Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-13
A PLUNGER'S ADVICE.
The Famous Walton, Who Pulled In
a Cool Million in England,
TELLS BOYS TO BEWARE OF RACES.
How he Made Big Fortune, All From q
Hundred Pound Wager.
VERY BUSY NOW BOOMING CAPE MAY
WRITTEN FOR THE DIsPArcH.l I

IWHITTEN fOH DIhPATCH.l
I was one of the party of Washington cor
respondents who visited Cape May last
week as the guests of the Pennsylvania
Railroad Company. While there we stopped
at the Stockton Hotel, which Is now kept
by Walton, the man who made himself
famous by his horse-racing bets in Englan
some years sgo. He looks like anything
but a horse-racer, and has given up betting
and settled down to keeping hotel on the
same scale that he played the bookmakers.
Picture to yourself o well-fled-out nan Of
medium height, with big round head and
O complexion as fair as that Of the girls Of
old Ireland. Let him have eyes as blue as
the skies of Greece, wreath . pleasant smile
about well-shaped mouth, and you have
some idea OF the "Plunger."
He is q gentleman from the ground up,
and he tells me that no man ever got any
good out OF money mado on horse races. He
does not like to talk Of his own horse-racing
experiences, and says he has not bet on
race since 1884, and that he has come down
TO legitimate business. He is Q man with q
history, and wormed out Of him something
of his story. He talks OF tens Of thousands
In the most modest manner, and in the en-
terprises where he has figured he has played
dollars as other men play cents.
ALWAYS WAS A MONEY MAKER.
ct made" said he, "S4O, 900 year a. an
oil broker at the time Of the oil excitement,
and / acted as agent for Sam Pike when he
bought all the whisky in the country just
before the tax was put on. At this time
made $3.50, 900 year, and I got one fee Of
$50, 900. ! have never been ANYTHING but
money maker, and since have been old
enough to work 1 have made at least S25,-
600 every year."
'Tcll me something Of your political ex-
perience," said I.
81 was candidate for Sheriff in Philadel-
phia in 1872. There were two other candi-
dates; one was Bill Leeds and the other
Harry Bingham, now the member Of Con-
gress. Well. Leeds was elected, and the
next year they nominated me for the Re-
corder of Deeds. I went into the thing sys-
tematicallv, organized 600 election districts,
spent $50, 900 and was elected. Shortly
a ter this took charge of the big hotels at
the Centennial Exposition, and owned the
Continental and the Globe. It was Q hot
summer, and the people wouldn't patronize
us and made nothing. tried TO get even
with my losses at the hotel by buying Penn
time a. 900 shares. 1t went down, and
lost $500, 900 by it. 1 then bought the St.
James Hotel in New York and made it pay,
got into trouble about the purchase Of it
from the owners, and in 1881 found myself
down with nervous prostration.
MADE A MILLION BY ACCIDENT.
I concluded to 20 to Europe, and was
worth at this time about $500, 900. I went
b. Dab
London on my way home just at about the
time OF the Derby. I went out without in
tending to bet dollar, got interested and
made there what the world would call for
tune. first put e100 on one of my friends
horses at to and made $500. / put an
other e100 on the horse oil another friend at
6 to and he won, and this gave me 2600
more. now had e1, 100. took 81, 900 of
it and put it on Iroquois at to /, and Iro-
guois brought me in $780,
Shortly after this 1 put $4,000 on
Peter, at the Royal Hunt Cup, against
S55, 900, and Peter won. At the st. Lsger
put "a, 900 on Iroquois against &c, 900, and
again won. After other winnings backed
Foxhal for the Czarowitz and put up
SAC, 900 against S400, 900, and Foxhall
walked in. I then backed him to win the
Cambridgeshiref for $3.50, 900 and he stuck out
his tongue and won it. 1t was 80 with other
ventures, and my winnings all told
amounted to 81, 100000. 1 had gene into
betting as an amusement and was thun-
derstruck when found upon my return to
America that was looked upon as a horse
racer and had become famous as The
Plunger.
THE ADVICE OF A VETERAN.
IT don't like the title nor the reputation.
am q man Of q family, and / expect to
earn my money from now on by the sweat Of
my brow and my brain. My advice to
young men and to old men who are invest
Ing In races is TO let the book makers 20
West and till the soil, and to make racing
Improbable by not pstronizing It,"
~ made $4,000 Of OF this hotel last
year." he continued, "and am going to
make $40, 900 this year. / bought Il Tor
500, 900 when IL was losing money, and when
1 put $50, 900 Oh II Ia repairs they said
was fool. believe that Cape May 10
going 10 bs the great spring resort Of the
United States. We have 40 warm weather
here IN the winter 81 At Fortress Msnroe,
and there Ii no reason why we should not
have all the spring travel. am golng 10
build q sun parlor 400 ieet long, aud I'll
put $500 more Into 1ttisg up this place 10
spring watering place. The HyseIa
Hotel VI Fortress Monroe makes el00, 600 q
year, and there 10 no reason why Cape
May hotel phould not do equally we'll"
FRANK q. CARPENTEh.