The Savannah morning news., 1904-10-30
Lambs Pouring Into WaII street.

The lambs are pouring into Wall
street by the tens of thousands. They
come from everywhere bent on self
! sacrifice. They come loaded. They
have fleece OF from six months to two
years growth, something well worth
the shearing-and the snearers are
busy and working overtime.
u. G. NJ. Rand is the latest add
/ ton to the army of professional liti-
! giants in Wall street. He Is out this
week with an invitation TO stockhold-
ers and bondholders of "a Jim Crow
Iowa railroad TO turn their securities
over to him as foundation for liti-
cation against the Rock Island Rail-
road, former lessee. Rand was at
one time a subordinate clerk for Rus
sell Sage, for whom he occasionally
worked In the line of investigation OF
railway accounts. After being fired by
Sage he instituted number of suits
against the venerable miser for back
pay. He subsequently engaged in other
litigation Of a frivolous sort and his
last attempt has been characterized by
the news agencies of the street as too
foolish TO talk about.
Gates Big killing.
John w. Gates and his intimate as
bOttaACn nave Hidut a Dlk hlllIH hhT
stock maFket, greatly TO the annoyance
Of large element in Wall street which
would like to see him go broke. Col
Gates Is the especial antipathy of the
Standard oil crowd, J. Pierpont Nor
gan and many others. He is looked
upon in that section as a wild, un-
tanned proposition, who can never be
brought under restraint or made amen
/, able TO the rules of the club. He in
sists upon conducting mis- own game
after his own fashion. The whole street
is in combination against him. Occa-
sionally the street gets a piece OF his
hide. but In the grand round up he Is
shown to be largely ahead Of the game.
Within the week he has sold out an
immense line Of stocks, said 20 be over
100000 shares and to have taken down
a profit in excess OF $5.000,0 900. He was
one OF the early bulls In Atlantic
Coast Line. Louisville and Nashville,
Atchison, Union Pacific and the Read
ings He was also bulish on many
other stocks. Associated with Col.
Gates In his campaign were John w.
Drake and two or three others of mi
nor importance. Loyal Smith, who was
formerly one OF Gates running mates,
is now playing lone hand, and on oc-
casions has been known 20 say harsh
things Of the Chicago plunger.
Hill Disturbs the Curb.
The gentlemen on the curb are
greatly distressed on account OF James
J. Hilis Partially to foreign holders
OF Northern Securities stock OF which
there are several hundred. OF his own
motion, Mr.. Hill arranged 10 advance
to small foreign stockholders $1,000, OOo
In the shape of q ~ per cent. dividend
pending the judicial settlement OF the
Hill-Harriman controversy. The gos-
sips OF the street have worked them
selves into quite a fury OF indignation
over Mr.. Hlll's failure 10 include the
American stockholders IN his distribu-
ton. The grizzly old autocnat Of the
Northwestern railroad world doesn't
Seem % care, however. and goes grum-
Dlingly on his way after his own pc
culiar manner The old man seldom
feels called upon 10 consult either the
wishes or the convenience 81 other
people, especially the people OF Wall
street. for whom he Processes profound
contempt,