The herald., 1898-02-22

on financial matters are gravely quote
not only in newspapers that advocate II
gold standard, but also to some extent
,ther journals of divergent views. tt
New York Criterion of 18th inst. express,
touching appreciation of Mr.. Clews ar
pf his services that is too keen to be ell
lirely lost. 1t says:
Henry Clews is the Barnum of the
stock exchange. He has the same keen
sense of the value of advertising; the
same good-humored, semi-cynical be-
! lief in the gullibility of the public, and
( their desire to be hoodwinked.
He came to this country from Eng
\ land at an early age, and has become
thoroughly Americanized. He is DEM
ocratic in business matters, has box
at the opera for the hints of wealth
that 1t conveys, and owns place at
Newport because 1t implies familiar in
tercourse with the great millionaires
Also, he is quite bald, save for fringe
of white hair that makes the back of his
head resemble that of a tonsured Do
minican friar. His mutton-chop whis-
kers are dyed an artistic lead color.
He conducts the so-called Banking
House of Henry Clews,' but. strictly
speaking, he is not banker. Many
men in Wall street will tell you that
Henry Clews' is the biggest bucket
shop in the city But you must not be-
leve them.
In the first place, it is not the biggest
bucket-shop In town, and, secondly, it
has never been proved that 1t is a
bucket-shop at all. The stock ex-
change has not suspended him from
membership, as 1t has other firms
found guilty of "bucketing" orders.
Henry Clews is a nobody, financially.
His failure tomorrow would create lit
tie excitement in bankiiW. circles. And
yet his firm is better known throughout
the United States than many of the re-
ally important brokerage houses. This
fame is Clews' monument. He has
achieved 1t by all sorts of advertising
devices.
He has written q book. He has OBJ
tained free advertising by endeavoring
to associate himself with protective
committees issuing touching appeals
on behalf of the widows and orphans.
He tried unsuccessfully to get into the
road committees. In 1892 he was one
of the committee of three appointed to
investigate Northern Pacific. Such
r things mean advertising worth thou
sands of dollars.
There Is not subject under the sun
on which Henry Clews hasn't an opin-
iona typewriter opinion for publica-
ton. A reporter will approach him and
ask:
What do 10, you think of the market,
Henry hens, shakes his head, and
tries to look important.
What paper are you FROM The
Orb? All, yes; very fine paper. read
1t every day. UNI think the market
is-come here; I'll tell you confidentiall-
ly. have prepared a statement on the
subject. Here 1t is. Don't mention it,
my boy. Glad to see you at any time''
o 0 o
Ryland's Circular speaks of the tin-plat,
In Wales as follows:
There was small advance early in
the year 1897, consequent rather on
more limited supply than on any alb
normal demand. In February, out of a
total Of 4S4 mills existent in Wales, 200
We're idle. There was a general reduc-
tion IN wages to about Is per cent below
the 1874 list, but even with this conces-
sion, makers barely held their own. The
exports In 1897 about equaled those in
1896. Canada and other markets took
sumcient extra quantity to balance the
Ialiing or to the states. 1t Is estimated
that the potential output of tin plates
70 the United States is now close upon
come to limited extent for oil-trade
sizes. on which a rebate of the duty Is
claimed on re-export. A demand for
tnis particular trade. sprang up in Mo-
vember and December and, coming on
a limited output, steadied. prices and
even caused some small advance.
Interpretations
Hansen & Lund Lumber companv So,
Rafael; $50 100; all subscribed.
Grants Fruits Salts company. San Fran
,isco; $iOOVoo; all subscribed.