The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-04-22
II. S. IvESS BRIEF SUCCESS.
TRICKsTER AND sPKSDTHRIFT. nm
LASTED bur MOMENT.

Ludlow street Jsii-Iiis EStrsvss-.es.
The death Of Henry s. Ives stirred up many
interesting "reminiscences in Wall street Wed.
nesday. Many persons have mistaken his im-
portance aud have nscribed 20 him q place
among the great flnanciers which his doings
did not cali for. 1t IL doubtful II half q dozen
bankers knew him even by sight The vsrdictof
Wall street Wednesday was that young Ives'in
no way displayed genius. but on tho contrary
he developed all the traits OF a plckpocket.
| Young lves's friends said that he net Wall
street as II was. and was bound to beat Wall
street rs he found 1t. They said that he found
Wall street selfish and mlserhbly unRratefuL
and that not even the ties OF close relationship
prevailed in that community. They said that
from the day that he was a spittoon cleaner in
the establishment OF Harper & brothers he de-
| termined to fight the world as no found IL.
| THE Sun reporter knew Henry s. Ives very
| WELL and II must he said that Ives was selfish
and vindictive and without an idea OF intes-
rity. Yet It must be added that Ives did not
| love money for money. When his apprentice
ship from stock brokers' ONCE was ended he
was fully aware the power OF Jay Gould and
the other great milionaires. and It was his
ambition TO be equally powerful Ives was
n schemer. and all his plans. morning. noon.
and night were to assert his III cial intellect
above Mr.. Gould'a
Unlike Mr.. Gould and unlike Mr.. Sage. Ives
| was n spsndthrift. He was drinker. and no
| extravaganza that was ever committed by the
| widest young man OF New York ever ap-
preached that OF Ives as soon as he was assured
Of a few thousand dollars. Mr.. Gould and
| those around him as quickly as they ascer-
| tanned this trait in Ives's character knew that
| It was only a question OF time when
| they would be called upon to read
Of the young mans downfall. They said
that Ives was clever but that he had no
balance or sound financial Judgment. Ives
was like cat. and not like tho tigers OF Wall
street. cat will spring at q mouse. tiger
will strike at a lion. In Wall street there are
liars. but they do not lie all tho time. There
| are intervals when they tell the truth. when
they believe the truth will do better than
lie; but this young man lied all
the time. He would smile at you and
shake your hand and lie to you about the most
insignificant feature OF his transactions. He
was bound 10 be detected. and the fact that he
only cut n swath In Wall street for. two short
years Is evidence that not even q clever thief
can have much OF q sway there very long.
let young Ives was wise from his point Of
Wow In or two directions. This was
demonstrated one or two years ago when he
established what was called the strsu gers Club
at IL West Twenty ninth street. This young
man. even after all Of his tro bles had gathered
around him six or seven spirits Of his kind
who had known him as tho Master Thief
and sp.rt $50. 600 IN sdornins them lie put
hotel. All Western men With whom he had
whom he was about TO make connections. were
invited to take up bed and board In this club
sTSupd the cats, o, the TsSderlsiP
wando I've. Snd his
corralled them when they arrived and took
to ey the
without Ives or one Of his lieutenants close to
vest. and Ives frequently boosted that he was
not go Ing to have them get into the clutches OF
When ives s was SSD in EaSloT street JAIL Whsr.
ho was locked up on the charge Of swindlIng
not a night that he did n OF roam ali through
opera and the thestrs and Ludlow street jail
was not even Ike sombre club TO him; An.
s s Inc he Sd
runn I to and rom Vail ssqest nsesna tSs
proceeds Of his swindle in dividend paving
the ,adv ,s that confronted him. he leave:
said one thing in Ludlow street isil that has
always been remembered In Wall street. IL
III ever get out OF here / will hire better
lawyers can do anything In manipulating
railroads and escape lail II only have compe-
He boosted alterward to TIE, svN reporter
crushed at that time This is not the truth;
ofiees in the Manhattan BanEing Company's
building at 40 Wall street In those of1ices
carpets But there We're ofiiess within officss.
and II was harder to see Ives than the Car OF
Since his escape from the jail he formulated
the reorganization OF half dozen great imam
hand to turned out a failure. except the Baiti.
nor more . ana ohio deal and he always charged
latter had lent him large sums OF money and.
when he failed TO meet the loans. promptly
irlmediatsly after. young ivss,s marriage
last year he bought the house ut @ West Fifty
si6O. 900 and from that day until a few months
ago; when he went south for his health he had
missioned 10 buy fine paintings and sculpture
iST ms s9 S These men we're ft every art
eetiOns 4. one time IVES owned n the Yacht
TtllIe. which he bought from Commodore
the commadors. ButmSs he o%aed il no SUE
tan ever h had Ia more riO;0Hs time lie would
the Sag most 81 Of Ii.
burned the candle At both ends. and yet no
day that at times young Ives seemed to be
ss have
Ives was never known 20 finch. never known
10 the lace Of the most Sls disaster Ii. ws
q genius in one way. He was an abnormal
development in dishonesty.
There was only one deal with which Ivss
was connected that appeals TO the average
citizen In Wall street. and that was the Mutual
lowed this com pany 1t was necessary 70 per-
NIT the Mutual Union to retain several hum
cial reasons. and the fact that the company
Ietainsd these shares was plAearded on the
New York stock Exchange. This notice Waa
read by all the brokers. They we're thor
oughly familiar with the whole matter. and
up those several hundred shares. anl
then induced brokers TO sell the stock
Ives. OF course. had all the shares. and he
could have put the price o! Mutual Union 70
$4,000 u share. Wall street m on say that this
was q legitimate corner and that nobody
could have squealsd. but IL turned out that
Stock Exchange were caught short OF ths