The daily morning journal and courier., 1898-08-12


 Showing a Letter From the Promo
 ter.
 W. J. Hilands sat on his porch on Flu cid avenue yesterday afternoon and talked about his friend Ernest T. Hoo-' ley, the London promoter.
 "Hooley will come out all right and within the next six months, too," said MT. Hilands. "He is not a dead cock in the pit by any means. Only a day or so ago I had letter from Dobson, his private secretary, who said that after everything was paid up Hooley would still be worth $1500,000 perhaps $2,000, 900. That's more than enough for a man of his ability to start in with to make another big fortune. Of course it is nothing to what he once had They used to quote him at $40,000,000, and from what know that sum is not far out of the way.
 "I made his acquaintance in pecu- liar way" continued Mir Hilands. We had secured the European rights for a rubber tire for baby buggies and the like, and had placed the sale of these rights in the hands of a firm of London brokers. They were so very slow in the matter that our option was in danger of running out before any thing was done. So I had 1t extended for short time and went over to Lon don to look after the affair myself. l found our agents excellent people, but traditionally English in their conserva- tism.
 q looked over the situation and +, I i,, 1 terested all would go well. But how could I reach him? Unless you had made arrangements you could not get beyond the boys who stood on guard 1 But I was not to be put off in that way. | When one boy was parleying with me | slipped past into the secretary's room. | Here I found most agreeable fellow, | who told me, however, that it would be | impossible for me to see MT. Hooley. l talked with him for about half an I hour, outlining the plan of our patent. told him that if I could not make it | appear good thing to MT. Hooley in | ten minutes I would not bother him any more Upon this agreement the | secretary went in to his chief and i brought back an answer that Hooley would give me just fifteen minutes. | Then I was shown into another room where Hooley soon met me.
 About the first thing he said to me was: You wrote me a congratulatory | letter after had formed the Dunlop Tire company, did you not, saying it was the greatest financial achievement of modern times? T said, Yes I thought so,' added Mir Hooley; T re- l !, I into business and instead of giving me quarter of an hour, it was fifty min utes before he bade me goodbye And then it was only to make another ar- engagement with me for the next day. 1 That time he did me great favor. He wrote me a letter with his own hands | he didn't dictate it. This letter was to | Lawson, the authority on horseless car riages and man of great wealth. MT. | Hooley told him of this company of ] ours, and said if Lawson would take | one-half the stock he would take the | rest. Now said Hooley, with a smile | take this letter and show it to your brokers and think it will bring about what you want. If it doesn't, I will take the interest I have stated, and | know Lawson will follow. I think it is a good thing, but it is rather small for me to float
 Then I went down to our brokers. told them that I had got tired of their slow ways and had made arrangements for the sale of the rights on my own account. They smiled loftily and said
 that other Americans had tried the same bluff game upon them, and it | wouldn't work. They added, however
 that there was to be a meeting that af-
 ternoon of the men who had been
 thinking of going into the deal, and
 that, if I wished, I could go before
 them and tell them what had just
 said I had Hooley's letter in my pock- ct all the time, but had not shown it. "The men in the meeting were not
 disposed to place any greater credit ir
 my story but I was firm. I told them
 that they must decide at once, because I had another purchaser. At this there was q general smile, for they knew
 had been in London but four days
 Who is the man?' they asked. I de-
 clined to tell them, but said that