New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-21
STgrGGLE WITH TEMPTA1ION.

- "a
For two or three days last week grea'
struggle was going on in certain portions o,
Massachusetts, in lIolyokc. Northampton ana
Springfield and state street. Boston. IL was
in the minds of SINE excellent persons II
made mo visible stir in the mind OF the public
,rtr il was all over i'm the minds of the excel
lent pcrS,n> Then the public rose up amt
diseased it vigorously. The diScu>.i IN extend,
cd into Connecticut and the other New tngIahu
states. and is still going Oh. The gencraI drii'
Of il i, slightly uncompllmeniaiy to Inc eN'
rcllcnt person, in whose minds the Original
.tucqlc took Ilace The excellent persons
wore SHAREHOLDERS and directors IN some rall-
road companies. banks. insurance companies
a,d Institution, for savings They also owned
.,acl, in The Conn client River Railroad wv,
O, them were directors IN that corporation
4 ycly respectable corporation pay ing per
cent annually 10 lis lc,pcGable >'ockholuei>'
uudcr The management OF very Respectable
Eos,d of Directors. The very respectable d.
,c,i.i> # thi, corporation had voted unanl-
u,u>i, 10 lease their road - the NeW-l ORR
and New Haven Railroad Company upon term
that were deemed advantageous - both com
Lanir>. and c,pccial.. = the stockholders o'
the Connecticut Rive IoId. - complete Inc
rou,,cfioo !, wa necessary that the lease
.l,,,id I,.r,,iGcd by a vote of the stockholders
r,,l ham. cuoI that ihe manager, ol another
,,l,...d o. ,pjiro,i,n were interested ia pre-
..,,,.;,,., IT.. c,,.ummo,i,n Of the lease and
>ccmin, Ia, connection f.r themselves Inc
public announcement 81 the action 81 the III
49, ,ho o,,n.,ti.r, River road stirred
,Lcm in,n ACTIVITY. They determined - buy
on,uoh .iocl, of the road 10 control ia" stock
Lold,r, meeting and Icpudatc The contract
m,,o lax itS directors. The confirmation Of th'
l.,.c ,,u,i,d have Dat the Connecticut River
81. ,n - ,,,ity with that of the New orI
AMI N.v.II,ven-abonf >95G a ,hare--a con
"a .,l,t.. advance. am fine ,lliont market pric,
,Li,, ,,,s about So Two Of the director,
,,b., had waited for the l,a>c-aud who. II .
.,iJ ,,o,n among the most active III urging
49,, ,r,,..,..i.n fo,v.rl-hcd large blocks Of
.- ...,l rhc.n with two or three Other
r.I..L,rIl.,. ,n,poy.I institutions IN IIolyok,
n..I ,.,.;ui,, ,,.,o cnouoa to give the riya
cor,I,iu,,ion fine pov.r they sought and upset
u.. L,,,,i, ol,c,dr made The excellent per
sou. who bold these block, were approached
THAT j. the term" a,proach the wise il call.
The a,pr,arh WI, mada with an offer Of S3lC
-, share and ran 4, !, reported. from that Il
s21. Then bcnon the struggle in The mind
If t,e excellent Icr,ons.
If ,bc, sold their own stock the transaction
Lv vbicb the share, If other Stockholders
,r,,,ld l.. advanced 10 1876 would be inyali
dated and the stock o. the latter would remair
,t So. ON the other hand, they would max,
the euotmou, profit for themselves of an al
vancc of 81 or 90 points. IL no doubt scclnct
to them to be a great deal Of money. Pcrhap
il occurrcd 10 the excellent persons while Tho
struggle was going on in their minds that plain
Speaking people had sometimes characterized
lhrod' 5'"'' an" d" "'' ~ ''' Wv