The Wellington enterprise. [volume] (Wellington, Ohio) 1867-188?, 1884-02-27
W0ERISHOEFFER & co.
A REMARKABLE STOCK MANlPuLAToR.
The sudden Rise of German Banker
How He Came to Raid the Willard
Stocks. and the Fortune lie
HHs Made Thereby.


lard stocks, broker, formerly well known
on the street, loomed suddenly into promi-
nence as an extensive and daring trader,
! and forged ahead as the nervy and skill.
full leader of the downward movement
that squeezed number of powerful bulls.
This was Charles Woerishoeffer, head of
the firm of Woerishoetfer e. Co., of Ex.
change place. The names of gilt.edged
tings who engineer gambling revolutions
on Wall street are reasonably well known
to the public, but the natural question
comes now "Who is this man Woeris.
hoeffer that is matching swords with old
knishts in the cS-Board tourneyp
His carer despite the interesting
glamour which always surrounds phenom.
enal success, has been full Of fiat gener-
aliJies; no thrilling episode of any kind,
no dime-novel romance. But it does con-
clusively prove the wisdom, so far as this
world goes, Of sticking TO first instincts.
and working natural gift for all there is
in it. Charles Woerishoeffer, u German
of good family, landed in this country In
1864, when he had just turned his major
Main, the home of Germany's money
Kings for centuries, and possibly imbibed
n financial instinct from the Frankfort air.
lis first steps were directed toward the
money street, and he obtained employ
ment with the well.known house of Won
HuiIman 81 Co.,where his natural aptitude
Tor speculation soon became clear.
a tpp gpVyinrr "a n IL. 4.
worI, he became associated with the firm
OF p yer & Co., brokers and dealers in
foreign securities and exchange. In the
course Of few years his elders began to
consult and respect his Judgment on turns
III the market, and tho large German
brokers, wi,lding heavy capital, iutlus ed
him with their brokerage. For me time
b. confined himself strictly to the lepiii.
mate business Of commissions, in which lre
earned an cnviable reputation for his
ncutcness and honorable promptness in
maSlny returns. At leng h., feeling his
own rcnstb, and fully confident Of bust.
ness from his German constituency, he
iranched on for lin self, and or tie past
q Eho years he las been known as trader
This arrangement il liable to confuse the
street a tn a mans personal dealings, for
the reason liza. hs ge the credit of deals
which nri merely handled on commits yion.
Iii very Ie uarliable aud successful intui.
lions ab0ut the market brought him rush
OF business, ana he stands to-day in DO
sition to command the entire German
~ Of ha 4.
move, 1t therefore means far more than the
pc sonal deals or the personal capital of
Wourishorirer az Co. Sometimes on the
bull side, again on the bear, always
sbrewd, generally successful. His latest
dash has been on the bear sid, in Pncific,,
where he cleared fortune in few weeks.
lie was IL peculiar circumstances to ac.
qu re the facts on which Ia work and
tral le; TO- ns'ancs, no was trustee in
the Oregon Tanscontinental Company,
which naturally gave him full insight
in,o the affairs also of the Oregon Con-
strucion Company and the Northern Pa.
c,Hc. His information was utilized When
tie crash came. Sim llrly he was ti1ls.
ter in the North River Construction Com.
pnny, and tnis was so close y identiil ii
with the West Shore aud Ontario and
Western, that his knowledge,of this tripli.
cate concern enabled him to trade adyan.
ia eously on the board.
Wha. sort Of man Is hey Wnat are his
personal trnitsy Well, B. look at Woeris.
horfe' would probably take him for
sold aud saiis1 d German merchant, with.
NH a. .ul Of 4
medium hei ,ht and size, quiet eyes, re.
served and uFlble demcanor, remarkn.
l. Y oven temperament for one carrying he
teta Is Of Intricate problems in his head.
There Is 0bsolu ,ly ncthing Gbont his ex.
terof II we except perhaps Il peculiar
siircwi curl Of the mouth, to indicate un.
usual financial instincts.
But he Is genius in telling you every.
thing YOU don't want TO know, and nothing
that You do. Always polite and gracious,
full oi goo humor, courteous and unru
fl'd, he will laugh and joke, slap you on
ti" lpcG with German heartiness, agree Co
everything you say, but when you try to
bore into him tor news ne will blandly say
In li' bandest brogue: "You 20 to Cam.
mack; be un lcrstands these things better
MS do" Cdmmack, by the way, Is the
shrrwd broker from New Orleans who tig.
ures with WoeriShpeffer In his deals.
Every evening about eight o'clock you can
see the German speculator suunt n quietly
intnihe Brunswick aud hold a protracted
cmifab with Cammack. Personally MIR.
Woe is 'oelfer has entirely Withdrawn him.
sci from the Stock Board, his appearance
there being by deputy, Mr.. Summerhaus, a
junior member OF the firm.
In his social and business relations
Woerishoeifer is extremely popular, chief
ly among his clerks, who often experience
Liz kindness. Often, when one OF them
looks played out with hard work, he will
quietly receive good.sized check and an
accompanying order to take a trip and
build up. In case OF any trouble or family
afiliction the same sort of considerable helm
is extended unasked. This makes the bows
swear by him. .rtli
In his domestic relations Mr.. Woer.
ishcefferismost happily fixed. A few years
ago he married daughter Of Oswald OF.
tendorfer, the Stats Zeitung proprietor,
and they have one child, daughter. His
home on Thirty.ninth street, near Fifth
avenue, is the abode Of contentment, hos.
pitality and the choice luxuries of wealth.
His actual wealth II Is hard TO compute.
He is not a Vanderbilt, or a Gould, or a
klaar Is.N H.. Il. Al