Year: 1875

man ca n see into flturity this is the place for
him. He can get rich fast enough II he only


has the right kind OF eye sight.


1t is curious fact, however, that man


loses his usual judgment under the excltements
of the street. He may be first class business
man in ever other point of view, but here his


Judgment usually fails him. The very best
operators of former days are now severely
stuck and their losses on such stocks as Iole
do. Northwestern and Pacific mail are enough


to sweep away the profits of former years.
1t is a curious contrast to see the men OF luck
and those of misfortune after an exciting day


at the exchange. You can easily read the his


tory of the days battle. Some are glowing
| with excitement while others are dropping,
pale and get home by the aid OF strong drink
| A regular stock broker seldom lives past fifty!


that is if he enters the field young man. Ten
years is long time tor any man to last in such
service.


Among the men who were sacrificed to Wall
street. the most distinguished was Horace +.
! Clarke son-in law to the Commodore. He died
suddenly in the midst of immense engagements
| and under on extraordinary pressure ol busl-
ness which no doubt killed him. His death
| and the difficulties which followed did much tr
| produce the great panic. The death OF Horace
| f. Clarke was damage of many millions To
| Wall street interests. 1t almost killed the
Commodore also, for it plunged him into ii
| nancial whirlpool from which it was not easy
| to escape.


| Clarke was vastly superior to Wm. Wander.
| bilt who is in fact inferior man compared


with other railway operators. When the Com


mcdore dies all the stocks which bear his name


must decline. He is their great pillar Com


mndore saw his eightieth new year on the first


inst. He is cheerful but knows he must soon
| leave his much loved wealth. William will


get the largest part. The daughters have
| enough of their own to live in grand style and,
| hence the property will almost all 60 to VIM
Cornelius, the other son, is good-for- nothing
tippler, but though the old gentleman has cast
| him off he will take care of the family.
VIM. H. Vanderbilt has an easy life and
spends perhaps two hours day at his office IN
| the Grand Central depot. 1t is grand busi-
| ness parlor, reached by entering receiving
room of great elegance. Two colored porters
are in attendance, and the style one sees there
| is of princely order. The walls are graced
| with a portrait of the Commodore and also OF
| Wm who are the presiding deitles of the par
| lor.


Besides his other immense railway interest
the Commodore owns the best street railroad
in the city. His privileges are so fixed by la W


that he can charge one cent more than any


other road. On $4,000 passengers carried every


day this difference makes handsome amount


This road runs through the Fourth avenue
It's stock is never quoted in market. Its dlvl-


dends are never published. The reason is be-


cause it is private property. The Commodore
owns it. If he owned the way to heaven what


tariff he would put on it, but with such
things he has little to do. His kingdom is SOLE
ly of this world


While money is so scarce generally in the


country it is wonderfully plenty in Wall St
The deposits in the banks are immense. You


can borrow money on short loans at three per


cent. per annum. but this can only be done in


choice security such Government bonds
There are thirty millions now lying here


This money should be out in active circulation.
The man that controls the most money In


Wall street is Moses Taylor, the President OF


the CITY Bank. He is the keenest fnancier in
the street, and the stock of the bank is worth
$780, He can lend any day ten millions. His
own wealth is estimated at half that amount
but still he is a very close man. Many young
men are looking to this city as place OF en-
ployment and with the opening year thou
sands turn an anxious eye to New YORK In hope
that some chance may offer. AT present. how
ever this city is depressed to an almost incred


ible degree. Every branch of industry is at a
stand still. Thousands are out of employment
and are offering to labor al what are truly call
ed starvation prices. This we have said pre-
viousIy and now repeat it., for the purpose OF
giving an under circulation to the warning not
to try Neso York. There is DO chance at pres
ent for enterprise here.


}
The hard times is shown by the low prices OF


produce and marketng-all eatables are cheap


but the difficulty is how to get money to pur-
chase with at these cheap rates.


The New Year brought the induction OF a
new mayor (Mr. Wickbam) who had since theu


been run down with applications tor othce.-
The crowd around the city hall js like mob


Each man has his recommendations and ex


poets an office, but ninety out OF every one
hundred will be disappointed. 1t is poor bus
mess this waiting for Office. The best appoint
ment in the mayors power is that of commits
soner either Cf taxes or charities and correc-


tiops. These offices are worth $4,000 year
with little to do and good opportunity OF pecu


laton. There are three tax commissioners


who have entire charge of collecting the city
revenue. The latter is about twenty. three
millions This seems like a large sum but it IS
easily spent when there are so many stealing


hands in the treasury. Whatever be the party
that wields political power the city is sure to


be robbed AS fast as one ring is broken ur
they form another almost as corrupt.


Large premiums are given for offices gener


ally in the way of monthly payments. 1t la
worth S. q month to oe put on the police. 1t
is worth $40 month to be put on the clerk list
for indoor service. When a man has large
list of appontees he can reap handsome in
come.


The commissioners of Charities and correc-
tions" have charge cf the Toombs and Black
wells Island penitentiaries and hospitals
Hence they have an immense sweep OF prohts,
and the office is worth really $4,000 year


1t is supposed that Tweed paid $4,000 year
for the privileges he enjoyed. You can have
no favor of such men without money.


The Sandwich Island King, commonly called
"King Calico" did not make much OF sensa ION
here. We are too much used to great men to pay
much attention TO fat faced fellow OF yellow
tinge who does not look as though he knows
enough to carry on a barber shop. He felt
bappy when he went to see the "Black Crook -
The King like most of this class, was "dead


head" but the manager made II up by adver,
tsing him as an attraction. However 1t dld
not take, and the people would not pay fifty
cents to see "King Calico" 1t is not probable


that they would as a class pay that sum to see
Queen Victoria.


The Brooklyn pulpit has now some very
strong men. There is Cuyler, the leader OF the
religious temperance movement, ana Duryea
who, though more talented man than Cuyler,
is not 80 earnest as a reformer. Both OF these
men are Presby yterians. The most attractive


man in the Brooklyn pulpit is Talmage, whose
style of preaching is too well known to require


notice. Talnage is an oratorial prize frighter.
He "goes for" an error with knock down force.


This makes sensation and draws full house.


HIS policy is always to be attacking something,


and it must be admitted that his course is just
ludUle n mOuIu dSO pitSuCu INV 'h0 Uh0


atres. Well, they are surely bad enough.
Last week he attacked the expensive fash


ions of the day. There is much truth in his


words, especially in his denunciation of costly


funerals. A poor man cannot afford to have
funeral under present rates. reformation


is strictly needed in this point. go at it again,


Mr.. Talmage! Fulton occupies Baptist pull


pit which once was important bnt under his
control will hardly be thus considered. The
Episcopalian leader is Bishop Littlejohn, who
is man of extraordinary talent.


Beecher admits that he has seen his best
days but he is determined to show fight to the
last. He has great powers of endurance and
if he gets through with his trial safely he ought
| to preach ten years at least. Brooklyn with
lyn is New York's lodging place. Nearly 10O,-


600 people come over in the morning and re-
turn at night. Seven ferries are all the time
employed in transit. Brooklyn is SO conve-


nient to Wall street that its people are greatly
4 = \ IL.