New-York tribune., 1900-05-26
THE PASSING THRONG.

I'm our younger days." said L. II. Chandler. Of
Chicago. at the WaIdorf-Astoria yesterday ''for-
eign writer's speak OF
AMERICAN Yankee shrewdness and Yankee
INVENTIONS cunning but these terms. with
AT PARIS. which Europe intended 10 cast re-
hection the higher character OF
the Inhabitants OF United States the latter end
Of the century finds changed American wit and
American genius. The sturdy STRIPPING of a nation
that century and quarter ago dared throw OF
It's leading strings and defy anger the parent
that held them has grown to manhood and taken
rghtful place among the great Powers which con-
tro and rule the destinles OF the world In nothing
have American brains proved themselves more
sgnally than In the genius of her for inven-
tion, Il has revoiutiOnized the, method OF naval
warIare' and In more peaceful yet fully as i'm
NIthout the moqern reaping, moving and kindred
harvesting machines IL would cost a vast deal more
and these vitaly necessary foodstuffs would enter
the worlds markets at higher prices than they do
vested by the Individual laborer with the sickle
and large proportion of these laborers are women
In Russia, eliminating the women the same CON
ditions exist and the country OF the Car In agri
nations of the world The peasantry there sIi
fher 5ne sround nd with the wooden plough and
asr,eultHraI machinery. and yet In allotting
given little space to this most important of ali e-
6l hlbits and one which would teach much to
facturers Of agricultural implements in this couH-
Fair Was only 20 by * est s1 & is Ger b saes at the
had only four 1ve square feet more
"B. Newgass Of London" said Walter Rigelov
OF Philadelphia, at the Fifth Avenue Hotel yes
terday has had most extraor-
GREAT CA binary career. During our Civil
REkR FROM War, from Louisville as his centre
A SMALL of activity, Newgass was able 20
BEGINNING get through both the Union and
Confederate lines with tobacco and
cigars, which he sold at great profit 90 himself
The termination Of the war found him at New
Orleans. where he remained for a time. engaging
IN the cotton business. Newgass made a good
deal of money, and finally deciding that he needed
a wider field for his operations he transferred the
scene OF his business activity 10 Liverpool Eng
land, where. after short time he worked one Of
the few successful cotton corners that have ever
eeen pulled off. This occurred In the early eighties
ana NeHgdss. now rich man. closed up his busi-
ness AFFAIRS In Liverpool and settled in London
wdTiG wheTe he s,. soon became the f4aneia
HrIL ms partners at TINS time We're j. Dudley
iTnyuer if a member OF the family of the Earl OF
Wharncline, w and young German named SchIes-
ers OF that name. Newgass was associated with
tne EotnsGhids & and also had large business
PendoG p M m NeWg2sS 900 Was supposed to be worth from
bacco dealer of the early sixties in less than thirt
e SearS ne mad haa risen to he one OF the recognized
fortune" 7'U
In London 1t Is the custom like that of you-
Consolidated Exchange here. deal in open con-
tracts. settlement day occurring
r<>iLf@D FUN twice a month The settlement
MILLIONS. day following the Barring panic dis
bCT BEGAN closed the fact that Newsass's
AGAlN outstanding obligations reached
the enormous figure of f21. 900 600 or
SlooOOo.OtO- He was in Argentine and American Sc
curties up to his neck. and also held heavily in
those nearer home. such as brewery shares and
the like The firm of B. Newgass & Co. Limited
was practically ruined and IL necessary for
the head of that firm 20 begin life over again.
Among other things tina: he had been interested in
was the old Atlantic and Danville Railroad which
combination OF circumstances had forced into
the hands OF receiver NewgaSs came TO
the United States. took the presidency the road
and buckled down work and successful was
ne that he was able 10 relieve the al from the
receyershp. and ultimately sell IL he Southern
Railway Company
To-day Newgass has back much OF that
which he had lost. and seems in a fair way re-
cover more still by his courage and power work,
coupled with great business sagacity. Physically,
ne Is little chap like the late Jay Gould. prob
ably doesn't weigh much over hundred pounds
Before his failure his most pronounced character
Stfc was an unbounded faith in his luck, which he
believed to be absolutely invincble. Just he
Is in this country settling UP odds and ends
of his affairs"