The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-11-13

counsel, being young myself. l studied
law, but with no idea of engaging in
practice. Later / Was admitted to the bar
in. Texas"
-'why did you settle in that state?''
inquired.
I'VE had about 500 miles OF road that
was not doing very well. / sold it of.
piece by piece. but We had 80 miles for
which / could find no purchaser. / made
improvements and built 100 miles OF new
track. and now we have one OF the best
paying properties in the Southwest"
Returns ito Gotham.
"And you are back in New York to re-
main permanently" / said.
Possibly. Ny mother Is seventy-six
years old. She has worked harder than
has any man in New York. She can
work yet but sustained labor. although
her health is good. wearies her. and so
] am here TO share some OF her burdens. =
what personal qualities are necessary
for success in business?'
Il put memory first on the list" Mr.
Green answered. I'VE say that some
particular man is able and brilliant.
What we mean. although We do not real
ize It, is that he has an abnormal mem
DRY. If you viii think the matter over.
you Will see that / am right. Memory
and the genius 10 apply II prevents one
from repeating his mistakes of Judgment
or fact Mrs Green VIII say THAT
transaction referring to a matter tong
since closed, involved the sum OF so26,
429.96 The clerks, before they got used
To il. would open their mouths and eyes
simultaneously. Some man will come IN
and remark that property at Fifth ave-
nue. and Thirty-third street is bound to
increase I'm value. Mr.. So-and-so, mother
will reply, expressed the same opinion
three years ago last September
''Of course, one can be an animated
memory and nothing else. In which event
he is only a drudge. a human ma
chine on two legs. Besides, an extraor-
wisdom, and clear and sure vision. She
has never made any money in specula-
tiou-the Greens don't speculate She
has been what you might call a one-
bank man. You may have noticed that
when currency is scarce in New York
Mrs Green salways has plenty 10
lend on good collateral. There Is no
better judge of omniercial paper IN the
United States. 7 am sure her total losses
on THAI particular kind OF security have
been less than $4,000. Again. showing
her methods OF management, she rarely
If ever sells any OF her property. She
buys it intelligently and then keeps It,
regardless Of market fluctuations or the
increase Of values"
Are there too many Swollen fortunes
as Mr.. Roosevelt calls them. in the
Laws in Texas.
aspfs~ r.-ttg-. g....-x-. ...,....
OF money. We are living in big times
\ half century ago the Astor House,
costing $4,000. was the finest hotel IN
New York. The hotel we are sitting in
tonight cost sl0.O000Oo. We have always
heard that monopolies were about to ruin
the nation. had occasion to examine
some very old American newspapers.
The Pennsylvania Railroad, l read. had
purchased a canal in New Jersey. The
editor. a sober and sagacious man. no
doubt, expressed the disquieting conyic-
ton that the Pennsylvania Railroad. then
about 80 miles long. was trying to
monopoliZe the traffic OF the whole coun-
try. The gloomy warnings we hear now
VIII sound rather funny in the year
1850
The drastic railway legislation OF
Texas ! remarked. does not seem 10
have affected you any
Texas has better laws than New York.
nor DO grafteTs in public Office try 10
blackmaH our big business However,
when a promoter comes along and pro-
poses to build a railroad costing $500
a mile and 10 issue $4,000 OF bonds, he is
stopped by our State officials. He hoWis.
of course, but we hear no complaint from
prospective investors. Railroads are
being built In Texas on an honest basis;
freight rates there are high enough,
and Mrs. Green is satisfied, because her
road is paying per cent a year In diyi-
dends and promptly meeting it's charges
for interest"
Are any dangerous conditions develop
ing in the country"
There are always dangerous condl-
tons in certain localities. No man Is safe
in Wall Street, for instance. at any
time. But the United States, as a whole,
is sound and secure. One may feel out
OF sorts for q day in a week. The rest
of the time he is fine as silk 1t Is so
with business. This is a rich and splen-
did nation. and Wall Street gamblers can
no longer run stocks up or down and
threaten the prosperity of the West
of the bears are noisy parts OF a local
that is of little Importance 10
the rest OF the country"
Brewers Fighting Dives.