Omaha daily bee., 1911-04-17
COL. GREEN TO START BANKS
Will Follow Plans Of Mother in Hand
ling Her Fortune.
TAKES UP RESIDENCE IN GOTHAM


gram. )-Colonel Edward H. r. Green, in
an interview today. told the plans OF his
mother. Mrs. Hetty Green, to dispose OF
millions
Since coming to New York from Texas,
Colonel Green has gathered the interests of
his mother into a 800, 900 600 corporation. It
is announced that Mrs. Green is to leave
the little flat in Hoboken and live with
her bachelor SOL at the Waldorf Astoria,
moving there May 1.
MY grandfather laid the foundation of
the fortune which my mother has asked
me to assist her to manage" explained
Colonel Green.
IL should like nothing better than to
launch my New York career from the
same offices which he occupied. They
may be vacated May l. but as my mother
never dispossesses a good tenant, we may
have to locate in one of our other buildings
down town
My grandfather was an oil king in his
period. He practically supplied the eastern
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. petroleum
took the place of sperm Oh A new oil
king was crowned in Cleveland and the
whaling Industry became a memory"
with this brief review of the past,
Colonel Green turned to the future and
talked of the plans to handle the great
Green estate.
Branch offices in West.
"In New York our firm will probably
be named E. H. r. Green & Co
Branches will be opened in Boston
Chicago, Dallas and San Francisco am
having no end of difficulty in getting the
right young men to employ for our
branches. l took young man connected
with a downtown trust company to the
theater the other night. Next day he called
me up on the telephone and said he wanted
to take me to the theater.
why so soon? l asked him. our
directors this morning voted me an in
crease in salary of $1,000 year he said
to me. thought II took you to the
theater tonight 1 might get a trip to
Europe for my vacation.
MY mother has always been very par
! tioular about the reinvestment Of the earn
ings from her various properties. Her
argument has always been that every
community should be entitled to the benefit
of it's own property. Not penny Of Boston
money is allowed to come to New York.
Toledo earnings must be reinvested in
Toledo.
I'm a number of instances my mother
has been wonderfully successful from her
ventures. l have in mind one case where
she bought in a piece of property in
| Toledo for $4,000. A railroad station
| erected near her holdings has given
them a value of nearly $4,000. In other
! cases property we have loaned upon has
greatly deprecated in value l have in
mind in the city of st. Louis which has
! gtfff koII
fair. Our holdings in Chicago are entirely
in the heart of the business section and
out Michigan avenue as far as Sixteenth
street"
Proud of His Family.
Colonel Green prides 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
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
nave volunteered to bring me up to date
Others have suggested that depart from
| the business methods she used Mayhe
am slow in catching on. but / intend
l am one-half as fortunate as she has
been in her opinions and judgments 1 viii
be doing better than any financier l have
met since making my headquarters here d"
! But portion of the Green millions are
| 10 be used in the development of the
individuals of the country. Colonel Green
is believer in the success of the Young
American when trained in the right dir.c.
ton.
Il have talked long and earnestly with
my mother along this line" said Colonel
Green, and when the time comes 1 am
sure that my mother will be found in the
fore ranks OF those endeavoring to better
economic conditions in our land
The PitifuI Creature.
! Il have often thought that IL every wear
half dozen students fresh from the uni-
Versities would go back to their native
VllIages and towns as lawyers. physicians
ana teachers with their minds firmly made
| up 10 lose no opportunity to speak or to
! live In favor Of the right determined m
show their colors for justice on every oc.
casion, there would be formed in twenty
five years time for the good OF the coun-
try a new aristocracy which would in
fuse new principles into our national life
| Every young man who sees nothing in
| life but the pursuit Of mony and who has
no thought Of anything else but vulgar
! pleasures he can buy with II is a pitjfuI
| Creature.
! Such disposal OF the intelligence NJ
any particular locality would be along the
line OF my mothers policy with respect to
the reinvestments OF the earnings from her
various properties. II the wealth ACQUIRED
in locality is kept there for the benefit
! OF that community, why should not the
/ bright young men of that community be
/ offered inducements to locate at home?
/ The rush to large cities like New York
| Of the majority Of the talent from the
small town, | believe, is one of the seri
Gus evils OF this country. No hand is
lifted to stay the flood. Even the coun-
! try bankers send their balances 10 wal
street TO be loaned to the speculative
/ theme.
Success is nothing short OF infinite
patience. Thele is just as much oppor-
/ tunity in Dallas. Tex, properly financed
as there is in Chicago. | should saw the
odds are in favor OF Dallas. The same car
be said of any other city or town wbsrs
a young man will refuse to be law. Ru,