The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1884-03-07
ONCE A COMMODORE.
That Was When He Had Money-A Red
Headed Dog Now.

hedueu log NOW.
New YORK, March 5.-There was q
loud burst Of derisive laughter on the
Stock Exchange yesterday when the
Chairman, after rapping for order, read a
note from Mr.. Alden b. Stockwell, an
nouncing his suspension. His operations
have for a long time been so small and
his financial condition so precarious that
the brokers laughed outright that the
Chairman should have deemed it of sufli-
cient Importance to interrupt the business
OF the Board by making the announcement.
Yet there was time when Alden B. Stock.
well was great power in Wall street,
when his transactions were enormous,
and what he said, or wrote, or did was
deemed OF the first importance and was
fully reported to the newspapers. At his
Office yesterday it was said that he had
sold "short" on Lake Shore, and the price
having advanced he was unable to meet
the differences, which amounted to less
than $500 dollars. Mr.. Stockwell was a
Cleveland man. The first that was known
OF him was when he was clerk on Lake
Erie steamer. On one of his trips
he met the family of Mr.. Elias
Howe, the inventor of the sewing ma
chine, who were passengers. Suisse
quentiy he married Mr. Howe's daugh-
ter. At Mr. Howe's death Mr.. Stock
well succeeded to the control of his
father-in-law's business. His income
soon reached at least 100000 a year
and
HE ACQUIRED A FORTUNE
of S2,000,000. In 1865 he drifted into
Wall street, and soon became one of the
largest and most successful of opera
tors. He bought seat in the Exchange,
and his transactions were regarded as
most important. He interested himself
in Pacific Mail stock, and soon got con-
troll of the Company and made himself
President. He also obtained control of
the Panama Railroad, and was made
President About 1870 he manipu-
lated famous 'deap in Pacific
Mail, and ran up the price in a
short time from forty to l02. Following
this came break in the prices, which in
turn was followed by the loss of six
uNIhN 4hill az scd Ill tlSUt
morths. This break carried away the
bulk of Mr.. Stockwell's fortune. Aftel
that Mr.. Stockwell became interested il
the Atlantic & Pacific Railroad, but lost
his grip it is said by deal with Jay
Gould. Mr.. Stockwell was obliged to
yield up his interest in the Howe Sewing
Machine Company, and he has since been
yainly striving to retrieve his fortunes,
but it is said he has for some time had
but little besides his seat in the Ex-
change. Mr.. Stockwell was once the
owner of the yacht Dreadnaught and
an officer of the New York Yacht
Club. He parted with the yacht to Mr..
Charles Osborne. The ups and downs of
his remarkable career may be summed up
in a characteristic remark which he is re-
ported to have made to friend not long
ago. "When | came from Cleveland" he
said, 81 was called Mr. Stockwell. When
| began to operate largely in the street |
was called Captain When became
big man in the market the operators called
me Commodore and after | had lost my
fortune they speak of me as that red
headed dog from Cleveland" For some
time past he has had desk room in the
office of A. A. Drake, at No. 8 New street.
He has been of late only small trader
on the Exchange.