New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-04
ROBBED IN WALL STREET..
A wELLKNOWN TURFMAN'S MISFORTUNE.
INDUCED TO GO INTO PARTNERSHIP WITH
BcOKER--A BIG SUM IN BONDS

INDUCED TO GO 1NTO ''~~'-
BHoKER--A BIG SUM IN BONDS
There is n certain man who is known TO every
Eostcrn racc-goer. and who has National reputa-
tion as a square" gambler among the deVo'ees
or the green cloth. His career IS ike that vi
many other men who have succeeded IN the call
ing adopted by them to increase their store Vi
this worlds goods. The man that this story IT,
fer, TO was born in the little state Oh hhoue
Island. and he is about fifty years Ola. nc HIS
been inclined from his boyhood to take chahces
n, everything that furnished an opportunity Tor
ho,,i,g While vet a youth he found that the
LITTLE State in which he lived was not large enough
FOR linn 90 he left Little Rhody' and pitchea
hi, tent in the great metropolis FROM the s'ar'
he was successful and was able TO holh MS own
with the shrewdcst of the New-iork gahioieis
In n few years he well known 10 al WIN
were engaged in what il termed the sports ne
followed the trotters through the circuit vi ie"''
ing trottng tracks in the summer, ana Wien o'ia'
snort began to decline he turned his attention ID
the thorOughbrcds.
His square dealing with all who transacted
business with him made him extremely popular, 80
that he was admitted ~ a partner in the once
famous gambling house, No. SIS Broadway
No. sls was known from one end of The
largest limit given by any faro bank in the coun-
try. Roulette and other games were also played
for LARGE amonnie The resort was frequcnted
by men Of every occupation in life that gave them
leisure and money for gambling. The partnershl
in No SIS made him - prosperous that he en-
tended his operations into other helds, anu III
partncrship with young man who used 10 startle
the beitine-rng by his plunging on some oil the
races The booli-maling venture was VeritaDle
gold mine for few years, and the partners
llossomcd out Us the owners OF an extensive
stable, which contained many good performers
Success crowned their racing venture III inc hrS'
tire. wears of it, existence and then rcvcrses w'r
the rule and a big run Of luck was the exception
The p,uQng propensitlcs Of the younger partner
caused him 10 become heavily involved, so that
dissolution Of partnership resulted. Inc younger
partner is popular and is as much oil n pluhger
as ever His creditors, however, do not press
him. a9 they firmly believe that he WIN ANA
succession of plunges some day ana pay up 10 'ie
last penny. So
The subject of tins story continued racing WIN
4 smaller stable and won many races, one OF them
a record breaking contest in which all existing
records were broken for every fraction OF the dls-
fame. He identified himself with racing asso-
citation in New-Jcrsey in which he Is largely IN
i"r.stcd. and expects to receive return "a tlIe
money invested when thr laws OF NeN-J'IotJ pr
nit racing with betting. lie was instri-
mental in making the meeting at Monmouth
Park A success In former years y. j.
Ca--att and d. d. Nith"r- invariably con-
suited him about racing matters. His Judgment
MAS taken in many disputes between the layers
and takers of the odds in the betting ring. lie
y.ntured too far, however, when he began 20 try
his haul in Wall STREET Two well-l<nown men
offered him partnership in 4 brokers Office, with
direct wires 10 the Stock Exchange. and showed
him how much easier il 10 separate the
average man from bis money in Wall Street than
in making books on racetracks lie took the
bait. ~ they We're business men. and he was
accepted AS n partner. He put large amount
Of bonds representing cash value Of $780,
OOO some OF the pports say, in the safe OF the
firm security for his share in its transactions
lie was greatly shocked one DAY 10 find that
the bonds had disappeared. aud Re received the
old question Of what are yon going to d. about
Il? lie found that he could do nothing. ana
wanted 10 keep the matter quiet, but 10 i being
talked about 40 the 81. James Hotel and Del
monico's and IL sure To become publicly known
40 an early day. In the mean time the UNI
fortunate turfman goes TO his home in New
Jersey every afternoon and is said 10 be Interested
IN three city poolroOms, and - hustl1ng with ms
old-timn vigor 10 recover his losses.
The case recalls the llolllngsheai-Daly case OF
last wear The former partner OF john
DAILY. In his gambling eStablis lments, AMI was
an active member OF s.. Andrews Protestant
Episcopal Church, in Harlem. lie was gambler,
however and in one Of his Wall Street plnngcs
went down: 80 no Went 70 the safe in Nr. DAILY
gambling house and stole the bank roll Of $4,000.
Mr. DAILY did not attempt TO punish lioHlnGshead.
The despoicr of the tCrfman mentioned IN TINS
story is likely 10 escape IN the same manner