The Washington times., 1902-08-31

- GORGE H. PHILLIPS. the Corn
King. and friend of the farmer,
~ who has burst into the New
York speculative and financial
world fresh from the West declares with
emphasis OF conviction that nothing can
stop the prosperity OF the United States
for the next six years at least. Wheat
will reach so cents. he says. and already
the farmer has stored in his purse
money to that extent that where former
ly he had to pay as high as Il per cent
for assistance, now he scornfully re-
fuses financial aid at more than 6 per
cent; and even then he is not looking
with a telescope for helping hand.
A Peculiar Man.
He is a peculiar sort OF chap. this
Phillips, keen, alert, with features cut
much better than his clothes. yet with
kindly expression which shows be-
yond a doubt that business has not
eliminated all the human nature he was
born with. And he lives in a substantial,
though modest way. He was seated in
the back parlor of his home on Seven
tieth Street when the writer dropped
in on him to have a chat concerning his
ideas on wheat and whatnot. At first
sight he looked like a boy. though
closer scrutiny showed him TO be man
in the neighborhood OF the thirties. But
it seemed hard TO realize that this
youthful looking Westerner recently
had entered the battle of speculation
with men grown gray in the financial
world and in two swift, almost lightning
like operations, made a profit OF nearly
$500 900 dollars, and had strolled from
the market with a smile and the avowed
intention OF awaiting another oppor-
tunity. Yet such is the fact. And after
talking to the man five minutes one can
realize that he possesses the capacity
for just such financiering.
Another Opportunity at Hand.
Another opportunity seems near at
hand" said he, after he had related the
details of his recent financial coups,
"and when it comes l will play it to a
finish. Before | could have made mill
ion had / chosen to hang on and pursue
my policy on strict business lines, re-
gardless of the effect on others. brt
when men came to me and told me it
meant ruin to them; when they pleaded
with me to cease. l did SO. Now l an
ready for a finish fight. ! will press
my next big operation to logical con-
slusion and look after my wrecks after
ward
Winning success by driving others TO
he wall, perhaps to suicide, hardly
meets your approval them"
No. II l thought had driven man
% death It would kill me. l am sure.
The thought is horrifying But If men
sink in the maelstrom of competition
hey must sink. and be rescued Ia;er.
The rescuing operation pursued during
.he time OF the battle means incalculable
loss. And as | have said. my next fight
will be 10 The fnish.'
DO you think we ever shall have del
lar wheat?"
Dollar Wheat Possible.
1T is hard 10 tell. We MAJ Cir
ly. II is possible. But we shall rave
sO-cent wheat in the near future. an
sure Of that. Why? Because whert is
worth so cents. 1t is worth 1t on thc
basis OF supply and demand. There Is
no doubt about II. And what is ,aore.
the people OF the Chicago Board of
Trade concede 10 themselves that wheat
quietly advising their customers TO buy"
Then you think wheat will be higher
before it is lower?"
Il don't say that. There may be some
slight fluctuations. But there will be no
heavy fall. And there will be a greater
scramble at so cents; there will be mere
buyers at that price than there are now
with the market down. Buy wheat.