New-York tribune., 1899-05-14
;O.62 West 23d Street.

market does not depend upon the life OF any one
man; II Is based upon the undoubted fact OF the
countrys prosperity. Only the other day there
died in London man whose stock market opera
tions we're conducted a scale several times as
large as the Governor's-Raphael. His death has
had no permanent effect upon the market, nor Will
Governor Flowers have. understand. too. that
the Governor has for the last month been grad
ually getting out of the market and that his hold
ings at the end were comparatively unImportant."
s. " White said THE worst OF the heavy de-
cIine was over at ten minutes after 10 O'clock
There may be further liquidation next week. but
Wall Street values do not depend upon the life OF
any one man. There other strong and capable
men in Wall Street who can take Governor Flow
er's place although we shall all miss his judgment
and his personality. There Is no reason why good
dividend paying stock should sell lower"
Henry Clews said "In the death Of Roswell p
Flower Wall Street and the world OF finance lose
not only a good representative man. but a
geous. sagacious and valiant leader. His death
however while a sad loss 10 his family and host
OF friends. will not In any way interfere with the
prosperous condition OF this country which Is the
backbone OF the stock market. Mr. Flower was
quick to read the handwriting on the wall from
the change Of depression and prostration OF busi-
ness interests to forthcoming prosperity, and he
enabled. with others VINO thought ana acted
as he did. to help along the tidal wave that came
into existence through natural causes. his death
will not change these conditl9nsI1they Wiil remain remain
before.
made a bargain counter for the thousands OF mill
ionaires ana the hundreds OF nultl-mlhlonalres 20
pick up securities cheap ana they will be found
quick and ready 20 scoop up everything IN the way
OF good properties In the market offered at conces-
slons which make them look cheap MI Flowers
dea tn removes man from active Ire VINO was a
factor In the deveopment OF this countrys re-
sources and will all miss but wall street
will remain exactly where II is, and after the hurry
" which we have witnessed this morning-and the
worst OF II may be considered az over-a readJust-
ment OF values will assert itself
THE Wall Street market cannot De measured by
any single coming into existence or going out
OF H. Mr. Flower probably worth Sg,VOOO.
Jist think for a moment OF the vast money power
which backs Wall Street and the business Interests
OF this country which he leaves behind John ~
Rockefeller worth 100000 william, MS erotner'
$50 600 600; the Astors S2500O0oo the Nanderoilts.
600 900: C. T. Huntington $40 100000, and many hun
dreds OF Others worth twice as much az what Gov
ernor Flower possessed. | give this array OF ng-
ures OF individual wealth TO show how insignncant
the power OF any man Is as compared with
com binatIon OF others. This Is an age OF combina-
tion and Wall Street is now the market or me
world for speculative dealings and lnVestmeht
transactions The ROthschiids, the Duke OF Wes,,
minister the Duke Of Sutherland Hirsch ana az
the great wealth OF Europe is more or less IN an"
nut OF this market I'm their operations. . -,
''It was thought when A. T. Stewart died thcfe
would be no one to take his place, ana behold ths
change, IL he should come back now there WOULD
be no place for him. nor could ne create one. nsn
commodore Vanderbilt died the feeling was the
same So II was when William III. NanderDit ne-
narted. also Jay Gould. and host OF others None
OF those are missed In business anshs-so
me world goes on. and will 10 the end