The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-14

EIDE otaee the War.
NV NoRK, July "a certain banker of
Wall stryst, who has . national repute,
met by appointment one day early In
April . an Of wealth with whom he had
frequent business dealings. and he said
to him: I've are organizing . syndicate
to rcorgsnizs . certain railway system,
and thtak you ought TO bs one of them"
"Ars ys,u going to take An active part
In this vprk 2" the capitalist asked.
"oh. YES"
''How much 10 the syndicate going to
put up3,
The tvnker replied. speaking a. though
he were discussing no greater matter
than the:purchase Of hat or an invita-
ton to sanch: I'VE think We ought 10
TO have Is. 0oo0 Co.,"
Then She capitalist asked who were to
composssthis proposed SYNDICATE, and the
names IL several men who have won re-
spect fes business and personal qualities
were Mentioned. and then. after mo-
ment's tilence. rs though turning tie
matter oser in his mind, the capitalist
said: "isll go In Tor $4,000"
II hate put you down for 81, 90 600"
said the banker
"Welt: l Won't go so far as that Jus:
now. II you need another $500 900 send
word 10 tine. and perhaps Will pa. II up 1"
With CHS brief conversation these men
who ;aslfed Of millions as though they were
dimes separated. and within week the
syndicass which had subscribed 81. 600. 900
for the purpose the banker had in faini " as
oreanixsA. Ten years ago that would aaye
been regarded as phenomena al transaction.
aud wosld have oceasioned comment i'm
the iinahcisi marts Of the world, bat SO
rapidly :have tnanciers come To under
stand toe ease with wlliet, gsea. masses of
money an bc secured for business pur-
poses chat promise profit. and so
sklliful and marvellous have been
these lR,ter-jay Developments OF iinaneler
ing. ttat this negotiation. involving
more :noney than tho government
itself wsnted 10 borrow a; the outbreak OF
the lad war with Great Britain. occa.
stoned nere momeniary comment. and
VAS dtltnsssei in most o. the newspapers
with srief paragraph announcing iha,
an unds ;wri,ing syndicate controlling S..
ooc.eo cad been made UP 10 reorganixs the
rasiroa,s system.
One Il the aales. of the bankers Of Wall
street. ~ speaking OF this matter to the
writer. ss4i: Among the other lessons
or results OF our civil var VAS the ,ra:u{ur
OF men - that they DO not regard immense
masses ~ capata1 as oneleldy, dangerous
or dlsa VT 10 handle proa.ab!y. The enor-
nous Expenditures of the government
the Vr'di sious pablo deb, and the raa--
vicious case aai swsttaess With which the
greater s''ft o! IL has been paid, taagh.
oar it:ancsers not only hog tn gather
great -; tas q! money. even uy hsnsircas OF
alltiof J. together tor a single uargnse
bat ths: IN sonae respects the hanalEf,, ~
these 'sfas IL easier thsa the management
% sma.,er capital. while the roaer ana
the aejTeSaie profits are very mach
gres;Sti
THIEF binding ~ shs Pacific railway
and taught add the master stroke ..
genius " which Commodore yarsie-l,sl.
coaso.I: aiet ha,; Z dazea r.{f..xs
iato o;s system wita a canitslErstscT
oi some: st4e oss. aud ihet Gv stroke
oi the :pen Goa3llng shat eapitas. xr-s
tas bFsi 81 tae$e enormous agzrssa-
si1as q eAp'tA1 CT wAtcA sc have seen
80 tsAtf IA +Sse wears taat the an
noGaci eaeHt ~ them 10 longer causes any
gress s;sioalshaaenL | taiak. boxvvvr
taas ws,s really Gpon the thfesh4ag.. a,
al era s. vast combinations 81 ear!;a. ana
skai ~; ire coming esnIsry q viii be
found AZ EASY "a set together svnaieatps
Tepresschne tao o. tilFce hundred insl!-
Hons 81 dollars IS ~ has been ia aAe ias,
10 orga0lse foEr og ave u4gllseas
Jaw ascald. E0A glossoTs EanAerAg,
Henry Keep = = Morgan, Charles
Croekeii T. i. Huntington. Tanaoshg
HopksE', sad . latte 3aser sas1ae of those
. ho e,snt.OstsSs sach EAines - the Big
boasnsA and the tOmsss<k 81 the West
scs the {xsiape 81 Combining for 4 SIR.
SO pa.pess VISIT saEas % money Ear an
iaso tss raai.soas- Outside OF ssslway