Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1883-12-26
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: ''D0 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. Woer-
ishoffeT and Willard are about the only
men who have had anything to do with
them who are not losers. WerishOffer
has made half q million bearing
them. Our firm has lost big
money. We have > customer on our
books who bought 1000 shares at 9O3.
He has it yet. His loss is a quarter OF
a million. His home is mortgaged and
his house must &C. l dare not tell you
bis name, for ruin is staring him IL the
face and publicity would precipitate it.
He still believes IN Mr.. 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
$15, 900, 600 In the Willard schemes. 1t
is currently reported that Frederick
Billings, NJ. Endicott and George Pull
man have lost between 81, 900, 900 and
$1,000 600 apiece. Every one of them
can stand it and hardly feel it. 1t is
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 100000, but if he has
it will not trouble him. Horace
White is said to have dropped quarter
of million and j. O. 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 ont entirely. He lost SO, COO.
You hear of them all over the country.
Only last week ID. NJ. & E. g. Halbert,
the big dry goods men of Binghampton,
failed because they had dropped 5000, 900
mo. T."
private dispatch from a London
fnancier says that the origin Of Mr..
Wizards wealth consisted of some
5000, 900 which the brother of Sir Viii
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 a lawsuit was In
stituted against him. 1t was only re-
Gently that the suit was settled.
New YORK, December 21.-A Wall
Street broker, who says he speaks from
personal experience, gives the following
amounts lost II Willard stocks during
the last two months: SCI will not say, y
said the broker, IS that these amounts
are exactly correct, but they are pretty
nearly so: ID. O. Mills, $500, 900; Drex-
Ell, Morgan & Co., between $500. 900 and
$500, 900; Horace Porter, $500, 600;
9. E. Higginson &c Co., $450, 900; Win
slow. Lanier & Co.. between $500, 900
and $500, 900; ex-President Billings,
$500 600; Decker, Howell & Co., $500,
600; Samuel Boocock, $500, 900; Work,
Strong & Co., $3.50, 600. Against these
figures are the amounts which went over
to the other side of the market-namely,
to the bears: Woerishofer & Co. $780,.
600; Henry CIews & Co., $500. 900
Hamburger & Co., 100000; Will
lam r. Travers, $500, 000." "There
are other people," continued the
DIOh61s LIZ sell 1uC1IIu0us WHO SoOh
our little shares out of the Willard rail
road. cannot now distinctly recall
them. There are probably hundred
other people who have lost fortunes in
Mr.. Wizards stocks whose stories vii
never be heard. You can call then
lambs if you like. They are the PEG
pie who confded their fortunes to the
brokers to be invested in Wall Stree
securities"