The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-18
WALL sTEEr PROMOTERS.

Ask Wall street man what a promoter
is and he will tell you in flash that he is
nuisance, bore, bother, crank, a
deceiver, an enthusiast, or-it may be-
an honest man. Promoters stand on the
Western Union steps waiting to get at the
Gould boys. Russell Sage has to shut the
door on them, They stand in the corridor
leading to the private offices of j. Pier
pont Morgan, they iostle Collins p. Hun
tington in the elevators of the Mills build
ing; they wear out Flower & Co.'S car
pets, and pound on the doors leading TO
the private offices of II. T. Wilson, they
poster William G. Whitney; they make it
wearisome for the Astors and the Wander
bits, and ruftle even the serene tempera-
ment of ChaunCey NJ Depew. The Goe-
lets do not escape them. The Stuyvesants
have heard their cackle, and the Rookie
fellers and the Paynes have frowned upon
them. Wherever there is fat bank ac-
count, wherever there is a man with mill
lions or thousands at his disponsal, there
you will find promoters also.
A promoter is a drummer on a large
scale He wants to sell something big to
the men of money. Gov. Flower when
he was head of the house of Flower 81 Co,
delighted TO tell of the man who had
evolved the scheme of a pipe line IRON
Orange county to New York. This pipe
line was to be similar to that used by the
oldllNdIu 4Nfll &Oulk dAlS III bLAASLuB us
petroleum from the Pennsylvania wells
to the Atlantic seaboard. II was to con
vey the milk of Orange county from that
blooming and beautiful region right into
the thirsty streets of the metropolis and
MIR. Flowers visitor thought it the most
feasible scheme on earth.
| Not long ago Russell Sage was asked to
! lend his name and a few hundred thous-
and dollars to organize maple sugar
trust. The company was to buy up all
the trees, especially in Vermont, and the
| tall, lank Nermouter who had the audac-
| ity to breach the subject to MIR. Sage said
| that they would fairly make things hum.
! Coils p Huntington frequently speaks of
| the enthusiastic citizen of Utah who
wanted him TO buy the Great Salt Lake,
and set up works on the shore in order to
evaporate the water and get the salt out
| of the lake. The NanderbiltS only a
short time ago were bothered by a
genius who wanted them to buy all the
| battlehelds of the late war. He thought
this would be the greatest monopoly of
| the times. He did not promise any bene-
fits to the present generation of Wander
/ bits, but he was convinced that if a stock
company was formed. the directors of
| which should have power TO name their
/ successors in their will, the future Van
derbilts would reap billions from the pur-
chase of those spots. They could be
IenC6u IN, anu IN Jlule maze beautiful
parks, to which an admission fee could be
charged.
1t is true that many substantial enter
prises require large sums of borrowed
money for their development, but pro-
moters of such undertakings have little
| difficulty in securing attention from the
mOneyed men. Bankers and millionaires
with vast resources are always looking
out for sound investments, but it is only
after the closest scrutiny that they will
part with their money, and the ordinary
promoter finds his path indeed a thorny
/ one