New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-01
MANY WALLST. CHANGES
Reported Retirement of John ".
Gates and Son Confirmed.

Announcement in The Tribune yesterday that
John W Gates and his son. Charles G. Gates
would retire from active Wall Street business was
confirmed in the following statement issued last
night by Charles G. Gates:
lnasmuch as there have been several newspaper
reports to the effect that my firm Is going out Of
business. and numerous inquiries have been re-
celVed from all parts Of the United States regard
ing the same, wish to state that the firm of
olartes u. Gates q Co VIII be dissolved on or
ABOUT June l. Several Of the partners will con-
tinue in the commission business by making
connections. but with whom am not at liberty TO
state. My father and I will retire from active Wall
Street business for year or SO and travel, and
interests
On June l Charles G. Gates will have rounded
out ten years of business experience a banker
and broker. and in that time he has accumulated
large fortune In 1897 he entered the firm of Bald
win, Quincy & Co, of Chicago. and subsequently
was partner IN the firm Harris. Gates & Co,
Of this city and Chicago. and latterly senior men,
Der of Charles g. Gates & Co.. in which his father
was special partner.
The operations of the firm have been conspicuous
in recent years, and they have represented in great
part the transactions of the so-called Western ee
ment," who are credited with being the largest
''pungers ever known in the history of the Street
The dissolution of the firm brings up the ques
ton to what will become Of the Tennessee Coal
and Iron pool 1t is at least certain that the stock
has not been sold in the market. but 1t may
have passed to other hands ct private sale.
Many announcements of Wall Street firm changes
The firm of H. L. Horton & Co., H L. Horton,
John G. O'keeffe, Philip T. Brown, F. w. Anness
and c. B. Mears, expired by limitation yesterday,
and H. J.. Horton. f. W. Anness and c. B. Mears
formed new copartnership. and Will continue IN
business under the firm name, II. L. Hor-
ton q Co. at No. &c Broadway. r. w. Lancaster
and N ID. Lancaster retire from the firm of r. a.
Lancaster & Sons to-day, but the firm Will be con-
tlnued under the same name by Edward Morgan,
u, and Wallace Scott. The withdrawal OF David
{. Halsted from the Stock Exchange firm of Was
sermlnn Brothers is announced The business will
be continued under the same firm name by Jesse
Wassermann. Edward Wassermann and John J.
the firm; Ward Campbell has been admitted to
partnership in the firm of F. S. Snithers Il Co,
W. IS. WaldrOn Tetres from the Stock Exchange
firm of II. L. Carey & Co. The business Will be
continued by Samuel +. STREET. Henry f. Taylor
and Raymond L. STREET Henry T. Carey and Al
eXander Harvey Tiers will be special partners. The
stock Exchange firm of Taylor & Smith, consisting
or W. X, X. Taylor and A J. Smith. dissolves to-
day and Will be succeeded by a firm STYLED
Taylor, Smith & Evans. The new firm will be
composed of W. r. X. TAYLOR. a. J. Smith and
Daniel ". Evans, which will continue business at
the old FIRMS Offices. No. 40 Wall street The firm
sen Rhoades has associated himself as a partner of
A Mitchell Hall, I'd. and they will continue n
general investment and commission business at the
address Of the old firm No Wall street under
the name OF Rhoades & Co. Woodward Rabcocl.
WithdTaWS from the firm of HOLSTER q Rabcock
10 enter the firm of Harris. Winthrop & Co on May
! George a. Mcclellan. formerly of Granger, Far
well 4 Co. and Hugh Blythe have also been adj
mitted TO the firm.