The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-12-20
sss-
WON A FORTUNE
ON WALL STREET
Remarkable Record of. 0. Payne
aYoung Georgian.
MILLIONS AT HIS COMMAND
Left Atlanta Three Years Ago With Only
$3,5oo-Y Young Brother of Thos.
B. Payne Former Resident
ofthis City
MILLIONS AT HIS COMMAND

New York, December 19.-(Special.)-It
has been many years, a quarter of GEN.
fury perhaps, since a greater disturbance
and furry in Wall street was recorded than
that which has been on since last week
Whatever the cause, whether American To-
cal disturbances or the Anglo-African war,
the results have been out of the ordinary
Tremendous in fact. Fortunes have been
made and lost within the space of minute
The Broadway National, of Boston, went
down, with no suggestion of such a casual
ty, while the Produce Exchange Trust COM
pany was disrupted quite as Unexpectedly
in New York city yesterday. These and
many minor disturbances have taken place,
while on the other hand, immense fortunes
were making on the toboggan slide princi-
pal through the influence of the bear
element.
1t would require a volume to tell all OF the
transac tions as to who has lost and who
has won, but prominent among the latter
there stands the name of young southern
er, a Georgian, ]. Overton Paine, of Allan
ia, who is credited with having won ire
mendous fortune within an incredibly short
space of time.
Mere Youth
Young Paine is scarcely 80 years of age,
and yet his aggressiveness and daring as
bear have won him millions within night,
SO to speak. He himself does not know MS
own worth except by estimate. Some nave
estimated his pile as large as ten milhons'
others think two million dollars sufhcieht
tic cover his present wealth However, be
this as it may, he is today the sensation Oh
New York. and is doubtless already well
heralded over the union in his capacity as
millionaire.
This mornings New York World con-
tanned a large double-columned portrait OF
Mr.. Paine, following which was this state
ment: ..Wal street is dazzled by new
star. If stories current in the street yes
terday are true he has pocketed cool
81 900 900 in the last few days, and his nerve
and luck have rarely been exceeded IN me
history of the street. The lucky man Is
]. Overton Paine, a broker who has offices
at 60 Broadway. He also has offices In
the Consolidated Exchange and at Broad
way and Thirteenth street. He was little
known in the street up to a lew weeks
ago. His daring operations as bear
brought him first into notice. Ibis hrst
winnings it is said, were on Brooklyn
Rapid Transit, in which he dealt heavily.
During the recent bear movement he was
one of the most active and successful men
engaged in it. 1t was said last night by
one of Paines closest friends that he has
s. 900 600 to the good since he first appeared
on the street three years ago.
Nice Days Profits
'At the close of yesterdays business
Paine received a check through the New
York Clearing House association for $685.
1881, representing his days profits. A
week ago yesterday he received a similar
check for $3.50, 921.91. His luck has come to
be regarded as phenomenal and nearly
every move he has made he returned HIM
self handsome profits. Paine is less than
80 years old, and three years ago he came
to this city from Atlanta, Ga. He had a
| capital of $500 and letter OF introduction
to James Swan, the cotton merchant. His
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