The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-11-25
RANGER, TILE RULER
For Many Years, But NON Wrecked
ana Ruined.
King COhOn's Prime Mlnlstcr-A Con
denSed Biography.
Some of His Deeds Of Daring.

LfefpOOl uuunce, the huge operator, the
gigantic Spectator, the dealer in futures -
the man who thought as little Of millions
as another one might of pence, has come to
ihe ground AZ last and brought great
many OF his friends with him. Until The
last few weeks his brilliant career has
been one long series OF triumphs speCu-
lntors, brokels, merchants stood in awe OF
him and his lougheaded calculations. His
success provoked many imitatOrs and his
operations were the envy OF the
tlmld. This financial giant, who tow-
cred far above his brethren OF the Liverpool
Hays" isa German Jew, a fact on which
our anti-Semites will no doubt have much
to say. He Is native OF Hesse Cassel, ard
IN personal appearance ia said to be the liy.
ing counterpart OF Napoleon III. In the
small, piercing eye, the imperial mustGche,
the clear complexion, the air Oihalt mys-
terry, half frankness-.in fact In the tOut
ensemble-tno resemblance is striking 10
degree, lIe has wel-knii, broadcast,
substantial figure and has certain bear.
ing and gravity in feature and form that
bespeak importance" Unfortunately. like
the emperor Of whom he is said 10 be the
counterpart, he has met Bis Sedan. His
career has been too cYentful; one day he
had been up, another down; be has made
fortunes and lost them; and who knows
but one day his three.quarters Of a
million OF debts being wiped OH the
slate, ana the Christening process over
hs may commence operations again. corner
markets and buy futures with rs much
zeal and temerity a. even la spite OF his
huge lo5ses-an0 bis losses have already
brought about many others-he Is sur.
rounded ny sympathetic friends
Some.hltcen years ago according 10 one
account, Nit Ranger settled m Liverpool.
When young he served iu ihe house OF Fat.
man & Co. the New York cotton .uer-
chants. he rapidly distinguished himself
aud ultimately began business on his own
| account, IN association with his former en-
p'uyers. Eventually rs came TO
! Liverpool ~ the representative OF
| tatmau G Co. aud br0ught
with him letters Of credit TO Messrs. j. II.
Schroeder 6 Co, general merchants and
hlukers, OF Liverpool. He took an office
on their premises, and under their auspices
obtained good iulT8duCtions 70 the trade IN
Liverpool and iu Manchester, In few
years time ho had received very fair
share OF the cotton business Of these cen
tCrs supplying spiuners, merchants or bro
k'rs. lie then pissed INTO the business of
dealing To futures, and soon devplOped
INTO large and bold Spectator. 10 was IL
1879 that he first became known rs q "COr
ucrar,h and 70 curious and but little known
history OF tho5e transactions ~ told by
correspondent Of the Manchester Examiner
$50 FAR as is known 10 arose accidentally
ont vt some other operations in which
Mr.. Ranger was engaged. During Tn,
summer Ot 1879, so runs the story, h,
sold large quantities Of cotton for Russii
and North Europe for November delivery
and be consequently bought simila
a ! nnlnnufa pf pnttnn for nNfnhar HaIiyar- a.,
the rival market In Liverpool o.
making an examination of his books he wa
struck with the fact that the arrival marke
had engaged to deliver him more cotton il
October than II was at all probable coult
be IN Liverpool in that month. A nor
careful examination confirming this posi-
ticn, Mr.. Ranger entered upon iurther pur
: chase, so asto make the corner certainty
aud tighten the squeeze which he saw
would ensue. Much of the cottoi
was probably sold by merchant
who had greater faith In the sail
lug qualities OF their vessels than had Mr.
Ranger. That gentlemnns anticipation
we're realized A number Of vessels wer
wInd'bouud and after every bsle OF co,toi
available had been delivered there wAg still
great deficiency, and merchant, ha,
nothing to do Tor II out TO buv in Outobe
delivery IN order TO fulfil their engage
ments and TO pay the corner price. Mucl
OF the cotton had been sold by bears an,
they also, OF course, as well as the mcr
, chants concerned had to buy back iron
Mr. Ranger ON his own termsn
The next notable corner occurred II
, ISL, IL was a success for the spectators
though prices did not ret up 10 the san,
level as In 1879 This was Mr. Ranger
greatest success, and he netied some f2lO
600 by the Transaction, though he Is sal
to have lost half OF IL IN clearing himself q
/, the vast quantities OF cotton he held. Il
I lNS2 his operations were on smaller scale
The story Of this years IT .nsactions tell
ola succession OF Dad luck. The basis d
his calculations YVES that there would be
, decline Ia prices. In Mpy, June and Jul
r lac sold largely, intending to buy In at
. profit. Instead, however, ofprices fallinl
, tho market rose, the couoa crop prove
4 smaller than Mir, Ranger had allowed fol
. and the consumption Of cotton by the mil
/, was greater. II is said that his losses /
. September were $4,000 or coo 900, and 4
October also coo was placed at his di
Q posal to meet his engagements. Nj
4 Rangers liabilities are estimated at II
0S0O00 his assets at t350,O00. -FPall Ma
Gazette.