Freeland tribune. (Freeland, Pa.) 1888-1921, 1900-07-06
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him a country full Of trust possibil.
tiles. Men In Wall street are now
waiting to hear that another trust
and great one is under way.
AS an organizer and financial d.
rector of great Industrial combina.
tions Judge Moore, who Is one of the
latest additions to New York's colony
Of Chicago millionaires, will probably
always be better known than as q
lawyer, but 1t was due to his knowl.
edge Of the corporation laws of many
States that he was able to cOalesce
millions Of dollars Of the capital of
great industries into great trade and
manufacturing combinations. Added
to his knowledge of corporation law
he possesses the merchant sense to a
marvellous degree. He juggles with
millions of dollars as other men do
with thosuands. All his undertakings
have reached into the millions, and
his profits are numbered In like sums.
He has had the rare distinction of
failing for $4,000, 900. But that was
nothing to this wizard of money, for
before four years had passed he was
out of debt and 10000, 900 ahead of
the game. 1t takes financier to do
that. And through It all not a smirch
has been put upon his good name.
One of the first industries to attract
his attention was match manufacture
ing, in which, while the Diamond
Match Company was the leader, there
was great competition. In 1889 he sue.
ceeded in consolidating nearly all of
the match interests under a single
control, which was run on Standard
OIL principles as nearly as possible
and which opposed competition wher.
ever 1t found 1t. 1t was through
speculating IN the stock Of the Dia.
mond Match Company that the Moore
brothers lost $4,000, 900 and went into
debt for 35,000,000 more.
Besides the Diamond Match Com.
pany Judge Moore succeeded In or.
ganizing what was known as the
Cracker Trust, or the New York Bis.
cult Company. the American Straw.
board Company and the National Steel
Company. The latter, his greatest
achievement. was completed February
Z. 1889. 1t embraces the National
Steel Company, the American Tin
Plate Company, the American Steel
Hoop Company and the American
Sheet Steel Company. This organiza.
tion took in the leading steel mills of
the country except the Carnegie In.
terests, and represents capitalization
Of many millions of dollars. In 1898
the Moores had promoted the National
Biscuit Company, which brought them
net profit of $4,000, 900, and after the
organization of the steel companies
their fees for their services had
amounted to $10,000,00 These cor.
porations, with the Strawboard Trust.
which was not as successful as the
others, are known as the Moore
group" and represent an aggregate
capitalization of $225, 600 900.
In November, 1899, william H.
Moore went to New York, and month
later bought the house then being
built by w. E. D. Stokes at No. 1
East Fifty.fourth street, adjoining
Fifth avenue, and the residence OF
Henry M. Flagler. ThiA was evidence
OF his permanent residence In New
York, and something startling was
looked for in the interests that he
represented. The Stokes house cost
him SS25,000. Until the house was
finished. in March. he lived at the
Holland House, and was one of it's
most inconspicuous guests. His fifty.
fourth street house is a five story Am
erican basement structure, on ground
IS feet front and 100 feet deep. 1t has
cut stone front. solid marble stair.
ways, and is we'll lighted and ven.