The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-09-06

He organized tho Arcade Bailding. one
Of the finest OF its kind in the country and
also one Of the most prosperous. short
time after that he became interested in
the Cuyahoga Building, another big in
stitution. His latest venture in the sky
scrapers Of Cleveland was the construction
OF the Society for Savings Building, In which
his bank is located. 1t was in this building
that an attempt was made to assassinate
Col. Herrck several years ago.
RAPID FORTUNE.
The business career Of the man has been
meteorc. Some one has said that there Is
a potency about one good piece OF luck
which draws another The selection OF Mr..
Herrick as secretary OF the Society for
Savings was touching match to his rocket.
The election to the presidency Of that in
stitution was the beginning Of the ascent.
Since that time he has been luminary.
He is now one Of the principal stock
holders of the National Carbon Company
one Of the big trusts of the country. He
assisted in the organization Of that COM
pany and has had an interest in its growth.
That naturally led him into the Cleveland
Electric Illuminating Company. the lighting
concern for the city Of Cleveland.
Presently Mr. johnson, who is Col. Her.
rick's opponent forl the Governorship OF
Ohio, will bring out an interesting state
ment about the fnancier and politician.
Mr. johnson has been trying to establish
a municipal lighting plant for Cleveland.
An injunction was Terved against that
project in the interest OF the Cleveland
Electric Illuminating Company. But Her.
rick has never appeared as having any
thing whatever TO do with this opposition
to the johnson jects
Two or three years ago the Wabash
Railroad began trying to get into Eastern
territory and needed line Of railroad to
connect it with Pittsburg, it's terminus
being at Toledo. A short time before
that Col. Herrick with Robert Dickens
derfer had been receiver Of the Wheeling
and Lake Erie Railroad.
He had large faith in the possibilities
of that road il properly developed The
belief has been that Mr.. Herrick saw in
the Wheeling a pretty good road to buy
and sell again.
He was related by marriage to the Parme-
lac family Of Cleveland, and he with James
Parmelee and a few others who were as
ISOLATED with the Society OF Savings and
nj her Cleveland banks formed a syndicate
and lifted the Wheeling out OF the hands
of the receivers The syndicate also bought
ont the old Cleveland, Canton and Southern
and united the two railroads.
At that time Herrick WAS director OF
the Missouri Pacific, in which the Goulds
are dominant The Goulds made him
chairman Of the board Of directors Of the
Wheeling, which he sold TO them
He assisted IN engineering transaotlo
in Baltimore by which the Goulds pur-
chased the Western Maryland He Ia
one of the directors and officers Of the
Pittsburg and Toledo line, which IL To bf
the uarent company Of the Goulds N
ohio PENNSYLVANIA and West Virginia
territory
Money mskDs The mare 60, and Hsrrl"h
either has the money himsef or controls
il He wants prefermsnt IN almost any
lin. and he gets II He ~ quoted - HAVING
said some time ago IN connection with
cas-. where a promoter was uYihs '" Wv
some money from his institution
THAT is q great deal like the old FELLOW
who wa. syakened ~ night by his VIE.
who vas sure thsre were burglars 10 thf
house He lay Tor = few minutes ana
i.t-n.d. and then said liz sillI MARY
n IA. xsts anything W. VIII GET up hho
take IL away from him