The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-13
Patterns Trip Abroad Does Not
Indicate That He Has Quit
Wall Street.
HE is JUST GETTING In
SHAPE FOR ANOTHER WH1RL
Declares That So Long as He
Has His Health He Will Be
in Trade.
BY RALPH JOHNSON.
Wlrc TO The Tribune.

BY Leased WHO 10 Inc lTIpuHt'
NEW YORK, March .l2-The fact
..uat james A. Patten, master speculator
in wheat and cotton, has gene on little
iaunt to Europe, does not indicate that
he is out of the game, 'not by no
means" AS matter Of fact, this trip
on inc Mauretania is more in the nature
of u training trip to get Mr., Patten IN
shane for another whirl with the bulls
and the bears. Just before sailing Mt
Patten said;
EsGuess | shall not retire altogether
for many wears yet. All the retiring
have done is to give up the active man
agement Of Bartlett. Patten. q lo, nuI,
of course, if ] do drop IN there IKE
any other customer, and one of the old
clerks or Junior partners, who wlil have
control, should ask my advice, | d help
him out. ! couidn Z say, SHIFT for
Yourselves now, ! IN out of the hIm In
a way a man never retlres. II stlll
have my. investments to look alter
''LoNg as / have my strength | shall
be in trade he continued, And i
am not taking this vacation for my
health, | think I shall be III the game
for a good many years TO come, look
ing down over his well~knlt and stocky
form.
at is hard TO get out of it. Why,
do you know" clapplng one hand lnJ9
honestly believe that old John d, buys
and sells stocks today. IS in the
blood. -
Mr.. Patten denied that any part of
the $20,000,000 he is said TO have made
in speculation is going to pay, for works
of art, "Not me, he said, Some
men, when they get lot of money dis
cover art, / couldn t tell masterpiece
from a chrome. A chance IS all right,
but | do not want TO take long one.
It has been proved that five times as
many art works are imported from the
brush OF each artist as that artist could
do in has life. Art is not for me. -
Curious Businesses.
New York is place of many curious
businesses. There is a demand here for
talents of the most unusual kind and
many man with original ideas who
elsewhere would be looked on as crank
here finds a profitable market for his
wares For instance, there are men in
New York who make big money in The
preparation of telegraph and cable codes
for merchants and bankers. When IT is
known that the telegraph and cable bills
Of some of the big New York houses
amount to anywhere from $4,000 to-
S250,000 a year. even when coded, the
importance or TINS Work can be appfe'
ciated. Then it is important that bust
ness involving millions which must be
transacted by wire should be guarded
against all chances of leaks. To their
credit be 1t said there Is rarely leak
from a telegraph operator. but some of
the messages involving big business
deals might well be worth much money
to outsiders and the code not only mint
mize chances, but removes temptation.
Since the early days of cabling busi
ness men have found it convenient and
economical TO convey information OF
single words or phrases. Such d word
as "Jones' might mean "the price of
wheat has gone up" and contain other
facts regarding the grain market, But
these codes were crude as compared
with those TO be developed later, and
now a man may have little book
weighing a half pound or less represent