New-York tribune., 1896-11-22

Suusnhent IN financial enterprises has been the
IL; @ Vi MS successful deals and combinations.
;n NPeiIence In organizing several companies
g., e., -,No.lIhsham convinced him that judicious
hahi ~ liooNloter with ring of large capitalists
heron Il! MN couI3 make an immense fortune He
pesdh 10 buy Humber shares when they were
quv'eu al Ji2. and before long they We're market
apIe u, -i'2. Having secured control of the com
tn! ~ ne reorganized ii and made $3.50 600 out of
one ueai with cirIe Of financers behind him
controlling between f1J.o0O.UOO and go 900 600.
ne Went from ore large operation to another.
anu anu nnaHy astonshed England with the Dunlop
nv une zeal This transaction he describes In
I"ehty-one words: Il bought Dunlops outright
ior .h[ee millions, sold them to the present com
TanA LOT nVe. and now they are worth seven"
Iia'ihg carried out this immense transaction
anu shared the profits with his ring of capital
ISIS, ne entered into negotiations with another
t2OO0,0OO.
STOCK PROMOTERS PRINCIPLES.
The best account of Mr.. Hooley's extraordi-
nary business operations is given by himself in
the columns of "The Mail" the most enterpris-
ing or the new journals in London His prin-
clples or action as stock promoter are two: II
always mind my own business and look after it
we'll Then l never touch anything that is out
OF my own line. / confine myself to those things
whlch i know. and act on my personal knowl-
edge alone. If he had secrets he would need
TWO hundred clerks to keep his books He does
not make any mystery of his projects and de-
votes ms energy to one of them at a time, tell
ing everybody that he expects to arrange
prohtable deal He considers that the stock
promoter is entitled to mis- profit, and that his
money is as honestly earned as that of any
otheV man When farmer buys COW of me-
ne remarks. cuts ii up and resells ii at higher
rate thar he bought. he is entitled to make
what he can; and so am | when buy and sell
company. l buy. say, for two Millions and
sell it for two and half and l tell the public
stralght out that am going 10 make something
for myself out OF the deal
fcfn clr he {c kpn1
among his admirers is still on the sunny side
or forty. ana is not known TO have any Of the
ordinary tastes ol vices of monaires. lie
makes deals and financial combinations from
sheer excess of inte!lectua! energy He has the
weight of millions OF capital behind him and
the prestige Of uneXampled success as a finan-
cer. and so he goes from pool TO an
other while investors are fairly tumbling over
on@ another in their eagerncss to come into
touch with him and to obtain share of the
profits of his various syndioates and under
takings. If he has any ruling passion 1t Is that
of buying land on an uneXampled scale. Within
a short period he has purchased dozen or more
great landed estates in England. such as Lord
Ashhurtons Wiltshire property. the Kadwinters
holdings in Essex. Papworth Hall in Camhridse-
shire. Woodthorpe Grange in No tinghamshire,
Amner Hall in Norfolkshre and the famous
Traf1ord Park. which the Corporation OF Man
chester could not make up its mind to buy as
a recreation ground. He thinks nothing OF
making cash offer for an estate of 10000
acres and has a general theory that land in
England is now very cheap, and that II Will rise
IN value neiOre many years. certainly, II H'
continues his present course as land -grabber
there will he a corner in landed estates In a
decade.
With illustrations such as have been citing
Of the recent exploits Of English piutocracy. And
of the sOrdd avarice which seems 90 rerm"at"
the social atmosphere like the November fogs OF
London. il is not perhaps. wholly unreasonable
to assume that British ccnsors Of American in
stitutions and tendencies do not mean their
Trades about the putocracy Of protectionism to
be taken too seriously When they talk about
Roll q q Trusts
MonOpOlies," and warn American prOtecuOnists
that the handwriting on the wall must he read
by the autocrat. of plutOcracy. they are prob
ably TO be understood as using language in a
Pickwickian sense. !. y. r.