The Birmingham age-herald., 1911-04-17
OUTLINES DISPOSAL . OF GREEN MILLIONS Edward Green Discusses
 His Future ADMIRES HIS MOTHER Financiers Say Mrs. Hetty Green Is Behind Times But New Manager of Green Fortune Will Fol
 low Mothers Methods

New York, April 16.-(Special )-Coi. Edward H. R. Green in an interview to day told the plans of his mother, Mrs. Hetty Green, to dispose of millions as was outlined in an exclusive story by the Publishers Press a few weeks ago. Since coming to New York from Texas Colonel Green has gathered the interests of his mother into a s10O, Oo0,000 corporation. It is announced that Mrs Green is to leave the little flat in Hoboken and live with her bachelor son at the Waldorf-Astoria, moving there May l.,
 My grandfather laid the foundation of the fortune of which my mother has asked me to assist her to manage" explained better than to launch my New York ca reer from the same offices which he oc- cupied. They may be vacated May 1, but as my mother never deposes a good tenant, we may have to locate in one of the other buildings down town. My grandfather was an oil king in his period. He practically supplied the east ern states with sperm oil, obtained from whales killed off the coast of Alaska. In those days there was no transportation across the country. After his death pc troeum took place of sperm oil. A new king was crowned in Cleveland. and the whaling industry became memory" With this brief review of the past Col onel Green turned to the future and talked of the plans to handle the great Green estates
 Tn New York our firm will probably be ramed E. H. R. Green & Co.,. and branches will be opened in Boston, Chi cago, Dallas and San Francisco. q am having no end of difficulty in getting the right young men to employ for our branches.
 'I took a young man connected with a down town trust company to the theatre up on the telephone and said he wanted to take me to the theatre.
 Why, so soon?' l asked him.
 '.'Our directors this morning voted me an increase in salary of 5000 a year, he said to me. thought if ] took you to the theatre tonight I might get trip to  Europe for my vacation.
 My mother has always been very par ticular about the reinvestment of the earn ings of her various properties. Her argu- ment has always been that every com niunity should be entitled to the benefit of its own property. Not penny of Boston money is allowed to come to New York. Toledo earnings must be reinvested in To ledo.
 Tn a number of instances my mother has been wonderfully successful from her ventures. I have in mind one case where she bought in piece of property in To- ledo for $40 0000. A railroad station erected near it .nas increased the valuation of the property nearly $100,0O0. have in mind the city of St. Louis, which has suffered untold damage from its worlds fair. Our holdings in Chicago are entirely in the heart of the business section and out Michigan avenue as far as Sixteenth street"
 Colonel Green brides in the Americanism of the family.
 Another point which adds to my pride in the business name which my mother has made is her intense loyalty to the land of her birth Her patriotism has cost her a good many dollars, but l am sure she has no regrets upon that score.
 Below Canal street the modern finan- ciers look upon my mother as behind the times in her way of doing business. Some have volunteered to bring me up-to- date. Others have suggested that l depart from the business methods she has used. Maybe am slow in catching on, but I intend to follow along her lines. If by so doing, l am one-half as fortunate as she has been in her opinions and judg- ments, I will be doing better than any fnancier I have met since making my headquarters here"
 But portion of the Green millions are to be used in developments of the individ- uals of the country. Colonel Green is q believer in the success sof the young Amer ican when trained in the right direction.
 ..I have talked long and earnestly with my mother along this line" said Colonel Green, and when the time comes l am sure that my mother will be found in the fore ranks of those endeavoring to bet ter economic conditions in our land.
 'T have often thought that if every year a half dozen students, fresh from the universities, would go back to their native villages and towns as lawyers, physicians and teachers, with their minds firmly made up to lose no opportunity to speak or to live in favor of the right, de termined to show their colors for justice on every occasion, there would be formed in 25 years time for the good of the country, a new aristocracy which would .nfuse rev principles into, our natural lie. Every young man who sees nothing n life but the pursuit of money and who has no thought of anything else but vulgar pleasures he can buy with 1t. Is a pitiful creature.
 .'Such a disposal of the intelligence of any particular locality would be along the line of my mothers policy with respect to the reinvestments of the earnings of her various properties. If the wealth acquired in a locality is kept there for the benefit of that community why should not the bright young men of that com inunity be offered Inducements to locate at home? The rush to large cities, like New York of the majority of the talent from the small towns. I believe is one of the serious evils of this country. No rand is lifted to stay the flood Even the country bankers send their balances 10 Wall street .o be loaned to the speculative theme.
 Success is nothing short of infinite J.atience There is just as much oppor- tunity in Dallas. Tex, property as there is in Chicago. I should say that the odds re in favor of Dallas. I might say that the same could be said of any other city or town where a young man will refuse to be lazy. but he must be educated up to going back there when his gray matter has been stirred into action by course in a leading college.
 
 R:Irow,y E,,uorn1 HnII