Arizona daily citizen., 1901-05-14

New YORK, May l4.---Sihce Lne booH
rariod eliminated with the great con-
so,idation movements in the steel cor
noration and in the various great rail-
wsv systems, it is probably safe to cay
that no individual has added such sums
70 his bank accounts as has that veteran
of finance, James r. Keene. He and
his son.in-law, Talbot ]. Taylor, have
been important factors in the situation
for months. To attempt to state just
what Mr.. Keene's recent operations
have added to his fortune would be the
merest guesswork, but men who are
thought to be conservative talked of fsuch
sums as $40, 900, 900.
The old California plunger has seen
many ups and downs during his busy
career. He has won and lost dozen
fortunes, any one Of which would have
made most men happy for life. There
can be no doubt that bis recent deals
have made his present wealth the larg-
est by many millions that he has ever
possessed.
John w. GateG 10 commonly credited
with having lost abont 81, 10000. A
Western man who has not done badly is
Norman B. Ream, who is said to be a
winner in the sum Of II .O00. 900, and Ar
thur Orr, who has sold ont at high fignr-
es %, 900 shares Of Union Pacific which
he bought three years ago, has cleared
at least az much. Marshall Field, John
and Michael Cudahy, James Patten and
John Dupee are also named among the
fortunate Chicago millionaires who have
added huge sums to their bank accounts.
Isaac L. Elwood, formerly OF The Amer
lean Steel and Wire Company. Is believ-
ed in Chicago to have netted about $5,-
ON,oOo, while many Of bis friends and
relatives are richer by sums ranging
from 100000 to $500, 900.
Probably one Of the iargestof the local
winners is Jacob Field, whose profit on
Union Pacific transactions alone have
netted him more than III ,oo0. 900. while
he HAS already cleared on United States
Steel something like sl50. 600.
When it comes to dealing with those
who are not among the mnlti-million-
airs, anything hkean approximate 70 an
estimate of their winnings 10 futile.
There are men in Subordinate positions
in brokers' Offices ia Wall street today
men who may be eaid 10 be unknown
whose profits on paper must rank them
as mllionaires. heard OF one who has
held rather unconspicnous position in
Broadway street concern who has un-
doubtedly cleared up Q million dollars In
speculation since the last fall election.
There brokers, Office boys and mes
sengers who have acted ON tips TO the
limit of their savings and have realized
snug little fortunes, Sufficient to enable
them to 90 into real estate investments.
Only few days ago young men paid
$4,000 for seat as member oil the
New York Stock Exchange. A few years
ago be WAS clerk on meager salary.
How many OF these noyices as a result
Of their present gratifying gains may be-
come confirmed victims Of the specula-
tive mania nobody may say. But that
isanother story. | heard yesterday OF q
father whose boy, veritable greenhorn
in finance, had picked up trifie OF S.
OO The father was enraged. He ex-
pressed deep regret that the lad had not
lost every penny he had risked, as that,
he said, would have been 10 the boy q
far more beneficial experience. Some
one had given the youngster t'pand he
had put his little hoard into somewhat
obscure stock which many wise men re-
garded as almost worthless. A friend
had protested and tried to dissuade him
by telling him that the stock was no
good
"Never mind," said the youth, 81 hear
it is slated for a rise and / am going to
risk it."
He did risk it, buying at something
like 80. A day or two ago the worth
less stock did rise phenomenally, and
when it touched par he sold it.
Philip Britt, lawyer, living at No
l27 East Sixty-Fourth street, who is q