The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-08-16
THE PRINCESS OF WALL STREET.

THE PRINCESS OF WALL STREET.
Inheriting Large Fortune, She Triples 1t by
Speculation and Parsimony.
New York World.
Zone of the most daring and successful specu-
lators in the world, said a prominent member
of the Stock Exchange to World reporter at
the Windsor Hotel last evening, is the Princess
of Wales"
'eWhat!n calculated the nearer, ''the Princess
of Wales Spectator in stocksl"
THE Princess of Wales speak of is not the
wife of the royal heir of the throne OF Great
Britain. This title has been given by common
consent to daughter of rich old whaler of
New Bedford, who died number of years ago,
leaving her an immense fortune. This wealth
she has doubled several times by her wonderful
operations in stocks. wonder YOU have never
heard of her You have certainly heard of her
husband, who is in every way a much less re-
markable person than she is Until recently he
was prominent director, and some time ago
was. believe, for a short period pres
ident of one of the largest railroads in
this country He is noted speculator, and his
name is not at all descriptive of his sagacity
and shrewdness. He is 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 remarkable deal IN
Erie and at the latter for the part he took in adj
vancing the prices, several years ago, of Louis
vile and Nashville.
when the father of the lady of whom first
spoke died, he left her So 000, 600 This made
her one of the richest women in America, and
as significant of the source of her wealth she
was called the Princess of Wales by those who
knew her. She inherited with her millions
talent for the ACQUISITION of money and an over
mastering passion to keep it. Of course, she
had many suitors, but among them all there was
none who could match her fortune with his own
That was what she was looking for Failing in
this she contented herself with gentleman who
IF ao;y,
This he had made in the Manila trade. He was
of liberal disposition, and lived in generous
manner. After his marriage, however, his
wlfes stronger intellect changed his disposition,
and made him also the victim of mania for
saving.
1T is related of the early days of their court
ship that in order to facilitate his entrance into
her house he gave a liberal fee to the servant.
Learning of it she nearly broke off all further
| intercourse with him. as she could never marry
a man who exhibited such extravaganza. When
the marriage papers were made out she had it
stipulated that all their joint living and personal
expenses should be paid by him alone, notwith-
standing that her fortune was ten or twelve
| times as large as his Following their marriage
| came grand career of accumulation. Not sat
isied with fortune of princely proportions,
they proposed by parsimony and speculation to
double and triple it The death of an aunt added
| 81, 000, 600 to the wifeS treasure. She be-
| gan Immediately, however, to cut down what
she called her husbands extravagant expenses.
She compelled him to give up his elegant
| bachelor apartments and hire the most economi-
| cal quarters The birth of son gave more
unselfsh aspect to her passion for gain. 1t was
not now for herself that she saved but for her
child. She made up her mind that he should be
! one of the richeSt-if not the richest-men in
| America. While coasting one day, however, he
met with an accident which has made him
cripple for life He also became subject to VIC
lent fits
IAN anecdote here will illustrate her extreme
/ boaR nj Rahy Ion
| 1. l., when the lad was attacked with convul-
sions. A doctor was sent for but before his
arrival, the child had recovered, and the
Princess waited at the window for the physi-
| clan. 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 as to save, 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 thirty five 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 $35, 000, 900 scarcely
represents its extent Though possessed of an
annual income of about Sc, 100000, venture to
say that their total expenses do not average
more than 81 500 per year Rather than pay for
a cab have known her TO walk to party
through foot of snow with pair of old stock
ings drawn over her shoes +"
but bney cOulu not nave created all this
wealth simply by saving
No; the larger part Of it is the result of sue
cessful speculations She is remarkably shrewd
in her investments in stocks, and he is not far
behind her in talent of this kind He may be
remembered as having made a million dollars in
a few days in London by the rapid advance in
Erie following the expulsion of Gould from the
management He has also made large sums by
his deals in Louisville & Nashville in this coun-
try. A popularity of their speculations is that
they operate on seperate 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 & Co. Her
operations are large and daring, but almost uni
formly successful For long time she made
Reading speciality, and thought nothing of
buying 10000 or 10000 shares at time. Even
during the recent depression in stocks thew have
generally been right on the market and have
added to their immense Accommodations.
''She is undoubtedly the richest woman in the
world, except, perhaps, Queen Victoria. Mrs
Coutts- Bartlett, rich she is, must rank second
to the Princess of Wales
me9o
They are. No objection to telling you the
name of this worthy. / relate the facts because
think 1t shame that these persons, natives Of
this land, should have cut themselves off from
all native ties and have invested their fortune
as to evade all the responsibilities of citizenship
and the burdens Of taxation. Let them be par
simonious if they choose, but they should make
some contribution for the maintenance of the
government and good order, which are the best
guarantee for the security Of their vast wealth.
A WUys.r, II G.. -