The people's journal. (Pickens, S.C.) 1891-1903, 1901-05-23

investment through local brokers'. A
OF these pools have been wiped out
a young woman III the treasury dc
partmcnt, who recently inhcritc
IS, 900 through life insurance polio,
put it all into the stock market. Tic
profits amounted to about SD 900 II
to Tuesday evening. The drop i
stocks on Wednesday and Thursda
cleaned out all her profits and he
original $5 900.
James G.. Blaine is a wcll-know,
spectator in stocks. Within the pas
year, 1t is believed, Mr.. Blaine ha
beaten the market for something up
wards of $350,000. Mr.. Blaine is
conspicuous figure during market houl.
at a wcll-known stock -jobbing house
on f Street in this city. When he is
not playing the stock market busipc css
ne Is usually found IN ali automobile
with Miss llitchborn, to whom he will
DC married June 18th. Mr.. Blaine is
referred TO incidentally for the reason
that he was "caught short" OH North
ern Pacific stock on Wednesday for
&125 900.
There were others who figured in
the Northern Pacific deal i'm Washitr
ton. One Of the men said to have
been specializing on Northern Pacific
stock was no less Il person than
William Mckinley, President of
the United States. His agent is
also distinguished politician and
statesman. Marcus a. Hanna, of
Cleveland, Ohio, United States Scna-
tor, and the maker of Presidents, was
the man who handled President Nc
kinlcy's money in this stock deal, and
not only lost it, but, it is believed, two
or three hundred thousand dollars
which he personally invested.
There are others. Some DcODlc
who seem to know about the crash in
Wall Street think that Secretary Gage.
of the Treasury Department, invested
quite bit of money and lost. 1t is
further stated that the "tip" given the
PRESIDENT, and others under him in
official life, was furnished by Daniel
Lamont, at one time private secretary
to Grover Cleveland, and after that
Secretary Of War, and at present the
man in charge of the Northern Pacific
Railroad. These matters are merely
mentioned to show that 0ttimcs Pres
idents, Cabinet members and others
fail to get the right TIP on the stock
market.
Not long ago former Senator Petit
grew, OF South Dakota, who is now
employed as an attorney by James +.
Hill, the railroad magnatc, made in
Wall Street, so it is believed, upwards
OF $500 900 III two days. MIR. Petit
grew, it will be recalled, prdcs him.
self upon the fact that he is an anti
trust man, an anti-monopolist; and
while in the Senate frequently declared
that the people Of the country were
being robbed continuously by Wall
Street brokers.
In view of the fact that MIR. Petit
grew left the Senate without his own
consent, he dabbGd in stocks, suggest
Ell by Mr. Hill, and made quarter of
a million dollars within very brief
period. Mr.. Hill, the man who
tipped MIR. Pcttigrcw, dabbled
little bit himself just previous to m
forming Mr.. Pettigrew that there was
money in investing in the Northern
Pacific Railroad. Now, as to Mr.. Hill
today, with the exception of j. Pier
pont Morgan, he has made more money
in speculation than any other man in
the world. II IS well known in the
West, if not in the East, that he clean
cd up four millions Of dollars within a
week in Wall Street. The Wander
bits, the Goulds and DR.. Dcpcw lost
this amount. This is history in New
York and is well known among lnan-
cicrs all over the United States.