The New York herald., 1865-03-29
Obituary. -
JACOB LITTLE, or WALL STREET.

years Il has been stated that he had fingered Tor some
time victim OF the terrible malady, softening Of the
bran which has carried on many engaged IN bis pur-
suits but his hysicans announce that he died OF the
disease Of tho liver
Mr. Little was born In Newburypo, Mass, In the year
i7sf A. the age Of twenty years he left hs New Eng
land home seek his fortune in this great metropolis
lie brought with him nothing but shrewd mind and an
y h sn, q atss se 1s eauninr house 81 The
famous Jacob Barker one OF the earliest OF he arge
merchants Of New YORK Young Lit.les tui on der
this gentleman his nrst practical knowedg OF Dsl
life. That Mr. Little always retained the most
arectonste regard for Mr. Barker is shown in an
NJ ,,s sss bsen wsIips w with an an .I elderly gentle
and In earnest conversation. After short time
they separated Mr. Little turning round met
do you know tnat gentlemanf That, sir, IL my old
master, Jacob Barker how well he looks" Mr. Barker
"a. thes ay eighty years Of age and remarkably robust
VI Ii,e remained with Jacob Barker about Ave years
when he st up Tor himself a. an exchange and specie
broker II % sad dur ng the day he remained in his
once buying and selling specie or bank notes, and his
evenings devoted 70 visiting large retail houses OF
hs an ,ne unsu'tsn. money m s.n .nex rs raa
About The year 1854 Mr. Little began To- 90
known His reputation at this time was that
~ uncomnoniy energetic honest and prompt busi-
nsss ORD r. given 10 him to purchase stocks were
invariably executed promptly shrewdly and honestly He
o. nsmsr. sss New o9eaas AZ ,Rs sme hssvy
blsincss wAs CARED ON between New York and the
south, principally exchanging notes for specie He I'm.
the greatest nnancers Of Wall street. He gained
ha rivals Ne rave his whole time TO his business. He
a ona osr ss Soussnd aoss
year his yrohis Jumped 10 hundred thousand and at
shs height 81 his sacce asa spece exchango1nd money
~ sFht hundred thousand dollars.
Ia shs bognning ci ths application Of railroads to the
parpases u trade aud travel Mr. Little turned his
an fo uwx uolt Of ma
of The more enlightened approved OF them, no one
semed 10 comprehend the raising OF funds 10 meet the
vast ontlays neeesary for their construction Mr. Little
placed hlmssf ia the of the railroad movement He
hisnsef millionaire, and where he led capital
.-sy x,ss yar,uss s,snssd s@ I'm. and aisr IL abort
time he counted his wealth BY millions The Of
the fret prsJccss soon led 10 the construction OF
railroads more than necessary TO meet The wants
Of the coantry Al that time. In addition
10 this variety Of rogusries practiced on
=. sss'asr NJ s was ,s one % the or. 70 ,sss zee
ehsBg hs. curse. He toi every that. most Of
tho railways were managed, they ccud not be paying
deliver their Stock Al future periods below he price eur
rent al the time u she contract THIS called, In
exposed he rrarccs o. many men 0f coure, between
such aud Mr. Latte u was The signal of war.
One u his great feats IN opposition 10 the street. IS
well remembered Il ~as IN the lays when Ere Rail.
road stock selling the neghborhood Of par, and
when The shrewdness and Improper prseiicss of
sr ne ta's ua ss nsa 3 ss asa o .ns ,b sane a,a
prrty and he vas ready 20 give evidence OF his want OF
Faith BY contracting 20 deliver sta future DAY below
the market price. The chief owners of Erie resolved 10
catch him. they took all the contracts he offered ana
meanwhile entered into compact among themselves
no, 20 sell him share Before he aresmed o .ne plot
and all The loose stock tied up by The ;onspiraors
spd Of his fesoh. The day came when Nj. Little
,ss ss :, max. his IS. s'sssss ssssa h sommos s%s
talk % The street was that that morn.
