The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-10
THE GOSSIP OF GOTHAM.
Financial Problem Involving Hitherto
UnCOlSideTed Possibilities.
Russell Sage and Coda New Condi-
ton Of Things in the Poetry Market.

thdt involved in the existence of what is
known as the Insurance situation. The
! insurance situation. consists of the compe-
tition of several companies all more or
less immense from the point of view of
| financial resources, but it is becoming
more ana more evident that some of them
must succumb in the rush for business.
The prospect of the dissolution of
three very important corporations is
giving serious concern to numerous
directors. There is at this time
fund amounting to some millions. which
must be invested in very short time to
enable one great concern to go out of bust
ness, while another organization, housed
in magnificent quarters on Broadway, is
trying to arrange favorable terms with a
rival for reinsurance.
The final result of all this will be that
a few huge corporations will. before many
years, have practical monopoly of the
insurance business. The tendency TO CON
solidation is Irresistible, and the financial
power .wielded uby the officers of these
concerns, with hundreds Of millions at
their disposal, will be enormous. As it
is, the heads of one or two of the NAM
moth companies enjoy financial prestige
which makes CrHSus seem rather weak
in comparison.
Altogether, the insurance situation will
afford one of the most curious problems
ever presented in the history of New
York finance, and that before long.
RUSSELL sAGE's GoLp.
Russell Sage is becoming unique from
the fact that he conceals with great care
the nature of every financial operation in
which he interests himself. OF course
fiDanPipls IN ol-.a,
the precise nature of his deals, but it is
noticeable that during the past year MIR
Sage has become almost a mystery, so So
licitous is he that not the slightest infor-
nation of what he is doing in the none
tarY world shall be made known. Hence
II has come about that sew
eral rumOrs, all more or less COB
Trajectory, have been set ahoat as to the
extent of his recent deals. For instance
it has been surmlsed that he is the tnan-
cier who has been interesting himself
with the ROthschilds in an endeavor to
corner the gold market and TO set the tide
of gold floating toward Europe, although
1t is not easy to see what object he can
have in doing such thing. At all events
it is denied on behalf of Mr.. Sage that he
is concerned in any effort to influence the
gold market at all.
The gold idea probably has its origin in
his fondness for the metal in the shape of
ornaments. When he makes present Of
anything to anybOdy-and he makes such
presents more frequently than one would
suppose, in view of has reputation for
''clOsenesS"-it is invariably of some OBJ
ject made of gold. The quantities of that
metal which he keeps in his Fifth avenue
home would make goodly sum If coined
at one of the mints. But if he is in any
gold deal as reported, he is successful in
Suppresslng evidence of the fact.
5s MINT IN CHICAGO.
Very few people are in tho secret of
the attempt to transfer the mint now
established in Philadelphia to Chicago
The idea originated in the brain of the
late Carter Harrison and, during the
prestige attaching to his city during the
worlds fair, it was thought by him to
be an easy thing to arouse the interest Of
the Prairie City's inhabitants in scheme
to have the nations chief coin factory
moved bodily to the lakeside. When
there came difficulty about Phil
adelphia's mint appropriation, the
few who had interested them
selves in the project thought they could
affect a rise III Chicago real estate by
quietly giving it out that in certain dis
trict in Chicago the mint would surely be
built, and a sale at a good round sum
took place on the strength of these rep
reservations. But the Philadelphians,
for some reason, became alarmed, and in
the Quaker City it was reported in
spasmodic way that scheme to rob it of
the mint was afoot, although Chicago was
not then deemed the responsible party.
However. the enterprise fell through,
thanks to the efforts of the congressman
who represents Philadelphia as a half re-
publican and half democrat, aided by the
entire Quaker City delegation. 1t is de-
clared, however, that Don Cameron was
in sympathy with the efforts to remove
the mint from Philadelphia where he is
not as popular as he ought to be, for some
reason. In fact, it is declared that, for a
republican city, Philadelphia views Cam
eron from decidedly unfriendly point of
view.
POETS WHO MAKE MONEY.
So unique is the situation regarding the
demand for poetry at present that the
magazine editors of New York are abso-
lutely bewildered-that is, here is pos
tive underproductien of poetry This
state of things is so rarely the case that
the memory Of the oldest editor can find
no parallel to il, 1t began about four
weeks ago, and since that time the lead
ing publications have had submitted to
them such very small amount of
verse that the supply has re-
usually the case. Why tho young men
and women who usually deluge the maya
zine sanctums of New York with spcci-
mems of their prosody have suddenly be-
come suppressed is thing for which no
editor can find an explanation Certain
it is that the supply of poetry has become
alarmingly short, and, for the first time
in decade, there have been placed orders
for poetry that cannot be flied, appar-
entity, for some time to come
However, there is one very adequate
explanation Of tho new condition of things.
It is thar those youthful persons who
would like TO lind expression in the form
of verse have been so discouraged and
have been mado to believe that they are
only rendering themselves the objects of
rIdicule that they have concluded not to
sendtheir productions to the editors. AS
result, there comes into New York so
little poetry that the supply has fallen
short Of the demand. How to remedy
this is Just what the editors do not ap-
pear to know.
CROKER REDIvIvUs.
The latest Tammany report runs to tho
effect that Richard Croker will positively
resume active leadership of the organize
ton in time, at the latest. Tor the fall
campaign. Incredible as this rumor NAV
seem. it has been seriously considered IN
the more private debates and discussions
Thn iiunp'e