The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-16
THE LATE r.. p. FLOWER.
Some Characteristic Stories of the
Late Wall street Magnnte.

Roswell Il. Flower was a potent factor
in Wall street affairs. says the New York
correspondence of the Chicago Tribune.
Two years ago the banking house of Flow
r Co was one of the big houses of
Wall street, but there wasn't anything
about il of unusual interest sufficient to
make it command general attention. Three
years ago Wall street was in the dumps.
In those days, when there was mighty lit
lie sanguine feeling with solid backing.
Roswell p. Flower looking into the future.
made up his mind that the bottom had
been touched Mr.. Flower went into the
market and bought He advised every
body else TO buy. Things were cheap He
saw that they couldn't get any cheaper
Inc events of two years have justified
his judgment and that's how he came to
be the leader of Wall street and recognized
as such.
The house of Flower & Co made more
money in a legitimate commission bust
ness than any other house in a similar
time in the history of Wall street. The
house of Flower & Co. and its customers
nave made vast amounts of money
In the increased values of properties that
nave come in the last two years. As the
leader of Wall street, Roswell 2. Flower
was one of the most interesting figures in
the whole country.
tie was perpetually good-natured. He
lacked The retieence that most financiers
possess and made much of. If a man OF
number of men came to him and want
ed TO interest him in any business ven
ture of any kind the first thing he wanted
TO know was who's in it and is he square
II the answer 10 these questions was sat
lsiactory, then he would consider the prop
osition, and If IL appealed to him he would
go INTO it,
Mr.. Flower relied on his own judgment
ana ms own experience. lie was one OF
the hnanciers who believed in building up
and not IN tearing down. Because he be-
lieved in the country and it's future, he
was IN wan street parience, bull, and
not bear.
Mr. tIower believed that 1t never paid
TO 1901 people. tie was jealous OF the prop
erues with winch his name was connect
ed. 1t was not safe for outsiders TO mon
Key with those properties, and there are
NUMBER OF men In Wall street who can
testiy TO the truth OF that statement.
In recent Interview Mr.. Flower, in
taking of railroad investments, said that
conditions should be studied. He always
made 1t rule 20 travel over the Chicago
and Northwestern road annually The
conditions that existed in the country
through whlch II passed told whether the
business Of the road was to be plenty and
whether the road was to be prosperous
man 20 speculate should have foresight
he said and he should study the conditions
that might affect the property in which
he invested. He shouldn't invest heavily
in road when the grasshoppers were
eating up all the crops along the line, and
when the grasshopper plague had gone and
the crops were large he should know it.
DO you believe in trusts?" asked the
reporter.
Il believe in them so far as they are
operated on the principle of reducing the
price of product to the consumer, so far
as they are to cheaper the cost of pro-
duction They are a growth of the times.
They are here to stay. Combinations of
capital that are mace Tor me purpose OF
rsouclhs 'he price VI 're Hnlsneu PiouuV'
OF the consumer are an r'Sht'
are tney goou lnlhss 70 invest IN
nat depeuus' II trust Is cotholha-
| Ton 70 raise the price It's pound 10 lali'
| Inc small manufacturers VIII KNOCK II
out sure.
Mr., Flower went on 20 talk about com
| binations OF the KIND. lie thought they
were good Things 10 keep out OF II they
/ raised prices, II they We're badly managed
| or if the demand for their product was
| confined TO this country alone and theiI
| capacity 10 produce was greater than the
| demand. They were good things TO be In
| if they were honestly and economically
managed. and if they had a market for
| their sdrpids goods in foreign countries.
- 81 - 49,, a.,,araiI,, ~
wanted 10 speculate. He thought a min.
| ME or two. and then he said; Yes; stor
making faces and bowling at trusts and
monopolies and gel into 'em. If there
Is N rood MONOPOLY around manage to eel
into 1t and don't make races at il. Sup.
nose the Young men who shouted and
made faces at the Standard Oil Company
| had put all the money they could get hold
Of into the company. see where they'd he
to-day"
mis- First rbousnrd noII.r
IN Ie2o ne So a ~ ~ novel; cooper
20 haIu"aIe ore az WATERFOWL
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