Omaha daily bee., 1902-07-05

bought steel and Wire. National steel and
American Steel Hoop for a quick turn.
when every man had his load the steel
stocks stumbled. tumbled, ten, twenty.
thirty points. Then he and his crowd
quietly and contentedly picked up the bar
gains lying around and held on until the
United States Steel corporation was formed.
when they disposed Of their holdings on
terms that made many Of them millionaires.
That stupendous deal made the fame OF
Gates. Attention has never been diverted
from him since. He became a marked man.
He established a following that will buy
and sell anything under heaven whenever
he gives the word. All the world loves a
winner. Gates is a winner. He likes to see
others make money. and never refuses to
tip OF a sood fellow.
Gates Has Had Hard Knocks.
Beneath mis- breezy western style, his
devil-msy-care gable, his bonhomie, there
turks a shrewdnesss such as only his most in
innate friends are aware of. He has had hard
knocks. II took him twenty years to save
1000, 900. Today he has S12, 000. 900. He
has trained with a merry crowd of the
highest high-rollers the industrial field
could furnish. There are big men in steel.
Inc mduuldCluTt VI Idibt WiNNt Nuuluki
etc. appears to enlarge capacities for
having fun as we'll as for carrying on busi-
ness. The steel crowd can get more jollity
with legitimate business than any other
crowd on earth. And Gates has been q
recognized leader OF this crowd.
He is ash3med Of nothing. that he does
and his heart is as big as all out OF doors
No hypocriay in that biR bulkl
Gates has become such an influence In
speculation that traders make use OF his
name to boom or depress stocks. This is
the gauge by which a man is Judged in the
street. Two years ago the query was
"who is this chap Gates?" A year ago II
was, D you. really think Gates know,
anything?" Today the alarm goes forth
Gates is buying Steel" All the little
fellows buy steel.
Gates is a factor, and a big one, In ouI
commercial life.
The Windsor hotel was for years tn,
evening headquarters OF leaders Of finance
and speculation. William H.. Vanderbilt
Addison Cammack. Jay Gould. James II
| Keene and others we're to be found there
When It was destroyed by hre the Wal
streeters, such as were left, moved L
Delmonico's Twenty-sixth street place
When the Wa~ldorf-Astoria was built anC
"Del's" had moved to Forty-fourth street
far out of range, the financial element
camped In the hosiery OF Herr Boldt
Gates lives there when in New York, ant
creates suf1cient interest to attract mobi
to the cafes and dining rooms. He hal
made some Of the walters rich.
To illustrate his influence. One night h,
was chatting with Charles NJ. Schwab o.
the Steel trust on a sofa at the end o.
Peacock alley" 1t is not necessary Il
tell what they talked of. It may hav,
been a reminiscence Of poker at Ellwood
But the next day there was a big boom II
Colorado Fuel & Iron. The shares ros,
ten or twelve points. wherefore? Be.
cause Gates was seen In the Waldorf-As
toris chatting with the president OF tn,
Steel trust, was supposed to have made
dicker with schwab to turn over the Colo.
RADIO Fuel and Iron company to the stee
trust at a tremendous advantage.