The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-03-15
1T SPELLS SUCCESS.

II YOU wish your son to succeed. Il
nancially. at any rate see TO II that
the letter y appears IN the name you
tag him with This should not be treat
ed as a joke. as a little study or the
men famous i'm the financial world VIII
show. There must be some luck that
goes with the letter y It Is the tenth
letter of the alphabet That in itself.
does not mean much. but emitting the
voyyels and counting the cousonguts. We
find that it is the seventh ConsouaUt.
Seven is admittedly a lucky number the
world over Perhaps that is why To
have the letter y in your name goes
far toward helping you to riches, judo
ing from the list that follows Of the bi8s
men in banking, finance and railroad 9
ing.
First. there is John d. Rockefeller.
who. the socialist would have us be
lieve. is gradually getting To own the
whole country. Certain it is that he
does own 4 pretty big slice OF its
weaIth-S5O0. 600. 900 or so. perhaps.
J. Pierpont Morgan. Americas great
est banker. whose wealth runs to $780,
100000 or more should be named next.
Then they, is James Stiilmau- president
Of the National City bank of New York.
the biggest bank i'm the United states.
His bank is sometimes called the
STANDARD Oil bank for its relations
are close with that group Of capitalists,
and Mr.. StiIlman has d family conuec-
ton with the RoCkefeliers through the
marriage Of his daughters. His per
sonal fortune ought to be fully S50,000,-
600. and it may reach 500, 100000
Jacob II. SChiff. head of the great
banking house of Kuhn. Loeb & Co,
probably has a personal fortune of SO
GOO 600. 1t was his firm that bought into
the Northern Pacific railroad back I'm
1901, precipitating conflict with the
Morgan banking house. The Kuhn,
Loeb 6, Co. purchases were for the &C
count of the Union Pacific, while the
Morgan buying was for the Great
Northeru-B Burlington interests. The
panic of May g." that carried ruin
with it to thousands of spectators. was
precipitated by the corner that arose
I'm Northern Pacific stock.
James J. Hill. the famous railroad
man Of the northwest was linked with
Mr.. Morgan as central figure i'm the
Northern Pacific contest and the Nor
gan-Hill interests finally won, after
stress of panic and exciting litigation.
the control of the Northern Pacific. de-
feating Z. II. Hartman, dictator Of the
Union Pacific. Perhaps that was be-
cause Mr.. Hartman has no u in his
name.
Opposed also to Mr.. Hartman is
George J. Gould. who is hard at work
building to the Pacific coast the new
Western Pacific line. which is expected
to cut deeply into transcontineutal bust
ness now going Via the Union Pacific
Mr.. Gould's father was JAY Gould Thus
the y i'm his case may be said 10 ap-
pear doubly.
James SReyer is another great bank
CT of the Wall street district He has
been in charge of the financing Of the
Rock Island company, also a rival OF
the Union Pacific system. Thus Mr.
Hartman may be said to be surrounded
by a whole collection of big men who
have in their names the lucky j..
John ". Gates and James r. Keaue,
are two stock market operators who
for the last half dozen years have beeE
prominent In the Wall street eye. Both
from small beginnings have risen to
control millions. MI Gates one day
bought away a TailrOad-the Louisville
& Nashville-frOm Unsuspecting August
Belmont. who has not any j" in his
name. Then there was a rumpus i'm
Wall street; but Mr.. Morgan prevented
panic by talking the road over from
Mr.. Gates. the latter being willing
John Jacob Astor. the richest real
estate VNiieI ~ WV lpth, may prop
erly be included I'm the list for he IS a
director in many Wall street corpora
tiOns. though he is not active in high
finance, His name is certainly well
supplied with the seventh consOnant
i should not be forgotten that the.
great Equitable Life Assurance contest
the outcome Of which was 50 momen-
tous both TO Wall street and the coun-
I try generally. was started in a person
al squabble between James W. Alexan-
der. president of the company. and
James Hazen Hyde. its vice president.
They both had to quit That perhaps
might not be called lucky for either, but
these men might be referred to as the
exceptions that prove the rule, and, i'm
I any case. al were very rich and very
prominent for time at least.