New-York tribune., 1904-08-21
GATES LOSES $4,000.
Faro at Saratoga Too Much for
Financier.
ley TELEGRAPH TO THE TRrBUNE-l


ponies" said John A. Drake, "but this is pretty
soft" and he put $3.50 in his pocket which he
had bridge whist. In the game with MIN
were John w. Gates. Ort Welles. Of Chicago
and James Hudson. The bridge whist game was
played in brakes cottage, in the United States
Hotel grounds Drake. Hudson and Welles or
ganized the game They were looking for a
fourth man. and Drake suggested that they find
the big Stiff" That is the name Gates is affec-
tionately known by to his intimates. Gates was
found downstairs having his shoes polished. He
acceded to the CALL and It decided TO play for
81 point Drake won and Gates and the others
lost. After three rubbers Drake. who has been
hurt betting the horses, was $3.50 ahead and
made the comment cited above. Gates looked
| bored, and said
John, am tired of playing tiddley-winks. Let
us go across to the club and do some real gam
bling"
Can1eld's is closed, but there are half dozen
gambling houses open here, and they do thriv-
ing business. Gates Drake. Welles and Hudson
went out of the side door of the hotel to a big
gambling house alongside livery stable.
II don't want to stay up late. John' said
Gates as he went IN. Let us push 'em into the
lake in deal"
Agreed" said Drake and the others, as they
had made up pool. agreeing that Gates should
play and they share alike In the transaction.
The place crowded but Gates elbowed his
way to a chair and said:
Gimme two stacks-S5OOO a stack"
The dealer stopped and the lookout blinked
from behind his eyeshade. The manager stepped
up and said
What is It, Mr.. Gates?"
"I want two stacks-S5 900 a stack and the
limit or said Gates urbanely. lighting cigar
that looked like a policeman's club and pulling
his chair up to the faro layout.
1T is too high" said the manager. We will
sell you two stacks at 81 900 stack with $500
limit or $500 on or doubles
II haven't got the time" said Gates. Make
It $500 a stack and $500 lmit-S1, 900 on
doubles and cases"
There some banter about the play.
Finally the owners OF the club consented and
decided TO give Gates his way. and he put $3.50
on the ace to lose and played $3.50 the four
to the six. The third turn he both bets,
and said softly:
Call out the guard, John. the riot is on
He played through the first deal with sue
cess. great crowd gathered and hung over his
chair-so great that Gates protested. and only
those playing were allowed near the table.
Gates was 5000 winner at the end OF the DEAL
but failed to call the turn on the last card and
lost $500, quitting the deal 81 200 winner.
Eiated by this. he again wanted TO raise the
limit. but the bank declined. The next deal was
no mans battle-irst the bank winning and then
Gates winning. At the close Gates was whip
sawed. however, and his checks all melted
Give me five more stacks" he said "and a
pencil. I'll dope 'em myself this time
Gates held his own In the next deal, but the
next time all the chips went to the bank Then
It continued until Gates was $4,000 loser. Then
Gates got mettlesome.
Give me two stacks" he said $500 a stack
and 1 VIII have $4,000 or lose it on the next
deal"
After some consultation this was agreed to
and dates loose. For three hours no bot
$500 and $1,000 on the turn OF a card. A split
cost him $500 many a time. He stuck to his
work Ike Il major. however. one time he was
$4,000 loser. but finally. after "A deal. he said:
80 long until another time" and got up SIS
After the stools had been pushed back the
dealer yawned. stretched himself over the back
OF his chair. and mumbled. He's a pretty tough
customer 10 deal for. II he had had deal two
In his favor he would have hooked US for $4,000
as easy as catching a lake trout with a net
The Gates party went to its hotel joking as
happily as II was doing when II first arrived at
the club
Joseph Yeager. the spectacular plunger and
bookmaker had a bad time here for few mo-
ments. Yeager Is fond OF Dragging about his
ability TO pick winners. Talking with another
bookmaker. he said:
Il will bet you $1,000 l can pick more win
ners than you can for tomorrow"
Suppose we should each have the same num-
ber." said this boOkmaker.
Then It is u standoff and one wins" re-
Piled Yeager.
An right" said the other slowly. but don't
like the $4,000 idea. Will bet you 100000. II
Will take all my bank roll, but 1 Will stand To
double lose 1T
Yeager protested and argued but was game.
and finally took the card and carefully marked
six horses to win. The other bookmaker looked
at Yeager's selections and then carefully marked
the same six. As one bookmaker said.
"All Yeager got was sweat for his"