New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-20
PERSONAL.

ment from John Cutler Of Albany Wish this turnout
ArculAius was on the toe1, going 81 swiaghg pace,
when the horse sudcsnfy- wi dead. The fEmal
very fart and within few days h.s owner had de-
cined to part with hin 90 tie round gure Of 80 500.
Henry Ward Beeotery Gays I'ss AAtt-Slavery
STANDARD, lis engaged to peseh to Theodore Parker
congregation on some Sunday during the approaching
Spring.
Tom liver arrived IN Washington On Thursday,
and is quartcr,d at the National He 10 down with
invitations to sporting saloons and viii, IN day or
two give sparHne exhibitions.
Ralph Waldo Emerson tees an extra train, on
which he the sole passenger, from Lafayette to
Chicago the other evening" iss to lecture in the lat
ter city.
Lawyer Sennett is to appear before the Legislative
Committee at Richmond in behalf of Stevens; with
view Of obtainiDga pardon. Mr.. Sennott goes upon
the invitation Of Gov. Letcher, with the promise that
the subject shall receive his careful attention. The
Judge and the Prosecuting Attorney who tried the case
viii unite In the application for mercy.
Elder C. Southwick of the NewYork Eastern
Christian Conference desires to cay through TIE
TRBUEE to that Conference tina. on the 18th inst he
ceased to De member of their body.
-Miss siddcns pupil of Macready, and liueal de-
sesndant of the great Mrs siddons is shortly to APP
pear ON the stage in London, Us Lady Macbeth.
In addition to what we published on Friday in
regard to the late Stephen Whitney and the growth Of
his colossal fortune we gather from contemporaries
the following additional items:
"Tae deceased was born at Derby, Conn, from
which place nc removed TO NewfOrk, where he started
in business grocer, at Coenties slip, IN which he
continued the breaking of hostilaes with Great
Britain, in 1872 During this period ne would have
accumulated considerable amount OF money as his
business bad greatly increased; but unfortunately, OF
rather fortunately, att r~ard 'ed ou he seems
70 have been too liberal in giving credit; and after
mary years Of toll he found he had ver large sum, Of
money due him. IN the South aod South Western States
IL fact he felt himself ruined man STILL he did not
despond but. with the energy that has distinguished
him through lfe and by the exercise of which, added
to thorough knowledge OF business and nncompromss-
ing integrity he has built up prncely fortune, he de-
teFmined to turn this untowsrd circumstances TO
account; and the sagacity aud foresight that he dis
played i'll the means employed and the time chosen,
strongly Indicative OF the characteristics OF the ni
" He dispatched clerks 30 make collections among
hs Southern and Southwestern debtors, with instruc-
tons 10 take whatever they could ge-Fighty Judging
that if money could aot be obtained, moneys worth
was better than nothng and determining IN his mind
no il could be converted into cash. At that time there
very little money to be had in those States where
MIR. Whtneys debtors lived; and IN the South c0lec
tins were generally MADE in cotton. But, how could
cotton be made available In consequence OF the war
with Great Britain, embargo had been lald on ship
ping, and if cargoes could be shipped in Ameri-
can bottoms, from American ports, they would never
have been able to enter English port, If they
escaped capture by the British vessels-ofwar that
swarmed IN the Cub of Florida, and were constantly
crossing and recrossng the Atlantic At that time, 1t
niay be remarked that England was as BOW, our prn
cps foreign customer for cotton although the trade at
that time was small, compared with ts present
nous extent To convey the article to the port of any
other European naen wonld have been equally hsz-
ardous. The consequence VIA that general bankruptcy
and ruin stared the cotton planters OF Louisiana and
of prf
SavsT nah, in the face, and overlook many.
g But Mr. Whitney was equal to the emergency;
and by hs admirable management, that which proved
the ruin Of hundreds tended TO the building up for him
of "a colossal fortune.
"Aa matter of course, the effect OF the panic was
to cheaper cotton TO the very lowest fgure-hoaers
being glad to get rid VI the unsuitable commodity al
most at any price. But to man of MIR. WhitEsy's
mercantile genius, the way 10 find market for the ar
ticle, and that market English one, was soon made
clear. AT that time, our readers aware, Florida
OF the provinces of Spain and Amelia Island,
north Of the Saint Johns River, the boundary hue
between the United States and Florida. Mr.. Whitney,
having purchased immense quantities OF cotton ~ Sa-
vaDnah Georgia, and Newt Orleans, for little more than
an " old song" sent his purchases 70 Amelia Island,
whence they were shipped 10 Europe IN neutral YES
sels His returns satisfactory that no was In
dueed to make sti larger purchases OF cottcn winch
ne shipped in the same manner, and with unEarylng
lie continued this business till the close OF
the war. During the attack on New Orleans by the
Brtish forces under Sir John Packenham in 1875 he
AZ.
had immense quantities of cotton in the city-all OF
which depended on the issue Of the struggle whether
II should change hands o, continue his property. The
result of the attack known; the British troops
repulsed, aud New Orleans saved On the conclusion
Of peace, in the year. Mr.. Whitney, from being
nearly ruined man three years before, found himself
poss sssed of fortune of So000 600.
Possessed of this large Mr.. Whitney could
have retired from business and enjoyed ease no had
60 honorably earned. Had he done ss, and invested
his money his fortune might then have amounted
TO millions by this time. But his was the nature to
lead life OF inactivity, ard he prepared to embark in
still larger enterprises. lie invested the greater poT
ton OF his money in real estate III this city, Here too
bis calculations were correct and evnced the adm-
rabe s resght which he possessed. With the ermina-
ton of the began tho cultivation Of che arts of
peace and the infant Republic began aha: career Of
progress and expansion which is the ACCOMPLISHMENT OF
tie world. Foremost IN tee was tie Emplre Cry
which began to grow with great Eapdty IN proportion
10 which the progressive Increase in thu value OF
real estate. In the advantages accrung from this Mr.
Whitney Of the largest participants The in
creased value Of his landed property enormous
as II was RAPID and year by year he addedto his gains
and increased bis already west wealth.
" MIR. Whitney wcs entirely devoted TO business, m
the iransaslian of which, though rgid-neyer accept
irg lees taan PEP een-he was correct, honest, up
right and fair. In the great panic OF 1887 having i'm
mense amounts Of cash NJ his command he specuhted
in paper and real estate down town These of course
lie purchased a. panc prices, sad when things
stored TO theu original stare found himself mion-
are. IN iS9s ne was taxed for a million and hall.
According To the assessments on Mr.. Aston CoHIno
doIs Vanderbilt, and other wealthy men, they In
proportion OF ODE dollar assessment 10 ten dollars Of
aesnsl property Estimating Mr.. Whitney wealth
ibis perfectly safe basis he died worth from $iO UOa
COO 10 $4,000. 600
up to the time of his deeeAse Mr. Whitney de.
voted hs time to great extent 10 collecting rents and
to supervising the repairs which ii found neees-
saiy 10 make in the numerous buildings winch he
owned, Busted in this manner, he was seldom seen
on change In fact, he was not OF aspecpanye char-