The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-02-18
WENT DOWN IN WALL-ST.
nA1cH TELLS OF rx-MlLLIonMREs.
Also About some who Rogained Their
Wealth-Moses Taylor, Emo, Jim Koene,
Henry Willard, Daniel Drew and
Others Considered, Eto.

street" is not only one of the picturesque
characters in financial circles, but is by all
odds the most imperturbable. Nothing
ever phases him. lie can lose his half
million of dollars or so and come up as
clipper as ever lie has made and lost
two or three fortunes, and every time
that he seemed utterly knocked out
nc would be on hand, making what to
others would be an absolute defeat great
victory.
Uncle Rufus is always smiling, full OF
wit, as shrewd as they make 'em, and his
advice is more sought after than that of
almost any New York operator in stocks
and moneymaking opportunities
Seated in his coy arm chair at his Office
in the Washington building he looked the
other day, although getting on in years,
the very personitcation OF health, says
the New York EreHing Sun. His rotund
figure seemed TO round with happiness.
His blue eyes glistened with suppressed
merriment, his face rippled all over with
laughter, and his bald head, fringed with
silver gray, nodded with good humor.
Uncle Rufus, after lighting a cigar and
some proof engravings of cattle studies by
Rosa Bonheur, that no affects as one of
the proper capers, thus commenced talk
ing operations with the writer.
so YOU want me TO talk about ex-mill-
ionaires who have lost their fortunes in
Wall-st Now, that's getting rather close
70 home, isn't it? l have been there my
self! Yes, / was one OF the poor shorn
lambs, but I've got some wool left vet and
il is invested where it will do the most
gooi for yours truly. But | don't like
taat idea of millions being lost on Wall
st. They're only left there by those who
get left Even when a man shuffies off
the mortal coil that is all that happens.
81 remember when Moses Taylor died,
and he was tie first man 10 make q big
fortune on the street-nearly S70O00,OO0
that So of the boys were talking il
over . .he Union club, and appealed TO
T,..vers as the oracle. After looking
somewhat grave for a few seconds he slut
tered out very slowly, L suppose on ac-
count OF the solemnity OF the occasion,
the Grape being on the door of the Taylor
mansion:
"He-he-he lul-lul-lul-left ev-ver-ver-
very thing that he-he couldn't ter-ter-take:
wer-wer-wer-well, he-he-he didn't ta-ta-
take mer mur-much.'
y o. lOIllIb
because he couldn't hold it anyl onger he
LETT il TO his heirs, the Primes and the rest
OF them The commodore and William
H., when they went TO the happy hunting
grounds assigned TO milliOnaires, although
their property was apportioned among
their heirs, still it was left to gamble with
and add more hundreds of millions of dol
lars thereto. Now, their property is in
good hands, and because they couldn't
very we'll make the mausoleum At New Dorp
on Staten Island big safe deposit COM
pany for themselves the public is ben
e6'%l thereby, don't you see. How do
,he old words 90? Let me think-it is
something like this:,'W What you give away
YOU take with you, what you hoard is
lost"
But that is not what you want, | sup
pose" continued the financier, putting at
his Havana. IL take it Daniel Drew was
one OF the heaviest losers on Wall-st. He
left 1900, 600 through speculation around
and about the stock exchange. lie took
advantage of the bankrupt law In fact !
think he'd take advantage of everything
and anything. He was utterly unable TO
compete in his big dealings in Erie with
Jay Gould, who got hold Of the best part
OF his pile OF money. No, he couldn't
shine laws shoes rs a speculatOr."
cts given the credit for every piece OF
deviltTy that money comes into. A public
official goes wrong. a big lawyer goes 10
the demnitiOn bow-wows. \ Sunday
school superintendent in some important
position OF trust, who embezzles instead
OF prays-suddenly makes tracks for
Canada. Whoever it is. or whatever is
done, it's always the same cry-'Specu-
lated heavily in Wallst. and lost money
there Bosh! One out often may the
other nine lost their pickings and stealings
or Interpretations on last horses and
fast women, or they lived above their
means somehow or another. You can't
afford to buy teR-thousand-dolla
necklaces on a Neutrality-suspicious. or
four-thOusand-dollar salary.
about ten years ago when horse racing
was very fashionable, piles OF money and
fortunes were fritted away in the betting
ring. Then came great sInashes and scan
dals. To cover up the real facts it was a
dodge a Llgh-toned gentlemen then to
exhibit TO their creditors evidence OF their
Inisfortuncs in the street by the display of
worthless mining certificates which their
confidential lawyers we're able 70 pick up
at so much per pound in the junk shops.
The horse, that is the racing bookmaker,
was never in it. Hang it, give the devil
his due. Don't let them put everything
on Wall-st.
Fortunes that have been left in Wall
st. have in the big majority of cases been
made there. l would like TO say right
here that the banks lose less from Wall-st
people than they do from any other trade,
or trades combined. 1t is an unwritten
law that Wall-st. men have to protect
their bankers. Their transactions being
confidential, they have to be stood by.
Emo probably lost his S4.000,000 in
WalLst. but IL was not lost 10 the street
His father fixed the bank all right. There
was no actual loss, and Canada was the
gamer pecuniarily.
THE Doodle aldermen, as a whole, lost
very little in Wall-st. | remember hear
ing that they did take a good deal OF
theirs 70 Canada. Some Of those fellows
had $4,000 to 100000 for their work in
the bribery business.
"Bulls and bearsl Let them amuse
themselves. Outside of them and their
gains and losses, the interest on the bonds
that that they have to do with support
Wall-st. and the money market A large
amount of that is distributed annually.
'Wall street owes me nothing" con-
tinued Uncle Rufus. What may have
happened TO have lost went outside of
Wall street. Suppose did lose 100000