New-York tribune., 1911-01-31
WILL FOLLOW MOTHER
Lending Money on First Mort
cages, Colonel Green's Plan.
NOT HIS DESIRE, HOWEVER
Would Grow Flowers and Talk to
Reporters if He Had His
Own Way About 1t.

Colonel Edward ". r. Green son Of Mrs
Hetty Green. sale yesterday at the Wal
dorf that the lawyer who had been en-
ployed by MIN 10 draw up the organiza-
ton papers for the new trust company as
now on his way 10 this city from San An
tonic Tex The lawyers name is Charles
w. Ogden who. il is understood, will be
director IN the new company. Colonel
Green said the board Of directors OF the
new trust company would he composed of
five or seven men He has invited TWO men
Of New York City, two in Chicago and one
or two men from Texas to act in that ca
pacity. Asked II the capitalization Of the
trust company being formed to handle the
Green interests had been determined, the
colonel said:
mo, but that can he easily arranged.
will make It any amount that the gentle
men composing the BOARD Of directors sug-
gest."
You were interested in flying machines
some time aso will YOU invest in them as
a commercial proposition, perhaps manu-
featuring aeroplanes?" he was asked
Lord. no." ne replied. II won't indulge
in any Industrial psstmes. mean ! could
invest in a flying machine factory or a
buggy spokes shop and lose a lot Of money
haven't any inclination tha, way. don't
aspire to be known as an industrial king
Lending money Is tho best way 10 keep
what YOU have and turn ii into a little hit
more"
Lending IN first mortgages?
Yes. Just as my mother has done.
"Win you accept deposits az your new
trust company
Not if I have my way about II. the
colonel replied. II suppose III be chairman
OF the board although, If I could get some
good man 10 take my place I'd he glad
enough 10 do II. But, understand. | don
mean 10 he tied down 10 a desk every day
] Will act IN an advisory capacity. No,
don't see why ne should burden ourselves
| looking after other peoples money. That's
why We are getting up the new trust com
| pany, 10 help us take care Of what we've
| got, not 70 bother our heads about the
money Of 2 whole lot Of people We don't
know"
Colonel Green said that any money for
charity. or uplift of humanity, or any
| thing Of that sort would he attended tc
by his mother first, n ~ all.
OF thing" he said Old friends ! never
J saw before strike me for anything from Il
cents up. ! meet 'em all over the country
The other day man said he met me at d
political convention Wei. was there.
| couldn't deny H. He wantei 10 cents.
gave him a newspaper and told him tc
| stand on the corner. I've had 'em stand
| ins on the corner for two hours. If they
will do that. then ! give them something
But my motto is they've got to work for IL
| III 4, man says. Mr. Green. ! was out
last night and I'm ell in. Give me some.
/ that kind Of 2 man something. especially
| il he looks the part. ! tell them TO get q
cup of coffee OF course I suppose they
| don't always call for coffee. But there is
something honest about who tells
/ YOU he wants drink. and you've got 10
/ pass it To the man these days who is hon
/ est"
| Colonel Green said he would take sport
1 ing interest in aeronautics. 81 did that i'm
the case Of the automobile. ami it cost me
| good deal Of money. But I was glad 70
do It, Aviation is thing that has come TO
I stay. mean to lend it any benefit that
NAV follow as tho result Of my patronage
/ "If YOU could follow Your incinations en-
/ tirey. colonel what would YOU do?'
/ Grow flowers, I suppose, and talk to re-
porters." he replied. his ample shoulders
/ hcaving and his senial face beaming with
great good nature.