Turner County herald. (Hurley, Dakota [S.D.]) 1883-19??, 1883-12-27
LOSERS THROUGH WILLARD.
Willard and Werishoffer the Only Ones
Who are Not Losers.

New YORK, December 20. "A promi-
nent Wall Street operator, speaking OF
Mr.. Willard and the Oregon Transconti.
mental deal, said: .tDo you want to
know who the losers were? Find out
who have touched the stocks and you
will have the answer. Their name is
legion, as somebody remarked. Wer-
ishoffel and Willard are about the only
men who have had anything to do with
them who are not losers. Wnrishoffer
has made half million bearing
them. Our firm has lost big
money. We have customer on our
books who bought 1000 shares at 9Oa.
He has it yet. His loss is a quarter OF
a million. His home is moltgaged and
his house must go. l dare not tell you
his name, for ruin is staring him in the
face and publicity would precipitate it.
He still believes in MIR. Willard and his
promises, and has refused to act on our
advice. Massachusetts is especially full
of victims. Many retired manufacturer
in the little cities has had the larger part
OF his income swept away, and finds
himself in his old age a poor
man. The Boston capitalists have sunk
$l5, 100000 in the Willard schemes. 1t
is currently reported that Frederick
Billings, M. Endicott and George Pull
man have lost between Sl,O0O,0OO and
$4,000, 900 apiece. Every one of them
can stand it and hardly feel it. It is a
small part of their fortune. Mr.. Endi.
colt made nearly all he lost out of the
Railway and Navigation Company when
it was organized. Gen. Porter is report
ed to have lost $500,O00, but if he has
it will not trouble him. Horace
White is said to have dropped quarter
of a million and J. G.. Mills a good deal.
It's too bad. know for fact that Mr..
Wizards own clerks and secretaries lost
heavily on his points. One of them was
cleaned out entirely. He lost SIS, 600.
You hear OF them all over the country.
Only last week D. NJ. & e. G. Halbert,
the big dry goods men Of Binghampton,
failed because they lad dropped 5000, 900
in O. T."
A private dispatch from London
tinancier says that the origin of Mr..
Wizards wealth consisted of some
5000, 900 which the brother of Sir Will
fried Lawson intrusted to him for invest
ment in solid American securities. Mr..
Willard upon becoming the agent for
the sale of Wisconsin Central securities,
is said to have put the money in them
at about par, and when they subsequent
ly went down to nothing the whole
money was lost and lawsuit was in
stituted against him. It was only re-
Gently that the suit was settled.
New YORK, December PA Wall
Street broker, who says he speaks from
personal experience, gives the following
amounts lost in Willard stocks during
the last two months: "I will not say, "
said the broker, that these amounts
are exactly correct, but they are pretty
nearly SO: u. o. Mills, $500, 900; Drex.
el, Morgan 4 Co., between $500, 900 and
$500, 900; Horace Porter, s4OO, 900;
9. E. Higginson & Co., $3.50, GOO; Win
slow, Lanier & Co.. between $3OO,OO
and S400, 1000; ex-President Billings,
$500 600; Decker, Howell &; Co., $780,
900; Samuel Boocock, 100000; Work,
Strong & Co., $3.50, 900. Against these
figures are the amounts which went over
to the other side of the market-namely,
to the bears: Woerishoffer & Co., $s4O6,
600; Henry Clews & Co., 5000, 900;
Hamburger & Co., $50l,OOO; Will
lam r. Travers, $400, ,000." "There
are other people," continued the
broker, "myself included, who took
our little shares out of the Willard rail-
road. I cannot now distinctly recall
,hem. There are probably hundred
other people who have lost fortunes in
Mr.. Wizards stocks whose stories will
never be heard. You can call them
lambs if you like. They are the peo
pie who confded their fortunes to the
brokers to be invested in Wall Street
securities"