The Minneapolis journal., 1903-03-16
Young Americans Who Do Not
. Have to Rub the Lamp to
& Produce Millions.
James H. Hyde and Young Rookie
feller on the Directory of the
r IT, Missouri Pacific.
How a Member of the Standard Oil
Crowd "Shook" $11,000,O00
at Wall Street One Day. 4
New York Sun Special Service.

Chicago March 16.-William f. Curtis
In a special to the Record Herald says: A
rather important event in the hnanclal
and railway world took place the other
day without attracting much attention.
and it's great significance has been entire
ly overlooked reference is made to the
election of John D. Rockefeller, Jr, and
James II. Hyde to the directory Of the
Missouri Pacific and other railroads of the
Gould system. These two young men,
both of them under so years of age. rep
resent two of the largest financial inter-
ests in the world, unsurpassed in many
respects.
The Rothschild "crowd." as it is called;
the Morgan interests, the Harrimans and
the j. J. Hill combinations control enor-
nous sums Of money and influence, but
none of them can command the ready
capital that lies at the call of Mr. Rock
efeller.
Mr.. Hyde Not Worrying.
Mr.. Hyde, although but 81 years old. is
at the head of one Of the largest and most
influential corporations in the world, the
Equitable Life Insurance company. He
Is not only the head Of that institution
but its absolute owner and dictator. The
capital stock Of the company Is only S109,-
600. although its assets add a thousand
millions. and young Mr.. Hyde is the fortu-
nate owner of $51 900. or fiftyone Of the
100 shares. He inherited this from his
father. who had no superior in recent
generations either in organization or ir
enterprise. He was a man of dictatora
habits and close business methods. and
that great company is a monument tC
his business sagacity and industry. He
surrounded himself with a board Of di-
rectors who control dozen or more OF
the most important financial institutions
In the country. and his assistants were
men selected for their genius in the line
where their services were required.
James II. Hyde. the son, was educated
to take his fathers place and was elected
president of the company at it's first
meeting after his fathers death, when he
was only 25 years old. However. since
he was able to understand anything he
and every one else connected with the
company has known that he was to sue
Ceed his father. and his education anG
training had been governed entirely. with
that end in view. He is a gradual of IIar-
ward. fond of athletic sports. and a well.
rounded scholar He is especially strong
I'm French and has written a book or
certain periods of French history, which
he intends to publish. Young Hyde a1st
has hearty and healthy interest in SO
cia.l affairs. plays a good game of golf anl
tennis. Is a, fine cross-country rider ant
has a stable of thoroughbreds. several O.
which he has himself broken to saddle o.
harness. His life has been clean, and hi
associations are with the best class O
young men in New York. He is interested
in the university settlement work AM
other charitable movements. and stront
supporter of the Young Mems Christian
Association. Altogether there is no NOR,
competent or promising young business
in the United States, and he work
more than EIGHT hours day.
"Young Rockefeller's" Pile.
Young Rockefeller is also college man
a graduate of Brown university. of vigor
Gus constitution, Industrious habits, re
igious tendencies and an ambition to sue
ceed his father as chief dictator of tn
Standard Oil company. His wife. tn
. daughter of Senator Aldrich of Rhod
Island, is young woman of refined tastes
quiet habits and entirely without socia
ambitions. Everybody knows that youn
Rockefeller is heir to the largest forum
in the world, and his annual income wi
be counted by the millions. In fact, tn
Rockefeller family have so much none
that actually they do not know what to d
with it. and with their connections, ca
command a larger amount of spot cas-
than any of the financiers In the world.
They "shook" s11 ,ooo. 1000 at 'Em.
On one occasion, when there was
furry in Wall street, a certain firm {
brokers found themselves in a tight cor
ner. They had several important Gus
toners out Of town, and beyond react
who carried on margins an enormou
amount of a certain stock which was the
being attacked in a desperate manner: b
the bear interests on the stock exchang,
and the banks which held the certificate
for collateral kept calling for more none!
At the crisis, when the last dollar Of tn
resources Of this firm had been advance
to protect its customers, an easy-goin
member of the Standard Oil "crowd
strOled in He discovered the situation
told the brokers' to keep cool and war
dered down to the Standard Oil buldin;
few numbers below on Broadway. l
about ten minutes he returned, and lay
ing s11, 900, 900 upon the desk of the senic
partner, remarked 'Shake that at 'em
This means that the resources back
young Rockefeller are simply meXhaust
BILE. and. like young Hyde. he mas bee
trained with a view of making him con
petent to- handle them .. 49,.
George Gould was taught by his faith,
In the same way, and succeeded him :
the control of what was then the large
railway system in the world. He is tt
absolute master Of the Western Union TIE
egraph com pany and about 5000 miles
railway. which is being gradually extent
ed until very soon he will own the on
through line between the Atlantic al
Pacific oceans. ~
TUE p0W W0NC WHIT DIG