Evening star., 1905-07-30
Financial News Letter
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NEW YORK. Julv %. 1on,
BY ". G. NICHOLAS,

NE w Iohhs July 20, 100.
The peace of Wall street has again be-
come endangered by the Vaccinations and
intriguing Of the speculative and banking
branch of the Standard Oil party This
group of ambitious financiers with the alli-
ances it has formed constitutes today the
most formidable and the most dreaded COM
bination in America With increasing
power and influence the leaders of this fac
ton have grown intolerably arrogant They
are ambitious for recognition as the domi-
nant power in Wall street and are vindic-
tIveiy rese1tfm of interference with their
plans. 1t has become their habit to gun"
for anybody who may get In their way. No
game is too big for them to get after.
They are ''after'' George Gould now and
are making tremendous progress in their
campaign to isolate Gould and his proper
ties. Gould has insisted for two years or
more in going contrary to the plans and
purposes Of this powerful group In his de-
termination to create and control trans
continental railroad system he has coIiided
with them both In the east and In the west
His entrance into Pittsburg and his pro-
jections between the Smoky City and tide
water have been at enormous cost. Every
foot of the way has been a battle-ground.
The Gould plan for the construction of the
Western Pacific from Utah to the coast Is
another feature of railroad development
which has encountered the open .lisfavor
of the Standard OIL group with It's Kuhn
b-Iarriman allies.
Failing otherwise to dissuade Gould from
his purposes the Standard Oil combination
has at last entered upon the stage Of open
warfare ana is employing eyery weapon
at It's disposal. The cry has gone out that
no quarter is to be shown and that the fgh.
is to continue until George Gould bends
his neck to the yoke The latest move is
an organized demonstration against the
credit of some of the Gould enterprises.
Spokesmen for the combination are using
extraordinary methods to discourage invest
ment in some of the newer Gould bond is
sues. Although in no sense in crested in
the flotation of these issues they go out of
their way to discredt them and frighten
off investors.
They have been able within the last few
weeks to compel several changes in Gould
plans for putting out securities ana have In
many ways succeeded in arousing suspicion
as to the merit Of the output. Confident
OF the strength of his position and the
boundlessness of his resources Mr. Gould
seems to have invited the anita gonism of
the Standard Oil combination, but he must
be rudely awakening to the unpleasant fea-.
in Europe on a pleasure tour, bu. the men
he left behind him certainly having
rough shedding. 1t is understood that he
will bring his trip to an end earlier this
year than he had planned. He is needed at
home.
Just where the elder Rockefeller figures
in this bitter campaign against Gould Is
not clear. John D. Rockefeller has long
been a close friend and ally Of George
Gould. and is Jointly interested with him
In many of his enterprises. report is
current in the street that Mr.. Rockefeiie-'s
associates In Standard Oil have persuaded
him to stop further supplies "a the Gould
quarter and that he has become 1ukewarm
In the Gould cause. In other words, that
he has gone as far in the promotion of
Gould ambitions as he deems wise. The
Wall street wiseacres contend that unless
there was a welI-defined understanding on
that point the banking faction Of the Stand
ard Oil group would not dare To make the
fight they are making against Gould. A
crook of the finger of John d. Rockefeller
viii stop any campaign in which other
members Of the Standard may be engaged
Apparently he is doing nothing TO inter-
fere In the fight now being conducted
against George Gould by men and interests
amenable to his slightest wish or sugges-
tion- he may contemplate appea.anc Inter
on In the role of peacemaker and har-
m0nizer, but seemingly he does not think