The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-03
WEALTHY WOMEN At
WORK ON NEW LIVES
CustOdians of Vast Fortunes
May Organize to Reform
Wall Street.
Continued From Page One.

Mrs. John w. Mackey OF the Pacific
coast Other women of vast financial
potentialities in New York City are Hetty
Green. Helen Gould and Mrs. Cornelius
Vanderbilt. and there are Mrs. William
Thaw of Plttsburg, Mrs. Stephen B. FL
klns of West Virginia and many others
little known; but of great wealth,
Michigan city. for example. there are
widows Of the last decades lumber kings
VINO own fortunes aggresating over S2o,
900 900.
The movement has been definitely start
ed by mailing 10 these women. to a num-
ber of exactly fifty, a letter calling their
attention TO the potential power of their
formation Of an organization designed 10
put II to the best use possible. Already
several New York women have indorsed
the idea with enthusiasm and within Il
week or two representatives will come In
from such OF the others as are at present
In this country.
Plan Is Proposed.
The letter reads as follows:
This vast aggregate OF wealth now
In the hands OF women who have no
interest In swelling it, but who. pre-,
account. could. II operated according TO
an Intelligent and carefully considered
system and managed with d definite end
In view. accomplish something closely
these and other women. including YOUR
self. have done and are doing much
toward the furtheranee OF philanthTopic
far beyond mere philanthropy. This
wealth. II pooled for the purpose and
managed with intelligence, IS potentially
capable OF conduering some OF the great
national evils. and notably some of those
connected directly or indirectly with the
Objectionable methods of modern finance
and the administration OF great enter
priscs.
This wealth In the hands OF agents
often scarcely subject TO supervision.
doubtless has been often used for the
purposes OF which the women had they
been cognizant OF them, would certainly
have disapDroved. Through this plan Ii
is hoped and believed that this condi-
tion of affairs can be to n considerable
extent corrected"
News OF the proposed organization OF
rich women reached Wall street for the
first time Friday and carried consterna-
tlon into the presidential offices OF more
the women can. il they go at II earnest
ly. upset many well-laid plans none dare
deny, and they seem to have gone n II
In a busiuessllke and earnest manner "a
accomplish real results.
At present details arc being guarded
with the utmost care.
Within a week or two definite knowl
edge OF the scheme of Organization and
the names OF those who have beyond
doubt Joined II, will doubtless be I'm the
hands of financial leaders. In the mean
BILE anxiety for the information,
Specializing on Outcome.
What such All alliance might accom-
plsh Is indeed an interesting subject for
speculation, 1t is doubtful II any grour
OF male capitalists representing such
vast interests has ever been formed In
this or any other country. II Is certain |
that many OF the women are anxious to
put tho mighty fortunes left them by
their husbands 10 good, practical use |
and II is sure that many OF them are dis |
gusted by the ineffectlveness OF much Of
the philanthropic accomplishments which |
have resulted from many fortunes and |
they wish TO do something that. not only |
during their lifetime but after they |
have passed away, will accomplish that
for the real good OF humanity. and II Is |
believed that many CT them have al |
ready subscribed to the new theory |
that this may best be done through |
I'D. by means of the vast power |
Of their capital. some OF the polluted |
spots In American finance than by any |
other method.
At any rate the experiment IL we'll |
worth watching. II has undoubtedly al |
ready started many men in the financial |
field OF A succession OF sleepless nights. |