File:New York, the metropolis - its noted business and professional men. (1893) (14595761280).jpg

Identifier: newyorkmetropoli00spra_0 (find matches)
Title: New York, the metropolis : its noted business and professional men.
Year: 1893 (1890s)
Authors: Sprague, John Franklin.
Subjects:
Publisher: (New York) : New York Recorder
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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most gigantic kind, andsuch as could only have been conducted by a man possessingphenomenal prescience, a well balanced brain, the jiower ofcool calculation and a su))reme confidence in his convictions.Politically, Mr. W hite has been a staunch Republican eversince the birth of the j)arty. He was an earnest worker forJohn C. Fremont, the first candidate of the party for thepresidency in 1856. Until 1886 Mr. White had never been acandidate for political preferment, but was, in that year,elected to the Fiftieth Congress from the Third Congres-sional District. The achievements of Mr. White duringthe memorable events of 1891-2 are unparalleled in the his-torv of Wall Street. The firm of S. V. White Co. failed,and during the dark days following Mr. White drank deeplyof thecui)of bitterness. The accumulations of a lifetimewere gone, prestige was gone, self confidence was shaken,age coming on, and above all tiiere was a great mountain ofdebt. His associates in those days were humiliation and
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NEW YORK, THE METROPOLIS. 205 distress, but never despair, and through all the gloom therewere gleams of sunshine. Plymouth Church promptly re-elected Mr. White treasurer of the society, with assurancesof confidence and hope doubly gratifying at such an hour.The value of a character became evident. Mr. Whites ver-bal promise to pay when he could was found to be a tangibleasset. Men regarded Mr. Whites word as better than somedebtors notes. When an obdurate creditor was found,there was found also, not far away, some one willing andable to make that creditor sign, and there came a day inJanuary, 1892, when Mr. White could say that he hadnot a dollar of legal obligation outstanding. That greatdebt which had been released from the grasp of the law had,however, only bound tighter uj^on Mr. Whites heart, and itweighed his spirit down. Everything that he touched turnedto gold, but as money poured in he did not forget that hewas only a steward, and every clean-up was followed by thetransmissi

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