The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-07

from Brooklyn for the purpose OF accept
ins position as bookkeeper with d small
coal-miaiug company in Iowa When
within fifty miles or 50 OF his destination,
IL Is said. the young bookkeeper was told
10 step of and take the place OF book
keeper at branch Office OF the company.
The former bookkeepsr. IL was averred.
vas subject % spells OF delirium tremens.
ara was al that tine fncapacitated for
his usual labors. being chained up on
an island in the river. Oscood made
rapid Advancement, and not long after
wards ne ard an associate bought out the
business with small outlay Of cash
and with the balance in notes \ few
years later found them engaged IN coal
mining operations in Colorado, and his
wealth rapidly accumulated
He and his friends got control of the
Colorado Fuel Company. and when a
scheme was. proposed in 1899 for the mer-
ger Of this with the Colorado Coal and
Iron Company and several other Colorado
concerns. Osgood vas reputed 70 be worth
several million dollars. Osgood, mean
while had established an Office in New
York In the first directory OF the con
scIdated company. under the present
name. there were such men as z. J. Ber-
win. Ernst Thalmann. Paul Morton. and
Henry r Wolcott. \ member Of the
stock Exchange. in referring 70 the first
trading in the new stock on the Exchange
said today that one Of the men mentioned
told Osgo0d that as the head OF the
company he should try 10 make the
stock look attractive and let the public
see The merits OF the company
This was done. said the broker. a
pol 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 az the company cor the pooh found
he had been IMPOSED upon. The 1893 panic
came on a litue later and Of course.
Fuel stock declined with unpleasant r.
suits 10 Osgood- This gave an opportun-
ity for him 20 learn ways % VAL street
David H Morar. President q the First
National Bank Of Denver Is one Of the
best known men in Colorado. being iden-
tded with some Of the most profitable
mines ard being rated many times a nil
loraire he Is described a. good
deh-e-~ ard his scheme 10 set ahead Of
Hartman ard Gouid. il is believed. will
bring out many 81 his strong qualities.
M- Mc~at IS credited with haviu- tie
1f,ores srd other Rock Island people back
of him II is supposed here that he car
ries larse account With ths First Na-
lonal Bank ~ this city ard is 2 consid-
eraais stockholdcr II that institution He
i7 worz.-s il close harmony with Sen
aror Clark whose railroad VII meet chat
of MoTats AZ salt Lake CRY. the tvo
forming 3 continuous line from Denver %
the Pacific Coest
When il IS considered that r c. Ke-ens
a s. LouIs naul -o-ai-e, who Is i5ezu6es
Hlth r. Clay Pierce fl his ambitious rail-
read protests. IS also one Of rhe leading
directors " Sen. Ciarks road & seems
iz-'y thzt t1ere is some common under
standing fer working agreement among
uauy of The railroads already h1iit or
prophecies. Nr Pierce. who Is the south
western representative II the STANDARD
on Company Easr-d some distinction
ID the Heht 90 drive me S-l.uel- Pierce
on Company aur NJ the state ~ Texas.
This company was finally chacSr-ate3-
cut the cu business IS st.u conducted
la that state -ust as effectively through
either companies and sIr. Pierce IS IS
Sreac a power i1 che business SIS ~ vas
before. Re -Srew hts Standard on
connections ana has greatly a65ed 70
bis yves b hE -a--7l5 operations IL
has beer re nrircr1l factor IL The
Fisc3 uansr=e1t fr- some t-e us