The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-06-24

millions, and he founded the Drew Theo-
logical Seminary. But in 1873 the tide
turned. He made large Losses in North
western. 81 lost in the neighborhood OF
n million" testified the ancient mariner.
Then he went into Wabash and Canada
Southern. Here he sank another million.
About fifteen months ago he was very
short of Wabash, and they bought 1t
all in" This transaction cleaned him out
of si,200,0O0 more. Then he went into
Lake Shore. "f guess lost there" he in
genuously remark ed, 100000 or $500, Co.,"
Next came Canton, in which the unhappy
speculator sank perhaps $500 000." Yet
he was still above board and very live
man, hopeful yet of winning in the end.
We quote from the artless testimony Of
our discounted friend:
had ss,S,semett made out e near a. could from N
%Ss .ss! i'ys. ~, snow .$s' 10 Or u %S%qs ago
.fteT ;ecuTea 10 he sranas6drsn O.. |oney mat
So sOn Slnr sold me .scpr,,s. % sess Out o.
saye @ OF @ e two o.
SI ss n A utea 1s ~ eRsS a c wsaa s e s
aren secured ! put pp some canton. 80 that when
interest. secured them with some steamboat stock
thu Tue mpftkEe on tue mouse ana some Othef thlhh
put up."
This shows that Uncle DANIEL, though
he kept no books, appreciated the value of
trust. But II was Quicksilver that finish
ed him. al have never been on the Street
since" were his sad words. He says his
brokers "sold out when they had no bust
ness to; some OF them had margins" IL
this is so, those brokers should be held to
an account They should not have taken
advantage of an old man. Instead Of
helping their client, "they oil jumped In
and sold" No wonder Uncle DANIEL
thinks 10 the "Queerest business In the
world that they should have sold those
things" When they caused him loss =" in
gold of $4,000 or 10000" But our ancient
friend had been long time in Wall street,
and he must have known the ways of
brokers, who usually look out first for
their own interests. These particular
brokers we're ROBINSON Il CHASE, aud
Uncle DANIEL swears plumply that, al
amt never seen ROBINSON but once since.
He said the account was all right; I amt
never seen it." But he does not refuse to
face the music:
"The losses made In ls7s-that vas all right enough
took me sss ana pad The p or 10
Twas VI rth MILTON and more too oonT ibinS All
these brokers had marcfns ! don't ,hlnk Bow had
But We cannot longer follow the down.
ward track of Uncle DANIEL DREW. II
was precipitous descent, and he went
down II headlong. We prefer to consider
the philosophy of the ancient theological.
This Is contained In these words of wisdom |:
"Nr pnEv vas also eIamlDed as to his payments 20
d @ ar s6a sSSr' Of i've h KIT ssS M
IhM was tle .otsl Thug about NY msfortune-thAt
! have god some great don't know what | know 1
amt. tell you amt II seems like dream TO me-. "
We pause here TO offer few words Of
advice TO the young. III Uncle DANIEL
DREW had always done right when he
could have done it, he might now be rich
aud respected; but, though amply en-
dowed with the fortune which he had
| reared out of his savings as n cattle drover,
he would gamble in stocks, and tho eud
was ruin. Instead of giving the hard
cash or crisp greenbacks he could ut the
moment have easily spared. To tho Drew
Theological Seminary, he executed notes
for that Institutions beneat which he ex-
pected TO pay out of his stock gambling.
But he played the wrong cards, and his
notes went 10 protest. his house was sold,
aud he went into bankruptcy. II he had
done otherwise the result would have been
different. His Theological Seminary would
not now be an applicant for eleemosynary
aud from other Methodists.
But happily, in life there are many COM
pensations. The storms OF adversely may
develop the Drawn of endurance. Out of
the fires of persecution come the MARTYRS
OF the faith. We doubt not also that
Uncle DANIEL DREW will now be more
thrilling and tervent exhorter than in
the days when he counted his riches by
millions.