Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1884-05-22
jim KEENE'S KERFLUMUX.
FAILED FOR THE THRILLING SUM
OF A MILLION OR TWO.
Excitement Caused by the Grant g. Ward
Failure. Reported that they will Pay
q Hundred Cents on the Dollar.
Special Correspondence of the Sentinel.

Special Correspondence of the Sentinel.
New YORK, May 16-James r.
Keene has failed for million or two
and he will be sent to the rear and for
gotten in few days by the fellow
gamblers who beat him at his own
game. A failure in any legitimate
business is always more or less public
calamity, but the Keene failure is sim
ply one gambler plundered to naked
ness by more successful gamblers, and
the legitimate channels of industry,
trade and commerce are not in any
degree affected by it.
Mr.. Keene acquired fortune of
several millions by lucky ventures on
the Pacific coast, and he made the
common mistake of supposing that
| three or five millions could beat fifty
or a hundred millions. He came to
New York in state in palace car,
and Gould's reputed prophecy that
Keene would be sent back in a freight
car, now promises to be fulfilled.
Keene had conquered in California ;
he staked all to conquer Wall Street,
and he has lost That is the whole
story.
The excitement caused by the fail
ures of the Marine Bank and the firm
of Grant & Ward, subsidized yesterday
and the street breathed easier Men
who went home the day before per-
turbed and fearful came down town
with lighter hearts and with more con
fidence. As the day progressed and
no other banks or firms suspended
and as it became known that the fail
ure of the bank was not so disastrous
as at first reported, buoyant feeling
prevailed. On all sides it was said
that there was no cause for alarm
The announcement by Clubbing House
Manager Camp that other New York
banks were not affected by the failure
and were in sound condition, the fire
quently repeated assertions of the di
rectors that the Marine Bank would
pay 100 cents on the dollar, the return
of Mr.. Ward to the city and the fac
that the failure of Grant & Ward wa!
not due 80 much to the financial con
dition of the company as to peculiar
and extravagant methods of doing
business all tended to allay the ex
citement.
The irony of fate can receive NJ
sadder illustration than the sight of ;
sister-in-law of John G. Calhoun, the
great statesman, and a cousin of th'
rich Van Reneselaers, wanderin!
homeless and penniless, through th
streets of New York. The policeman
who on recent afternoon saw an ol,
and feeble lady, whose face was wal
with hunger, and clothes were we
with the pouring rain, totterin
along Greenwich Street, did not sus
, pect that she was so closely related t
| the distinguished South Carolinian an
: to the family Of the old Albany p:
troon.
He watched her until she fell e2
hausted to the pavement, when h
:. fastened to her assistance. When h
5 asked her where she lived she bur-
> into tears and answered that she di
:, not know Several times she shoe
her head, the hair Of which was pc
J. fectly white, as she tried in vain to L
call her last place of residence. FL
policeman, suspecting that her mir
was affected, took her to the Twent
, seventh Precinct Station. At mig
"a she was taken to Police Hcadquarte
r. and remained there all day ycsterd;
" in the charge of Matron Webb.
: TARHEEL.