The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-30
RICHES CONE FAST.
LoNDoS'S NEW srErrIAroR MAKES
Ten MILLIONS IN THREE DAYS.

IoNDoS'S NEW SrECrLAToR uAkEs
Ten MILLIONS IN THREE DAYS.
Erness feraA Heos<y II HI. Name.
and His Ssareuaoa~ Operations
Are Dazzling the Easiiah Meney
kinx~-How His Suecesses Have
Been AchieSed--Seme Of His Big
sess Deais-Explsias the secret ef
Nosey NAking-His Personality
ana Tastes.
Not ssnce she days OF the Bonanza kings
and Coal GA Johnny has The world ssea
the making Of sucn wcadeFf0i fortunes
as those which have been gained 81. the
London stock exchange in me iasg four
teen months. Says the Chicago Tribune.
The shuttle of wealth has been almost tn-
Credible Stock exchange messengers
aud clerks. who year ago were coasia-
cred happy on a maximum income of %
sniflsngs = week. which is $s-5.s. have sud-
denly become me,szacrphesed into the
possessors OF unhearsi Of fostgneS. and en-
the other hand solid and purse proud
merchants and brokers have tasted ter
tbs urSt tlfse III their lives the Bitterness
and cruelty % poverty.
The Engiishman is, above all things a
gambler The conditions under which he
htes makes II necessary that he should
be 80. There ar. no corner lots in Eng
land, and there Is no real estate exchange
IN which legitimate means OF barter
can be established. There Is so much
money afioat and the people are 50 spcu-
iaflse sy nature and so eager TO increase
their wealth that the only recourse left
for them Is The stock exchange. The
result is that hardly single day passes
on which the British public Is not swim
DIED out OF thousands Of pounds. and the
more they are swindied the more eager
they seem 10 throw their hard-ea rned
money into the maeistrom OF the city of
London.
Engiand's shifting Finances.
TIE last year has probably been the
worst. SO far as reckless gambling is con-
cerned, tha; has occurred since the South
Sea bubble. More people have been ruin.
ed and more have become almost phe-
noinenaily rich-the happy days OF Ar
genuine not excepied-untn now this great
ana wealthy nation lies painting for
breath like an overf>d python. having
swallowed more stocks and shares than
IL can possibly digest.
IL Is natural when such conditions as
this arise that there should be- some men
To reap the harvest which has been so
reekiessly sown. Common gamblers are
many. Coal Oil Johnny was a common
gambler Jabez Balfour was another. So
was Baron Grant. the memory OF whose
deeds crops UP every now and then in the
bankruptcy court We have had 50 much
OF this everyday stripe OF money-naker
and money-foeer that nowadays IL re-
Qutres absolute genius to attract the at
tention OF the world. and this has really
been accomplished by a man who. a few
years ago. was an unknown and una ppre-
ciated lace manufacturer Of Noting ham.
His name is Ernest Terah Hooley. He
has made $so,o0e0 90 in less than one year.
He has enriched his friends by more than
double that sum in the same time. He
has become a world famous man. The
city of London Is at his feet. His move
ments are chronicied like those Of royal
". and he has managed 10 make himself
one Of the most conspicuous beings In
Europe. And all because he possesses
an adamantine nerve which has probably
seldom been surpassed.
Was q Man ufacturer.
Two years ago Hooley gave up his lace
business in provincial and antiQuated
Nottingham and began to iahbie in the
local stock market. He was not a poor
man. and, in fact. he has never known
poverty. He says that he has always
managed to make $Is.o61 to $50 900 year
ever since he was q years of age. and he
is now y. His first year in the stock mar
ket Melted him over 100000. Even an or
binary ambition. IL aeenss 10 me, would
be fired by such a remarkable achieve
ment, and Hooley's ambition, as will be
seen. is most extraordinary
Nottingham seemed Ia afford few OPP
portuni,ies for mind of his nature. and
the natural sequence was move To Ca
pei court the London Wall street. Ar
rived in London ne had no sooner furnish
ed his office ard put his desk in order
than he made straight for the highest
flights of financial operation. The world
WAS startled one morning 10 learn that
the Dunlop Pneumatic Tire company had
been purchased by a syndicate for the
sum OF SCI. fsa.ea. This Was an enormous
price even in these days Of gigantic FIG
ures but the surprise occasioned by the
purchase was nothing compared to the
subsequent shock when IL Was learned
how the deal has been carried through.
No other man in the city Of London could
have done this save Hoolsy. An Idea or
his personality his manner, and his mode
of operation can he had from the way In
which ne engineered IL.
Hooi~y's Most Daring Deed.
The Dunlop company was willing 10 sell
ont pooley obtained from Il an option OF
purchase OF $40 noa on for one week. Then
ne employed every possible means Of COM
n,anirstion to notify his friends and asso-
cisfes that Re was In a deal 10 pure nase me
r,unlop Pneumatic Tire Company. that IL
vof,,d be the greatest financial success of
the wear and that he wanted their various
signatures 10 help him in the purchase
The result was that tn two days Hoclsy ex-
/ ercise~5 his option al tle 90" 90, and on the
third day ne turned the properly over 10
his friends ard associates for the sum OF
so ssgf ssss a little transaction which neffsd
hin, exactly sia s.nt Ass without ever causing
hin, 10 put hts hand into his pocket FOR a
single shilling This course may give the
uninitiated the impression that Eooleys
friends ard associates had bern MADE use
of 70 their disadvantage. hut the suhsr-
.,an, profits made by this company have
haan So large that every man who invested
n penny in the stock has expressed his un-
rsaesrde1 confidence ard gratitude 20 TIE
daring promoter.
Again. rner@ was the ReYrtl company
uogte.-S tactics eeT~ exactly those he had
ry-sds. Use Of In the purchase 81 sne Dunlop
h,sStnesS. Rovrii - sort 81 beef extract.
enormously advertised here Tor many
Years. He obtained an option fer Royril az
hires dsys fer s. s1aso The next morning
he sold il TO his friends for tSss@ ""
created a Tire Company.
The rash IN the htrycie business created
= demand for tribes Coventry was siTnpfS
srvtrg cut far them The cyrie Industry
vas At a ~saasssfI't because thsrs were rot
enough sabez 10 20 on With NJ HOBBY
heard sgf tsas and can't sn agent 10 Govern
~ "a secure orders for tubs No one
k~ev he.x ar where ne was t1 procure
go .-ssees RS. frassnstch as Hfs0sey =