Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-09-20
ROGERS HASN'T BEEN sTuNe.
Friends Say He Has Matter OF $500,
600, 900 Left.

New York. Sept. 2O.-Wall street was
startled yesterday by story thai
Henry III. Rogers, vice president OF the
Standard Oil company, had been
.stung'' to the tune OF $40,00O,O00 in his
virginia railroad project and that his
breakd own was due primarily to Wor-
~ over. impending bankruptcy.
While the street was still ponderlns
over the portentous news friends Of
Mr.. Rogers ran about spreading the
tidings that the story was made out Q.
whole cloth, that Mr.. Rogers was stlH
the happy possessor of little fortune
of about $2O0,000,00O, mostly in cash IN
the bank, and that hnally, lar
from being a physical wreck from
money worries, he had quite recovered
from his recent indisposition and IS
feelins, fine for an old man, thank you.
Reports have been current in Wall
street for some time that II. II. Rog-
sers of the Standard Oil company mas
been heavily interested in the IldeWa-
ter railway project in Virginia and
that liz, had, lost heavily by the invest
ment. According to the stories pre-
yiously circulated, upwards of 40 per
cent Of Mr.. Rogers fortune has been
involved in the TideWater investment
Today it was reported that the per-
sonal obligation incurred by Mr.. Rog-
ers amounted to at least $40,0O0,0O0.
The! story that started the financial
district went on to say that to meet
demands in connection with the con-
struction Of the Virginia railroad Mr.
Rogers had been forced to sacrifice
huge blocks of valuable stocks. such as
Standard Oil, Consolidated Gas. I'm
ion Pacific, and ST. Paul.
That was the alarm and 1t was
quickly answered by intimate friends
of Mr.. Rogers thru these reassuring
facts,
Mr.. Rogers has invested about $780,
600. 900 in the Virginia railroad enter
prise. At the outset it was expected
to complete the work in about a year
and half. Mr.. Rogers provided the
bonds during the first year, and when
additional sums were needed resorted
Ito the $1O,0OO.O00 loan which was made
last spring. C. M. Pratt and G. NJ.
Hya,ns are interested with Mr.. Rog-
ers in the Tidewater enterprise.
Has 5000, 100000 Left, However.
Regarding that part of the story
suggesting that Mr.. Rogers had been
forced. to part with some Of his high
priced investment stocks to provide
funds called for by the railroad which
he undertook to build, his friends de-
clared it had no more foundation than
the rumor that 1t was worry over the
Tidewater undertaking which caused
the breakdown in his health.
HIS friends admitted, however, that
Mr.. Rogers did sell large blocks Of
stocks at the high prices which pre-
vailed some time ago. Among them
was a large amount of st. Paul, which
he lis said to have sold practically at
the highest price which that stock
reached. His financial position, it was
asserted, instead of being in any way
uncomfortable is stronger today than
ever in the past.
These friends who spoke for Mr..
Rogers said that his fortunes today
could not be reckoned at less than
5000, ,O0o. 900, and that large share
Of 1T was in cash, as result of the
sales of securities which he made be-
fore the recent collapse I'm prices be-
gan.
]. p. Morgan 6 Co. added to the re-
habilitation of Mr.. Rogers as f1nan-
cial power by issuing formal denial
of report that the firm had taken
over from Kuhn, Loeb & Co. large
block of Union Pacific stock which
the latter had held for the account of
H II. Rogers. The amount of Union
Pacific involved in the rumored trans
action was variously stated from So
600 900 to $50 1000. 900.
Mr.. Rogers big plunge into the rail-
eead business was taken about five