The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-03-12

late postmaster general mas, since his re.
tirement from the cabinet, made profess
could not afford to break them of to re-
enter Mr.. Cleveland's official family. Mr..
Villas was sent to the senate and Mr..
Lamar became one Of the justices of the
supreme court.
All Of President Harrison's cabinet will
become active IN private pursuits. Mr..
Foster, his secretary of state, will resume
the practice of international law in WASH
iGgton City ~ soon as his labors in the
Bering sea conference are over. Mr.. Miller,
the attorney general, will return TO the
practice of law, and with the expectation
of largely increased clientage. Ex-Gov.
Foster, the secretary Of the treasury, exc
poets to 90 extensively into business,
both In mine development and In other
will resume law practice upon Wall street,
New York. and Mr.. Elkfns expects greatly
to improve his investments in West Wiz.
ginia properties, having now the con.
struction Of railway in view. Mr..
Wanamaker will return to his private
business in Philadelphia. and Secretary
Noble to the practice Of Law in St. Louis,
going again to Be farmer.
One remarkable development has been
noticed for the past twenty years in the
tendency Of those who have been associ-
ated with the treasury department to
come to New York city and engage in i'm.
portant financial ventures. The tendency
was first illustrated BY Mr.. Bristow. He
Was esteemed one Of the stxonE members
Of Grants administration, and had At
tracted an element which gave him power
full support for the presidential nom-
ination in the Republican conven-
ton Of 1876. He came in 1877
to New York and was associated with
those who were employed in mighty finan-
cial operations on Wall street. His rela-
ton TO these men was that of counsel.
He became tho legal adviser for
several Of the great railway corporations,
and he has accumulated fortune in this
pursuit. He looks scarcely . day older
than he did in 1877. and may be seen
Club. where his dignified merriment is q
delight to witness, and he says with i'm
pressive sincerity that the happiest days
of his professional life have been those
which followed his retirement from public
office.
John Sherman could, had he chosen to
accept any one Of the several propositions
great financial institution in Wall street,
where he would have vastly increased his
fortune and been recognized Is one of the
great powers OF the financial center. He
preferred, however. to return to the sem
ate. probably to serve that presidential
ambition which he frankly admitted pos
sessed him. His successor, Mr.. Window,
was, until President Harrison recalled
him to the treasury, . familiar figure in
Wall street. His plans were far-reaching
and involved . considerable spread
ing of his capital. His brilliant
exploit in refunding into per cent. bonds
government obligations which had been
paving higher rates OF interest brought to
him the respect OF the great bankers.
sacrifice for him to return to the treasury
department.
When Mr.. Manning retired from the
treasury he found capitalists waiting for
him with propositions at hand and purses
open. 90 that he became president imme-
diately of new banking institution. The
treasurer of the United States under Mr..
Manning, Mr.. Jordan, was made cashier
of this bank. and upon Mr.. Meanings
death its president
Mr.. Manning's successor a. secretary Of
the treasury. Charles s. Fairchild. found
awaiting him upon his retirement from
the cabinet the presidency of . great bank.
ing institution. He receives - its presi-
dent three times the salary which WAS
paid him as secretary Of the treasury. and
he has become one of the great conserve
tive influences of Wall street. Before he
went into the cabinet he had practiced
law, having been attorney general Of New
York. Gov. Foster could associate him.
self with New York bankers if he chose to
listen to propositions which have been
made to him.
John Jay Knox, who for many years
was comptroller Of the currency and vas
regarded a. the best authority on the
national banking system of his time. was
tempted to Wall street. The presidency
of Q bank with many millions on deposit
was offered to him. He had been serving
as comptroller for 200 year; he became
president of the bank at a salary six times
As large, and moreover, although he lost
the authority Of his office. he found
that in place of it he had the
authority of influence and expert
ence. Mr.. KNOBS successor. Henry w.
Cannon, was made president Of what was
really the successor Of the frst bank estab.
lished in this country under the national
banking system, and he was also appointed
q member Of the international monetary
conference. Mr.. Hepburn, the present
comptroller of the currency, will
probably become the associate or Wall
street hnanciers 1t an early day. Mr.. CHI
fiilan, who was treasurer Of the United
States for q number of years, ID associated
with Wall street capitalists in mining en-.
terprises, and Mr.. Hyatt, who was also
treasurer for time, - employed in some
what similar ventures
The commissionership of patents has
long been regarded as an Office Of the high.
est value 10 . lawyer who desires to prac-
tice Law. Mr.. Mitchell, who held that OF.
ice under Arthur, after he retired
gained . splendid practice, and Mr..
Simmons, the present commissioner, will
probably find a profitable clientags
awaiting him when he retireA So tie
a So