, 1873-03-08
WALL STREETS SECRETS.

Wonderful Caroer OF n millionaire
FilAnncier--Tilo Rcvoracs nno sue.
cosscs OF tho President OF the Pacific
Mail Stoamship Company--Ten MILL
ions made in Three Years.
Front tbs Ntta York Stt,, Aarch 6.
Mr. Alden 3. Stockwel, tho President OF tho
Pacific Mail Steamship Company, over whose
affaira ruulor has boon very busy In tho money
or since the Oompany's stock began to dopreoi--
ate, iB one Of tho most prominent spooulators in
Wall street. Although comparatively unknown
outside Of financial circles, he is central tiguro
short space Of three years ho has presented an
example OF peouniarY succoBs far exceeding the
expectations OF tho most sanguine Worahippors
Of Mammon. From ordinary circumstaucoa he
has risen to 20 the possossor Of fabulous wealth,
and to share with Jay Gould and Henry N.
Smith the reputation Of being tho most wealthy
among tho enti1o operators On the street, His
deods OF monetary daring have been numerous
and noteworthy, and have boon conducted on q
scalo Of creator magnitude than those Of tho
veterans on tue stock market, like Commodore
Vanderbilt and Unole Daniel Drew, ever dreamed
Mr.. stookwsel Is of humble psrontago, his
busiuoss IN Cleveland, g., where I s ths 1sre sreat
yea1a Of age. Hhe turning point in hs pe eareor i.
which had previously been quletand uneyentful,
y s95 Re Wsq acting g.
the veasols trips down tho river from Washing
ton, the late Eliaa Howe, OF Connecticut the dig
tinguished inventor Of tho sewing machine, was
a passenger, with his eldest daughter In his
company. Young Btookwol was yory attentive
and conadorate OF tho comfort OF Mr. and Miss
Howe, and extended moro than the customary
courtesios to them. Tho acquaintance which
WAS then formed between tho purser and the
Howea was renewed In tho following year In
Paris, where the father and daughter went for
their health. The future millionaire was quick
to Journey aftoI thotn to tho French capital, at
tor collooting al the money at hig command to
enable him to travel In atylo. On his arrival
there ho laid aiege to tho affections Of the young
lady, and WAS not long In obtaining her consent
to their marriage. Mr.. Howe'a sanction YVES &C.
They tarriod amid tho galetoa Of Paris for q
short tino aftorth nuptials, aud then roturnod
sabseauentIy, @ nlr. Howe'a second daughter
WAS introduced to Mr.. stockwell'a brother, Col.
Levi D. Stookwell, aud before many months
1863, and left all bis vast property to ha two
daughters. Soon aftor this event. Mr. Stock
we'll threw himaolf into tho aroma Of tho bulls
and beara.
At first he confined himselt to small lnvoat-
meuts, but gradually launched into heavier aud
moro colossal operations. Pacific Mail was bis
fnvorite stock and under amanipMationit 1t rapid
lyalyancod In valuo. llo purchased aharo nfter
share, and made 1t an active stock, Ills ambition
Ind led him to bocomo q Director In the Compa-
ny. Aftor getting himself elected Director, llo
asplrod to the Presidency Of tho corporation, to
which he also got himaoh clloson. oneo in the
keep himself tl,oro without being obliged to
carry the stock OF tue Company. A solution
was presented In the Panama Hallway.
Tile stock Of this road was Heling worry low,
and Mr. Htookwell seized On 1t as the iuatrumout