Western liberal. (Lordsburg, N.M.) 1887-1919, 1893-01-06
a aOoD REo0Rp.

n tinnt.co Chronicle
in September, 1901 Deacon S. ".
White the ex-congressman, politician
and promlaent broker and Wali.strcet
operator ln an attempt 60 corner
corn failed for upward Of sl,oo0,o 900.
Jig February. 1892. having made q conn
promise with his New York and Chi
cage creditors he was readmitted TO
the Stock exchange To-day he
mailed checks to an his creditors, pay
ing the dcbtsip full. including inter.
ESD.
Whites shrewd manipulation Of
what are known as the industrial
stocks lu Wall street has enabled bin
within eleven months 70 Square an bis
accounts. lie was seen in his Office
this afternoon in bis shirt sleeves
busy signing checks for his creditors.
Smiling pleasantly be said: ''AIaving
paid ail my outstanding obligations
shall enjoy the happiest New Year Of
my life but ia the future I shall let
corn alone.n
White has been q notable figure on
the street fof many years and has
cxercised wide influence. His failure
caused geaeral surprise and urmin-
gled regret to all who knew him. lie
has always been extremely popular,
and his many acts Of Kindness to
brokers ia misfortune caused him to
be liked as few Walfstreet men are.
lktWas said at the time Of the failure
that il al the money he had lent to
friends had been returned lie could
have tlded over his dlnlculties
IL was said at The time that bis frm
was ''longr about 100000 bushels Of
corn, and that when the price or this
commodity declined he was unable TO
lear up under the pressure Whites
only partner 10 the New York house
was Franklin VI Hopkins The Chi
cago branch OF the arm was composed
'scf Sbfessrs. White, Hopkins, a. W,
,Y-,.,s5n and Arthur White.
v Here is a letter which was sent to
| President Bickcrman OF the Stock ex-
change to-day;
AS an outside operator, who, after
TWENTY-FIVE years Of experience, ad-
nires the honesty, Integrity and gen
rcsity Of the Tnembers Of the Kew
york stock exchange, | beg permits
.1n 20 surscF1Uc giUU toward 2 tesCf
Honial to one OF the most worthy
flnembers Of your board, s. " White
| The records OF men ike Jamcs R
! Keene and S. v. White reflect ths
highest credit on Wall street, and th,
New York stock exchange, inspire
public confidence ia their leadership
and compel cosmopolitan recognition
Of American financial and COMMERCIAL
honor"
It's not permitted to give tha name
of the gentleman who wrote this II
merely indicates the sentiment Of IA
nancial men at the time when White
made bis creditors happy. Since his
failure White has attended strictly to
/ business. After the smash he re-
moved his ofice TO z Wall street,
where no has been doing an excelleEl
business tt was predicted by many
OF his friends that he would soon bg
able 70 pay OF everything, but even
these friends did not think chat Be
would be able to DO SO within a ycal
and a half He is credited with hay
ing a handsome fortune left after set
Ting his last debt.
In speaking to-day Of the way hs
satisfied the debts that rested Ga hin
White said: "Of the 81 ,o0o, 900 which
] oWed the schedule showed thai
about I85,00J was due TO onr Chicag,
house, which reduced the indebted
ness TO about <so0,000 600. Our debt
were settled in Chicago at 90 cents 81
.ethlt dollar and 100 CENTS on the dolla
in'eaf New York house. 7 paid O.
esers cent Of those debts to-day an,
begin The new year clear Of al.
debis.7
white showed letter which be na
ssndiag to the Chicago house III
said 10 was in about The same form a
Chat he was using in sending check
10 Qll bis customers, The letter ieal
as follows
"A KIND Providence has given ~
the neaas of paying the debts Of H
late firms OF S. v. White s. CO., Q