, 1865-04-02

EOul k9C new 10fk llIfal0,I
Jacob Little, known as the great bclr."
for o long time cue Of the most p:omnen. Of
the ltudIng men OF Wall street, died yestar-
duy, at his residence In Union square, at the
age Of sixty-eiglt years. 1t has hecn slated
that he Ind fingered FIR some time victim
Of The terrible malady, softeninE Of the
brain, vhirh las carried of so many in his
pursuits.
Mr.. Little WIS born in Ncwbury mort. Mass,
in the year l797. At the agc OF twenty Years
he lell bis New England home TO seek his t,r-
tune tune II = this great metropolis, He brought
inrinciblc energy. Shortly after Lis arrival
he secured for himself clerkship in the
counting house Of the iisynous Jucob Barker,
one Of the earliest Of tho .nr..e merchants OF
New York. Young Little's tuition under this |
gtntle1nais was Lis !l:st practical knowledge
tanned the most affectinnatc regard for Afr.
Baker Is shown in all lncidrat related as nc
curing on Wall strcet, in 1858. Mr.. Little
had eetn walking vi. Ii al elderly gentleman
time they separated. Mr.. Little turn
ing Fund met Il irieud and said, painting
towards hIs late companion. 'tDo yOu know
that grn:ltman? That, Sir, Is my Old mas
LEI, Jacvb Barker; liuw we'll he looks" Mr.
Barker was then fully eighty Yeas Of ayc,
ard remarkably robust and clear-headcd.
Mr.. Little rtmalntd with Jacob BArkcr
atont fvr J. ars, wlttn lie set up for himself
us au exchange and specie broker. Il is said
that during the day he rcmaiued in bis office
buying and scll!n. specie nr bunk notes, and
| his evenings we:c devoted tn visiting large
| retail Lous's. Of Witch lc puscalsed NIL the
| urcrrrent meney they had 10 spare. About
| twelve yerrsl llt spent in these efforts Aoout
! the year 1884 Mr. Little began IL he known.
| His reputation ut this ts{ur WIS thai of an
uncs mmon1y cne'geti4 Toucst and prompt
business m4n. O'dess given to him to rslr-
i3n II 4
ly, sh1cTdly nnd honestly. He now began to
have correspondents in Boston, Baltimore,
Phi;adeljhsl apu New Orleans. at this time
& bcav, business WIS carried On h.twceu New
| York and the South, principally exchanging
notes for specie. He immediately pluctd
| himself in competition with some Of tue
greatest financieTs IF Wall street. lie soon
| gained on his rivals. le gave his whole .ltnc
| 10 his business. He Wis decided in his nloves
and his business increased with incr, dibic ra-
! pidity. Fron four thousand dollars year
! his pri fits jumped ta one hundred Thousand,
| nud at the height ri his success MS II specie,
exchange and money bsokc-, he ncttcd. it is
said, in sn,ylc year a eL Or prolt Of eight
| hundred thousand dollars.
In the beginning of the application # rail
roads t. thu purposes Of trade and trasel,
tield oi enterprise. Though majority Of tie
more enlightened approved Of them, no one
| sccEvt tO c;,mprrhF nd ac raising uf funds to
mtet b. vast outlays necessary tor their cou-
struction. Mr.. Little placed himself in tho
van q! tac s;tn,oau nlo'ss'ens. ~ naS uo%
, nln,st!l lll'!lonnfe, ;n anu "ne1e NJ lea canl.
| af,cr as The Hallway King" F,srtuuc ut
ter trd him, and In short time he coma ed
his wealth by millions. The SUCCESS Of the
tlr>t projects soon led to the construction of
1a1ironds more than necessary t. n1cet the
vans Of the country at that TIME. In addi-
ffon This yaftrfy rnrnRtiaa We're 11r,1r.
tic' ON Stockholders. Nr. Little yas one Of
The first 10 see the effect Of this state Of
things. Hc immediately changed his course.
He told every ono that, Us most of the rail-
| ing property; and, us pledge Of his filth,
Lie cop:,acted to deitver their stock nt future
| PERIODS below the Price current at the time
t OF the contract. LUIS was called, 70 M1ll
street paTlance, selling stock short This
q once exposed the practices Of many men
; 1t vas re sehal q var: ...
Vne "t h's Ks E,sas lea.s ~ ogpoS.'oa :? .he t
street. Is well 1emeuoeteo; II vas IN Inc
| uays WIEN E't ia'lroaa STOCK was selnns ..tl sn
the neisnc1nooa VI par, Ill a.,o nacn ~ .,a tue
shEe"oness ana iMpsopss TsAislsIS y. ~ maa ~
thr value o. tne pIoperts. ~ ~. +rss e.1., ~ -,
believe ~ lne pfpPsIlJ, any h1 fat.1 nr c,"' ~
gne eTlathee oi MS VAIL "a - a., - y 2neiar In
tsaetuE ~ oe' ra ~ a,,;''S .,,vvrrs of Fr;,.
Inc Ha;ket pllce: thE i enlSa H. ,no, nj the
resolved TO sna easen nun nn ane5 5,ye }GH entered
contracts ne ensfen mnu bemss,rs not to
sell him share. Before he dreamed Of. Of thi b;
plot, be Tas bound 70 denver 70 thcn st'ssaa .ts
thousand saares ana 81. tne ioos oa .t s,eo n his
rneh. ne gay came aeh th,s Ut tn,.. H. XXX
mnhc his aense1s: ~ an,y uuo ta,, sn of tthe
YES well KNOWN me conmon saIS n., ot LII. .nc
street vas tnas tnst TN ot hni,s bad H. ~ ts KS
would break yacoo. Ine ou415 Ina aaa @ nos ,ae ,l;e
least donhI OF toell s1ccsss. iAes Aau ~