The Birmingham age-herald., 1902-09-09
STRONG CONTINGENT OF
 WESTERN MILLIONAIRES

Hook attractive" and let the public see the merits of the company.
 This was done. said the broker. "A pool was formed and up went the stock I was told that the director who advised the move sold out all his shares, and the head of the company Cor the pooD found he had been imposed on. The 1893 panic came on little later. and. of course, Fuel stock declined, with un- pleasant results to Osgood. This gave an opportunity to learn the ways of Wall street. Gates was warned two weeks before the recent contest that something else besides majority of stock was needed in order to get the better of os- good. You don't know him. was the comment made"
 David H. Moffat, president of the First National Bank of Denver is one of the best known men in Colorado, being iden- tified with some of the most profitable mines and being rated many times a mill lionaire. He Is said to be a "good fight CT" and his scheme to get ahead of liar riman and Gould. it is believed, will bring out many of his strong qualities. MT. Moffat is credited with having the Moores and other Rock Island people back of him. It is supposed here that he carries a large account with the First National bank of this city, and is con siderable stockholder of that institution. He is working in close harmony with Senator Clark, whose railroad will meet that of Moffats at Salt Lake City the two forming continuous line from Den yer to the Pacific coast.
 When it is considered that R. c. Ker- sens, a St. Louis millionaire, who is iden- tifed with H. Clay Pierce in his ambi- tious railroad projects, is also one of the leading directors in Senator Clark's road it seems likely that there is some com mon understanding for a working agree ment among many of the railroads al- ready built or projected. MT. Pierce, who is the southwestern representative of the Standard oil company gained some dis tinction in the fight to drive the Still well-Pierce Oil company out of the state of Texas. This company was finally checkmated, but the oil business is still conducted in that state just as effective ly through other companies and MT. flerce IS as great a power Tn the business as he was before. He outgrew his Stand ard Oil connections, and has greatly add ed to his wealth by railroad operations. He has been the principal factor in the San Francisco management for some time. His purchase of the Mexican Gen. tral in the interest of a syndicate was followed by the announcement that an extension would be built to connect the two systems. The purchase of the East ern Illinois railroad by the San Francisco several weeks ago, thereby letting the latter into Chicago, directed fresh at tention to the expansive plans of this ag- gressive new railroad fnancier Opin- ions were expressed today in Wall street that some of the Standard Oil people are back of him.
 R. c. Kerens has figured prominently in West Virginia coal operations, and has am0ssed a large fortune. F. A. Heinze got his training as an engineer in the employ of one of .Ae subsidiary companies of the Amalgamated Copper company in Montana, and through his expert knowledge of the mines of the trust he was able to lay up a mass of valuable information which stood him in good stead as ammunition for his pres ent fight.