The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-08-07
H0OLEr,S NAME SETTLED 1T.
English Capitalists Brought to Time by
showing II Letter from the Promoter.

~ ~
From he Cleveland Plain Dealer.
w. j. Hilands sat on his porch on Euclid ave-
nue. yesterday afternoon and talked about his
friend. Ernest II. Hooley. the London promoter.
"Hooley will come out all right and within
the next six months, too" said Mr.. Hilands.
He Is not u dead cock in the pit by any
means. Only n day or so ago / had n letter
from Dobson, his private secretary. who said
that alter everything was paid up Hooley would
still be worth $l.5O0,OO0, perhaps S2,000,000.
That's more than enough for n man OF his
ability to start in with to make another big
fortune. or course il is nothing to what he
once had. They used to quote him at $40. 000.-
600. and from what l know that sum is not far
out Of the way.
Il made his acquaintance in a peculiar way"
continued Mr.. Hilands. We had secured the
European rights for a rubber tire for baby bug
gies and the like and had placed the sale Of
these rights in the hands OF u firm OF London
brokers. They were so very slow in the matter
that our option was in danger Of running out
before anything was done. 50 / had IL extended
for a short time and went over to London to
look after the affair myself. found our agents
excellent people but additionally English in
their conservatism.
Il looked over the situation and thought
that il l could get Hooley interested all would
go well. But how could l reach himP Unless
you had made arrangements you could not get
beyond the boys who stood on guard. But 1
was not to be put OF in that way. When one
boy was parleying with me l slipped past into
the secretary's room. Here l found a most
agreeable fellow. who told me. however, that it
would be impossible for me to see Mr.. Hooley.
/ talked with him for about half an hour. out
lining the plan OF our patent. l told him that
IL l could not make 1t appear a good thing to
Mr.. Hooley in ten minutes l would not bother
him any more. Upon this agreement the sec
rotary went in to his chief and brought back
an answer that Hooley would give me Just If
teen minutes, Then 1 was shown into another
room where Hooley soon met me.
About the first thing he said to me was:
You wrote me q c9ngr8tulatory letter after I
not. sayingit wastb greatest financial achieve
mpent Of modern timesT said, Yes I
the, name, Then he plunged into business.
htn II ins s ! 81 gIyiRhg g, me 2 quarter Of an hour.
And then It was only to make another arrange.
ment with me for the next day. That time he
wit nj Ris g own E5f hand {eyo6; d Hs ErG9ff et1 %e f. z ls TSis
letter was to Lawson. the authority on horse
les Heoi cnrr ta a b and a a, man thl. Of great wealth: Mr.;
he would Jake hey rest stN' .So = "s said i" H ssIey.
your brokers' and I think It viii brine about
what you want: II i doesn't. I will take the IN;
rather small for me to float
Then / went own 10 our brokers. l told
them that had got tired Of their slow ways
ana mad made arrangements for the sale Of the
rights on my own account Thoy smiled loftily
bluff game, upon them, and 1t wouldn't work.
They, added, however, that there was to be Q
meeting that afternoon OF the men who had
been Thinking Of going into the deal. and that,
them what l had Just said. l had Hooley's
letter n my pocket all the time, but had not
THE men in the meeting were not disposed
to place any greater credit in my story, hut I
was firm. / told them that they must decide at
this there was a general smile, for they knew I
had been In London but four days. Who Is the
said that / would give the information to our
brokers, In whom they had the greatest conf
de1ee; II these brokers said | was right in my
took one Of the brokers into a side room and
handed him HoOlev'S letter. 1t almost knocked
him speechless. He asked permission to show
y to the members q the meeting. and after a
little ] consented. That did the business. They
agreed to bsgX. al the European, rights and they
paid me, ,S25NNO in three days. as earnest
money. Then l went to Hooley and offered him
single penny"