The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-06
SHORT OVER 10000 SHARES.
AFTER SELLING STOCKS WILDLY, WASH
IN1TON QUINLAN VANISHRS

seems to Know where he Is, and His
Relatives Express Doubts OF Hts sanity
One OF the professional traders on the
Stock Exchange who has been trying to keep
prices down while the silver boom has carried
them UP has disappeared. He is said to have
lost his head, but those members OF the En-
change who did business with him last Thurs
day, when he sold large amounts Of stocks. eX-
pressed the opinion at the time that his indul-
| gences had been such that he might better
have RETAINED from appearing in public. His
name Is Washington Quinlan. and It came to
the surface yesterday that the stocks he sold
ON Thursday and Friday were for his own &C
count and not, as some OF his fellow brokers
imagined at the time, in execution OF an order.
! Quinlnn is fair type OF class that has Of
| late years been increasing In the membership
OF tho Stock Exchange. He is n son OF
the late W. J. Quinlan, the wealthy lace
| importer who founded the Chemical M
tona Bank His father left him. accord
| ing 10 all accounts, about $IjO.UOO. and Rftcr
travelling and enjoying lie in other ways for
| few years lie determined to buck the tiger in
| Wall street. Now. at the age Of thirty-ilve, lie
| Is dscredied in Wall street. and Yesterday
| about $4,000 shares Of stock that he had sold
! short were bought in under tho rules OF the
| Exchange. 1t IL generally estimated that he
was short Of about 10000, but many of the
brokers with whom he had made contracts
suspected something wrong on Saturday and
closed the contracts themselves. Quinlan is
said to have boosted to some OF his friends on
Friday that he was short $4,000 shares. A large
part OF his sales on Thursday were on seller
three days option. From which II is inferred
that he expected or hoped the market would
| 20 his way before those contracts came due on
The stock Exchange was formally notified
OF MIR, Quinlan' s disappearance from busine.s
| n n M Qal tt Il r.
ing is q COPY. 1t was addressed to Secretary
George W. LILY and signed By solomon Ham
| ford
| On behalf OF tho family OF Mr. Washington ouinRn
one OF yomT memDers hex to notify yGn Of hi. disSp
from The Jerks in his Office 1T is learned that there
msmDett Of tho hkehanre .,.-.-,.
RSSI 0'N'' INA"
The brokers were not inclined to take Quin-
un that he stood to lose from s5OO1Gto si10061
| and was ashamed to free the music. 1t Is be-
Rss ss, 1 be im are s2U
| Saturday morning AT that time his condition
was not such as to Inspire onHdence.
| Stock Exchange in 1856. One OF his brothers,
v. j. Quinian, Jr.. is the present cashier OF The
| Assistant Treasurer of the Greenwich Savings
| Bank. His lines OF short stock are said to have
| included every active stock on the list. These
were tho stocks bought in Tor hun yesterday
with the names OF tho firms TO whom he had
sold them:
Co G 81 Dom nick ireter@@n SoG ESsien Vi lass
~ Hamilton BrUtner'; 100, IL l. notthkiss cOl-o
,ci i 80 q-ssgo Waite 1 Barton: 10 Brower&
Tarx; ioH 6omnicf i Dickerman los C. ii. Bowen
60 NO. ESf V.IySoS s!eSps oy:t White
7ssqnn Co.; q" Sgl C. FFoSsi
vS G:5a Ho $iassy " $S1 ss5i.sq u
Potter ZOO Il Benedict jf SO FREQ Fr.dertek
o fs T..o? sFI ns%s So s.1s
stern To winsIow, witock Co, 800, dasncaeh /
An intimate friend of Mr. Quinlan made tho
, following statement last night concerning tie
Wr. Quinlan's father left fortune of about
t3onuorO. which WAS divided equally among
QuinIan. 4 the brotherS, who hnye engaged
traby t" the *7jOOuO their father lett 10
each one. Each son has the reputation
mi ROM o MTsH Mr. @esRne,on " QHnan n"s
10 years. old and unmarried lie has APART
ments at the New York club. lie entered com
mercial life as II clerk IN the Mercantile lank |
and served in that capacty for -eveIa year.. |
His health gave out. and he resigned his, place
Europe and this country until December 1856. |
whom he bought seat IN the stock L%Ghan-o |
ness, siecuMtinE On lis own account; He 4Id !
hardly any commission business. He had "a |
Wall street fitted M with n good deal more
taste than the Average broker DISPLAYS.
Mr.. l,uiulan hns been generally regarded as
upon tho Exchange on Thursday. however. and
acted as ii he were either, drunk or crazy. He
rising market Tho amount OF his transactions
aggregated over 10000 shares. Mr. Quinlnn
liver Expiring at 2:l5 O'clock yesterday alter
noon. On Friday tho suspicion OF several
houses in the street becamo excited by Mr.;
II is proven that some Of these rms bought IN
largely on their own account TO cover them
.uinIan. Larry YESTERDAY this buying was re-
rented. 1t Ia! the etie Of i93rcln& prices In
many securities, particularly In sugar certii!-
Gates. and the mystcrl.u-ness OF The buyers
prov okei a great deal of comment
since no Iolt The New FORK Club. Nobody saw
him on SATURDAY or Snndey. and on sunday
nGht s I ms & %p he 81 Ins e
Ing day notified the 20 ice Of he WcstiThirtieth
street station, Hetecti We Temp W4s ASSIGNED
no trace Of him. In tn" meantime AIR. uuin-
Ian brothers wore notified OF his, disappear:
MIR. Wasnil ston CunIans friends had
4. corsTI'atton, this morning, with
M $ rn iio%of ar o, ne s' r cho of SnE r.
WASHINGTON t.uinans LAWYER The result Of
his "onler"nre was the seallng w Of the safe
iuR Of Nj. Iianfrd7 letter 70 Secretary Ely OF
the Stock Exchange Mr.. lily declined 70 take
any onicIal notice 81 Mr.. liantord's letter do
the suspension u IA member on any
such slight grounds. N2 - o,clocg. however.
Mr.. QunIan'r contracts expired. and the stocks
were bought unLor the rule. There wore only
requests 10 thy in 1920 shares but lja,U
shares wers already covorei Mr.. 0uinIau's
friends hay" soyeral theories concerning his
Many think that his Ab-rnre
is hut Temporary and that he Will turn M II! "A
inw days. others say thai Mr. tJminIun Ina
horn ctirg very strangely ior some time. nd
that they beIoyo ho has wandered of insane
To Dust Mayor Cleveland.
Lawyer Record II Jersey City went 10
Paterson yesterday md fled with Justice
Dixon the papers In the proposed loyal nght to