The Providence news. (Providence [R.I.]) 1891-1906, 1901-05-09
Ex-PreSident Cleveland Reported to
Be a Big Winner Through Boom
in Northern Pacific Shares.

New York. May s-Former President
Grover Cleveland made $4,000 by the
skyrocket fight OF Northern Pacific, ac-
cording to a group OF stock brokers who
I'm the smoking room OF the Waldcrf-As-
toria last night were discussing Wall
street matters.
According 10 them. Mr.. Cleveland
bought a considerable block of North
ern Pacific outright year ago when the
stock was selling In the forties.
He made the purchase. II is said, on
the advice OF his former secretary of
war Daniel s. Lamont. who is vice pres
ident of the Northern Pacific system.
Mr.. Lamont soon after he became con-
nected with the Little Nipper" property,
advised many of his friends 10 invest in
the stock. and bought large block OF
Il himself when it was going begging in
he street
Mr.. Lamont, II is said. has made more
than 100000 by the phenomenal rise in
the stock.
william c. whitney. who was also in
Mr.. Cleveland's cabinet. and Thomas f.
Ryan, his associate in street railway
ventures, also made lot of money out
Of Northern Pacific. according 20 the
brokers. Th.y got In on Union Pacific too
before 1t began its remarkable upward
flight.
e. c. Benedict, the banker and CLOSE
personal friend OF Mr.. Cleveland, has
made immense sums out of steel stocks,
according 10 the brokers.
TAMMANY LEADERS AHEAD,
Nearly every Tsmmany hall leader OF
prominence. IL was said in Delmonico's
by the brokers who gather there night
ly, have made large sums by following
the advice OF James r. Kecne.
Richard Croker is credited with having
cleared $4,000 on tips from Mr.. Keene.
state Senator r. II McCarren is said
20 have cleared up 100000 on advice from
the same source.
In Delmonico's last night the brokers
told how ex-Congressman jefferson NJ.
Levy begged all OF his friends on sun
day night 10 buy Northern Pacific. which
closed Saturday at 40. Mr.. Levy bought
immense blocks of IL himself, Mr.. Levy
profits within the last few weeks are
said TO run into phenomenal figures.
Two out-of-town statesmen credited
with having made lot OF money by the
jump m Northern Pacific are ex-Gov
Hogg of Texas. and ex-senator Petit
grew. of North Dakota Roth of them
are close personal friends OF James j
HiH. and on his advice. IL Is said. pur-
chased several thousand shares Will,
the stock was at comparatively low
figure.
MANY POLITICIANS WINNERS.
Many politicians are said To have pro
fited by following MIR. kerne. Some a
the biggest Of these winners mentioned
last night were Ex-senator Jacob A
Cantor. ex-I.ieut. Gov W. r. Sheehan
Maurice Danenbaum. W. Il. Crerand
ex-Pohce Commissioners James J. Mar
tin, John r. Carroll Patrick Carty. Loui
Rosenthal and Charles r.. Morse. OF tn
Ice Trust Their winnings range from
$1,000 20 200O00.
MIR crerand Is TO celebrate his sue
cess in the street" BY giving n dime
10 other members OF the "keene crowd.
The banquet IL 10 be one Of the mos
gorgeous ever given IN the city.
A man who runs bucket shop 4
New street entertained the Waldorf AS
toria crowd laft night with soma storle
concerning ,he extent OF the speculativ
sraze. ON Friday last. he said. sn elevs
Tor boy In the building where he has hi
office wanted 10 buy "a dollars wort
81 Northern Pacific" -Four char wome
dubbed in together and raised - whic
they wanted 20 invest IN Union Pacihc'