New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-28
1l0NEL GREEN SITS
IN HIS NEW OFFICE
.,vs Trust Company for Family
80 interests Is Still Far
Away.
osIoe IN MOTHERS PRAISE
...r Putting Through Chicago
proposition She Said Better
Get After Some
More Stuff.

More Stuff.
,.,el Edward II. r. Green. the
,b,,st son OF Mrs. Hetty Green.
'o''-s yesterday. for the first time. his
Ga s. in the financial district. 1t is
70 III Broadway. 1t was not how
ss head Of the Green Trust Com
eve ..o, he sat at his rolltop desk. The
pm ,dea Of forming the Green Trust
VIZ, has temporarily been thrust
aside. ,.
gathers affairs how soon there Will
Green Trust Company. or whether
will be any trust company at all.
"a the colonel yesterday 1T is up to
,ral department to find some way
ubich nv mothers property interests
~ advantageously handled outside
Nv York state by any one trust
COMPANY
u.o,ld he lust the thing. But when
p, come 10 look into it you find there
60 many legal obstacles in states
Id NJ New York 10 conducting the
80 n operations we had in mind that
.,row would only be creating new
So,bsr for himself by organizing such an
,..,tution. That's the way it looks
row.
For instance. in Illinois all we, as
-, cor,panv. would be allowed by law
=. own would be the building in which
=. transacted our business. Good Lord!
mt would we do with the eight mill
- more dollars worth Of real estate
miro, out there? You can't get it
III in a building.
Death Causes Setback.
.,,otoer thing has just occurred TO
q setback 10 our original plans"
-.r,irued the colonel. gravely. Charles
n OGDEN. Of san Antonio, Tex. who
49,. nv mothers chief counsel. died two
weeks ago.
asked if rejection Of the original plan
,,,l5 result in any change in his moth
~. EXPRESSED wish that he should
,-,-o,-iv assume control Of her business
,,,.rssts. estimated TO be worth $780,
.sasoo colonel Green smiled with the
.-,nkne,s Of a boy, and replied;
-ru tell YOU what she said to me to-
s,v about the way I handled that real
,s,a,e proposition for her in Chicago. |
~ maid me about the best compliment
.A., one person can pay TO another. She
aid. Better get after some more stun.
,,s the colonel laughed with every
s,assncs 81 huge satisfaction and enjoy
,s,t Asked for a few particulars OF ms
-, IN that transaction he modestly
continued
The marcel I sold in Chicago was one
nile square. right in the heart Of the
,yvr. Nv mother took it over on fore
,osu-e for $3.50 900 IN 1913. sold 1t
ma price that brought her Az per cent
compound interest on the original loan
since 1873. and then cleaned up for her
$4,000 besides"
Was 1t a difficult thing 70 accom-
rlsh?" he was asked.
20
people wanted the same thing. They got
% bidlins against one another, and l
k EN- bid. Mother was t!ckled TO death.
Whenever the other side get 10 bid
ding against each other l seldom butt
n figure it's best 10 let the other
fellow make something. The fact he's /
bidding shows he expects 70 clean up a !
Little for himself. You know, il would
D deuce ~ a large job if I started in
trying 10 make All the money that was
II this country"
How LONG did IL take you 10 close
The deal'"
I got there at noon and left At
o'clock the next day. Went 10 the thea ,
re- and saw the Yankees beat the White |
sa1 You see all / had 10 do was TO |
q The other side keep on bidding
But didn't enjoy the ball game
rad good seat. but IL made me look !
'siWeen third base and home. I've been /
accustomed 20 sit with view between
hone and first base. was mixed up
re whole time
Business Outlook Bright.
But want to tell you that business
bright all through tho West and
south. The Supreme Court decision has
simulated things Everybody is talking
Brighter They feel it's a very fair de-
esion
And then. fine crop reports are COM
~ IN from al over the West and South.
ana everybody you meet out there says
wei, what's money going 10 be WORTH
" course. a man who has money 10 lend
fees better
never saw. in the eighteen years
1s' have been in the West and South. |
s0en good prospects for cotton, corn and
meat All this has made a wonderful
mango. Everything is accelerated. My
n'ther and have arranged TO loan more
"an 100000 in Texas. 20 be distrib-
"eo In the next two months. This is
sms money We didn't expect 10 be able
pace until next October.
aaVe you raised the interest rate &C
'0'aiasly?' he was asked.
We've raised our rates from 3Ss per
I'm 70 ~ per cent Oh. my. You
vuon't know conditions now. COM
MIL.