The Birmingham age-herald., 1902-11-16
GOSSIP FROM NEW YORK.
Some of the Men Who Are Making Industrial History How Chas M Schwab is Annoyed by Mischievous Reports
BY JOHN MARTHoL.

that the police power given to the depart ment has fallen to the ground. The in- famous conditions heralded through the land prior to Mayor Lows election and labelled The Red Light District. still ex- ist in the old quarters. Moral lepers 1 reeking with contagion live in the old haunts, Haunting vice before the eyes of ] innocent children. Conditions still pre- vail on the lower east side among the poor emigarnts which even zela dare not picture. Priest and tenement worker, or as they are called, settlement workers, D find the old, crowded parts of the city little improved Prior to the passage of the tenement house bill the plea was that the law was inadequate for police inter ference and control, but the law as it stands today covers every point. What is the reason that the brothal is permitted to overflow Into the halls and corridors of the tenement where the honest laborer seeks to raise his children in purity and 1 innocence2
 That this city Is destined to be the financial centre of the world may be dis | puted, but the facts certainly point to 1 that end. When England led the nations in the commerce of the world London became the financial center In a pre- vious century Venice and Antwerp. Dur 1 ing the last few years the United States
 
 Her development has scarce begun; yet New York. without doubt is not only the financial center of the nation, but ranks with London as second to 1t, If not It's 1 equal in financial importance. To this ! financial Mecca come as pilgrims the strongest men in the great industrial world of the United States. What cat alogue the list of names would makel All the chronicler of passing events can do is to acclaim the latest arrivals. Two men-bearers of names woven deep in the industrial history of the nationwide have become great factors in making the records of our commercial life, are Mir.
 Clarence H. Mackay. son of John W. Mackay, and Henry B. Huntington. nephew of Collis P. Huntington. What a legacy is ATRckaysi Not only has he in- herited the great fortune of his father. | but the unfinished work of uniting the | distant and unconnected territories, the l Sandwich Islands and the Philippines, 1 with the main land by cable In these days of great performances and momen- tous acts seem to be easy feats. neverthe- l less, it is no small task to lay a cable l from China to California. This is the task young Mackay took up when his father lay down his work. It Is but one of the steps in the American invasion of l China and Japan. And I may here inter pretate parenthetically that no sooner l will the cable be carrying commercial messages under the seas than new steel ships launched by the United States Ship 1 building Company at the Union Iron 1 Works, at San Francisco, will be ready | to carry American wares over the waves l to China and Japan. The other man who 1 is carrying on great work Is Henry E. l Huntingdon vice-president of the South | ern Pacific He, too, Is perfecting un- l finished labors. He has taken up the life work of the late Colls F. Huntington. For eight years he was the president of the Market Street Railway in San Fran | cisco; he built a system of 250 miles of track in and about Los Angeles He bought the stock at 60 and sold it at 120. | During these years years he never had i a strike. This was because he was, and | is a practical railroad man as well as a flnancier At the age of forty-1ve he is in this city directing vast enterprises in various parts of the United States. Cool, ] experienced, with ripened judgment, with l a great fortune behind him, and ambi- tions. TO what goal are these men, Hunt ington and Mackay travelling?
 In the course of my rambles among the bulls and bears I met a handsome young financier whose industry and good for tune durin gthe past twenty years has l made him not only millionaire, but l potential figure in the railroad world. He | is the senior partner In the banking house 1 of William L. Stow & Go. Only a few years ago he secured control of the Mex ican Central and the Des Moines and Fort Dodge railroads, by skillful manage | ment, by improving the roadbed and equipment MT. Stow developed these roads so that they have become fine prop critics. He has recently acquired con- trolling interest in the Evansville and | Terre Haute railroad and he proposes to inaugurate the same progressive policy. | It Is a notable fact that MT. Stow, like | many of the men of the younger genera ton, are imbued with the spirit of prog 1 ress They are essentially up-to-date 1 men who believe in building up, not mere l speculators who acquire control, cut down expenses force increased net earnings and then place their wares on the bargain 1 counter marked for sale" MT Slows career has been a remarkable one. He has not only carved out his place in the great industrial world, but by his pleas 1 ing manners, his genial, jolly disposition. I he has made himself scores of friends. 1 He is a good sportsman, fond of society and exceedingly popular. should say he was under 45 years of age.
 l After long period marked by loss of l life and limb by reckless automobilists, l Yonkers magistrate has risen in his might l and sentenced a chauffeur to six months l Imprisonment instead of imposing a fine. | The automobilist immediately following conviction and sentence was hustled off to prison. This has had the desired effect l on these engine drivers and 1t Is noticea- ble that they pass through the streets at a modified rate of speed It Is to be hoped that city magistrates will pick up cour- age and do likewise. They have been im- posing fines in an apologetic sort of way on millionaires. arrested for reckless speeding even when limbs have been broken and lives imperilled. and yet bravely sending poor devil of laborer to prison who developed fighting pro- 1 pensity under the stimulus of beer. These 1 fines have been paid with laugh as | though the sport was worth the money. l City streets would be far safer If the magistrates had the courage to commit l to the penitentiary the next millionaire | or two who upon trial was convicted of violating the law as to speeding. Those