The Florida star., 1905-03-03

al of rs esntr2efa at q much lower
rate than before. The oaly obligation
assumed by those who held vouchers
was an agreement not 20 sell the treas
ury notes for three months. as oSher-
wise they would have lnferfered win
the regular subscription offerings. Be
fore the three months was up the
whole amount WAS placed and the sub
scrfptIou books closed
During the whole Of this period of
anxiety regarding the government
lO&A= ! never saw Mr. Cooke lose his
faith In himself OF. more than that In
the ultimate triumph Of the govern
nent"
In connection with The aoating Of
these loans Mr.. Thomas recounts q
conversation which he heard between
Mr. Cooke and Israel n johnson which
led TO the members Of the Society of
Friends becoming large subscribers-
Mr.. JohEson. who acted as trustee for
q great many estates. objected a. 4
Friend to subscribing money for war
purpOsFs-
But" said AIR. Cooke. you cannot
object TO subscribing money for caring
for the wounded In hospitals. and ali
the Friends may subscribe shall Be
used for that sole purpose" Mr.. John
son AT once subscribed
Once when asked how he regaineSi
his fortune after becoming At 1fty-two
years of age practically PenniIess Mr..
Cooke said:
That IL simple enough By never
changing the temperament ! derived
from my father and mother. From my
earliest experience In life I have al
ways been Of a hopeful temperament,
never living in a cloud I have always
had the reasonable phi hi,os1phy TO be
lieve that msn and times were better
than harsh criticism would suppose.
knew that this American world OF ours
was full Of wealth and that IL was only
necessary 60 30 To work and md a.
That Is the seCrcf Of my SUCCESS ia life
Always look on the sunny side"
No less noteworthy than his hopeful.
ness was his innate iHIrSgIy. When
x2u.jsotUO Was Io be raised IN Europe
for the Northern fac.nc railroad enter
prise a meeting 60 arrange the preIimi-
naries OF the affair was helG at Mr.
Cookies house in OsOutZ. at which one
Of the chief figures was Baron Gero. L
the German minister to the Iui Z
States Accompanying him were some
Of the mUst important bankers Of Ger
many. Here the No-tI,Tu PaCIfic
scheme was talkei over and upon that
evening Mr. Cooke received from them
an exchange Oh Am ,geTlaIn for $JOb,-
coo in gold as q mere guarantee for an
agreement that the bankers present
would contribute S1o.,ssJOO To build
the Northern Pacific. The negotiation,
went on. and in the meantime the
house Of Jay Cooke n 20. hcid Ii
$SU0. .tOU Of gold In its vaults
Two days before the outbreak 81 the
Franco PTussian war MIR Cooke reCely
81 cahlegram notifying him that the
<-0.OUOOOO would within forty eight
hours be on deposit In $ well known
banking house tn London Thus the In
ception or the Northern Pacific railroad
on the broad basis planned by Mr.
Cooke aud bis friends appeared 10 bs
assured but during these intervening
days war WAs DECLARED between France
and Prussia. aud the guarantee Of SO.
OOUOp fell through
Ar. Co-,Ae Was asked many years
later what hr did with the $4,000 In
gold
Why. Was the reply. We paid II
back
One morning in the fst-fui April OF
1875 as the great nnAuyier was going
10 his Office III Il str,-'t ear he heard
that President I-inculu lad i,een shot
Ills nTU h~ld Il vast amount Of govern
ment paper liz rnl"rtli a telegraph
Otfice aud wirs-i his agents IN every
city in the north 10 advance the price of
governments bonds half = cent Then
hs waited until no0u and sEain wired
Ia raise the pricr cf t-oH,.s another half
yvut tie again raised the prIc- Ia the
Afterng-,n and the ncN; day he kept
them On the upward COur~~
On the seCond dHy E~ Wir,Ii thr
treasury d-pa rtment al Washington
asking - the government would SUP
port him Yes 80 ahead Sas tie
reply Every body Was uuupIuSssi Sps-~-
ulst0rS Who had sugsc sho-t uU tie
market oouId not -sr- u - ;sr tragedy
10 Washington J:I nat ur~sk the mar
ks1 IL vas JAy J,s,k-s p!Ur6 AM
prampJ.tutr ia action Whi~a Preveat~i
a financial PAM.
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