New-York tribune., 1908-01-11

ToI7I1es illustrates Svo-. PIP. II. 65s, Vi $40.
Philadelphia. George ". Jacobs q Co
when oId-fogy notions OF individualism are
entirely doue away with. and private pleasures
as well as occupations are regulated by central
control. some Of Us may find mild compensa-
tfon in the establishment Of Bureau for Sub
6uinE the Obesity of Biographies. The thought
Is prompted by the pair OF pOrtly tones por-
t~axtuE the life and services Of the late Jay
Cooke. Il was an interesting life he led, full
cf incident in its active years. and comprising
ever vicIsstude Of fortune good and I'll. There
are many reasons why its lessons should be
corded and Needed. But the Commissioner Of
the Bureau aforesaid would he justified in de-
-lzing that Dr. Oberholtzer's work with its
twelve hundred-odd pages and its sozen more
portraits Of its subject surpasses the salutary
requirements Of the public. Tennyson is ade-
cuately commemorated in far less space Cavour
ir one-third OF Il
Jay Cooke was born in Sandusky. Ohio, il
1871. and showed an early aptitude for business
Af-er various experiences he settled in Phia
de.phia. where most Of his life was spent His
title 70 remembrance is that in war times he
placed government securities by the hundred
million. These we're sold almost exclusively to
his feIIow-c0untryrnen through appeals TO their
patriotism as well as their pockets The banker
VAS calculating man CT affairs with touch Of
-re crusader. The life of the nation was at stake
The air was loud with military music. It was
"a psychological moment which escaped every
other eye Regiments Of bond sellers were
enrolled the trumpet and drum methods Of re-
cruitnC we're adopted orators were enlisted edi-
tors were appeased. cajoed. enticed. the religious
press was induced 10 expound a new duty Of in
Vesrment Nothing in the world had ever been
seen like it The best efforts Of the Treasury De
rar-uent were outdone over and over again
-7af- baa- Al
the word Of the wizard who knew how TO ap-
peal 70 his own people at this crisis The pur-
Chaser Of bond pracJised q double virtue Of
thrift and love Of country. "Sanguine" Is the
word that best describes the temperament Of the
fnirnitable bond seller. and II Is worth while
calling his opinion OF AIcCuIloch as a candi-
GATE for the Treasury portfolio for the light it
throws on the writer himself:
have poor opinion Of him he is not the dttest
for The place HIS ideas not right. He
seems 10 be wanting in patriotism and faith. His
ea-lare is as bank ofzcer-no higher His
views 0f our finances are TOO gloomy The times
require san-uine man. and not one who is al
E-r5rnca EiIIed General Butler al Fort Fisher and
- - - = - - -I- u n tlo5, -
pressed
r is interesting To observe the methods by
which the rarvo~ and enrhusiasms Of this san
r-Ine temperament were communicated 10 the
public. None OF the arts rf publicity were
reelected and the human side of newspaper men
was appealed 70 by options upon securities in
need or editorial stimulus, by lavish dona
-+7r= a. game and Ohio chamragne-
80 New York aewspape-z were ovorIooked. their
-.=svrz a--.rorz witch r is safe t. say nat tn
rank and E.e Of American newspaper men have
never z7T1= rT1HEe1 r@T several years IT .}aa
F751 "a. COOKIES rT7 t.-e n 15s r7IHsTEa5ly sos-
dealers af Sarl-'SE3 ~ hoiesale g2ant ties ne
game lE11 HsH 'H- e.. 51o n Ire ana LlEpeo nF
r -- -. r,-7---r gents nor were his faith
nj editorial friends Forgotten. and these remem-
s--.-z--z- -ra bonds a=ruaen ar Cooke and those
7ra served EIur- Sometimes he would buy the en-
--H crop NJ VINEYARD and reserve the first press
-E t7- I11EE M rest gong IN Ne grower 20
---r cases 0r n+ue shipment. all 10 he charged
-H -re =a-er---.r-- advertising accounts
The f-u -r Jaw Cooke & Co had started in
business early IN 1861. 5ust before Lincoln took
---= The principal had q brother Henry. vino
-rz= dose personal and political friend Of
Chase. the new Secretary Of r-e Treasury. and
his Intimacy WAS for me new firm potent
a===- n -ha- II opened rfe door TO opportunity.
Henry Cooke was = politician who had been
editor ~ an influential and improbable paper
f7i= engaging and captivating manners made
-s7r friends in quarters that could throw
business In the way or thu young house, and
f.= devotion 70 mis- brothers. interests was whole
rea-red and complete Nobody could suspect
rf-7 or want Of faith cr imagine that he har-
bored one gloomy view Under his roof the
washington correspondents are ~fled falI To the
r-f-7 nor only with edfhIez and hibfbles. but
win the glorious financial prospects Of the
Future. the Secretary of the Treasury is Sc
cured for Thanksgiving dinner hut proves in
df=7oead u touch upon business al all" although
he was given EVERY opportunity TO speak his
~-f-z~. re gives visitors an insight into the
glorious workings and results Of the popular
agency system for selling bonds. and two days
after I--~alu-s death IS using every effort 10
r-=gen- the removal q d friendly Secretary,
sp-t-z ~ change would shake confidence etc
We have used these arguments successfully
r~e4r confidence is shown in the new President
and he has displayed admirable qualities in his
~=-r position already. We haven't been idle,
r--- have kept in the background In any
event our agency VIII not be disturbed
4--az-- --r7r-er,7 Ii1ahle sort q man who thanks
Cod 74rctuouslg for glorious subscriptions but
doesn't mean the Secretary T. believe TOO liter
z-r- in the divine inrerpositon- 4 can't tell you
l.- --r-z, The Secre,ary is Eratihed al our mag
rf=oer- sales he writes 20 his brother And
What glorious subscriptions, Truly God has
blessed our work. and we owe Him grateful
and humble acknowledgements
The intricate and complicated processes Of the
-f-fr loans are carefully and skilfuIly analyzed.
and -ris. the most interesting part Of the work,
.- z-e- the host done. FuIness Of detail which
marks the authors method throughout Is made
ssror-abla bv the magnitude Of the interests
involved. An answer is attempted TO the ques-