The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-16
Yer the Reason that the Dead Speculatos
Frequently INDUCED in Gambling Of
Kind Not Recognized by the Exchange
Amicable Settlement of a Question
Fraught with Momentous Results.
An Anarchist Who Practices the Doctrine lie
Preaches-Abandonment Of the Play Writ
ten by Mark Twain and w. D. Howells.
wALL-sTREET MORALS.

why Deacon White Refused Unqualified In
dorsement of Woerishoffer.
Special to the Indianapolis Journal.
New YORK, May 15.-The resolutions passed
by the Stock. Exchange about the death of
Charles F. Werishoffer, the great Spectator,
were not formulated without controversial diff
Guilty. On the committee appointed to draft
them were Addison Cammack. the companion of
the dead operator both socially and in stock
deals. Cammack is famous character in all
etreet. Until lately he was a bachelor and re-
puted woman hater; but to the sudden surprise
Of his acquaintance he married Miss Hildreth a
Washington belle, and settled down to quiet do
mestic luxury. But he retained a fond regard
for W@rishoffer, and in committee wished to
make the resolutions say that he was ''admira
bic in all the relations and interests of his lfe
Another member of the committee was Deacon
8 v. White, of Plymouth Church, and he oh
jected to such unqualified Endorsement of char
beon a notorious gambler.
30, you're another" exclaimed Cammack
''Not outside of Wall street, was the Deacon
reply.
Then discussion was prolonged as to the rel
alive right and wrong of specializing in stocks
and wagering of money In games of chance. II
was limited that the dead man had butted against
White so damaginely in Lackawanna deals that
resentment remained in the breast Of the good
Deacon. who asserted, in retort, that nobody had
more respect for the business ability and probity
of the man. AS to Warishoffer's gambling hab-
its, there had never been any secrecy. He Wis
tied gaming table nearly every night for years
before his death. In the notorious Pennsylvania
Club, at Long Branch, he was, last summer. the
most observed player His fayorite game was
roulette. in spite OF the steady and heavy per-
centage of advantage to the banker. He used to
play peculiarly. He never bought chips, but
put down bank notes on the numbers. Some
times he would lay down as much as a thousand
dollars, but that was exceptional, as the
usual sum was a hundred. Phil DAILY,
the keeper of the place, ordered
his dealers to let W9rshoffer play as heavily as
he wished. AS guess of the right number out
of thirty six won thirty-four times the amount
of the wager, the bank occasionally stood to lose
q considerable fortune by single turn of the
wheel But the broker made no such strike and
il was thought that his seasons losses at the
Pennsylvania Club amounted to at least $780,
OO0 In town he played as ihvsterately. Such
induleences were held by White and other COM
mitteemen to be essentially different from Wall
street specializing, and the Cammack clause was
not inserted in the resolutions which were as
follows:
in the death of Charles F. Woerishoffer this
Exchange has lost one who was preeminently
distinguished for energy. enterprise and compre-
hensive judgment in finance. AS broker, his
fidelity to his trustee was absolutely without
blemish; as principal. he was conspicuous for
iberalty to those whom he employed; as a citi-
gen. he was public spirited and kindly; as a
friend, he WAS large-hearted and generous, and
as an opponent he was magnanimous and for
giving