The times., 1897-04-11

OF Mr.. Abraham White, new stock
broker
Mr. White is OF the opinion that q man
doesn't need any special experience to
succeed in Wall street. What he does
think necessary is pluck, talent, genius. II
he has a genius for speculation he can
come in with mousetrap, like Jay Gould,
and go out with several million dollars
caught therein. Mr.. White started in, not
with mousetrap, exactly, but 44 cents
worth of postage stamps. He bid for
Government bonds to the amount OF ST.
900, ,000, in which transaction Mrs. White
shared to the extent OF $500, 600; and he
won This is not a new story now, but only
a few days ago Mr.. White cleared up
$50. 900 on another bid of the same nature,
on Brooklyn bonds
MI White is thirty-two years old, and
a Texan hv birth He has been specu-
lating for fully half his life, and operated
in cotton, in the days of his tender youth,
with a liveliness that surprised some OF
the veterans About ten years ago he
married Boston girl, and since that time
has made more money than he ever did
before. Mrs. White has made for herself
lucky bond DEAL though she does not make
any pretensions TO operating on the scale
that her husband does.
Mr.. White is a plunger, and he would
rather risk all that he has in big deal
than TO take sure thing with small
profits. That is why he is a millionaire
today: and that is why he is a stock
broker, and more than all that-for other
men are millionaires and stock brokers'
that is how he got loan of half million
dollars in gold from Russell Sage. Most
men would rather undertake to pry open
the jaws of the Sphinx than TO loosen the
purse strings Of Mr.. Sage But White ac-
complished il by sheer audacity and brains
and suayity.
That is all, except that he runs no blind
pools in this new business OF his on
street where Willard & Co. used to be.
He gives you advice if you want it, and
he deals in stocks or bonds for you. There
is no bucketing in his deal. l like him
because l like his qualities. He shall have
his share of my trade
Everybody on the street is watching the
fine squirt of Chicago Gas. 1t had pretty
fair drop after the I rams Missouri decision,
but has now picked up all it lost and more.
Deacon White, the other washington gentle
man who has made almost as phenomenal
a success in the stock market as Abraham
White, is my authority on Chicago Gas
He has made $40, 900 in the stock since
he began his operations last spring These
are Whites arguments: Chicago Gas i s
wing 6 per cent dividends 1t is now
in the eighties.
1t is every bit S good stock as New
York Gas, which is around $50, and is
only paying per cent. There are large
bank dividends in Chicago Gas, held up on
account Of the legal troubles of the com
pany, which have been earned and are
in the treasury. The legal affairs are
about Strengthened out. Consolidation will
almost surely come without much further
friction. Chicago.is spread out over many
miles and no competition need be feared
from outsiders, because OF the immense
amount that would be required for new
mains for any other company. All this
sounds pretty plain and rather enticing.
White says there is no reason in the world
why gas should not 60 to so, and he ex-
poets it in very short order.
The earnings of New York Central for
the month of March were $3,SO0,0O
The year before in March they Were $3,-
600. 600, an increase of $200,00O. North
ern Pacific's earnings for the fourth week
of March were $533,0o0, an increase of
$50. 900. For the month OF March they
were So, $50, 900, an increase OF $4,000.
For the year to date the earnings of
Northern Pacific have been $14.300, 200,