Arizona republican., 1901-01-26
NEW YORK GOSSIP
Something of ]. J. Hill, the Railway
 Magna'e.

pondence of The Repub.ican.) )-Almose | simultaneously with the appe arance Of | Mir. James ]. Hill In Nsw York appears ! his senatorial boom in St. Paul .anl
 there is something in this. For while
 MT. Hill is probably the busiest as we'll
 as the raost practical railroad man in tke country, there is doubtless some thing beyond that that he would like | same as there Is something beyond
 what he Is now getting or doing that | every successful business man would | like Good plan to keep your eye on | Hill. He has aiways been able to do
 exactly as he choSc with the Minenso:a | legislature, and that. too. on account
 of his dominating personality. He has such q gentle and persuasive way with | h,m; likes to talk with everybody; will 1 talk with anyb1d 1dy os long as anybody | will listen He enjoys the company of senators and unqucs st!onably would like ! O jC.n their ciub--if ha only had the 1 time. Perhaps with the details of the | management of his various railroad
 propelti ties shunted off upon the should 1 CTS of his sons and others he might find | the time. Mir Hill had a considerable boom as candidate for resident ia the | columns of Philadelphia newspape.'
 the other day. but perhaps it would be al that could be expected if he goes
 to the senate from Minnesota as a re- publican. Surely he doesn't care for | free silver. or for anything else con
 neU.cd with populism, even remotely:
 and ry likely h. is working around | just HOW here in New York to belief | that the ship subsidy bill Is not such
 bad thing after all. Why not? All of
 his intimates here are probably in fa- l vor of It. and 1t was sclne great man
 among them that said nothing was 90
 cowardly as a million dollars, except I two million dollars.
 One of MT RLll's big New York | fri nds continues to be Mr. J. P. Nor | gan--same as last week. Mir, Morgan
 isn't having everything his own way. | Robert Olyphant and his fellow direc- | tors in Ontario X Western have just | adCsd two per cent to their latest div | idend-perhaps to make it shade | harder for Mir. Morgan to buy it. In
 the end of our biggest railroad financi5r
 wsll probably w.n. Peace is more com 1 fGrtable than struggle. and, besides. | there is usually more money In 1t. It | took thin fivr million dollars even in | Mr. Morgan's hands to buy the Penn sy.yara coal company. but he needed | it in his business of ''co-ordinating,
 not to mention benevolently assimi- lating all of the coal roads. So the | thE y-five millions was probably as nothing As for tha smaller roads of
 the west. which J. P. Morgan & Co.
 may have reorganized. don't worry
 about their declaring dtvidends-if you
 have bee n worrying about it. This im-
 m nse banking house couldn't afford to
 sip up in a little thing like rhis.
 The ether feature of this weeks news
 is another tlg row. which may not be such big row after all, among the | steel million l!res--or billionaires. for it
 s-ems Mr. Carnegie isn't the only iron
 master who can establish a twelve-mil-
 lion-dolar plant on lake Erie. Herr | comes along the American Steel and wire cOmInny. determined to do tn i same thing or something bigger. It is | f dred in some quarters that Mir Car
 negie, with all these new enterprises pressing upon his attenticn, will not
 have time to give any more libraries away; though if any reader of this has
 such designs in mind. hn is r. spectfully
 urged not to give them up. l hear ' from inside sources thai a great many of the big people in Pittsburg are re- sentful that the tide water railroad l lines out of there should have partly Gstermin q Mir. Carnegie to seek an
 outlet for his products by lake EIie. and also to establish on it's shores an
 industry employing five thousand and | possibly ten thousand men. But that
 doubtless Is thu economic place for his
 great tube mills. For surely the Amer | ican Slael and Wire Co. wouldn't have sought SD soon to follow unless 1t had beer the economic place for them. Doubtless it b. hOoves us all to be sit-
 uatcd right for struggle. and this would seem just as importani for the million- aires-or the binionaires-as for any | body else,
 In the stIictest confidence the sugar | trust has been cutting up in little
 matter lately that greatly dfsturbs the New York Life insurance company. and | also many leading manufacturers. | haven't any grapevine telegraph line to Russia, but und rstand they raise
 sugar there. Some of this. a compara- lively small quantity, it has been sought to bring in at this port. The | sugar trust has been objecting SO strongly that many who wish our present trade arrangements with Rus
 sta tO stand (ani these chiefly are rep- | resented In our exports of some ten
 million dollars worth of goods year to Siberia and Russia), arc greatly alarm ed. Especially in the New York Life alarmed: for this country, be 1t remem-
 bered. took some ten millions of the recent Russian loan of fif.y millions,
 and th@se life insurance magnates want
 our cordial commercial relations with
 the Russian empire to stand This
 would seem like battle of giants
 VIII the New York Life win? Possi-
 bly-yes. probably. On the face of 1t
 they sem to br the nearer right: and
 on general princ.plas the American Su-
 gar Refining Co. may be assumed to
 be the nearer wrong, besides, the N w
 York Life crowd" probably has the most money.
 This last is an importani circum-
 stance. not in any popul!s!tc sense, but
 Because money Is the most important