New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-18
HENRY :. IVES DEAD.
He DIES FROM CONSUMPTION IL NORTH
CAROLINA.
TO TIID LAST HE CHUNG 20 TIE HOPE OF RE-
ENTERING WALL sTREET-THE REMARK-
ABLE HISTORY OF TIE NAPOLEON


oT FINANCE
A'heville y. c. April 17-Hnry s Ives died
at 7:%o O'Clock tonight. He cane here about
Two months ago in the last stages Of consump-
ton. and Immediately leased haodgome house
/ known as the Beatty Bungalow 1t is sit
uatei on one Of the foothills Of the Blue Ridge
Mountains. five miles from AsheNlle over
looking French Broad Valley and within view
Of George W. Yandcrbilt's estate. Nr. Ives
brough; his family with him, and they lave re-
manned. In spite Of physicians and migrating
climate. he passed away this evening lie
conscious Of his approaching end. but received
his intimate friends who happened to b. IN
Asheyille until few days ago. Yesterday he
had a bad turn. but remained conscious unil
noon to-day.
The body will be enbalmed and carried by his
family to his old home in Ohio. Il Is expected
that the funeral party will leave here tomorrow
afternoon on the Cincinnati train.
Prominent financers who Visit'd Ives during
I his stay here were impressed with his hope or
/ recovery ana entrance into Wall street again.
Few VINO saw MIN. however. shared in his hopes.
The family 90 Mr. Ives hay" not appeared in
pubic except - make purchase IN the city or
for drives. ana their stay in Ashevc, as in
! Florida during the early winter was very quiet
Henry s Ives Was better known in Wall stree;
as the Young Napoleon OF Finance" His meteor!c
4
the Cincinnati. Hamilton AMI Dayton Railroad ana
his previous shady" transactions are We. known.
/ In 1851 Ives = c.erk in the Office Of Dauchy q
Co.. advertising agents In Park Place. at salary
OF s. 4 we-k. The next heard OF HIM WIS when, in
1854 he hired des.room in various brokers' offices.
/ In February. 1876 Ives George ii. Stayncr and
| Thomas C. Dorcnus composed the firm OF Henry
: Ives * Co. bankers" az ~. - Ndsslu-st In
the carry months Of that year the deal 10 milk
the Dayton road was Planned by Ives. and AZ an
election 90 the road ou June -. 1N,d. Sayrer was
elected president Ives made vce-pr s.d"ni. and
the post az secretary ana treasurer was given 10
young man. T. Wilson Woodruff clerk IN the
employ OF the firm. Who had sat at the n,@t desk
TO Ives when hey were clerks together n the al
vertisng Office.
II was charged that Ives and Stayner at once
bean - dcpleie the S2cpcDo surplus fund OF tho
road on August II. 1881. the firm failed When
/ the news OF the failure announced NJ the
Stock Exchange II was hailed with iy, for the firm
/ hal no rel friends in the Street The books
/ 81 the firm soon after mystcriousy disappeared
ON Angus; Ives and Staynor resigned their places
! as the two chief executive officers OF the G. H.
/ AMI H. road. The Tribune. on August Co. lS'I
printed the tox ~ th,ir deal with Robert Garrett
generally known as the "B4ltimore and OHIO, deal
/ Julius Dexter. president OF N" c.. II. anu - ~"
/ consIirators. chlrelnr them with larceny m Mt
Dexter alleged that Ives received draft for $1,000
ch1se Of the Tcrrc iiaute ana Indianapolis road
! IL WIS part Of a series of drafts 90 ne amount o."
$50 so which were 10 DE used To- pay Tor ~" con-
! trolling interest IN hat company SOCKS. lhr
| other lraffs were duly honorei 10 me circuit 1'
| W L. Nckecp. president Of the TER" Hauir roil'
bu, the ono On which tho arrest Ms maze Wa ~
leecl 10 have been diverted hy IFct to MS own N7'
Ivos took The ground that De- should nave IT," s"'n
| u q ciyu suit He was held l1 500" .Al;. h' on
his examination he was DISCHARGED Tor lack ~ Cyl
dcncc Ives was represented hy tie firm ~ h'ii:y.
I,u,.rl.cr A John. g. I've. at one" began riit l''
slooou AGAINST Dexter for falls arrest -
/ Four times Ives and Stayner w'rr hr'HFNt up
| in civil and criminal suits 90 il' sam, '"".tr,
! Ivos v,g indicted In $50 hu. tf'r long Nit"
.nding September -. lss" the jury IN rs case di'
! agraol ana d. was DO charged .-
TN. failure % ID" firm ou Angus H. 49, ~, ~,
! one II the most sensational ln thr ms, '!S - VIZ
| street The assignment was Hfl"pt lL.l'i, ,h,,'
ana was made - william y cromwell ln' IN
ure wAs expected f1r Ions iri-. nIt no one h''i
auv idea or the tremendous uah.l'lrS hnnl hS--,s
Mr. Iyeg after tho fa.lure. said calmly h"u my
pia. down tho liabilities a. f2l'r"' ana the assets
vol. say f.lvnDH -, IL. .,,... ,,.trt,,,
! I-eiioUes Morgan Il CO.. i2"r0n. Alfred Suiy. a.
fhe representative OF the C1rbin interests. N'p"'
and t,ersonaily for cash advances ab!h 49,
Pusssu sage SrNp1. K'ssl"r 4 co.. A'N'. me
! American National Bank. STOOD. ~" Farmers
| I'm and T-ist Company. N'ils. ana TIE bank ~
/ 81. sat Of New York N"eu First national TANK
- cincinnati S~-Oc1r. and Irving \. Evans. ~
| Uoston ana others. 5000" The total Liabilities
! Tho er,ltcs. surprise was eNpr"ss'l q; the TACT
! ,ha. 0~In about which Wall street nal u was
| etnfos.l fhe fullest knowledge. should nav" been
| ailc 70 roll W such an enornoHs lhIrDi'In'-'.