The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-02-03
LOVES GOOD FRIEND
WAS JUDGE MOORE
Rumor Tells of Disagree
ment Before Broker Clos
ed Business Office.

CHICAGO, Feb. 3.-The Chicago
Tribune and the New York Journal to-
day print the following.
The plain facts about the closing OF
the firm of Sidney c. Love & Co. are
coming to light. They reveal one Of
the most remarkable instances Of high
finance (and this tenn is a. polite and
genuemanly Characterization Of the
transaction in the history Of specula-
ton in this country.
When the announcement was made
that Sidney c. Love was gong out OF
business it was stated he had made
enough money to live on, that he was
tired OF business. ana that ne intended
To devote his life to travel and all the
pleasures the world holds out TO good
fellows who know how to enjoy life.
This little narrative was received with
cynical uplifting OF eyebrows by per
sons who had ground floor knowledge
of Mr.. Loves high flying career Of the
last few years. AS the incredulity of
the pubic increased the further state
ment was made thai w. II. Moore, IA
millarly known as Judge" Moore, Of
Diamond Match fame, had come to the
rescue of his old friend and proteEo
Sidney, and had advanced S2,U0O,OO0, to
care for the business abandoned by Mr..
Love.
Mr.. Moore was painted as a fuI-
fiedEed DhilanthrOpist the portrait
being SurmOunted with a halo of SELF
credited also with a COmmendable de-
sire TO aid the financial and commercial
situation in Wall Street and in Chicago
by preventing any dlsagreeable ripple
But Mr.. Moore was shy about $780,
coo through Mr.. Loves inability TO guess
I right on any speculative proposition
under the sun. Whether Mr.. Moore viii
eudeavOr 10 recOup himself or whether
l he VIII set the machinery Of the law
/ in operation is ia open question at the
present moment Mr.. Moore might pos
slDly get back $l,0OJ000, but the chances
are SO remote that il Is hardly likely
that he viii attempt
1t is estimated that light began TO
dawn about the time Of the last Chicago
horse show when Love came to Chicago
/ with Mr.. and Mrs. Reggie Vanderbilt,
and some other Eastern people. Love
had cut into the Vanderbilt set, had a
cottage at Newport, and maintained a
house In New York that must have
/ cost him from $4,000 to $4,000 a year to
run.
one man said today somebody IN
/ Loves office tipped OF to Moore the
! fact that ne was mistaken as 10 the
amount of securities in Mr.. Loves strong
! box. This man is a former emplOye of
I the Love firm, and he commented sadly
| and cynically on a lost opportunity.
| Six years ago." said he, II could have
/ told Mr.. Moore how thoroughly in error
! he was. But did not. Now some other
/ fellow tips 1t OF TO Moore. probably gets
| a good price for his Information and now
l the office Is shut and I'm out on the
| street without a job"
! Another man, however, felt sure that
{ Mr.. Moore himself had discovered his
/ error
J Anyway, no matter how t-,e tip came,
! there was "shOW down." an examin-
/ alton of the strong box "a Mr. Moore
/ found that ne was mistak n by between
! 100000 and $500, 600 as t. the amount
/ OF securities Mr.. Love was holding for
/ him.
/ Mr.. Moore inquired earnestly whether
/ any other gentlemen were suffering
from similar decisions, whether there
/ we're any other customers of M. Love
/ who were mistaken as TO the amount OF
/ securities belonging to them in the Love
} strong box He was asSur- he was the
1 only victim Of such a lamentable math-
/ ematiCal error. All the other big pa
! irons OF the firms had faded away in
/ the last few months.
/ 1t can be stated that Mr.. Loves f1nan-
R ciaI status is like that Of a fat fire.
/ His wife, who was Miss Marjorie Burues
( is not an eight time millionaire, as
/ has been frequently alleged. She. has
! just exactly 81, 900 900 in her own name
! Her funds are in the hands Of Byron L
/ Smith. president OF the Northern Trust
/ Company, as trustee. and they are SO
safeguarded that even If Mrs Love were
1 willing to surrender her fortune TO aid
/ her husband il would be impossible to
/ do so.