New-York tribune., 1900-05-25

rating at Bradstreets, which $4,000 to
s1,Ooocoo capital and second grade of credit
Theodore H. Price. the senior partner is Vir-
ginian. and is young yet. He is credited with
being the broker who first used private telegraph
wire for his business. He early identified with
cotton his first firm being Eure, Farrow & Price.
of Norfolk. His second Price Reid Co.
dozen years ago Mr.. Price removed
to this city. where he formed with S. T. and w. c..
Hubbard the firm of Hubbard, Price & Co. 1t was
while he was connected with this firm that he in
troduced the private wire idea. and built up large
commission business thereby. The firm split up in
1895, and Price Mccormick & Co. then came into
existence. Recently Mr.. Price gave a dinner for
his partners, employees and branch office repre-
sentatives. and they numbered about two hundred
The payroll of the firm a big one and it's
Offices at No 20 Broadway among the most
spacious of all the brokerage houses In the financial
district The clerical force the downtown office
numbered over hundred including a dozen
telegraph operators in charge of the firms private
wires which extend to every section of the country
Altogether the firm had over thirty branch Offices
somea If these being in Hartford, Poughkeepsie
Utica. Trenton, Newark, Baltimore. Pittsburg Chi
cago, Syracuse. Albany. Philadelphia, Portland
Me.r and several Southern cities 1t also had sew
eral local branch Offices.
In addition the firm maintained an elaborate
literary bureau" sending its market letters by the
thousand to every section of the country and
Canada. Outside of this city the firms largest
business is said to have been with Chicago Dis
patches received in this city from Chicago said
half the private wire houses there had claims
against Price. Mccormick & Co In the main these
claims are for margins deposited with the New
York house.
George Crocker, the special partner is a son of
b res TP1cRed' i' one OF the famous founders of
was was mighty IN M the railroad and financial worlds
family power prestige and exchequer to George gee
who, though born in California, has always been a
before the public His wedding in ST. Thomas's
Church in June. 1894, followed by reception at the
a ny ciaT ffoir
His real estate transactions have also been much
discussed especially when he filed plans for
Pogf nd SI acres d oL land in one plot at Hunters
fourth-st and Fffth-ave. as a site for his civ
the Southern Pacific Railroad and few Years rs
ae0Dnn Df1e al all records FOR quick trip the
Caidfornia oaad and George SKINNED from ocean to
order tn tn eT sPeGsi G train IN less than four days in
to several fashionable clubs. He is in Italy at
,bN 3dd McG9rmick Corn has extensive following in
family of that name celebrated as manufactnTeIe
81 f Teapng ana moving machines, and is a nephew
NJ stuart WoTpey iPS F'HHGG5 is an Englisbmsn and
Iy6i s2n-in;laT a; & Of RearAdiral W S. schey and
MI MI Stu st99a;rt-Wortley went to Europe few week:
expected here within the next day or two 0eiis
., Cntli few months ago Bernard j. Harrison was
said, because of iii health ' 'e''reu' 1t Is
gear the or os so ago Price McCormck Co were
stock Exchange. With the recent heavy shrinkage
anG acv aRongb h2Rss lost t much Of its
90 large commission business. Two members of
me nrn,, Mr. McCormick and MIR. Stuart-Wortley
are are members Of the Stock Exchange but the latter
Gas,,td Gas the more more active Board member Price Nc
Soffnlck d. Co We're also members of the Produco
Exchange and of the Chicago Board Of Trada oe
:. Price Mccormick & Co in 1898 issued two or
Innree circulars TO stockholders of the Hanover
ERE Ere insurance Company. criticsing its manage
fnent ana suggesting the calling of a stock boid
ers meeting TO consider the question of IioTGatin
, the corporation. A meeting held but the
stockholders 1 by heavy vote sustained the man se
aagement and rejected the proposal of Price Nc
GtornAck q Co, who offered TO pay 200 per cent a
snare Tor a controlling interest in the Stock " "
, IN the same year offer was made to the stocl,
hoideTs or the North American Insurance Comnap,.
OF Sleo share for controlling interest but noth