The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-15
disposed Of their holdings on terms that

disposed of their holdings on terms that
made many Of them millionaire
Thnt stuncudous deal made tho fame IT
Gates Attention haS never been diverted
from him since He became marked
man. lie established a following mar viii
buy ana sell anything under heaven whru-
,rer ne gives the word. An the vo .d
loves winner Gatcs is a winner Iir
dk"s to see others make money. and meyer
refuses to up on good fellow.
TNENrY YEARS ron \ MILLION.
Beneath his breezy Western style. hts
devil may care gable, his bouhomie. there
turks shrcwdncss suca as only his most
intimate friends arc aware Of. RE has had
hard knocks. 1t took him twenty years
10 save 100000 Today he Inns Sl@.oae.
600. lie has trained with merry crowd Of
the highest high.rolers rhe industrial field
could furnish There ara big men IN steel.
The manufacture OF rnis, wire, tubing. cte.
appears to enlarge capacities for having fan
as well ms Tor c0rrying On business The
steel crowd can get Iuorc !ollty ont Of life,
without seriously Interfering with logiti.
mate business than any other crowd on
earth. And Gates has been a recognized
leader OF this crowd,
Gates has become such an influence In
speculation that traders make use OF his
name TO boom OF depress stocks This is
INC gauge ny Wulcn man Is judged IN tue
street Two years ago the query was,
who is this chap GatcS2" 4 year ago It
was, DO you really think Gates knows
anything| To-day the alarm goes forth
Gates Is buying steel" All the little fell
lows buy steel
The Windsor hotel was for years the
evening headquarters of leaders Of finance
and speculation William II. Vanderbilt.
Addison CAmmack, Jay Gould, James X.
kccnc and others were to be found there
When 1t was destroyed by fire the Wall
streeters' such as we're left, moved 10 pei
monlco'S Twenty -siNth street place. When
the Waldorf Astoria was built and "pcl's"
had moved 10 Forty-foulth street, far ont
of range, the financial element Camped "a
the hostclry Of Herr Roldt, Gates lives
there when In New York, and creates sur-
fClent interest to attract mohs to the cafes
md dining rooms, He has made some OF
10 Illustrate his influence one nigh, he
was chatting with Charles NJ, SChwab OF
the steel trust, on a sofa at the end OF
tell what they talked OF, It may have been
Renaissance of poker at Ellwood, But
the next day there was big boom IN
Colorado Fuel and Iron The shares rNsc
10 or IL points, Wherofore2 Because Gates
being seen In the waldorf Astoria. chatting
with the president OF the steel trust was
supposed to have made dlcker with
Schwab TO turn over the Colorado Fuel aud
Iron company to the steel trust at tire.
meudous advantage.
Most of Gates great successes on Wall
street nave heNn NCtlucutS. lie was dead
wrong" on Northern Pacific. losing n mil.
lion and half, In the Louisville and
Nashville deal he was the creature u CON
dtions that no did not know existed His
iuteutiour was to make n quick turn In the
market, to buy something intrlnSlcallv good
and sell II again at profit, To his own
amazcmcnt he found himself In possession
OF the road. The discovery nearly gave
him stage fright II would have given
more eNcitabe man heart disease. Instead
Of perSpirng Gates drank two quarts of
wine aud ate three pounds of brcfstcak
with embellishments II was matter
Of Importance TO the market that MIR.
Gates should not be embarrassed, The con
SerVatiNeS relieved him OF his load Civ.
ING him profit NJ million or So,
Gates chief interest In NE lust now IL
10 push tn the front his strapplng soh He
himself having achieved aud arrived II is
now his pleasure TO sec that Gates. Jr.
makes a noise In the world The Young man
Is much taller than his father, but not SO
Dig around Wall street is beginning TO keep
an eye on him.
Gates goes abroad each year His tours
IF the continent usually make an impress
sion He always travels FIRST cabin MS !
Iue saying Is. His rooms az the Waldorf |
Astoris cost him $500 week, His favorite |
game IL not pingpong or bridge Rnd he |
'pends no time at church. He dresses as |