Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
Long Backer of Gould.


could-until thoroughly convinced that he
was poor manager and was endangerinS
the security Of his investments. When
Kuhn, Loeb & Co. announcement was made
that they We're working in concert with
Mr. Rockefeller, Mr.. Gould was at first
loath to believe the report Inquiry at
headquarters confirmed the statement,
| however, and without a moments hest
tation the naughty head OF the Gould
family surrendered Nobody in the Wall
street district dares TO openly antago-
nize Mr.. Rockefeller. The street Is white
with the skeletons of those who have
gone against him. Mr. Gould had no de-
sire to enrich the collection. What will
now become Of Missouri Pacific is mat
ter OF speculation. 1t may be assumed as
certainty that Kuhn, Loeb 4 Co. did not
take the property over to hold. 1t is for
sale or disposal. Daniel G. Reid Of Rock
Island Is out west, and Wall street hears
that he is making hurried inspection Of
Denver and Rio Grande and Western Pa
cific. with a view to annexing them to his
system and getting his long-desired out
let to the Pacific. Gossip is divided as to
whether the Southwestern lines will go to
, the New York Central, Pennsylvania,
Hawley-Y oakum or Hartman interests
The celebrity and decisiveness with
which the threatened contest over Mis-
souri, Pacific was disposed of was further
confirmation of the purpose of tho big
interests to prevent rows or trouble in
4
Gates and their connections have success
! fully suppressed trouble in seyera4
quarters during the last three or four
| months and they are keeping UP the good
work. Kuhn, Loeb e. Co. are dividing
honors with ]. p. Morgan & Co. IN .sav-
| ing situations
Situation Savers in Charge.
/ First the FarquharPearson situation
was saved away back there in July, but
| 1t was not for several weeks afterward
| that the policy of the grand amalgamated
order of situation savers took full charge
| and made the program clear. In fact. 1t
| was not until the Carnegie Trust Com
pany incident and other minor disturb
| ances in the banking world were ironed
| out that the general public got clear
| understanding. The peaceful adjustment
| OF the Gould matter is along tue same
general lines. The tape affords further
| convincing evidence that the powers of
| the banking world are not against the
market They may not be anxious to see
prices boom just now; In fact, they are
| not bit DESTROYS of dangerous expan sion
| IN speculation, but they are clearly
DESTROYS of preventing any important re-
acton in prices
Is the adjustment Of the copper situa-
| ton. That Is unQuestiOnab in q bad
state. Official information of copper
metal facts Is misleading and Is be-
coming discredited. Actual stocks. OF
copper here and abroad are known to
| be heavier than represented by the off,
cal statistics. and II is also known that
production is going on at a much heavier
| rate than consumption The stuff Is
shipped abroad by the tens Of thousands
| Of tons. warehoused and put up as col
lateral on loans for large amounts. In
| the domestic field heavy consumers are
able to buy all they want under the rose
| at III cents pound, or about three
fourths under the publicly quoted prices.
Meantime, the market price of copper
shares Is being held up on stills by ar
/ tifcal means. For some unknown rea-
| son the banks here and throughout New
| England are making it easy for certain
| large interests to borrow money on that
| class of securities.
Preparing for Discipline.