The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-03-05

had made in calls with GeuIn q Lockwood as
margins a short line OF Toledo. His examine
ton OF tie road had convinced him that it was
rotten and that II ought TO 90 down. The next
thing TO do was 10 convince the public that his
diagnosis was right. Out of the effort TO do so
the celebrated " Conservatory" The OBJ:
seTvatOry was a small upper room OF building
on Pine and Nassau streets. TDlther lie Invited
to a lunch, served from restaurant near by,
1teSSrs. Hudson and snow. commercial editors
OF the Herald and Tribune. These gentlemen
were inOculated with the results Of Mr.. JerOme's
examination. They exposed The rOtenness IN
Denmark Valuable information about other
stocks Of similar r0ttenuess WAS freely given
from time 10 time. The worthessnrss OF Mielii-
gan Southern and similar lines was demon
strated, while the healthy condition OF New York
Central and Galena and Chicago was made clear.
Every day these sages OF tie observatory met
aud pronounced upon tue merits OF various
stocks. Their pens acted as electric wires, unit
ing the different markets OF lhe country. ine
observatory became the moral atmosphere OF
Wal-street finance.
Mr. Jerome's career on Wall street was phe-
nomeual. He went into it with next 10 nothing.
and came out Of II handsomely ahead A rest
less activity constantly impel.ed him to risk a
pincely foituue, more than ouce acquired not
upnn the hazard of the die. but In backing his
Judgment by his money. A sincere and devout
believer 10 his own star, he was never led from
his strong convictions. He weathered more cy
clones and triumphed over more consptracieS
against Ills fortune than would have sutticed
10 wreck and ruin a hundred ordinary men. lu
1862 the agent OF tile State OF Indiana, In league
with one Sam Halett, swlndled him out OF 5000,
600 by the Unauthorized issue OF Indiana per
cent bonds. Tie agent OF the State, duly ap.
poiuted by The Governor and Senate, having his
office at 20 Wall street. was intTusied with tines.
bonds, which were duly executed al IndianapO-
Ia the SecretaTy's signature cOuntersigued by
the Comptroller and Auditor, aud bearing the
great seal of The State. These bonds through
Hallett. were bypothecated fiOm time to time,
until the aggregated sum reached S6Oo,OOO, the
agent assuring JerOm: before he made auy ad-
vance that the bonds were all right Indeed, so
clean apparently was everything about them
that the chief place for reborrOwing on them
81. . Nraar al e
financial agents OF the State of Indiana. The
State repudlated The acts OF lis agent, aud as an
individual Is not allowed to sue State, Mr..
jerome was unable to collect the debt.
MIR. Jerome encountered another facer In Pa
chic Mail. When the capital was increased TO
$50 DOC, 900 lie took 1000 shares OF tile stock
was disposed OF. AT the next quarterly meeting
of the directors, however, the board decided by a
majority OF one 1--WE being present, TO reduce the
usual quarterly dividend from To per cent.
The announcement fell like i bomb on the stTeeT,
and to no one did II bring more surprise and con
precaled Within Two hours over SS00,oU0 In
value.
of freedom 10 the slave. But when this cause
was eutwlned with that of his country his HUI
guenot blood was fired almost TO fanaticism.
FTom.iirst 10 last his strong aud manly heart was
given 10 The Union cause. Every subscription
list had his name in the 'front.' When the first
great Union gathering was held at the Academy
OF Music his check paid the expense. He was
Treasurer OF the Unicn Defense Committee COM
posed OF the best men OF New York, and during
the entire period OF Its glorious labor lie paid tile
expenses out Of his own pocket. The books of
the committee having charge OF The sick and
wounded show on their sacred pages $4,000
checks from Jei ONE from time TO time. He WAS
also the founder Of the fund for the benefit Of
ihe families Of The killed and wounded in The
New YorN antl-enllsment riots in 1864 Over
$50 900 has been distributed and there still re-
main about $50, 900 on hand TO reward as occa-
sion offers any gallant action performed In the
service OF the city. lie also contributed $50. 900
nd he nsrr uC q
vessel built expressly 10 catch the Alabama.
While the war was raging. Mr.. Jerome pur-
chased aud held Tor some years the largest inter-
est In the New York Times then edited by
Henry j. RAYMOND, for whom early in life he
contracted friendship.
The training OF thoroughbred stock was never
undertaken ON large scale in the Northern
States until the establishment OF Jerome PAX.
Leonad ". Jerome did more TO make The turf
popular IN this country than any other man. lie
was also prominent In yachting circles. He first
owned the Undine. Later on lie bought, with
another gallant yHchisman, Commodore Me-
Vichar, tue Restless, and later on, with Commo.
dore James Gordon Bennett, the Dauntlrss. His
rage Tor yachting, however, was considerably
subdued by The failure OF the steam yacht Clara
Clarila, for which he paid S125,000.
MIR. Jerome took an active part In getting up
the ocean race of 1866, the greatest yacbt.race
record. He subscribed the largest share of
the stakes His winnings Melted over S45, 900.
He had 81 900 on he Henrietta. the winning
boat, and about $4,000 even on the boats
against IS, 10 and 20 days.
MIR. Jerome was also a iOur-in-hand enthusiast.
He was the leader In cultivating this taste IN
this country.
He was a bounteous patron OF American art In
all It's branches and some who have found fame
in song tell with gratitude that they owe to his
genei oIty the education Of their voices In the
best Italian schools.
MIR. Jerome was married In early life TO Miss
Butt OF Rochester, daughter of gentleman Of
fortune there The result OF the union was three
daughters. The elder, Clara, Is married TO Mr..
Morton Frewen, member OF nm English family
which long represented their shire In the British
Parliament. he second Jennie. Is the wife OF
Lord Randolph Churchill, aud tile third, Le0nI,
is welded TO Mr.. John Leslie OF the Guards, only
son auo heir of Sir John Leslie of GIasslough,
County Monaghan, Ireland. (which county he rep
resented for some years.
EX-CoNGREssNAN sCovILLE,
Ex-Congressman Jonathan Scovls OF Buffalo
died nj New York Yesterday,