as,ut a. uI
and they had tbs slock u seemed impossible that hr
Little could escape He cam down 20 his oice that
morning cnm and cool a. usual The bulls we're amazed
nt his pleasant manner. What could ne DO, The
day AT two O'Clock Nc mast either deliver that
which they knew that he had not t OF he mast er.sk
RaiIrsad weli a. Mr. fistie One n the many yicis
tsdss which have bsfalen thA. famous cofporascn oc
became insoiyent In the straits which ne creditors
shared with u ha Efie direction issued ~ the creditors
convertible certificates 81 indebtedness. which, aitr
speclyns the amount due by the company ~ The holder
cosenaned thai the ccmpany would a any tine hold
itself hound 70 escianSe it own sosh TOT
SsolysSs ss,s sss1a sss .oss a sors % nssins sx
nobody thought 81 conseriing MS ocrncates and BY
ss ms 'as bad sssei A. .ssy N.Y. ~ ssa sa ,cs
thas the bulls had cornersd him h. quistiy fought
up all the ccrn4ies of isss that be cold hnd With
snied himself The ooe ~ she company and demanded
stock. The president and directors we're petrit
ned The lang sse o The ee.siecases wss uneaai.oe..
Little fairy overwhelmed the baIls ~ rendering them
all the stock be had deliver but they refused " take
nsrns rns os rosna .a b n s a. sa ~.
There several other occasions when Mr. Little
successfully eludei the schsmes ses 90 his ruin Ne
began TO be called he sra masr TIE esi bear of
Wall street
Mr. Little raised 10 such confidence In he luck and In
the roundne of the bear principle that he 81 no limits
10 his operations nes trap wae laid with more skiIl
than usual he fei INTO and he broke
This accident occurred "a him morr than orrs Bot u
A.. NN4E had FMTA
have Jscob iAe's suspt nded paper than many othss
mems checks In the wear after his hrst stcppage 70
.hs D. s.' sS ~ e,s,s ss., y ,.evs
hundred thousand tosars sssidaa
There Sas IA, m Mr. Lrte's lne whch ana oo,
and is4s an ,ccrl ~as made extend the is.egrsph
lines, Just thea Introduced ~ Professor hnrse he ~ss
asked 20 axe come stock IN lsns between New York
faith The sys,em of commln cation and NF Little
less than ohers "Mr it'.s. said gentleman 70 hin
work before you eesss exist, ana VIII become The
great opposition ,he Cnited states mails '>cn.
sense nonseaie replied M L,,is 're On. ~ir n'ss.
no, safe ths boys IN the streets car destroy hem ..
easily az they woa.d kiss s,uag No ar" continued
Mr. Lttle u vii give yca q ht utre1 do'sfs ~ q IN
towards bu idins iIne. bai I Wont lnves, a dollar
Fifteen yssrs Afterwards he admitted tc tho satae gentle
man the great csisxs he bad made snf sidec hai he
could thcs have owned moss Of the telegraph hses d
In 1855 Mr. Little applied for resam.s.ou to tie
board OF brokers' his having vacated us seat
There Is an snecio,c mentioned of Mr ir,e's anccn
cern over his frequent ;osses on one occaea he was
walking with gentleman on Onion sQasre when he
abruptly remarked IN careless manner u hsvt lost 40
day enough money 70 boy up this whole sccsre Yes
and think hail the people In a."
The record which VIC have gwen ~ NJ Lite earess
ie tho best comment give OF his charscsr a. .
business one OF his rotiest trs.ts was the fact
that he never pressed an unfortunate debtor
Mr. Little remained bachelor beycnj the nsus' term
OF cebacy In The year le44 he married r.ss Angns'a
M.Cary s.ser u Eacsms 30 Dion; BY shss marriage ne
ha. an only 900
rhs stock vcara q their meeting yesterday morning
adopted suitable resolutions on Mr. Lres dealb, aud
'esoved sd,oaru Friday ~ order 70 0e iresest 81
his fvseyai