The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1901-02-20
DR.. pe0rSonS
and His Gifts

DR.. b X. Pearsons. the aged millionaire
Of Chicago. who Is giving away his large
fortune. IS not a physician. as his title
might imply. IL came 10 him in the am
nual dispensation Of college h0nors. He
was a shrewd. sharp business man during
his active life. Tie architect Of his own
fortunes he made his money in Chicago
by taking advantage of opportunities
during its years Of rapid development He
was q real estate expert. and q great deal
81 his property was accumulated hy ju-
dicious investments IL that line
TWenty-three years ago Dr. Pearscns
was just beginning TO attract attention
He was already a man Of wealth, but the
general public knew little about him.
one day. however. when Chicago had be-
ccme very much disgusted by boodling
ane other scandals in the city govern
ment. an era Of reform was ushered "a
ana DR. Pearsons was elected a member
of the so-called reform common council.
He was tain and straight. with the black
est Of hair and the sharpest Of eyes.
which he devoted to scanning every cram
ny Of the city hall and every phase Of
public affairs. He saw a grab in every
ordinance introduced into the council pn-
til he proved Il TO be honest. He became
known as the great objecror ana the
watchdog OF the treasury. Professional
aldermen and other ward politicians
hated him like poison, and he reclpro
Gated the sentiment. and being ably sun
ported by the large reform element in the
council and by public sentiment, he scared
the rest Of the city fathers into az least q
semblance Of great circumspection
One day Il was found that Chicago did
not have money enough in its treasury 70
pay the interest on its bonds. Money
must be raised or the city would default
in its obligations. Dr. Pearsons arose IN
the council chamber 10 make this sug.
gestion:
I'VE don't want to 80 down East 10 bor.
row money with which TO pay our inter.
est. We can raise the money we need
from our common people right here IN the
city. Let as make a popular loan and m
vite everybody 20 take a little Of It until
we have borrowed s600.O0O.
So this was done. The loan was not
advertised through the banks OF the city.
but was passed over the counter OF the
treasurer's Office and the greater part "
1t WAS taken hy those who had only
few hundred dollars 70 invest and usually
put their money in savings banks IN
few days the loan was entirely taken and
there we're hundreds OF investors. The
popular loan was a great success.
One day, DR.. Pearaons met newspaper
reporter Of a thrifty tuln who had saved
5000 and invested il in the popular loan
Mr.. JONES' said DR.. Pearsons. II see
YOU have put a nice little sum IN the loan
am glad you have saved SO mucr
money ! like thrift. / wish ] saw more
evidence OF II In an the newspaper re-
portcrs that come to me for news al
wise You TO go right ahead saving you
dollars; and II you viii come to me whef
you have 5000 or $500 to spare will leH
you how to invest it safely so as TO yielt
an excellent return; and If you think nj,
advice worth anything 20 you when yot
wish TO invest money you may have &C..
This incident was characteristic OF tht
man. He has always been a friend IA
everybody whom he thought tried % dt
right He has hated evil doers with more
bitterness and vigor OF denunciation thar
Is often seen: but he would lend help.
ing had to be worthy and was particu
iarly interested in ambitious young fel.
lows who were beginning their career
But no humbug could impose upon him
No tramp could have his money unless
he worked for IT, While he was a mem.
Der OF ChicagO's council he puncturet
every sham and shady bill he saw; and
now he is giving his fortune to helr
education in many parts o. the country
So in his old age he is browning viii
benefactions his long career Of hard work
honorable dealing and honest public serr
ice.-New York Sun.