The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1883-06-11
TOO MANY IRONS
In the Fire and No knowledge How
to Use Them---Haverlys
Case Summed Up.
How the Chicago Manager Runs
business Banking ON
an Average.

c.rr,e,.,, or, f,,a n IT,, n..I,,o los +l,a
llG-, -. az 49, e.a,.a;aI
a;ssas,t,s af No.. I n Haro,.l,- tn
- ',,,.;at, 81 -, - -, -
49, 49,. a.45 eIaa, rIa,o,.,,,
I,-ho bos haer 1o,,,;nqg,,- ,1iotnra5 mon The
5aad I'll, ,.;Ii,r, ~ 4be haad ~ Lone train
If ,,,ast,1ors sitti,,o- in bis chico boldino
St;no gli,,o u, s,s1,, f theatres fFxy;nf,
cloud of balloons each labeled with the name
of one Of his manv ventures has dronned
the reins. the horses have run away. smash
ing IN their eouipapes. and he has been
pitched ont haadlong. as MIGHT have been ex-
pected of driver who tried to hold more
reins than one can take in his hands. and who
did not know his horses nor where they were
going.
Jack Haverly was identified financially,
somewhat by cash but mainly by credit.
with a heterogeneous list of ventures, not
one of which did he understand intellipently.
not one of which could he manage with iudp-
ment. not one of which bad he ever talsen IN
with the assurance based ,inon business like
investigation. that it would WELD a nrofit
upon the investment. It is no mystery that
he smashed The mystery is how he suc-
ceetled in getting the credit with which tn
fight the Chicago Board of Trade ON borrowed
capital. He plunged n Quarter of a million
| or more into holes in the oround in
deceptive Colorado and the mythical San
Imam He honobt a trottino nori opd +rot
ting horses. He had theatres in New York
BROOKLYN. PHILADELPHIA Chicago Sam Fran
cisco and other nlaces He had minctrol
companies small onara co,ononioc Of ro,.;n,,s
descrintions and dramatic communities ond
variety companies ~ ali Li,ds ,,,,d;, tho ,.oaa
And not content With al taso ,,nrt,1,s ~
nursuad tba nokar' taIJe ond +ho fa,., bo,,I,
with unflapoinq zest and ipdnstrv foy in +h;s
kind Of business he was 10 tbo n1onnor Lo,,,
The hoord of trade hos s,yoiio,,,ad ' hi~1,,,.
mon thon asJacln uara,.,,- al i hi
difticultv in l,olti,c him H. C,DlaroaH "a
Son Jna, chasn,s fool on he oo,IJ mt -
them and kent If The trottino, nah oh
sorhad thousands. and ,avan he fa,,or;to
trotter Tropbodor voe foi+hlass ,,;,,st,.o1
in leaeue with an tba otbe, ola,oo,,ts orais+
him If one Theatre mazda monav onothar
| spnL more o,d tho,vb ,~,r,,o+;,,a, l. -
LITTLE advontaga If TIC +i(,a +hat
and nat;ant onimol nod 6;,,, i, ~ oI,'taLao
the moot of +bo +in,o II i ~ 5;eia',It -
And tbo corsos 81 foi,Iro IT, !. 49," 20 "
oI,o mo-, 80 ho,,o . pSie CIV, iol
IT -. :. .''liy lioli. ~ ',ie iile as
~ ~ - UlaV Nc snouo
Nno" Soine'tiiis aoou' Une IRE ana che IRONS,
'iiO nv" W use Clieil, haVefiy knew hoIh-
my vi 'iilS' III an us schehleS not one OF
'ne'li was oohuuc.eu ie9lVihlaoeiy OF on sVrlct
oi even loose business principles. lie knew
noVnllle ABOUT business ne was incapable OF
IAN, ,S'Nils business sciielIe' cooiiy examining IT,
ing ~ ouG oii coiilllieEclal prIilcipies' ana
W PIaii,ihs success upon reasonable OASIS
ne Pluiiseu III recklessiy ana snapped at
ever Vhins Tlla' was onereu MN without
question lie dazzled the IMAGINATION OF
shougL'iess people, by Judieious adVertis-
niS' "il,cn was plahheu Dy some OF MS Skill
lui eillployes' by constant ltefatlon oil ms
name ana Dy the laVlSn aispiay OF ms portrait
al over Vne country on pillDoards' ne man
a8eu 10 achleVe feputatlon Tor adroltness
ana aplilty Whlch he never possessed, and to