Richmond daily palladium. [volume] (Richmond, Ind.) 1905-1906, 1906-01-26
FORTUNES ARE
WON IN A Year
SENATOR CLARK, COPPER KING
HAS DOUBLED his NU-
NERVOUS MILLIONS.
G~ATES'PROFITS s1O,OOO,OOO
Others Who Have Added to Already
Large Fortunes on Wall
Street in 1905.
G~ATESPROF|TS s1o,OOO,OOO

WV vi ooh' -cf
Gus fortunes have been made n Wall
Street the last year To name the
big winners of the stock market Is
only to recount the men already rich
and known to the public. No new
multi-millionaire has come up. The
prizes have gone to the same men
who get them year after year, says a
New York letter to the Kansas City
Star. The public has held aloof, as
usual, while there was money to be
made. Such men as Andrew Carne-
gle, J. P. Morgan, j. j.. Hill, Jacob
Schiff, the Vanderbilts, Hartman
and John d. Rockefeller, have be-
come so rich it is no longer interest
ing to tell of their added wealth, for
they themselves or for the public.
These men are so rich it is inn.
possible to enjoy the pursuit. 1t
takes dollar chasers like John w.
Gates, Joseph Hoadley, Jefferson M.
Levy, Charles M. Schwab or Edward
Wasserman to stir the blood-and
all of these have won millions in the
last year. Gates has had his usual
fun with the conservative ele-
ment. He scared j. P. Morgan in
to taking :the Cincinnati, Hamilton &
Dayton railroad off Zimmerman's
hands and laughed heartily when
Morgan discovered it was a gold
brick.
With the aid Of Joseph III. Hoadley
he captured the great Tennessee Coal
and Iron company, and is even now
organizing a new steel trust which
he intends to force Morgan to pur-
chase for the United States Steel
Corporation. Part of the price to be
exacted will be a seat for Gates on
the Steel Trust board. Gates has
made all the money he wants, and he
as in high finances for the excitement
of the thing. He likes action, and
for that reason has been one Of the
leading spirits in the Anaconda and
Amalgamated moves the last few
years. His profits for the year may
be placed at ten million dollars con-
servatively.
But Congressman Levy is probably
as heavy a winner as Gates for the
year. He has been singularly fortu-
nate in every move he has made. He
is perhaps the largest private stock
holder in the world of Canadian Pa
cifc, the "Soo' issues and Anacon-
da. He got his line of these below
par-all of them. Canadian Pacific
has advanced $40 a share in the last
year and the $500 stock $50, and
Anaconda has nearly trebled in val
ne. He is one of the international
operators and begins his day Of trad
ING at his 5 O'Clock breakfast with
cabled orders to London. 1t was Lee
Wy who first discovered the great val
ne of Anaconda, and he was one of
the first to accept the theory that the
tremendous output Of gold meant
fabulously high prices for stocks.
Senator w. A. Clark, has added so
per cen to his fortune in the year
by discovering in his mines the same
vein of ore that has sent Anaconda
leaping to such dizzy prices. Hoad-
ley's winnings for the year have not
all been turned in cash, not, indeed,
are they all safe yet, for he has mil
lions involved in cotton. All the
money he made in cornering the
Tennessee Coal and Iron Company
has been pledged to support the cam
paign of the planters in cotton. II
is well understood in Wall street now
that control of that company passed
to Gates through Hoadley last spring
hut Gates went through the formal
ty of a campaign this winer to relieve
the "Hanover bank crowd'' of the
shame of having to admit defeat in 8
stock market battle with Hoadley
Hoadley is a good-natured man ane