The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-11-08

American people have only within the
past twenty years become generally
INFORMED n 10 the nature u personal
property. such - stocks and bonds
and mortgages. Prior 10 that time we
derived our Income from real things,
generally real estate or what Vas al
most the same thing. mans steady
vocation, where his wits and capital
yissbiy WORKED together at some bus1-
ness IKE eoach-making or brick
making. The texderey Of cisiEixasio
has been TO make real property an an
noysnce, or anything xhiFh can inter-
rnpt mans life sfo prefers the easy
and indoienf method Of drawing his
cheek, and having a bank to collect
his rezts, interest or whatever Is due
upon his personal things, which he
KEEPS ia a tin box al . small rental
The way the average man In New
York lives Al present i 10 have box
| In safe derosit company. which H.
perhaps. atfrched 20 trust company
The trust company Is also q bank, or
has a bank next door 10 Il which does
| ifs business The individual deposits
his mortgages or bonds, and, in short.
hts whole business 1t this trust COM
pany's, and goes there At stated times
| To open his tin box and look into his
affairs. They figure his interest, rent,
etc, and put the amount to his credit
minus a commission. The man feels
a. IL this we're the very highest secur-
| its and comfort the world could give
him. lie IS required to know nothing
l at all He never goes 10 see the prop
ertv on which be has a mortgage.
| Suddenly a Mr.. Eedell turns up in
| the firm. and this shakes the conf
dence OF q few persons somewhat, but
| they are merely like beaten wolves in
chase which fall out at the roadside.
and who are devoured by their COM
rades. The chase for fortune keeps
along. He who wants 20 live in the
country In these days Is rather re-
gartied as an old fogy. He who lends
money ON farms is considered to be
giving himself great deal OF distress.
There have been played upon this
city three different games in the past
| few years; the first was blind pool
game where a German financier of
The mast ordinary beginning collected
| IS 600 900 b. refusing TO tell what his
scheme was. As soon as this was
done Ferdinand Ward turned up with
| his system of confidential contracts,
and he broke General Grant, all the
little Grants and everybody around.
Finally we have Bedell forging msrt-
cages, exchanging checks with his own
employer, and having an outside pal
or dupe 10 put the checks into bank
and conceal where they came from,
| In this way, according 70 the state
ment. he has got about $264 600, and
the firm never suspected that anything
was wrong until one day man by the
name of Koop. who had loaned $i0.-
900 on piece OF property, concluded
| 70 look at his mortgages before he went
| to Europe, and one of those mort
cages seemed TO have bad seal on il,
10 il was sent to the registers office to
get new seal. The register at once
saw that somebody had been forging
his name and the names of his clerks; ;
they called the forger out, and he
owned up in two minutes,
now ". r. HOWE BETS.
Every sporting man In town knows
little Abe Hummel, and also knows
that he viii bet on anything from an
impromptu dog fight to horse race.
but few have any idea of the longing
| to be a sport which fills the soul OF his
big partner, William +. Howe. 1t IS
not often that w. r. goes to race
track, but when he does there Is no
more enthusiastic man on the course.
lie has little negro "out" as black as
the pFoverbial ace OF spades, WhA
guides his dollars into the ing. Mr..
Howe has e-is..lania Tor betting, and he
Is oDe-5f the few who can bet without
ever being absolutely penniless. He
never plunges on any race except when
the darkey aforesaid assures him that
he has a ''cinch." The writer remem-
beers well stumbling across the pair in
the corner of the paddock at Mon
mouth some months ago now. There
stood the great lawyer with a 'wad OF
money in his hand, rubbing it vigor-
| ously in the wool OF the darkey who
stood before him.
Rub, Massa Howe, rub; dat's good
luck. You's got a cinch shuah. Use
got IL straight Now, just rub once
NOAH, and den git de biggest odds We
| kim
Mr.. Howe never made the bet He
tried 20 laugh, but when he saw that
be had been discovered he didn't ven
ture IL, and the horse ran out and ac-
tually won. Still Mr.. Howe frequently
strikes the right horse. as he did the
day Sir Dixon won the LoriHard, when
ruInor said he stood to win 5000. His
mode of betting without ever having
TO borrow his fare home is somewhat
peculiar. lie gets all the odds down
| fine. and then begins mathematical
calculation to find out how he can play
half dozen of the horses in race
and ct not lose. OF course he can't
do ID, but he rarely loses much. No
| man has ever seen w. i. Howe that
| he didn't have ticket to cash on a
race, no matter how many useless ones
he may have secreted in his vest peck
cts. He IL good sport and a first
| class man to be = friend OF as he is
never selfish when he has a private
tip.
Fred Walbaum. the bookmaker, is
about as large living mass of super
stition as can ordinarily be found in a
large city Have you ever noticed the
odds he hangs out on his books on the
track Possibly not. bat just do so in
future. No other book on the ring
ever looks like Fred's. Only one thing
Is greater favorite with Fred than
! superstition. and that is a straight tip
from stable One of Fred's biggest
exploits was on the great first speed
race between Fireuxi and Kingston.
Nobody could understand why Fred
had made Kingston favorite when
everybody else was betting on the great
Gliy. After the brown colt had won,
and landed Fred several rolls OF green
backs, he explained to bevy OF friends
why he had made Kingston the favor
| lite
why did / do it," said Fred,
We'll, did IL because | was fool.
ehs Well, | was goin' home on the
elevated road last night and came to
Chatham square, when | saw the word
Kingston light up in the Kingston
house, and said Fred, you are no
fool. Kingston will win.
Fred vas right He had been going
up. and by some chance in the illumi-
mated advertisement over the Kingston
house, the word Kingston alone was
lighted up. while sll the rest was in
darkness. He saw IL and believed il
was some liSpenSation from the Prov
| ideuce who watches over the book
makers sent 90 him.
fIrSErRs rHiL,s WAY.
Ii Is not merely the ignorant either
who hAvs some curious little supersti-
/ ton about betting. on the raee-track
/ il not at all infreqnentiy happens that
should the name of a horse be at all
associated with any incident that may
strike the attention OF the gambler. ne
viii back him. rifisburr Phd can