The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-08-23

= CARCE turned % years Of age,
Clarence II. Mackay now occupies
one Of the most prominent posi-
tions in the business world as president
Of the Postal Telegraph and CONNER
cial Gable companies. So many young
men are being placed in positions Of
large responsibility that this injection
of young blood into the large corpora
tions Of the country has come to be a
question Of remark. Mr.. Mackay is the
youngest Of these young leaders Of
business and finance.
For that reason-because he feels his
youth-he is 10th to bring himself into
prominence by talking about his al
fairs. Mr.. Mackay occupies the Dromi-
nent position he holds as a legacy from
his father. His rule for business sue
cess is to devote his attention strictly
to his task and to follow as closely as
possible in the footsteps of his father,
John W. Mackay.
The son had a careful schooling in
order that he might fill acceptably the
position of the father. AS a director
OF the Postal Telegraph company every
branch, every detail of the plant and
service was passed before him. Ii was
his fathers aim in life 10 leave his son
prepared to carry on the work he had
begun in various directions, and the
son has accepted and is manfully full
filling his fathers wishes.
$50
While the elder Mackay was engaged
I'm many enterprises, that OF building a
BILE to the Orient was always his pet
hobby. According to the Worlds in
formant. the mechanical obstacles did
not figure for a moment in this desire.
Congress. it Is said. was the greatest
stumbling block to be encountered in
building the Pacific cable. The ques-
tions Of private ownership were tooth
some morsels for the opponents of the
cable. Government ownership was
wanted. and this line of argument in
congress was the greatest obstacle
toward it's completion the Commercial
Pacific Gable company encountered.
II took eighteen months to build the
cable and all through the different
phases OF construction Clarence w.
Mackay was a close observer. When
an attempt was made TO land the san
Francisco end last December, Mr..
Mackay was injured in an endeavor 10
loosen a hawser that had become
jammed in the post He took a hand
at the work himself and received quite
n number of bruises when the hawser
suddenly freed itself.
The cost of the Pacific cable was be-
tween $4,000. 900 and $40. 900 900. and Mr.
enterprise where his father had left OF
The salient point OF benefit from the
opening Of this new round the world
line. according to Mr.. Mackay, is that
70 opens the trade Of the Orient From
a government standpoint II will save
the United States between $500. 900 ami
$500. 600 annually I'm cable tolls. This is
I'm time Of peace. In time Of war the
entire cable will be turned over to the
government for its use. This is an en-
tirely voluntary act on the part Of the
cable company and Is in accordance
with the wishes Of the elder and young
er Mackay. AS the latter puts It, TT
Is an American institution and in times
OF war the American government shall
have the full use Of it,"
tt is said that when this information
was first conveyed TO the government
it created surprise. II was even better
than was expected. S there was no
government subsidy to aid the COM
pletion of the line
Mr.. Mackay. in assuming his fathers
duties says he was aided by able lieu
tenants. OF course ne had had training
as a director in the Postal Telegraph
company. but without the aid of his as
sistants he is modest enough to say he
would not have been able to carry. on
the work so well.
As 20 Mr.. Mackay's life. about his
only recreation these days is taken at
his summer home. Roslvn. L. l.. or on
his chartered yacht, Col0nia. in which
he makes the trip from the country to
the city ard back each day. He is in
his Office every day i'm the week. except
an occasional Saturday from Q in the
morning until in the evening. and his
capacity for work has been remarked
by everyone who comes in contact with
him.
Although an all-around athlete. Mr.
Mackay has paid little attention TO
athletics since his fathers death. He
seems to have settled down in the bus
iness rut He is an expert racquet
player. but even this, his favOrite sport.
he has not INDUCED in. He still keeps
a stable Of polo ponies. but does not
play the game.
Since he disposed Of his racing stable
81 Saratoga in August last year Mr..
Mackay has not owned n race horse.
His stable was one of the best on the
turf. but when his father died young
Mr Mackay cabled from his bedside tn
his trainer Charlie" Hill. TO sell every
horse he had, and they were disposed