Daily Los Angeles herald., 1884-08-21
TINE PRINCES OF WALL STREET
Inheriting Large Fortune. She
Triples 1t by Speculation and
ParBimony.

Zone OF the most daring aud success.
full operators in the world" said n
prominent member OF tho Stock Es-
change TO World reporter ut the
Windsor Hotel last evening. IL tho
Princess Of Wales.
"What" calculated his hearer, "the
Princess OF Wales sreculator In
stocksG"
"Tho Princess of Wales speak of is
not the wife of tho royal heir OF the
throne of Great Britain. This title has
been given by common consent to u
daughter Of rich old whaler of New
BEDFORD who died number
of years ago, leaving her au
immense fortune. This wealth
she doubled several times by her won.
derful operations in stocks. l wonder
YOU have never heard Of her. You
have certainly heard of her husband,
who Is in every way much less remark
able person than she is. Until recently
he was prominent director, and some
time ago was, believe, for short period
President of one of the largest railroads
In the country. He is n noted speculator,
and his name is not at all descriptive Of
his sagacity and shrewdness. lie ia II
man of remarkable height. standing
nearly seven feet high. He is well
known both in the London and New
York stock markets, at the former by u
remarkable deal in Erie and ut the latter
for the part he took in advancing the
prices, several years, ago OF Louisville
and Nashville.
"When the father of the lady of whom
first spoke died, he left her VI, 900, 0N
This made her one OF the riehst women
in America. and as significant of the
source of her wealth she was called the
Princess Of Wales by those who knew
of her. She iuherited with her millions
a talent for the acquisition of money and
an overmastering passion to keep it. 0f
course she had many sutors, but among
them all there was nonewho could match
her fortune with his own. That was
what she was looking for, Failing in
this, she oontented herself with gentle
man who could produce evidence of be-
ing worth 100000. This he had made
in the Manila trade. He was of lib
eral disposition, and lived in a generous
manner. After his marriage, however,
his wife's stronger intellect changed his
| disposition, and made him also the
| victim of u mania for saving.
.'It is related of the early days OF
their courtship that in order to facilitate
his entrance into her house he gave
| liberal fee to the servant. Learning of
| it she nearly broke off all further inter.
course with him, as she could never
marry man who exhibited such ex-
travagance. When the marriage papers
were made out she had it stipulated that
all their joint living aud personal eS-
penses should be paid by him alone,
Notwithstanding that her fortune was
ten or twelve times as large af his. Fol-
lowing their marriage came grand Ca
reer OF accumulation. Not satisfied
with fortune of princely proportions,
they proposed by parsimony and specu-
lation to double and triple it. The
death of an aunt added II, 900, 900 to
the wife's treasure. She began immedi-
ately, however, to cut down what she
called her husbands extravagant ey.
penses.
"She compelled him to give up his
elegant bachelor apartments and hire the
most economical quarters. The birth OF
son gave more unselish aspect to
her passion for gain. 1t was not for her
self that she saved, but for her child
She made up her mind that he should be
one of the richest-if not the richest
man in America. While eoasting one
day he met with an accident which made
him u cripple for lif,. He also became
subject to violent fits.
IAN anecdote here will illustrate her
It..xy l-,ap apl
ing at Babylon, l.. L., when the lad was
attacked with convulsions. A doctor
was sent for, but before his arrival the
child had recovered, and the princess
waited at the window for the physician.
As he drew up she shouted to him:
Don't come in, doctor. he is all right
now.' Thus she saved doctors fee.
"Under her direction their combined
fortunes were so invested MS to save as
far as possible the payment of taxes.
Though both Americans they hired two
or three rooms in London and this they
announced as their residence, though
they pass most of their time in this
country. He is now about fifty-iive
years old and she about fifty. The lad
is about fifteen years of age. They have
rolled up their wealth until now ] have
no doubt that S35, 900, 900 Ely rep.
OF an annual income of about 50, 900,
000 l venture to say that their total
expenses do not average more than
s., 500 per year. Rather than pay for a
cab have known her to walk to par:
ty through a foot of snow with pair
of old stockings drawn over her shoes
"But they could not have created all
this wealth simply by saving"
mo; the larger part OF it is the result
of successful speculations. She is re.
markably shrewd in her investments In
stocks, and he is not far behind her in
talent of this kind. He may be remem.
bered as having made a million dollars
in few days in London by the rapid adj
vance in Erie following the expulsion oil
Gould from the management. He has
also made large sums by his deals in
Louisville and Nashville in this country.
A peculiarity of their speculations is that
they operate on separate accounts and
often without each others knowledge
She has made her stock investments
largely, it is said, through the banking
house of John j. Cisco 4 Co, Her opera
tions are large and daring, but almos'
uniformly successful. For long time
she made Reading a speciality ant
thought nothing of buying 20, 900 or 30,
900 shares at time. Even during the
recent depression in stocks they hay,
generally been right on the market ant
have added to their immense accumula
tions.
"She is undoubtedly the richest wo
man in the world except perhaps Queer
Victoria. Mrs. Coutts. Bartlett, rich a
she is, must rank second to the 'Pnn
cess of Wales. >"
"Are these facts which you are re
lating to me?"
"They are. No objection to tellin,
you the name of this worthy. l relat,
the facts because / think it a sham,
that these persons, natives of this land
should have cut themselves off from al
native tics and have so invested thei
fortune as to evade ali the responsible
ties of citizenship and the burdens Q
taxation. Let them be parsimonious
t they choose, but they should make som
contribution for the maintenance of th
Government and good order, which ar
: the best guarantee for the security @
4