The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-10-26

railroads. or tube system" as 1t Is called
In the British metropolis. Messrs- Elkins.
widener and Dolan,-of Philadelphia, all OF
whom were former partners and hackers OF
Yerkes, are supposed TO be associated with
Morgan. Mr.. Dawkins has been conducting
the Morgan campaign IN Parliament, ana
is said 10 have spent 100000 In promoung
Yerkes has spent is not stated, but his
Chicago career proved HIM to be extremely
liberal in the way OF parliamentary e4-
penditures when he wanted anything. ADD
ed interest is lent TO the London tube
drama by the fact that the great interna-
tional banking house OF Speyer * CO. ng-
ures conspicuously on the Yerkes side.
Speyer & Co. have resolutely held aloof
from Mr.. Morgan and his spectacular
schemes, but they have never before openly
aaln ha the King OF the street,
Their demonstration against him In Lon
don indicates the growing willingness or
many financiers who have not been in SYM
pathy with Morgan In his later career 10
founding success has aroused jealousy in
many powerful quarters, and ii is often
SAID in the street that If the mighty
leader should show the slightest weakness
the whole pack would be on his back. The
London financial papers, which up to very
recently. were fulsome in their comments,
are becoming disrespectful and irreverent
and take pleasure in denominating Mr.
Morgan as the great American Hooley"
ana characterize some of his schemes as
fantastic. 1t is noted as an incident bear
canadian government is going ahead rap
IDLY with its plans in support of an opposi-
ton ship combine. and that the Interstate
commerce Commission is about to delve into
the mysteries of the Morgan Southern
Railway combine, which is greatly disturb
ing the territory directly involved within
It's scope, is well as the whole country.
Friends Of Yerkes recall that before he
organized his London campaign he made
the statement that the British capital was
the greatest gold mine in the world, beat
ing the Rand and the Black Hills or any
other deposit ever discovered. He an
nounced that he proposed to develop that
mine, ana expected to make the most CO.
lossal fortune of the age, and if his under
ground plans pan out as he anticipates
* Is more than likely that ne will follow
them up with colossal real-estate move
ment In the same city.
XXX
The money supply of the country is keep
ing pace with the business requirements,
urgent though the latter may be- Finan-
cial statistics show that since the great
boom began six years ago the stock of
money in circulation has increased nearly
SoOOOVO,OoO. or at least so per cent over the
aggregate OF IS96. The per capita circula-
ton Is now nearly $29, the largest In the
that the great bulk of this increase is in
the hands OF the people and is kept in ac-
tive physical circulation among the multi
tudes.
The Wall-street jargon Is Greek to the
world at large and needs free translation
to be understood. Here are a few phrases
which are in common use In the financial
writings and financial bulletins about Wall
street and its environments: In writing of
Sugar 1t is customary to refer to Mr.
Havemeyer. president Of the company, as
Lower Wall Street." Kuhn, Loeb & Co.
IN
pont Morgan's office as the Corner" or
the White Elephant" the latter express
sion being due to the fact that the building
In which the banking house is located is
or white stone. Mr.. Morgan himself is
spoken Of at long range as 1.-The old man"
or the old man on the corner" Mr.. j. r.
keene, the premier Spectator, Is referred
to as prominent Broad-street operator"
The Standard Oil crowd Is identified under
the heading ''26 Broadway" or 1.-The Ma
tional City Bank crowd" Mr.. John w.
Gates and his friends are invariably men
toned In the financial news service and
gent w. III. Moore, j. H. Moore, ID. G..
Reid and w. b. Leeds were formerly
known as the Tin Plate crowd owing
to their prominence in the tin plate trust.
but they are now described as the Rock
Island party or Moore party" The
prominent Boston operator" is w. S..
and other leading factors in traction Sc
curities are known as the philadelphia
interests" The Standard Oil crowd is
further subdivided into ''St. Paul."
Leather" and Sugar" The magnates Of
that industry divide with Mr.. Havemeyer
the honor of controlling the sugar market
The Vanderbilts, Goulds and Messrs Ryan
and Brady, the last two active in traction
and gas stocks, are always mentioned by
name.
In the rush Of building construction down
around the Stock Exchange many of the
old landmarks have disappeared without so
much as causing remark or setting the
tongues or habitues of this section to
wagging. One of the venerable landmarks
to which attention of tens of thousands of
strangers has been called in times past,
and which has vanished, is the areaway on
New street, near Exchange place, into
which Broker Selover once dropped Jay
Gould. The men had INDUCED In the ex-
perience of row of some sort and Selover,
who was a big man, happened to meet Jay
Gould, who weighed about 100, picked him
up and bodily threw him in the hole. Now
a solid flagstone walk marks the spot.