The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-07-22

ton and said on leaving the car: my
friend, ! am sorry for you; accept this :"
and he handed the man who wa, once a
physician, then a well-known figure on the
stock exchange and at that moment ringing
up fares on a street car, liberal present.
Another physician once well-khown in
Wall street was Dr. shelton. Every night
about 9oclock a man past seventy short and
cadaverouS, enters Delmonico's Goth street
establishment, drinks a bottle of beer and
then slowly shuffies off homeward 1t is
DIR. Shelton, once as wel-knOwn in all
street as Jay Gould is to-day. He was one
of the famous speculative trlumvirate COM
posed of Jacob Little, Leonard Jerome and
himself. A man who swung line of 5000
shares was big operator before the war or
in the early days of the great struggle and
that was about the usual limit of these
men. They all met with reverseS. Jacob
Little fell senseless in the boardrOom when
the market struck him blow that ruined
him; Leonard Jerome was lured into
speculation that cost him three quarters
of a million, and DR.. Shelton did not es-
cape unscathed. His son is on the board,
but he himself lives on whatever Wall
street has left him.
Lawyers are we'll represented in New
York's financial world. Austin Corbin,
Alfred Sully, Chauncey NJ. Depew and
S. V. White all received a legal training
brokerage firm of Depew 81 Potter S. V.
White made n moderate fortune as law
yer at DeS MoineS, Iowa lie passed bis
summer vacations at Saratoga, where he
met brokers who induced hlm to speculate
in stocks. He did SO. and lost so heavily
for three or four years that he finally
found himself comparatively poor, where
upon he decided to comet to New York. Join
the stock exchange and get his money back.
His success has vastly exceeded his expecta-
tions.
DIR. Norvin Green president of the West
ern Uuion telegraph company was once
practicing physician in Kentully.
The president of the cotton exchange,
J. II. Parker, was formerly practicing
medicine in Charleston, s. c. He 5 rInem-
Der of all the exchanges in this clUv from
the stock exchange down, a bold but
shrewd business man worth a million or
more.
Robert J. Wingate of the cotton ex-
change was educated at West Point in the
days when the term was five years. Like
Edmund Clarence Stedman, the poet, who
had to leave Yale for some college prankS,
Cadet Wingate abbreviated his term a lit
lie by reason of the celebrated Benny
Ravens Oh" He was III the class with
Sheridan. He was well advanced in his
studies and had an important place on Gen.
A. p. HIPS staff in the Confederate army.
George Moore the cotton broker, was edu-
Gated as lawyer in Canada, and Thomas
Fopte, in the same business, ed law in
Willard FilmOres old Office in Buffalo
George B. Cooksey, the son-in-law of
David Dow, the millionaire financier and
grain merchant, and who succee led to his
business at the produce exchange, was edu-
Gated as physician.
Samuel J. Tilden, who was so skll|ful as
railroad lawyer that he could charge $50
900 for drawing lease, was very shrewd
as a speculator but in his latter years be
paid little attention to Wall street Wren
broker suggested a tempting speculation,
the old statesman would whisper: mo,
have money enough, so there is no incen-
tive to speculation if | could make more,
while at the same time | should run the
risk of losing"
AS a rule professional men are successful
in business because they have been trained
to habits of study and they master business
as they would any other study.
OSCAR WILLOUGHBY RIGGS.