The times. [volume] (Richmond, Va.) 1890-1903, 1898-06-10

depths in which Barnato first Itarted--
After he had given up the silk mills,
Hooley began 10 dabble I'm the London
stock market, and the first qualification
of his wishes was evident at the end Of
the year when he had made 500 900. Az
ter this he left Nottingham permanently
behind him and caem 10 settle IN Capel
Court. In spite of this move, he al
ways protests that he Is a countryman
at heart and not a Londoner. confined
to the city merely by the necessities OK
his business.
With the move 10 London Ho0ley's
business projects were proporlonately
increased. He was interested only in
promoting investments OF the largest
magnitude. The Dunlop Tire Company
SALE which ne negotiated in 1896. was
one of bis most notable deals. He OBJ
tanned an option on the business for one
week at slOOOO00O. The company was
not willing 10 sell for any smaller sum.
After he had the option. Hooley. who
had already made advantageous ac-
quaintances, let his friends know that
he was in a deal TO buy the property
which was offered at $1,000 600 and would
certainly prove the financial success OF
the year Confidence I'm HoOley was
such that within three days the tire COM
pany was handed over TO a syndicate
that paid 800 100000 for il. The business
associates Of the promoter were not Used
TO disadvantage in the transaction. Hool-
ey 20 be sure. got IL at 100000 and
sold for twice that sum. But the invest
ment proved such a splendid one for
them that they were satisfied.
The BoYril Beef Company was another
deal by which Hooley made $500. O0O.
He bought the business for that sum.
sold 1t for twice as much the next day
and satisfied the buyers, who got a good
investment for their money 10 was
the confidence in Hooley's judgment that
enabled him to secure capital so quick
~. The public belief that he sold only
properties that were certain fields of
profitable investment was the secret OF
his phenomenal success. His good for
tune was for several years connected with
the bicycle business. The Swedish Tube
Company, formed when the bicycle craze
was at its height, TO supply Pneumatic
tires was formed through Hooiey's per-
ceptlon OF the deand that was certain
10 arise for pneumatic tires. and out OF
this the promoter made Sj,0O0O00
The public was apparently willing 70
invest in his projects at any time. II
used TO be said OF him in London that
so soon as he said he had bought some-
thing for a certain price. but wanted 20
sell 4 at twice that amouncsthe British
public rushed in 70 help him do IL. But
that was founded on confidence In the
value Of the properties he sold
lie occupied the entire floor OF large
London hotel. and his offices several
years ago. when his fame was az its
height. were beseged by persons trying
10 persuade him 20 undertake TO pro-
mote" various objects which they pos
sessed. Hooley's charities were on large
scale and his expenditures on a most
eXtravagant basis Believing In English
real estate which has been sold at very
low prices. he has purchased most OF tho
English estates that have been put on
tho market within recent years. He
boasts that none Of his investments were
OF properties about which he was igno-
rant. He had never dealt in mines be-
cause he knew nothing about them, and
his transactions were. according 10 his
own accounts. undertaken only after a
thorough personal study OF their char
acterlstics and conditions
He had proposed many schemes for
improving the condition OF the laboring
classes in England. and at one time stood
for Parliament. lie owned large sheep
farm and was the largest breeder OF
sheep in England. He owned town and
country residences three yachts. and
paid 81 90 a week 10 rthe rent OF his
Offices. He used 10 say that he got To bed
at 10 o'clock and was at his Office by 2.
One CT his latest schemes was the pur-
chase OF Cuba by a company, and agents
came 10 this country in the interests OF
the scheme. Hooley was az the height
OF his prominence In lSa6. His yachts
were the Britannia. purchased from the
Prince OF Wales in January last. and the
Varenia bought from the Earl of Ions
dale New York Sun