The Providence news. (Providence [R.I.]) 1891-1906, 1900-10-25

WALSH'S
PARTNER
King Of Belgium Enters Into
Business Relations With
American millionaire.

Paris, oct. ga correspondent has Sc
cured the essential facts regarding the al
legged business partnership which has
been entered into between Thomas
Walsh. the Colorado millionaire, and Ills
Royal rIighnsss Leopold, King of the
Belgians.
The assertion that the contract existed
staggered legal celebrity who is in close
touch with the King.
When, however. the correspondent laid
the facts before the lawyer. asking for
confirmation. that gentleman, after show
ing signs OF great distress concluded TO
explain the matter. eXacting the promise
that his name should be withheld.
lie made the following statement which
he said WAS more correct than the Ver-
sion the correspondent had at first sccur-
cd.
When Walsh first astonished Paris by
his lavish and wanton style OF living and
entertaining he attracted the attention
OF financlers who sought 10 interest him
I'm various business schemes and among
others Charles Nagelmackers, the Bel
gan president of the International Sleep
ing-Car Company, which controls the
train deluxe service. throughout Europe.
Through outside Speculations the com
pany had become somewhat embarrassed
and Nagelmackers and King Leopold, who
were both Large stockholders tried 10
unload some shares upon Walsh, pointing
out to him that under American manage
mcnt the enterprise would become splcn-
ddly profitable
Walsh was tempted. lt was at this
iuncturc. three months ago that Nagel-
mackers arranged for "a meeting between
King Leopold and the Colorado million
aire. equipping a gorgeous special train
from Paris to Ostend. where the King
awaited the Walsh family.
After accepting an invitation TO return
Walsh was pushed by King Leopold and
Nagelmackers for his decision in the pro-
posed business deal. but the American
millionaire exclaimed
Your company may pay under the best
conditions 3 or I per cent. ! handle my
capital I'm such a way that IT brings In 20,
II and even 20 per cent,
Let us talk no more about your sleep
ing cars"
King Leopold. who. since the marvel
ous recuperation OF. the Congo Free state,
owns enormous private wealth and is q
keen money maker. upon hrariuu Walsh
dccant upon and explain the possibilities
of the kind of operations that'arc familiar
To American milliOnaircs, changed his
tack, inquiring where 4 king who had
some little available money himself could
come IN on "a American nold.
Walsh. fearful OF the whims OF such
lofty partner. was singIlarlv unrespon-
siyc. and at first did not answer the
query
King Leopold. however who had al
ready made exhaustive inquiries i'm the
United States. and had received the most
irreprOa chable replies concerning Walsh's
uprightness and hnancial soldity, had be
come favoraby impressed by the bril-
liancy boldncss and prudence of the Colo
rado millionaire.
His Royal Highness overwhelmed
Walsh with such attentions that the lat
ter finally realized the advantages OF such
partnership. which. In addition To bring
ing him high social distinction. would also
provide him with unlimited capital for
the execuLon OF some of his vast business
projects.
A..er few weeks consideration Walsh
finally yielded. through the representa-
lions of Nagelmackers. and consented To
become King Leopold's financial adviser
and partner Several contracts have been
signed. each intrustiug several millions
of dollars In Walsh's hands.
The informant of the correspondent be-
lieves that the operations contemplated
will be confined mostly to mining with
some incidental stirring up of the stock
markets, In order To bring 10 terms those
powerful fnanciers who have been oppos-
ing Walshs speculative operations.