The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1892-12-09

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had before sold, and indeed great many
more.
He had successfully accomplished the
first part of the bold game. He had held
an enormous number of shares at high
prices for future delivery. He had
hought back these shares at large profit
and he had induced great many of the
principal Wall street dealers and their
customers to believe that prices were GO
ing still lower, and in that belief to sell
large amounts of shares at low prices for
future delivery, and these contracts to
deliver Erie shares at low prices Gould
h,s'self had purchased and held them
lready to use whenever the fitting moment
should come
The panic produced by the extreme
scarcity of money had depressed the
price of gold the same as the price of
everything else.
Gould, flushed with money and success,
proceeded to buy up immense sums of
gold and then withdraw from the mar
ket the whole amount, as he had done be-
fore with the greenbacks. The immedi-
ate effect was to make gold SO scarce
that l per cent. Il day interest was paid
for it; that the price ran up per cent. in
two days; that the whole export trade
and the foreign exchanges were brought
to a complete stop and many foreign
merchants involved in tremendous losses.
After this tornado whirled through the
gold market, gathering up fresh addi-
ton to his previous profits, Gould turned
to the stock market again. He had pur-
chased almost all the shares of the Erie
that were in the market and he had pur-
chased the contracts of many persons
agreeing to deliver him certain amounts
of shares at low prices. These persons
we're soon called upon to make their de-
liveries, and as all the stock was in
Gould's hands, who, of course, would
not lend it, thousands of shares had to be
bought of Gould at 55 and delivered at 35
and 40.
By this tremendous overissue of stock
Gould had depressed the price of Erie
stock 30 per cent, reaplng an enormous
profit With money so obtained he had
run up the price of gold and made anoth-
er large profit. He had then advanced
the price of Erie stock 80 per cent. and
made larger profit than ever. In the
course of these operations he had ruined
hundreds of men in and out of Wall
street, had arrested the whole business
of the country for nearly two weeks, had
brought the banks to the verge of sus-
pension and seriously threatened the ma
tional credit.
Could is safely housed in the cost
ly mausoleum the newspapers speak
of him as s'the great financier," and
publish his picture and that of his
children, also of the house where he
was born, the school house where he
first went to school and the fine resi-
dence where he died. Column after
column is devoted to him and his
family.
A few years ago two or three dar-
ing outlaws "help up" a train on the
Western plains and after robbing the
express safe went through the cars
and relieved the passengers Of their
money and valuables. The newspa-
pers told of the occurrence, and of
the pursuit of the outlaws, how one
of them was shot and the other two
safely lodged in prison, but no
pictures of families, schoolhouses,
mausoleums and palatial residences.
Poor devils !
Over in Podunk a poor, shiftless
fellow, who never did any special
harm, being his own worst enemy, in
dire necessity stole bag Of meal to
keep his family from starving. The
minions of the law fastened upon him
and he was sent to the work house.
The local paper in mentioning the oc-
currance causually remarked that his
family had been taken to the poor
house. That was all.
All me
SO wags the world
One other thought:
OF course Jay Gould, who COM
menced to pray in early life and died
with "his pastor" in attendance, is
now basking on the shady side of the
big white throne. The train robbers
have taken up their abode with old
shoot and horns" who out of respect
for their daring has given them as
soft a snap as his dominions afford.
But the poor "cuss" who stole the
meal there wasn't any financiering
about that )is put to shoveling brim-
stone, and
When he's been there ten thousand years, with
fires bright as the sun,
He'll have no less days to shovel then, than
when he first begun.
SiflerletS-ShOrt and Snappy.