The Wellington enterprise. [volume] (Wellington, Ohio) 1867-188?, 1884-01-16
MILLIoNs LOST AND WON.
What Brokers Say of the Operations In
Willard Stocks-Some of the Sums
Claimed to Have Been Lost and Gained.

obOChb-COmb VI tnO bunub
Claimed to Have Been Lost and Gained.
IN. Y. world.l
The excitement raised in Wall street by
the retirement of Henry Willard from the
Presidency of the Northern Pacific Rail-
road is slowly abating, and the bulls and
bears who dabbled in that stock are count
ing their losses or gains. 1t is safe to say,
however, that there are some few offices
near the "market" where the stories Of
Wizards stocks and Wizards retirement
will be the principal theme of converse
tion for weeks to come.
The amount of money lost by the depres-
sion in Northern Pacific stock can be no
more figured than the amount gained. One
thing is certain-that every broker who
was bull on Wizards stocks is out Of
money, and that every bear has made a
sum quite sufficient to keep family at the
seaside for several summers.
"How much money was lost during this
struggle" asked a World reporter Of o
prominent broker.
THAT'S very difficult question to an
swer," he replied. ~ know one thing,
however--that any man who lost money
in the street on Northern Pacific lost heav-
ily."
"How much do you suppose Mr.. d. o.
Mills lost in Mr.. Wizards stocksW was the
next question asked.
81 think Mr.. Mills lost about $500, ,OO0."
"How much did Horace Porter losep
"Between 100000 and $500, 900 think"
"And who made all this moneyp
swell, "replied the broker, meditatively,
az guess you can credit Uncle Bill Tray
ers with an even 100000, and now II a man
can not be funny and crack jokes on an
evening at the club, after clearing $50O, 900,
l should like to know it. Mr.. Henry Clews
is wonderful man. You must remember
that short time ago he went overheard on
Southern securities, and was bankru pit
He is worth probably 5000, 900 to-day. one
fifth Of which he made since he began to
bear the Willard stocks"
"How much money did Mr.. Frank Work
losep was asked, and the answer given
was that Mr.. Work had lost enough money
to buy Jay-Eye-See two or three times
over. .-..
Another broker, who said that he spoke
from personal experience, said that the
following amounts had been lost in Willard
stocks during the past two months. 81
will not say" said the broker, "that these
amounts are exactly correct, but they are
pretty nearly so:"
ID. o. Mills $500 900
Drexel Morgan & Co. between $4,000 -.
and Observation-Disclosures. 100000
Horace Porter. .......................... 100000
Chase, Higginson & Co................. $4,000
and, 100000
vice-President Billings. gs................ 10000
Decker. Howell Co.................... 10000
Samuel BoOcock. k......................... 100000
Work, Strong & Co....,.................2 $4,000
Against these figures are the amounts
which went over to the other side Of the
market, namely, to the bears.
Woerishoffer & Co......................S 800 900
Henry Cews & Co.......................9 100000
Hamburger * CO....... ................ 6OO,OOO
William X. Travers. ers.....................4 100000
"There are other people," continued the
broker, "myself included, who took our
little shares out Of the Willard railroad.
can not now distinctly recall them. There
are probably hundred other people who
have lost fortunes in Mr.. Wizards stocks
whose stories will never be told. Yes, you
can call them lambs II you like. They
are the people who confded their fortunes
to the brokers to be invested in Wall street
securities"
"How long will 1t be before these diff.
ferent gentlemen will recuporate their
lossesp
I" That can not tell, nor any one else.
They may make the money to-moro W, and
they may drop just as much more; but IL
is very seldom that shrewd operator loses
successfully"