The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-24
owns MANY MILLIONS
Henry Phipps of Carnegie Fame
in the City.
HAS SALT LAKE REALTY
CAME OUT TO LOOK AFTER HIS
INVESTMENTS

Henry Phipps, one of the steel kings
of Pittsburg, second only to Andrew Car
negie as a stakeholder in the great COM
panies over which the thrifty Scot pre-
sides, reached Salt Lake Thursday night
and is occupying a suite of rooms at the
Knutsford. Along with Mr.. Phipps is r.
r. Dillon, also of Pittsburg, and, until
ill-health forced him to retire several
years ago. intimately connected with the
Carnegie interests.
Even among miIlionaires Mr.. Phipps Is
considered a wealthy man. His hoidihsS
in only one of the Carnegie companies Is
estimated al S20,OoO,0OO. IN additioh 70
these interests he has valuable invest
ments in various parts or the county,
In Chicago he is credited with holdlngS
of sufficient value to content the neaIls
Of three or four ordinarily dLloliioNs
men. For several years he mas owned
many tracts of valuable real estate IN
various parts of Salt Lake City, ana ne
recently added to them by the purchase
of the Gaiena block He is also a heavy
property owner in California.
Mr.. Dillon, while not credited with the
wealth of his travelling companion, Is
not so situated that he has to worry
about his winter s coal supply -
The presence of two such men OF WealtIia
was no sooner noised about the hotel
than all sorts of rumors began nylng
through the air. These rumOTS were Ied
by the fact that the greater part on 49, 81
terday Mr.. Phipps was either ctoseted
IN his room with visitors or was hurry
ing out TO keep appointments.
Iron Mine Rumors.
At first it was noised about that Car
negte had his eye on some Of the unde-
veioped iron mines in Titan, and that
Messrs. Phipps and Dillon had come out
here quietly to bring about a deal Whefe-
by the Carnegie company would cOntrol
all the valuable iron mines in these parts
Their appearance here just AZ q time
when the Los Angeles and Salt Lake
railroad scheme was being put on me
boards was taken as in a measure sun
Stimulating this rumOr and Indicating
that the fasteners had puTposely dropped
in at d time when they could get inside
tips as to what localities the road would
tap, before making any purchases.
This Tumor had hardly got IN 1uI
swing when 1t was found that one OF Mr.
Phipps' earliest and most cordially re
ceiVed visitors was Ex-Governor Arthur
L. Thomas. GosSipS Immediately re
called that some time ago Mr.. IhomaS
was credited with looking over Utah
coal fields in the interest of Plttsburg
In the meantime Mr.. Phipps and Mr.
Dillon were keeping their own counse
! with a vengeance Cards sent to theil
suite invariably brought the reply that
] the gentlemen were very DuSy- n re
/ porter from The Herald finally got
! word with Mr.. Phipps, but il was only
] 10 the effect that his invariable rule was
never to talk for publication. Mr. Phipps
j who is small man, probably IN the Dos
/ with a red, SCraggty beard, beamed be
neVOlently as he spoke, but the tone o.
/ his voice said plainly, You couldn't Sc
( anything out of me with d corkscrew-'
Object of Visit.
( Mr.. Thomas, when seen at his home las
night, after having spent the greater par
[ of the day with Mr.. PhippS, said ne olC
not think the PittsbUrg man had any in
/ tention of making any investments a
I present.
/ "in nv opinion. came out here simply Z
/ look at his property Mr.. Dillon is an OLE
/ friend of his and he brought him alonj
/ TO show him the country and TO have
/ good companion. ! have known Mr.
/ Phipps for years and my calls on hin
/ were purely of a social nature don
! believe he intends buying any coal or iron
! mines In fact, I don't think he is on
] here to make any Investments