The Birmingham age-herald., 1911-01-30
GREEN MILLIONS ID
 BE WISELY HANDLED Hetty Greens Son Has Exten-
 sive Plans for Future PROVISION FOR MANY E. IT. R Graau S.~r. m -x xI,. rpI.u Js
PROVISION FOR MANY
E. HI. R. Green Says That His Plan Is to Provide Life Jobs for Men Rather Than Small Chari-
 ty for n Day

New York, January )-Col. Edward H. R. Green, the big. brainy, orawny son of the richest woman in the world, who has come to New York to become the active manager of his mothers s vast interests, has conceived big idea concerning the handling of those in | terests. This was brought out tonight during an interview
 "Colonel,'' said the reporter, your mothers wealth is estimated at upwards of S100, 100000. Now statisticians tell us that wealth, which is being constantly loaned out and turned over and invested in new enterprises, such as the Green fortune, increases at a maximum rate of 10 per cent year. Thus your s1Oo,- 100000 of today becomes s2Oo,0O0,Oo 900 or $500, e00000. Now, aren't you afraid this almost inconceivable amount of wealth will be- come a sort of twentieth century Frank enstein-centralizing wealth in one per- sons hands, throttling competition and threatening the economic independence of the country?"
 The answer came unhesitatingly:
 ''No, l believe that my own and my hiOeiCl Q loi lulc uLQtT OuI will become a most positive source of good for the whole country" he said. Tt is true that 1t will increase in amount, perhaps, in the proportion you mention, but this wealth will benefit the whole country. It is a well-known axiom in economies that the creation of new wealth benefits everybody. It is like making corn grow in arid spots. l might compare wealth that is out working, creating new wealth. to the loam depos- tied by the Nile which enriches the whole territory through which the river flows.
 'I might endow charities or bestow mil lions upon various philanthropies but have learned that inherited wealth is put to its best use when it creates the great est possible number of life jobs, rather than when 1t satisfies the hunger of day. It is true that this wealth of ours will benefit us when we create new wealth with it, but it will also vastly benefit thousands upon thousands of other Amer icans
 T employ several thousand men upon my property in Texas All are benefici= aries of the life job theory. We have also properties in other parts of the coun- try, mines and mills and manufactores and stocks and bonds in almost every railroad Tn the country. l suppose we have a large hand in individual business that employ perhaps 100000 men. This means that 5oO0O0 people-the men and their families-are earning their living partly through our management.
 Now, suppose this wealth should be swept away. Don't you see that not only two individuals, myself and my mother, would be ruined, but also thousands of others.
 T have learned that it is only when money Is stored and hoarded away in vaults that it becomes dangerous. Then
 it is liable to upset our financial system and overturn our currency.
 q believe, and my mother agrees with me, that to give a man a job for life is better than to supply him with turkey dinner for a day or week or a month";
 The colonel is never so enthusiastic as when talking about Texas.
 There is no doubt about it, the Lone Star state is a real place. A young man without money and friends can't do much more than make a bare living in New York. Now, out in Texas, if he hasV Vany money at all, he can make good with a vengeance. That's the place for young man."