The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-04-18
y s IvESS CAREER ENDED.
D,rn or CONSUMPTION ar a cor
BE 1IsE NEAR ASHEVILLE, n. q
nj. c.r,sr >. w"n stree. "s Rsnro.s
,sr.cEsr-He stole sS,ooo,ooo n Three
Y..,-IIIa Operations Stnce tie Crash

NHtuWSsW1V
T..r.-nt. Operations sirce tss Crssh
,.urv-ttr, n. c.. April 17.-Henry 8. Ives
,,.d,,b,lfpast o'clock tonight. He cams
- from Florida about two months ago In the
'..J,,v s,sRe Of ption, and i'm m edlate-
/, leased q handsome mouse known as the
Beatty Bungalow.
:. !, si,uated on one Of the foothills Of the
D,so Rilee Mountains. i've miles from Ashe-
In,. overlooking French Broad Valley And
shin view OF George W. vanderbilt's estate.
T,s. brought his family with him. lie was
..a.cious OF his approaching end. but received
~, Intimate friends who happened to Je In
Ish.yille until few days ago.
ys.,srday he had bad turn. but rem ain ed
,on,cious until noon to-day
IN. remains will be embslmed and carried
4, his family to his old home in Ohio. 1t 10
s,n.eted that the funeral party will leave to-
norrov afternoon on the Cincinnati train.
1r,hssprine OF 1882 Henry s. Ives left the
oonn.cticut town Of Litchfleld to come to New
York and seek his fortune. His departure
r.ds the least possible stir. He was the only
,on Of an internal revenue detective. who lived
, flaw miles out from Litchleld on q small
,oor farm left him By his father. who had been
.Presbyterian preacher. The farm was worth
only IS. 0OO. and was mortgaged to nearly Its
full value. SO. when the old detective died. the
hov Who was weak and small for his age de-
cided that he was burden rather than help,
and left his sisters to run the farm as thsy
pleased.
Ives was nearly eighteen years old then.
but did not seem to be more than sixteen. He
was thin and angular. and not at all good
looking, with q mop Of tow hair and bad
complexion. He had pair OF gray Dyes. which
a
ness In their expression. As he had no friends
and little education. he was only able TO get .
place as spittoon cleaner ana sweeper In tho
business ofIlce OF Harper Il Brothers- After he
had been with the Harpers q year and half
hs had changed much for the better In appear
snce. He dressed better and his face had
grown handsomer. He ooasted that he under
stood the publishing business from top to
bottom. and could run any part OF the estab-
lishment. This boast was laughed at and the
spittoon cleaner remained Q spittoon cleaner
So he began to look about for better Job
than his. which paid only So q week. Some
how or other he managed to get place as
clerk at SO week In the ONCE Of Charles T.
Wing. u broker. He was assigned to the work
OF going over railroad reports and tabulating
the earnings for the information Of customers
OF the firm. He proved that no had mind Of
surprising auickness In short time he was
familiar with the railroad business In all its
details He lived with the utmost fruRality
and speculated In the smallest way. but with .
judgment that brought success. Mr.. Wing
also noticed that young Ives was fond OF listen
ing to all the conversation OF his customers
He reprimanded him In vain. Henry's ears
were always cooked and nothing escaped him.
After he had served few months In Wings
ONCE. he astounded that gentleman one day
by proposing q partnership. Mr.. Wing de-
cllned the offer. and told the clerk that he
had got on too fast for . $40 place. and had
better go somewhere else.
Young Ives found o desk In another Of
nee. and soon made his first sensational
move. Tho Western Union had Just
bought up a small telegraph company.
but. as the law forbade its complete Absorb
tion. Q few shares were left upon the market
Young Ives bought up all Of these shares
quietly Then he went around to q dozen
brokers and entered into contract with each
separately to furnish him with SO many shares
OF this same stock on . certain day. When
that day came the brokers vent Into the mar
ket and tried to buy the stock. They were
sstounded to md that all the shares had been
bought by Ives.
Under their contract they must furnish the
stock to Ives. So they would have to buy It
from him at whatever figure he chose to ask.
They stormed and raved. but he was calm.
smiling. and memorable. They appealed to
the Board OF Governors It was clear that the
transaction was fraud and yet the situation
was difficult. At last the Board arbitrarily do
elared the contracts INVALID and checkmated
the nineteen-yeAr.olds chemer.
While he was . clerk In Wings once Ives had
Srsa for man Who wanted to S.s rich Ths
road was the Mineral Range. few miles In
lsngth: hidden away IN an unctyilized part q
stock. It was very rich because IL was the
p copp s: S
then s15ooS SaorS s e. stasnef s also
Just at this time which was early In 1895
Boston syndicate started TO parallel the Min
that they sold thsir ssosf 70 Ives and lis
ss. s t $a.P ss.S
q: stock Il, n thus SStainsS and Win g:
pear at the stoekholdsrs' meeting in July.
s wh a son RsSF road 81 'eS v: :Ss
AZ road. From JUL 1885 until p:csmb.r.
that he had I stolsn ssSs.Ss4. I" ~ ~''''1'1'"
But before December. 1880. other interests |
gIoator were Ocoupytuk THIS DOy
thiet. by Jan. !. 1885. he and his friends had |
got enough 70 start banking house. On Feb |
I. 1917. the name of Henry b. Ives Il Co. APP
psared upon the doors OF some splendidly fur |
n,shed offiees at 25 Nassau street. The new |
lrm called themselves bankers. brokers. and |
ssalers In railroad Investments. The mem- |
fSsIs we're Ives. stayner. and young Thomas
noremus taken In because he had q seat In |
me NE stock Exchange. which the other two |
Ives had been revolving In his mind scheme |
ioI grand transcontinentAl railway lie |
looked about for an entering wedge. He |
sstued upon the Cincinnati. Hamilton h Day |
JGh-a road running to the north from Gin |
elnnau and having q fine surplus. a 1ne in |
sg9me and u drowsy Board OF Directors The |
mineral Range could not furnish enough oapi- /
va Ior this tremendous steal
A 90 Christopher Meyer. an old capitalist. WAS
Hasn into the scheme. btAyner owed him
money stAYner went and paid IL when the old |
sI1 MAJ least expected II, He iell into Staynsrs
sutehes, which meant into Iyes's grasp. a
EAsp that never relaxed until the old man
o,ssIea dead Not even then. II q certain story OF
"fkerJ 10 to DO believed.
ives set his machinery at work to buy the
IL ~ n NAnd y, He USED the same msthods as In
H., Mlheral hAngs-bought blocks OF stock.
n5I heated them. and bought more with the
sSStssedS In the spring OF 1885 he obtained
Ives was now at the height Of his glory. In
~ years he had raised himself from the