The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-09-24
THE WHITE FAILURE,
NO Statement of The Firms Af-
fairs Vet Made Public.

New York, Sept. 23.-ISpeciall-
mere was no excitement on the pro-
duce exchange this morning on account
OF the failure Of s. V. White x Co.
yesterday. In fact. tho corn market
opened 4 of cent higher than the
closing prices o: yesterday. A member
OF the firm of Field, Lindley, Wiechers
N Co., in the Washington building.
when was announced in tho trouble,
stated this morning that they were in
no way interested in the firm OF s. V.
White Il Co., and were not in tho lo,st
Affected by it. They did considerable
business for Whites firm. This morn
ing the corn carried by them for S.
". White margined down II cents
below yesterdays lowest figures.
Thos w. Gould, assignee of s. Y.
WHITE Co., said to a reporter TODAY
that he was not prepared to make any
statement in relation to the affairs of
the firm, and he could not tell when he
would be. 1t would probably be some
little time before any statement could
be made. as soon as it was ready it
would be given to the public. Mr.. Could
added that he could not even tell an
proXimately yet what the liabilities
were and ne did not believe any one else
could.
Nothing was made public to-day in
regard to the liabilities and assets OF s.
" White " Co., the suspended brokers.
WHITE was at his Office all day and was
busy closing out accounts and preparing
schedule. 1t is limited that there arc
surprises in store when n statement is
finally made public. 1t is not thought
that White had any person with him in
his corn deal.
DEACON WHITES CAREER"
stephen V. White, senior member of
the firm OF 5. V. White Il Co., which
mas Just failed, was born in Chatham
county, North Carolina, on AUGUST |.
1851. His father belonged to Il Penn
sylvania Quaker family which moved
South just after the revolution. Anti
slavery sentiments caused his father to
remove from North Carolina few weeks
after the birth of this son, and he set
tleu III what were then the wilds of Illi-
nois. S. V. White passed tho first
eighteen years of his life on his fathers
farm.
In 1910 he began TO prepare himself
to enter Knox College, Illinois, from
which he was graduated in 1851 Then
he went to st. Louis where, after work
ing few months as a book keeper, he
oV"VLcV la" tlu WIS lumlJtou to the
bar. He soon attait cd pre- commence as
lawyer In 1865 ho came to this city
and became member of the firm of
Marvin N White, bankers and brokers.
MIR. Marvin withdrew from the business
IN 1867, and then tho present firm Of :.
V. White n Co., was formed.
The house has done large business
in Wall street and Mr.. White is credited
with having cleared Sl,0O0,000 by one
operation in Delaware, Lackawanna
and Western stock in March, 1854 His
home has been in Brooklyn, and he has
been actively connected with Plymouth
Church, serving as it's treasurer and as
one of its trustees. He has not. how
over been deacon, although he has
frequently been called by that title in
Wall street and in newspapers
Mr.. White has always been n strong
Republican, and in 1856 his party elected
him to Congress from tho Third district,
brooklyn. In 1881 he was an ardent
supporter of Mr.. Blaine and made many
stump speeches during the Presidential
campaign. lie has given much atten-
ton to astronomy. and in an obscrva-
tory ut the rear OF his house has one of
the finest private telescopes in the
country.