Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-04-06
GOSSIP FROM GOTHAM
]. Pierpont Morgan Sails for Europe
After Great Exploits.
MAGICAL TOUCH As A FINAECIER
n
He Has Made Wonderful Gains
in Many Stocks.
THE CARNEGIE LIBRARIES
Special Correspondence of The Evening Star.
kAa~A II

Special Correspondence Of The Evening Star.
NEW YORK, April 5. 1901.
Mr.. ]. Pierpont Morgan has finally sailed
for Europe, after one of the most remark
able> campaigns in the history of Wall
street. Since his magic touch has been
felt In matters commercial it is perhaps not
too much to say that certain kinds of Sc
curities have been doubled. Taken as
whole, the securities listed on the New
York stock exchange. alone have increased
hundreds and thousands of millions of dol
lars. What the future viii bring forth it
is, of course, difficult to even predict but
just at present there seems to be no cessa-
ton in the upward trend of prices in the
stock market,
Mr.. Morgan is not expected to return to
this country until the commencement of
the international yacht races. He Is a
leading member of the New York Yacht
Club, and, of course, it cannot be expected
that he will fail to be present when Sir
THOMAS Upton tries to "lift the cup" and
defeat the Constitution as the American
cup defender will be called During his alb
sence it is to be expected that bears will
attempt to play havoc with his favorite
stock and that many a campaign will be
planned against the United States steel
corporation. Some trained economists and
students of Wall street say that as a re-
suit OF the Inauguration of vast combina-
lions in steel. oil, minerals transportation,
ETC., the United States has seen it's last
great panic Panics, they hold, are an out
growth of competition, and that with COM
petition ended or reduced to a minimum
there is no danger of production, and
hence q period of acute depression is little
to be feared. Certain it is that Mr.. Nor
gan, John D. Rockefeller and others asso-
ciated with them seem DESTROYS that the
country should enjoy a period of great
prosperity, and so far as business projects
are concerned they are doing everything
in their power to keep prices of corpora
tions in which they are interested up to a
high level.
Criticism of Mr.. Carnegie.
Strange as it may seem there is dispo-
sition here In New York to criticise An
drew Carnegie's gifts Of sixty-five libraries
at a cost of nearly 100000 each. to the
people of the metropolis. This disposition
arises not, as it was at first feared, from
questions whether Tammany Hall or the
New York library board should control
these institutions. In SO far the people
are indulging in the policy of looking "a
gift horse in the mouth" they may be
said to be raising questions far deeper
than those of the mere matter of the con-
troll of the libraries There Is really a
more serious question in issue. 1t is one
thing to build libraries, it is another thing
to get the people Of New York to patroniZe
them. For, taken as whole, it must
be acknowledged that the people here do
not patroniZe existing libraries. The Len
OK and the Aston libraries, which are free
to all corners, are never crowded, and sell
dom are the buildings even respectfully
well filled. ar
Whether the scattering Of more libraries
throughout the city will help to make them
popular is something that can only be told
after trial. The libraries might be located
on certain streets or in certain wards of the
city, and not one person in one hundred
would even know OF their existence. For
these reasons there are those who Insist
that Andrew Carnegie would have done bet
ter had he devoted this money directly to
technical or manual training for the young.
Ex-senator Hill in Molineux Case.
David B. Hill was at the Hoffman House
a day or two ago, comforting with ex-Judge
Earle, John B. Stanchf1eld and number
of other leading democrats Of New York
state. Just at present he is busily engaged
in preparing his arguments upon the ques-
ton Of the matter of new trial for Roland
B. Molineux, convicted of the poisoning of
Mrs. Catherine J. Adams. The ex-senator
is to appear before the court of appeals in
opposition to a new trial for Molineux, he
Philbin. Mr.. Hill looks scarce day older
than he did when he represented New York
in the United States Senate.
He takes life good-naturedly and is ap-
parent1y at his ease, though, according to
all accounts. "Woolferts Roost," his home
at Albany is the head center of schemes
looking to his nomination by the demo-
cratic party for President In 1904. Mr.
Hill seldom talks politics nowadays, ex-
cept with his old political cronies, and with
men that he has trusted for years Those
who are In his confidence, however, assert
that he Is not anxious for the nomination,
unless he is convinced that he stands a
good chance of winning, and that he thinks
| it is too early to tell whether the pendu-
lum will swing democraticward four years
from now or not.
Tom JOhnsOn's Aspirations.
The Johnsons "Tom" and al" continue
to attract considerable attention here in
New York city by reason of their rapid
transit, 3-cent fare and political schemes.
The success of Tom Johnson in winning
for himself the mayors chair at Cleveland
has caused some Of his old-time friends in
Brooklyn to smile. Mr.. johnson has been
regarded as practically a resident of Brook
lyn for many years. and though he has
had heavy interests in Cleveland and other
western cities, five years ago no one would
have dreamed of his going back to Cleve-
land to secure an Office.
That he will make an effort to capture a
senatorship and governorship in Ohio, Is
generally believed here, for as one Of his
Brooklyn friends phraSed It upon hearing
| of his election:
tom johnson is nothing IL not cratic"
But even though he captures the senator
| ship or the governorship in Ohio, no one
| here will believe that he is seriously pres
| idential possibility. He has had too cratic
| a career, and he has been SO brilliant and
| successful in his fnanciering that it will
| be difficult to convince that wing of the
democratic party, which regards war on
| wealth as synonymous with democracy. of
| the sincerity Of his aims and aspirations.
| Meanwhile If Tdp sJohnson's star seems in
the ascendant In Ohio. his brother AL Is not
meeting with such good fortune in his bust
ness propositions here IN New York So far
| he has not succeeded In making any head
| way against the rapid transit board, and
| his plans for a tannei under the narrows
| from Staten Island to Brooklyn, and thence
| to New York, are no farther advanced than
| they We're two weeks ago.
MILITARY MALL IN CHINA.
Report of HI. NJ. Robinson, superin-
ko~Houk a,f the SoruioA