IL?
Then ho had TO sell largely, had hep
He was tired of il. Took a hundred men
10 run the blame place, but he had the
Pleasure of seeing il grow. Rockefeller is
on the same lay. He's got big domain
OH the Hudson, too. | suppose when he's
an angel, with crown. harp, wings and
cloud complete, the very hest, you bet, his
heirs will divide things up. Among other
things his lovely estate, on which he Is
now spending hundreds Of thousands OF
dollars, will DO sold at a great sacrifice by
his weeping relatives at 10 to 20 cents on
the dollar. Since l am croaking about
death / want TO say just now that when
Cyrus Fields obituary notice is printed Il
win stand as high as any mans at this
end OF the nineteenth century. lie in
augurated, laid and sent the first message
over the first Atlantic cable.
Most OF the victims of Black Friday
were men who have come to the front
again. Iffortunes are lost by some peo-
pie IL necessarily follows that other peo-
pie gain them. Another thing. The TACT
that securities shrunk in value S5l00OO,-
900 in eight months does not mean that
The value was never there. It all came
about from greatly'inhated values Losses
were apparently scattered all over the
world and securities returned to their
normal values.
Talking of Black Friday it was l that
got off the idea that there were lambs in
Wall street. Why? Because thoy came
TO be- fleeced, dear things. l was asked
on that fateful day: What are all those
carriages with fashionably dressed women
doing on Wall-stP / said: The funeral
is over. They are here 20 carry the
mourners home There's point 1 want
TO make here. The presidents and Of
ficers of banks on Wall-st. are the men
making money for themselves. They
know the wants and misiortunes OF the
big investors before other people do, and
they'd be fools If they didn't take advan-
tage Of il.
What on earth las Henry Willard lost?
He was originally a newspaper corre-
spondent-a sharp, bright, active fellow.
That man was financial Mesmer and he
used his hypnotic power in gaining the
confidence OF the foreign element. II is
no wonder that financier with his abili-
ties and knowledge OF human failings
made great success OF the reorganiza-
of the Northern Pacific The panic came.
We had been overbuilding railroads that
ran through unpOpulated new territories.
'Nillard was in il and suffered like the
rest. lie is supposed TO have made mil
lions during his career, but they were all
on paper and never matenalized. Now
he has returned from Europe with recu-
perated health and who can tell what may
happen? Psychological influence can not
m ~ h
ern Pacific is shrunk once more, and now
Willard is supposed to be engaged in re-
vamping and recognizing some of the wild
schemes so prevalent in this latitude
and longitude.
"What was the matter with Woeris-
hoefier? He made his 100000 and
didn't he leave them behind him? And
Gould. He's all right He's got $780,.
100000 to S125, 100000 TO take up first
mortgages, and, like the philanthropist
that he is, be supplies the poor baa-lambs
with food who come bleAting to him and
who find a most enjoyable diet in the
securities he has specially printed Tor
them.
"Jim Keene," remarked Uncle Rufus.
"Well, you want 10 know about him. lie
made his little all by speculation and he
lost II in the same manner. He kept on
paying ont and out till he got rid alto
gether of about $4,000, 600, and | know
that it is so for he showed me his balance
sheet. Keene was one oil the best ana
lyzers Of property and judges OF passing
events that ever trod Wall-st. but no man
can buck against n Wal-st. tornado
"With all these losses or leavings going
ON there are some men who deserve credit
in Wall-st. Russell Sage is one Of them.
He had vast number of puts that no
legal tribunal could have forced him to
meet, yet he paid out like little man
over Sj,000000. Some operators would
have repudiated theSe obligations and put
their fingers 10 their noses.
81 have read Tommy spearman's article
in the Forum on the Coming Billion
aire, said Uncle Rufus. THE Millionaire
is possibility. 1t all depends on events.
He may come, however, by inheritance
more than in any other way. Money
doubles itself in fourteen years at 8 per
cent. Suppose that young Vanderbilt is
left 500 600 600 when he's twenty-one at
thirty-fve he will have S2O0,000,000 at
twenty-nine, 400,00100O; at sixty-three,
SS00,C00,O00 and at seventy-seven there
your Millionaire with a little capital OF
81 ,600.000,000.
"But we need have no fears for the
future. Wealth will always be generally
distributed and there's no country in the
world where Investments are so safe as in
the United States. We are living in a re
public where the ballot, in the hands Of
the people, can make and unmake even
billionaires. Good-by. Call again"