The herald., 1898-02-28
Mr.. Deacon's Request
444+444 44+4+A+44++*+4i
TO sPEcuLAToRs
CARD


In 1892 my creditors by consent released
me from 5000 900 debts and allowed me t
keep s250,OoO with which to work. Before
December 81 of that year I paid them II
full, with interest, and still had the $3.50.
000
While outside of the exchange. from {
failure precipitated upon me wholly fol
account of others, in the cataclysm o
May 8, 1893. have paid over $500, 900.
l believe 1898 promises as well as die
1892, and that any time will be as good as
were the years 1893 to 1896 inclusive.
l desire correspondence with spectators
who may form a syndicate for trading ir
the New York stock exchange.
l do not want money which cannot re-
main, If / so desire it, till December 80
1S99
l do not want money which may be sent
to me on the theor. that the speculations
will be as safe as government bonds, and
will pay hundred percent per. annum
That security and those dividends do not
go hand in hand. If they did should not
now want to form a syndicate.
/ do not want money from those who
believe l am sincere in the statement that
estimate that the chances are two to
one that they will get back their money
with some profit, and that the chances
are much more than one to two that they
will get it back more than doubled.
| want money from those only who are
sufficiently accomplished thoroughbreds
that they can take a loss without depres-
sion and profit without exultation. Ad-
dress S. V. WHITE,
No Z Wall street New York.
There is just one man in the United
States who could issue that sort of a
financial call and make 1t good And that
man is the parsonage who modestly signs
himself S. V. White.
S. V. White is the Deacon" Not to
have known him or something of him is not
to have known the financial history of the
country. for he has been a conspicuous and
picturesque figure in Wall street for thirty
years. Long long ago White drifted into
the maelstrom of the street and began
operations as a banker, with the single
motto, MY word is my bond. and since
that day the cleverest financiers In the
street have had reason to know that in the
midst of them was at least one honest man,
who could keep his word in the face of cir
cumstances which would have appalled,
the ncrviest operator in the famous little
alley.
Deacon" White is a medium sized quiet.
kindly man. who lives in Brooklyn. He is
a church member and patron of art. He
is an amateur astronomer, and when he
is not regarding futures in Wall street he
is gazing at stars over the Brooklyn house
tops. He dabblcs i'll stocks and wins and
loses fortunes. Then he goes to his church,
buys the most expensive pews. and is duly
religious. Hence the title of the Deacon"
And White will get that money for which
he is advertising in the financial papers.
He will get it because there are people who
know he is honest. He has had chances
to pull his freight out of Wall street and
leave the world a half-million to the bad
on account of losing him. but three times
in his career he has declined to run away
when the fight for his business existence
was on, and three times he has come out
of his troubles with honor.
Incidentally, White is not New Yorker.
Like most of the sturdy characters of the
street. White is country bred He was
born down south, in one of the Carolinas
His father had some grit before him. for
when the southernerS wanted him to do
police duty and watch runaway slaves he
promptly and somewhat forcibly declined.
and was run out of the state because of
his unconventionality.
The man who is now stirring up Wall
street with his original methods was then
a lad in arms. not old enough to know the
hardships of a journey through the forests
of Tennessee and Kentucky and on across
the rivers into Illinois. In a backwoods
cabin he first began to sit up and notice
things, and he made his first dollar as a
trapper in the then new country.
One day church elder offered to educate
the boy. who was trapping beaver and
making himself useful in poor household,
and the Deacon" received as a matter of
charity the rudiments of training which
has since been so profitable to him.
In time White got to St. Louis, which was
good deal for a country boy to do in
RI do vc tl1a 10
into lawyers office, read things, wrote
things for the St. Louis papers. and finally
became a law partner of Brown, the candi-
date for vice president on the ticket with
Horace Greeley.
Iowa was just budding into a state and
White took whirl at the new country. He
became the most successful lawyer in the
state and made money fast. SO fast that
he began to look toward New York. His
looking finally brought him to moving, and
in 1896 he quietly opened up business in
Wall street under the firm name of Marvin
G. White. Marvin has long since dropped
out of the running, but the Deacon" has
made three fortunes, failed three times
and established reputation as an honest
man, which is something more than an
ordinary career.
Those failures are story by themselves
White got tangled up in a corn corner in
1891, and a combination downed him foI
half million. He, of course, lost his seat
in the exchange, but he sat down. figured
out a few things in connection with Della.
ware and Lackawanna stock, and in few
days won back all he had lost in corn, d.
vided a million dollars profits with Jay
Gould, who gave him the tip, bought back
his seat paid his debts and went smilingly
to church the next Sunday as il nothing
had happened to disturb hts serenity.
And then came that hard time in 1893
when stronger men were going down in the
wreck of financial matter. White was
in Cordage this time, and they caught him
for just short of a million. He went to
his creditors, calmly told them he was
broke, asked for a quarter of a million and
a little time and, strange to say, got both
He worked out his troubles with little
matter of wheat, paid every cent of his in.
debtedness, climbed back into his exchange
seat, and began doing business again at the
old stand.
And this man whom Wall street loves ant
trusts is again in difficulties, and is ad
vertising for clients with money. He will
get 1t, too for the man who was trappel
in Illinois, a lawyer in Iowa, churchmar
in Brooklyn, an astronomer for fun ant
a genius by habit, is honest. So he will
find cash for his operations, will probably
conduct them wisely after his kind, and
the clients will suffer not at all for theii
confidence.
But there are other men in Wall street
not as the "Deacon."-New York Journal
->>>-
New York's Vacant Sky Scrapers
One of the expenses of building to be con.
sidered in the future is the cost of illu.
mination, If the plan adopted now in some
Of the uptown buildings is followed. The
lights in at least one of them are all turned