Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1901-05-18
IN GAY NEW YORK.

IN GAY NEW YORK. }
"Moretti's' has served lis last meal.
| The old restaurant on East Twenty-frst
street is closed and the auctioneer will
sell out all its furniture and equipments
to pay rent now due. Stephen NIoretti.
the aged proprietor. as he packed up lei
! tiers from prominent men and other keep
sakeS. with tears in his eyes. told Of his
| descent from being the possessor of near
| ly S1.O00.O0O in cash to. as he said THE
| door of the pauper house" H says he
| Is absolutely penniless, yet in his day he
| has entertained men who have been Pres
idents of the United States and others
| great in every walk of life. both in this
country and abroad. Chester A. Arthur.
| Henry Ward Beecher, Patti. were a few
! of the names he mentioned as
| those who had sat in the now empty
! and desOlate rooms. The place was IA
nous for its regular dinner, the bill of
| fare for which never changed. day af-
| ter day, year after year Its proprietor
was famous for his skill III preparing two
! diShes-spaghetti and mutton kidneys.
| He was democratic in his manners,
| never insisting on the sole possession Of
| the kitchen. like many noted chefs. 1t
| was his boast that he had no secrets, and
/
| really pleased to have people watch him
| while he was preparing his dainties The
! old man was for years a familiar figure
| in the markets, where he never appeared
! later than y a. m. and where he always
! bought the very best that was to be had
| Stephen Moretti is 70 years old. native
] of Milan. Italy. He came to this coun-
| fry in 1852 and obtained work as a gen.
eral utility man in the then famous res
| taurant Of William ODonnell. at Third
! avenue and Fourteenth street. He saved
! his earnings for five years and then
| started for himself in the neighborhood,
and fifteen years ago he moved to the
! place which is now to be sold. a hand
| some brown-stone building, for which he
| paid $1,000 a year rent. Ill-health. adj
/ vanced years. and a growing habit Of
| leaving business details to others are the
causes to- which he ascribes his present
| distress.
The Earl of Yarmouth's libel suit is
! causing a lot of fun. One days session
was devoted to an attempt by the defense
] TO prove that its allegations about the
earl being a bad actor and not worth -
cents" were true. Edwin o. Christy
was placed on the stand as chief wit
ness for the defense. Apparently his tes-
| timOny was of an expert nature for he
| was asked as to the earls reputation as
| an actor. Christy replied that he was
worthless and tiresome," and then pro-
| ceeds to have some fun with the males
| tic Mr.. Humme. who appears for Var
mouth. The defense believes it will
make a great point in proving that after
| his failure on the stage the earl sold bull
pups for living His ''ludShip'' does
not deny this allegation. At the present
| there Is a lot of money in bull pups, and
I if a belated earl needs the money why
not There are some people so unkind
| as TO declare this libel suit is but the
n I'M f..1s. 80 1.psr,r
| The Northern Pacific corner was the
| first squeeze in big railroad stock that
| Wall street has seen in many years.
| Thirty or forty years ago corners" were
| common. Commodore Vanderbilt figured
| in the first notable corner in Wall street.
| \ clique of hears started in TO sell New
! York Central and pushed it down while
| From III he bid the stock up to $50
! and $4,000 shares had to be settled for
at that price. The loss to the bears av-
| eraged $6S0O for every 100 shares of the
! stock. The corner in Harlem railroad
| stock. also manipulated by the cOmmO-
] dore added many millions to his for
! tune. Like the other. he was forced 20
make the corner 10 protect him
| self. The next year. 1864. the men,
| hers of the Legislature tried to smash
Harlem. They also had to pay for their
! fun. Iunumerabe corners were worked
ON Erie with Vanderbilt on one side,
| Drew. Fisk and Jay Gould on the other.
and in several of them the commodore
/ had a narrow escape from destruction
! In one of them. when Vanderbilt was
| buying up the stock. it was fed To him
as fast as it could be printed. On this
occasion Jim Fisk said: IF this print
! ing press doesn't break down I'll give the
old hog all he wants of Erie" The last
corner Of note was that engineered by
! Thomas F. Ryan, William c. Whitney
I th.ps 4h., IL u
when Third Avenue railway stock was
! hammered down 10 below 80 and when a
| lot of shorts got into the market was
! boosted to 10 in n few days. James X
| Keene lost several millions in the Third
! Avenue corner.
At the Office OF Whitley Warren. ar
| chitect, it was said today that John
| Jacob Aston is 10 build a roadhuuSc ont
near WilliamSbridge The designs have
| been made the site purchased. and even
the manager has been selected, although
the house will not he completed and
ready for use until the spring Of 1902
| The house will he on the road from the
! WilliamShridge railroad station to the
Morris park race track, aua will he to
the other roadhouseS in POINT of SPLEEN
dor and perfection OF equipment wha.
the Waldorf Astoria is to the ordinary
run of fine hotels. There viii be over
thirty suites Of apartments. and every
thing in the way of verandaS and ont
side surroundings that the best artists
skill. backed by unlimited money. can
produce An uptown hotel man said yes
tcrday thar inaSmuch rs the As;or> had
gone so heavily into the hotel business
il was not surprising that they were
giving attention to the roadhousc fea-
lures Of the business.
To the pastures of the Stock exchange
are fiocking now iunumerahle lambs. II
is 4 legitimate bus ness. trading in stocks.
in the sense that il is not illegal. and 50
the "shoeString spectators. the small
buyers on margin. who hope to sell out
later AT a handsome profit. are in Wall
street by the thousands. And the bucket