The Savannah morning news., 1901-09-21

of Denmark, Sultan of Turkey and
Shah of Persia, together have $4,000, 900
invested in the United States.
The secret of the royal purchases is
that American securities yield all the
way from to II per cent. in many
lines which form investments as safe
as stock in the Bank of England.
Abroad, with the most careful f1nan-
ciering, large amounts of capital can
rarely be brought to yield more than 3
or per cent.
Kings Have to Hustle.
In the race to place money advan-
tageously kings and queens are often
left behind. Capitalists are too anxious
to secure good things for themselves
to expend energy in caring for the
private purses of kings.
The capital of royalty has been plac-
ed in America almost entirely under
the guidance of Americans.
Thomas T. Walsh, the Colorado mine
owner in his financial dealings with
royalty has furnished material for a
story which would have delighted AL
phonse Daudet Mr.. Walsh is now the
recognized agent of King Leopold of
Belgium in this country, together with
a group of the Kings rich friends.
The Colorado multi millionaire went
to the Paris Exposition to enjoy him
self. He rented half the ground floor
of the Elysee Palace, one of the most
expensive hotels in Paris. During the
Exposition the price was startling. Tne
doing of Mr.. Walsh, his family ana
the Walsh retainers soon began to at
tract attention. They literally show
cred francs upon the French capital.
1t was not done by throwing gold from
the top of the Eiffel Tower, but in the
extensively transformations way that
costs a mint of money.
King Leopold Shrewd One.
It happens that the Elysee Palace
Hotel is owned by M. Nagelmacher,
who heads a railroad and hotel syndi-
cate on the Continent. King Leopold
is one of the rich members OF the syn
dictate. as he is one of the shrewdest
royal financiers of Europe. Just at
that time the syndicate was looking
about for money with which to extend
it's enterprises.
King Leopold made inquiries as to
the resources of Walsh, the guest of
the Elysee Palace.
IT should like to meet that man
Walsh" said the shrewd old King.
An introduction was brought about.
Mr.. and Mrs. Thomas F. Walsh were
speedily made acquainted with various
royalties, and enjoyed 1t. They We're
feted and dined. Mr.. Walsh was TAX
en- by His Majesty and M. Nagelmach-
er in a private car through Belgium
and the heart of Europe.
After their return to Paris as they
sat one evening enjoying wine and cl-
CARS. M. Nagelmacher and King Leo
pold said to Mr.. Walsh that as friends
and brothers they were willing TO ac-
quaint him with a good thing. Mr..
Walsh had been expecting something
ad listened
The workings of the railway and motel
syndicate were explained to him, with
details as TO additional capital needed.
''The combination assures from to
per cent at least upon the capital,
said the King.
Mr.. Walsh enjoyed association with
royalty, but he was not dazzled by IT,.
Gentlemen" he said with his quiet
smile Il am obliged to you. but l
think l won't take any stock. The
fact is that every dollar of my money
nets me from to ~ per cent. Did
YOU ever hear of American Sugar or
steel and Wire or some of Western
mining stocks?"
No. the King knew little about them.
Mr., Walsh began to unfold tales OF
American enterprises. He told them of
the oil trust and a few other COM
binations, and the money they made.
Wnen ne nnlSHeut the tNltib sat 81 in
ing his white beArd and staring
straight ahead of him in astonishment.
Monsieur Walsh he said pres
emily. II want you to take all the
money I've got to America and invest
it for me-"
That was the beginning of the part
nership of Walsh and the King of Bel
GUM.
Made Much Money for the King.
Mr.. Walsh made great deal OF
money for the King in railroad specu-
lation, and has now placed the bulk
of the royal fortune in gilt-edge min
ing and industrial stocks. Through
King Leopold Mr.. Walsh became in
terested with other European capt.
tallsts, and recently made a trip 10
Cape Colony, Africa, in the interests
OF the company.
King Edward. II is said, has made
most Of his American investments