Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1886-08-06

CuAs. d YATES EMINENT CAREER.
A late issue Of the Boston Globe has A
two-column New. York letter which Processes
10 give the history Of Chas. - Waite's career
after his father, the late Chas. @. Waite, died
in 1880, and the way be squandered the large
estate which was left him aud reduced bis
mother, sisters aud brothers 10 penury whilo
be himself nov languishes in jail. Accord
ing to this account the elder Waite left, with
out debt or enoumbrance, the complete
equipment Of the great tavern, (tbe BrevOort
Housed with its rare good will, which brought
in a fortune annually II IA also known from
transactions made public that he left 1900
shares OF Pullman stock, worth then over
S125; 200 shares Of paper car wheel stick at
a premium, and an insurance on bis life Of
Sl35, 600. The equipment OF the BrevOort
and its good will was a fortune IN itself. II
could not have been furnished for 500, 900
Its annual profits, under good management,
in good times, surely could not have been less
than $50, 900 a year" II this writer knows
what he is talking about O. @. Waite's heirs
had $3.50, 900 TO fall back upon, besides the
enormous annual income from the hotel
which was fortune in itself No settlement
or distribution Of the estate was ever made.
In six weeks after the fathers death the
mother daughters aud second son went
abroad and @. b. Waite was left with the full
swing Of the whole property. He affected a
great interest in the FIRE department, bought
steam and sailing yachts, and set up various
establishments to crafty his peculiar tastes,
with actresses, ballet dances. poker and faro
players, and other adjuncts OF the same sort
| TO assist. The money went through his fn-
| gers by the hundred thousand, one Of bis
! latest and most disastrous ventures being bis
purchase Of the famous Pequot House at New
! London, which he ran, till his creditors closed
! him out, as sort Of private establishment
with princely equipments. His wife, gor
geously dressed petite matron, shared his
| idOsyncrasies, or rather she had no end Of
! idosyncrasies Of her own. This was only two
years ago, in 1884. His election ~ a member
Of the doodle" board Of aldermen was ven
ture TO retrieve his fortunes, but il carried
him TO j4il where be nov il. After Waite be.
gan to go down hill he developed remarkable
ability a. money borrower and slaughter
ed his victims in this way ght and left, II
this writer is TO be depended on. His letter
closes with this paragraph
"waite the elder died aud was buried In 1850. H..
widow justly expected ~ pass her days IN Injury o.
she went down to her grave to all her
joying the rich fortunes lett for them aud 10 behold
her daughters bringing handsome marriage portions
to the husbands Of their choice. Mrs Waite iy,s iu
small fat hardly more than tenement the ciutb..
aud jeWery Of herself aud VI her daughters are uu.
der pawn IN Paris. She and they subrist ouiy upon
the pittauce yielded by small eud wment balance.
Albert waite, the second son, IL an emplOye the
New York Northern railroad at SEQ month. vii
liam, the youngest son, who according TO bis fahef
ambition to have been educated At Yale college aud
become the gentleman Of the family, IL borne ID,
pey-rOll Of the department Of public works at g. day
Charles Burrtt Waite is a prisoner and parah.'