The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-09

Ierah Hooley. 1t had never heard of him
Ihen Mr. Hooley decided 10. move to Lon
don, which has swallowed plenty like him
together with their fortunes. That was just
ABOUT year ago. The man from the in
SsSSlor town of Nottingham let all London
hnoW ne mad come TO town in a very few
days, He established an office and in course
OF a few days he was worth $l0009,0l0 more
tnan when he came. And unlike the opera
lions of some of Wall streets sharks his
Whlle they enriched himself, did not render
Ctners poorer. On the contrary. he enriched
MS IIlendS at the same time. 1t was simply
tnat ne knew a good thing when5he saw IT.
and he was quick to see a golden oppor-
tunity which had been overlooked BY al the
The Dunlop Pneumatic Tire Company was
aolng an enormous business in furnishing
ares to the bicycle trade. One day the
noupcement that a syndicate had bought
the entire plant and good will for $40 00O, 900.
d; Wenty-mllllon-dollar deals create more ex-
citement in England than in this country.
That deal was the first intimation London
nad or the arrival lin thet. midst of MIR
Hooley of Nottingham. Then it developed
how the deal was consunt11ated and To- what
extent Mr.. Hooley had profited He had pro-
cured q seven days option on the property
al $lOUO.UO. week is short time in which
70 put through such a deal but it did not
take the rapid Mr.. Hooley half that time
On ms representations he secured the sig
natures of capitalists to subscriptions for
the stock and he paid it with their money.
Ihen he turned it over to them at $40 900 OO0
ciearlng $l0,OO0O00 as his share of the profits
ltal. Nor, as the event proved did he palrn
on on his friends a property at double its
actual value Capitalized at $40, 600, 600. the
property bought for half that sum continued
to rise in value and to pay handsome divf-
dends to the shareholders
rms operation placed Mr.. Hooley at one
pound IN the front rank of successful pro-
moterS, and he went from one success to
another. The next thing he did was to get
an an 0ption on the business of the Boyril Meat
Extract Company 1t was a three days OPP.
ton, and the price was 81 SOC. 900 Before the
sun went down next day Mr.. Hooley had
contaminated the deal He turned II over to
his friends who subscribed for the stock at
a capitalization of $5,OG0OO0. Profit to Mr.
Hooey $2,5oO,COO which is pretty good for
In the meantime the bicycle business Of
Iered another opening. The manufacturers
were unable to supply the demand for tubes
ana bicycle makers were at a standstill.
coventry was in special need of them. Mr.
Hooley conceived scheme. He sent a
salesman there to solicit orders for tubes
he had none to sell at that time il is true
but he expected to fill the orders. and his
name was sufficient guarantee that they
Mr.. Hooley was duly gratified. Then one
morning the public was asked by pubhca-
ton, to subscribe So, 900 900 for the establish
ment of the Swedish Tube Company at Gov
entry. Subscriptions poured in at a greater
rate than the orders for tubes had Many
had to be refused because the stock was all
subscribed for in the first rush. The factory
was built forthwith. and has continued to
Go a flourishing business. Mr.. Hooley had
simply seen that the facilities for making
tubes were insufficient to fill the demand
He did for Coventry just what Coventry
might have done for itself, and his fore
sight was rewarded by profit of $1,O00,O0O
ON the deal.
These are few of Mr. Hooeys exploits.
lie IS always doing something startling to
aaPzed anee he end made the b Which hs
his operations have Melted him, it is esti-
mated, $5O000,O00. He is one of the very
richest of the rich men of England. The
Duke of Westminster is one of the very few
who surpasses him in wealth. but if Mr..
Hooley keeps up his present gait he prom
Uses soon to distance not only his country
men, but also the Rockefellers, Have
meyers, Vanderbilts, Astors, Morgans, Ar
mours and the other multi-nllionaires of
America.
And this is Mr.. Hooley's simple formula
for getting rich: 1T is not question of
tremely hard work My income in Noting
ham was always a large one and then
put in sixteen hours day and never tried
1t , cant be done Then | always made
point also of going to bed at 10 O'Clock. This
Is quite late enough if you want to get up
ing | always like to be up early and get
little pit in front of everyone else. That's
the whole secret Again, | have always
up the ladder you will find it crowded with
competitors If you go to the top you prac-
plenty of men ready to. deal in thousands.
but they get frightened when you talk of
millions. The average city man of to-day is
an easy-going sort of chap. He doesn't
make very much and doesn't do much good
with what he gets. Young men knock off
work at 6, go to the theater and get to bed
late and then wonder why they dc not get
on. Making money is more matter of will
and self-sacrifice than of luck or brains. 1t
is, in a sense question of morale, though
people cannot see it,
Mr.. Hooley has invested millions in real
estate. Whenever an impoverished noble
man throws his ancestral estates on the
market Mr.. Hooley buys them up and he
teman farmer. too. and another hobby of
his is the breeding of sheep. in which he
leads all others engaged in that industry.
He keeps three secretaries constantly en-
ployed. taking them with him wherever he
goes They work from a. m. till 10 p. M.
at which hour. following his Nottingham
customs. the man of many millions goes to
bed: regardless of the Importance of the
business on hand.