The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1897-01-31

Is thht be doesn't BWindlo. He buys
big concern for 10000. 900 or 10 and
announces that he In going to make a
good thing out Of H. Then he sells
Il for f2O.OO0.OO0 and smiles at tho
awed faces Of his circle OF admirers.
He FIRST attracted public attention less
than a year ago, when he foaied a
pneumatic tire company and made
ti0.OoO,0o0 out Of the deal. Making
that amount Of money In a year has
not astoniahed him In the least and
people arc wondering where he will
end. In his short career he has bought
up every landed estate offered for sale
that be could lay hands on. IL a breeder
OF horses and cattle and owns three
yachts There Is nothing on earth no
wants 10 buy that he doesn't get. when
In London he occupies the whole nrst
hoor OF a leading hotel. paying $1,000
a week, and bis rooms are crowded
with promoters. capitalists and in
vontorn, all anxious 10 help him make
money or rake Il themselves. Mr.
Hooley poses as q country gentleman
and processes 10 dlsllke the city, say
Ing II u were not for his business af-
fairs he would never come 10 town.
lie says he Il the largest sheep farmer
In England and knows each Of his 800
odd horsemon by sight. He has told
how be became rich. and bis story Is
interesting. Said Mr. Hooley:
4 cannot say that I was ever what
you would call a poor man. Some peo-
pie, know. have an idoa that I was
one month IN a back street and the
next In a palace. That Il altogether
wrong. came from a family OF Not
ungham lace manufacturers and when
! was p my mother left me si75. 900.
Since then ! have lived at the rate
Of not less than $4,000 a year. which
could hardly be called poverty.
started In business IA a stock broke
IN Nottingham and for some time
made 100000 a year. As stock broker
! got into touch with a large oonnoc-
ton OF very rich people. secured
their confidence and they have been
the great actors IN the success Of the
big schemes have since carried
through. When ! issue a company I
do not rely altogether on the outside
public. Ny own circle controls between
i75,0oo.000 and 800 900 900 and its sup
port insurcs a thing going. Il Is
fact Of which make no secret that
these friends set a share OF my profits
While IN Nottingham I had 10 do
with the initial steps Of starting some
companies and saw that the promo
tiers made great profits. l asked NY
self why ! should not do this work
Then a friend brought 70 my notice
some bicycle shares. which AZ that
time were despised AZ 81. looked
Into them. was satisfied that they had a
future and bought largely until the
shares went up TO 2iit. Then I re-
constructed the company. making
u.S2S.ooo out Of the deal. Other cy.
cling schemes followed. the biggest
being tire deal I bought the tire
stocks outright for $4,000. 900 and sola
them 10 the present company FOR
t25.oooo0o and now they are worth
So. 900 COO"
"On VIA, principles DO you 60 IN
hnanolugf" asked the interviewer.
In the frst place. have no secrets;
n ! had I should want a stan Of 200
clerks 10 keep my books. have never
yet been able 10 keep a secret and
mover will. ] say that the promoter Is
as much entitled 10 his pros, and his
money Il as honestly earned as that
Of any other man. When a farmer
buys a COW Of me. cuts Il up and re-
sells Il at a higher rate than he bought
be IL entitled 10 make what he can;
90 am when I buy and sell a company
] buy, say. for two millions and sell Il
for two and a half. and tell the pub
lie straight on, that am going TO make
something fo- myself out OF the deal.
I make Il an absolute rule only e take
up one concern at a time and never TO
leave Il an Il is really on is legs. I
am able TO point back 70 all the things
] have been associated with and say
that there Is not one OF them but to-
I day Is IN a healthy state"