El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-05-13
The Acknowledged Leader of
Wall Street Sue
cumbs.
WEALTHY
He Was One Of the Keen
est Spectators In
the Worlds
Markets.

Roswell P. Flower died last night 81
1880 O'Clock at the Eastport Country
club Long Island. Mr.. Flower has for q
long time suffered from chronic gastri-
tis and a severe attack of Indigestion
den death. Though he was at the
Country club trying to recuperate from
his ill health, his mslady was not con-
sidered dangerous.
Roswell p. Flower was born - The
resa, Jefferson county. New York,
August Z, 1885. He was the sixth of
nine ch hildren and early had to begin
hard work on his fathers farm, gett-
ing his schooling as best he could at q
small nearby school. In 1858 he was
deputy postmaster at Watertown,
New York ;lster he went into business,
being partner in jewslry shop. In
1869 he went to New York city
to take charge of the interests of his
un Gle, who owned large railway and
other interests.
This was the beginning of Flowers
Wall street education that he complet-
ed so successfully that in the later
years of his life be WAS regarded as one
Of the keenest speculators in the
markets.
Politically he has been a consistent
democrat. In the early '7O's he work.
ed with Samuel ]: Tilden to expose the
Tweed Ring. In 1881 he defeated
William Waldorf Astor for congre ss
and in 1891 was elected governor of the
state.
Flower was married in 1859 to Sara b
Woodruff of Watertown. Three chill
dren were born to them of whom only
one survives, Mrs. John B. Taylor.
Flower left an immense fortune.
Hi profits in Wall street for the last
year and half are said by good au-
tn critics to have exceeded ten million
dollars.
NEW YORK, May 13.-The remains
of former Governor Flower, who died
last night at Eastport, L. l., from heart
failure, superirduced by an attack of
acute indigestion, we're brought to
New York today on special train, and
taken to his late home in Fifth Ave-
nue..
Overworkf in attending to his vast
fin ancial interests which recently have
cl aimed his constant attention is be-
lieved to be in great measure RESPONSE
BILE for the illness to which his death
was due.
NEW YORK, May 13.-Seldom does
the stock exchange experience such
slump as came this morning as result
OF Roswell P. Flowers's death. There
was wild scramble at the opening to
d ump stock at any price, causing de-
cline averaging from to Is per cent. !
Flower stocks were most prominently |
affected. After the first few minutes !
trading there was an effort to rally |
pric es which in part succeeded.
CHICAGO, May ay!13.-There.was con-
siderable excitement on the local |
stock exchange this morning. Nation
81 steel is great speculative stock. 1t
found plenty of support, however, and |
the decline from $50 to ,S4S was follow
60 by slight recovery. Biscuit
tr ust common stock sold literally de.
cl1nlng S4. but recovering half of the
loss.
Stocks opened with decline in the
irst half hour extending from 1 to 60
per cent, the latter in New York air
brake. All Flower stocks howed q
heavy. decline as a result of the sudden
ieath Of the great financier.
After the first half hours trading
he market became somewhat more
ettled and fluctuations were confined
Within narrow limits. London bought
heavily during the slump and support
ng ordors for Flower interests heIped
o brace the market Il
Governments unchanged.