The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1882-12-28

WITH Tie ess5sns sEsessson VI ssisfina
srcsa ba.isxst. bsi shsrs 10 GO rai~meH
fos sseL nstars ~ i~ionsed 10 Mr. Psri
lie huiit him Ace rvssasec~ o. N.sfl
iseBsihstoa. ssd established the PIN, Ma
saetsl Back u that risos He also pur
chased he Bssainston A RGtissd railroad
Ihss ,'arehsss brought hin iato qassrr
siih Dan Hobinson 81 The Troy a Bossot
rosl. add The latter refused 10 connecl
eth Paris road 90 any reasonable terms
The result ~S the construction of tbs
Ielsnoe Springs road. ~hich n~srly
proved Disastrous 20 Mr. Psrk A. veil .,
10 The ,osns which assisted 10 it, con,
sifucl4on
10 npsir bis ialiea fortunes be once
,aore engaged 10 aisiag sseenlsiions. III
purchased ibs famous Emma nis. Of III.
tab. worked u rsoagh 10 .bo. large de
pcsli u very valuable ore. aud sold i, out
10 EasIish capitalists ., very large ID.
vanoe. Soon after the mine failed 10 pay
and Mr.. PARK was sued by the English
stockholders for swindlinT The affair
caused great deal of scandal ct the time.
but PARK got the better Of bis antagonists
IA the suits, aud Afterwards TO make mat.
,ers mofr satisfactory 10 them bought the
mine hack again and is said 10 have hid
great ,tslIL ~ IL. ,alar M 70 the time u his
death,
He also leeame a large owner in Pacific
Mail and held controlling interest 10 the
pansma railroad. From these be made =
large amount OF money. He VAS also In
ieres,ei Ia aud one Of the chief promoters
Of tho company Which 10 building tunnel
under the Hudson from New York city 10
Jersey City. lie also ut different times
, ealt largely in stocks 10 Wall Street. aud
Was generally successful The es,imstion
III which be was held in New York is told
rs follows 10y Hermit" the we'll posted
correspondent If the Troy Tones;
''The death Of Trenor w. Park removes
one VI the boldest OF modern operators
and its effect il shown in the decline Ia
Erie IL will also affect Panama. Of which
lac Was President As one Of the California
millionaires. Park took equal rank with
ID. .. Mills, both having got rich by min.
ing operations Mills. however. made
this city his sole residence. while Park
preferred to build IN his old home The
death OF this remarkable man recalls other
magnatcs Of Pacific Mail, including Allen
Is stockwell, Leonard Jerome and George
Law The two former found this stock .
place OF ruin. while Park and Law made ii
highly profitable. The last. mentioaed
pair were also very successful in their OPP
eraiions 10 Panama railroad stock. Jerome
lost all he had by his bull movement IN
Pacific Mail, and this difference IN luck
suggests the inquiry. What is the secret OF
success when such different results are
reached? The reply may be found in the
fact that Park had great powers OF calcu.
lation and worked out q long and profound
scheme, while Jerome WAS always super
fcial aud owed his success to the Imitation
which accompanied the war. Having
made fortune by al few bold strokes he
imagined himself . genius He was. how.
ever. at this very time lured into an oper-
alton which proved his ruin Pacific
Mail which be bought at 200 with the ex-
pectaiion that it would reach $50, declined
to 10, anl all who followed him in this
were ruined. Park ON the 9th.
er hand, made this very stock source OF
profit He was less known here than any
other great operator, and few who saw that
small form with bowed head making its
way through the masses of Wall street
recognized the magnate OF Panama and Pa
cifc mail He was the most important
Wall street man removed by death since
Commodore Vanderbilt. and leaves ! gap
not easily filed.
His fortune is variously estimated from
eight TO fifteen millions, and the business
Of settling it will 10 doubt be mainly en-.
trusted TO his son.in.law. J. g. McCul-
Tough, who has latterly been intimately
associated with him in bis business. and
who has the necessary business qualifca-
tioIs to conduct il successfully.
In his nature Mr. Park was generous
and sympathetic which made him host
OF warm friends who never had cause TO
desert him. while his large and aggressive
business ventures made him also many
bitter enemies. He was bad man to
fight, though always generous when his
enemies laid down their weapona and were
willing 10 listen to reason.
In his public charities he was generous
without being ostentatious In connec-
ton with the late Seth B. Hunt he gave
many years ago to the town Of Bennington
Free Library Hall, which contained = val.
liable library and hall for Lectures with M
income sufficient to keep the library well
stocked With books. He also gave to Yer
mont University a generous donation for .
gallery OF art Since the death OF his first
wife, aud ip honor OF her memory he, bad
purchased tue large residence aud exten.
si,e grounds Of the late Seth b. Hunt at
Bennington. which are TO be converted in
TO an asylum for destitute women aud
OF the state.
lie leaves wife to whom he was mar
ried few months ago. two married
and one son not yet OF age Be
aides these be leaves many relatives and
friends who have special reasons to re
member him with gratitude.
OBITUARY.