The Detroit times., 1911-08-09

clan living In Paris, and ID. r. Revee.
an intimate friends OF the Gates fam
ny from New York.
For four weeks Gates lowered be-
tween life and death. Again and again
II was believed that he could last but
q few hours, but each time he rallied
IN q way that amazed his physicians
and family and gave rise to hopes that
he would win out.
Gates came to Paris In June to be
treated for the throat. An operation
was performed and he was reported
out OF danger, In fact. was sufficientiy
well to be taken out one day. The
following day he took 10 his bed again.
Serious complications of kidney trou-
bic defeloped. and coon his heart be-
gan to weaken. = -
Gateg body will be taken 20 New
York for burial. leaving here on the
on August 16. Services will be held
In an American church In, Paris on
Saturday. ---A-'-
IN the szrtyf1oa = young salesman
went down. into Texas 10 sell steel
IN the Lone Star state he sold OarDed
wire. miles and miles Of II, for the
great cattle rangss He. OF all men
Interested In the steel wire business,
isss linz. t That wss js Ss W. Oates 9as
product or an Illinois farm and the
graduate OF an Illinois hardware store.
He saw that AZ some day the entire
southwest would be fenced In with
barbed wire. and he determined that u
would be he who would reap profits OF
his foresight. He gave up his job as
salesman. and with a partner put up
4 go I "a q ar
with which thsir, arst start in making
barbed wire began. Week after week
they divided so per cent dividends. in
creasipg thsir capital from time TO
IN 1926 Gates secured control Of the
organized the Federal Steel Co, With a.
capital stock Of ysO.oo0.00O. Then he
began TO be called into the councils of
the eseaptains Of industry" AT one OF
these meetings JamsssJ. Hill told him
that Morgan was worrying about the
steel Industry. Gates saw way out,
which would take n his Federal Steel
CO. and his equally large American
Steel q Wire CO. He said that Il was
he and not Morgan who conceived the
!osa or building up mammoth steel
The steel trust formed Gates became
q big operator on wall-st making
pig winnings and suffering big losses
~
born gambler and was this time nick
named "Bet-Yer-a Million" Gates
His operation In Louisville d Nash
vile was Spectacular. The road was
under the conservative management OF
August Belmont Gates formed a syn
dioate 20 get control Belmont awoke
70 the fact too late. Within elk weeks
Gates and his associates had zoe. 900
shares and controlled 100000 others
Morgan. obtecting 60 gentlemen buy
Ing railroads over night" had TO save
the situation" IL ~ estimated the prof.
its OF the Gates pool were 5000 600
Gates was forEetful. NO he said. once
be carried q check for 81, ESQ, 900 around
IN his pocket until requested 10 cash
A 90 books might be balanced In
1904 after astonishing. Europe, Gates
came back TO New York with barbarIc
pearls and gold. on his clothes, the
1Doils OF London he paid 1880 duty
IN dos collar Of pearls and diamonds
$4,000 He was going away rejoicing
when 4 collector asked about a $4,000
beafl necklace That's true" said
Gates. ~ forgot 10 declare the darned
fhinet, His forEetfulhess cost him
~ ~ ~. see 600. 900 stock Of the amer
itol steel q wire Co. t2,O10.0Oe disap-
bsafed and Oates had forgotten"