New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-19

AT s o'clock tomorrow evening. The Rev
Or Newell Dwight Hills. pastor OF the
church. will officiate. The burial will Re
private in Greenwood Cemetery on Tues
DAY
A Descendant Of Cromwell.
Deacon" Whites career was fun q
vici.situdes He was native OF chat
ham County. y. G.. where he was born
on August /. 1871. Ills mother. Julia Brew
er was a Iineal descendant OF Oliver
Cromwell and a member OF an old North
Carolina family. Ancestors of hts father.
Hiram White. were members OF the So
cicty OF Friends in Pennsylvania, who
moved 20 the South after the Revolution.
In 1881 the family. beins hostile 10 slav-
cry moved TO Jersey County. Ill, ard
stephen spent MS boyhood In what was
then q wilderness. His first earnirss
We're by the sale of furs from animals
caught In his own traps. Being gradu-
ated from Knox College. In 1874, he went
10 81. Louis. There he worked as
bookkeeper in a wholesale store. studied
law and was admitted 10 the bar On Oc-
tober :. 1856.
White practised his profession with sue
cess In Des MoineS, Iowa until $50. Then
he came TO New York and with Charles
Il. Marvin established the sock brokerage
and banking firm Of Marvin q White.
which failed two years later Mr.. White
paid all hts debts Joined the Stock Elk
change m 1859 and went on alone until
1852. when the house OF s Y. White Co
was organized. with several partners.
Meanwhile In 1872. there was another
misfortune. another recovery of lost
ground and fun payment Of debts
Failed Cor a Million.
Few houses have been more prominent
in Wall Street than ths one Its opera
lions IN stocks were enormous. and Mr.
Whites own operations were for long
period among the most daring and sue
cessful IN the Street one famous opera
ton in I.ackavanna stock alone made him
rich man.
I'm 1891. however be failed for $1,000
and the ensGinr year was one OF great us
trcss for Mr.. White but ne resumed ousi-
ness with 5000 capital being released oy
his creditors. who accepted his ora prom
lse 10 pay in lieu Of bond. In nv MI
White made another fortune and AFTER
having every debt in full found himscH
again with an Independent fortune.
when Mr. White first came TO New
York ne attached himself 10 that group
OF brokers known as the Coal Ho!ers'
or "Onen BOARD Of Brokers" which In
tho sos convened In a basement in Will
lam street II was related that MS h'St
notable haul came after the great Uni
cago IRE, I'm October, lsil. There were
no telephones in those DAYS, but MI
White cot a Tin from a friendly tele-
graph operator and cleaned up ABOUT
800 00 bv selling short Always when
relating the story, he would remark.
felt Ike ghoul'
After Mr. White had made fortune IN
Lackawanna and with the stock selling
around 1870. he was regarded AZ wild
on,irist FOR predicting that one day II
r,orId soil AT 30 He lived 10 see II sell
al more than oCo.
The Deacon" was on familiar terms
with II. B. Clanin Thomas h. Reed. ID.
r Henderson and men Of Ike prominence
outside Of Wall Street In the street ne
was on cordial terms with Russell sage
Law Gould. Cyrus ". Field and Addison
Cammack
An Amateur Astronomer.
He was a good Greek and Latin scholar
and An enthusiastic astronomer having
an observatory In the rear OF his home.
In politics Mr.. White was a Repuoli-
can. and he was elected TO Congress IN
1856 He was receiver OF the Grocers
Bank and the sugar trust. and MEM
Der OF the Union League. the Lincoln the
Hamilton and the Brooklyn clubs, In
BROOKLYN. and Of the Lawyers club or
Manhattan lie sold his Stock Exchange
seat In 1902.
In 1857 he was married 10 Eliza NJ
daughter OF Hiram Chandler. and leaves
a daughter, Mrs. Jennie Chandler Hop
kins. and a SON. Arthur White.
There was much comment In wall
Street over the deaths OF White and
lanes r. Keene coming so close together
They were the most prominent survivors
of the old school OF brokers.