New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-19
IVESS FINANCIAL SCHEMES.
HE WAS INTERESTED IN SEVERAL
RAILROADS IN OHIO.
. HIS FORTUNE ESTIMATED AT BETWEEN sS'o'oOo
AND BODYBUILDING Up THE OHIO
SOUTHERN SYSTEM.

AND s4o0ooo-BlILDING Up TIE OHIO
SOUTHERN SYSTEM.
Frow far Henry s Ives the adventurer' WHO'S
title 1.-The Young Napoleon of Finance worn as I"
compliment at the height Of his prosperity became
a tern, Of derlson upon his downfall seven years
aro and who died at Ashevlle. y c, TUESDAY
evening would have resained prominence III wa,
Street had he lived some years longer may "'''
be wondered when the shifting scenes OF 'n'' s'''
specuative centre are considered. lie hau "ie'"'
resumed operatlons in that direction, and was Dc
ganins aeein to crafty his ambition to be mal'p-
ulator of railroads 1t is Impossible TO say no"
much OF the plumber Of the Mineral Range me
Cincinnati Hamilton and Dayton. ard the N'hu'-
liz roads. with which his Wall street career was
Identified. he saved from his bankruptcy IN August
1887 But in the last few years he is believed 10
h,v. made several snceessfu! financial operations.
and it is estimated tSat he may have ief' fortune
of 10000 or SlOAOOoN
When the failure Of the firm Of Ives e Stayner
followed the dsasT0us attempt to carry out ne
option given by RobeS Garrett for the sale OF TIE
Baltimore and Ohio Railroad. Ives vas compelled
10 fight for a couple Of years legal efforts 10 convict
him of criminal charges 10 his railroad transactions.
When he was finally released from Ludlow street
TAIL in March. 1890. Ives already had his pans
formed for re-entrance into Wall Street lie man
aged 10 secure the backing Of Mills w. Barse. presl-
dent of a bank at clean. y. y. and prominent
hold Of the Herkimer, Newpon and Poland Rail-
wav lumber road sixteen miles long running
from Herkmer Poland. in tho Adirondack re-
gion The road was sold at q handsome profit and
became part Of Dr. W. Seward We5b's Adiro'-
iack Railway System. which is now leased 10 the
New-York Contra.
Within the last two years Ives is believed to have
acquired supremacy in the Ohio southern Railroad.
road us miles long extending IRON Sppnfhliif ti
mnous coal traffic To secure c0ntrOl o! TINS roaa
there was litigation with trust OF foreign stock
holders which was broken by the Ohio courts, after
a Vigorous fight Within the last six months the
Ives syndicate also obtained control OF the CleNe-
miles. in the Ohio coal region, ana connecting VIA
the Ohio southern. Although Ives does 10, ap-
pear in any open connection WIN t!meI % u'[ IT,
roads 1t is well understood IN wan stree tdl ms
genius for scheming secured them to his associates.
and their acquisition was part OF plan ne enter
tanned 10 build up an important new coal system
between Chicago and the Ohio River. The transfer
Offices Of the companies as in Room No; a. on
the seventh floor OF the big Joint BANK onIlu'ng ao
of Offices. and where he was attended by rom
Proctor the coored boy, who serygd nm I, me
There has been no trac" of the Old Ives methods
connected with The Ohio southern system. which
has been built up and extended since the barSe-
Ives syndicate came into control
1t is believed by well-informei men downtown
that Ives cleared a handsome sum out OF me heS9-
tiatons for the transfer Of the Brooklyn diygoOds
house Of Journey 4 Burnham INTO STOCK com
pany about TWO and half years ago he IS also
believed to have had a connection with the organ
ization Of the Michigan Peninsuiar Car Company.
in the financing Of which he is said 70 have made
considerable money. How far Ives has been inter-
bination Of Brooklyn troeys lines is not known,
but he Is not believed 10 have secured footing
Ives married on November q. 1892. Miss Gertrude
Sears. a comic opera singer He is believed TO
near Flfth-ave. and to have contemplated building
handsome home.