Arizona republican., 1906-08-30
A POSTAGE STAMP MILLIONAIRE

Abraham White is the newest wizard Wall street has produced whose touch turns everything to gold. The New York papers have given him a place or the front page and are doing their share toward making his name as ia miliar to the public as that oi Morgan and the other big financiers. His dag zling success and sudden rise to for tune ought to bring a large flock of lambs into the street and make busi- ness profitable for all the brokers anl bucketshops.
 White made his coup in the sudden rise of Hartman stocks, and his profits are estimated at $2,O00,000. He made enough money in twenty-four hours to purchase the magnificent summer home of the late John A. Mccall, built near Long Branch at a cost Of over $500, 900, and could have sold the property inn mediately afterwards for $5O,GO0 more than he gave for it. MT. White has re- fused all offers, however, and an nounces that he will never part with the estate, but that after his death will have it turned over to some charitaO organization for humanitarian pur- poses. That is taking quite a look ahead. but MT. White has made history rapidly in the last few days and natur- ally thinks more quickly than the ord1- nary run of people
 Although MT. White has just sprung into notoriety. he has been in Wall street a good many years. a point the lambs who are dazzled by his success should bear in mind. He claims the credit for being the original postage stamp bidder" the man who first bid successfully for United States govern ment bonds with no capital except the price of the postage stamps which car ried his bids 10 Washington. That was ten years ago. Secretary of the Treas ury John G. Carlisle allotted him $1,- 5OO,OCO of bonds which he disposed of at ! a profit of S10O 600.
 I've got a warm spot in my heart for postage stamp bidders" MT. White | is quoted as saying in an interview, and moreover I have proved it. Sam 1 Byerly the express clerk who was i smart enough to put in a successful ! bid for S5.SO0,OO0 of the Panama canal | bonds. won't have to go back to his desk in the express office when he re- | turns from Europe MT. White ex- plained that he has had Byerly elected | vice president of a bond company. a
 new corporation in which he is inter- ] ested, where the expert know edge of 1 bonds he has displayed can be used to !
 MT. White told the interviewer that ! he made up his mind that the HarrI-
 man stocks would have a tremendous
 rise before the end of the year, al- | though he was not in the confidence of
 MT Hartman. He stated that he was | no novice in Wall street and had had
 many ups and downs in the past ten i years, so that he had some confidence
 in his own judgment. He said he watched the market every day for ten
 days before he bought share of stock | Then he bought Union Pacific at 40 when he thought it had touched bot | tom. He has been buying it ever since
 and while he knows approximately how | he stands he was unable to give the | newspaper man exact figures of his | profits, having made hundreds of pur- 1 Chases through different brokers
 Mir. White is 43 years old He was born in Texas and started out for him.
 self in the traditional way at F years
 oi age He had made some money when he came to New York, but has
 always been a speculator, and has mel