Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-08-09
AMERICAN FlNANcIER GAINED
FRIENDS az LONG STRUGGLE
AGAINST DISEASE.
HAD MANY LARGE INTERESTS
ESTATE OF $4,000 yooo
Body to 30 Brought to United States,
Following Funeral Services Next
Saturday in American Church in
Paris-Gates Made Fortune in Barb
Wire and Steel Companies.

Paris, Aug. 9.-The death this morn
ing Of John w. Gates. the American
f1nancier has called forth many express
sions OF regret not only from his wide
circle OF acquaintances. but from scores
of Parisians who knew him only as a
bold and successful business man and
had been deeply moved by the courage
Gus struggle which he had made
against an illness, the fatal outcome OF
which had been feared.
Mrs. Gates and her son, Charles G.
Gates, are much worn by their long
period Of anxiety and nursing and much
sympathy for them is expressed. AS
soon as word Of Mr.. Gates death ilad
been cabled to America messages Of
coincidence commenced to arrive at
their hotel from friends and business
associates in the United States and
elsewhere.
All arrangements for the disposition
Of the body have been made by Harry
St. Francisco Black, president Of the
United States Realty and Improvement
Company. Of New York.
Estate May Reach $40000,0oo.
Some of those here who were near
Mr.. Gates estimated that his estate
will be found to be nearer $40,000,000
than $30,00O,00o.
The body Of Mr. Gates will be placed
in vault In the observation-disclosures
American church In the Rue de Berri.
where It will remain until taken aboard
a steamer for removal to the United
States. The funeral will be held at this
church Saturday. The body will prob
ably be taken home on the Kaiser VIII
helm der Crosse, which will sail from
Cherbourg on Wednesday Of next week
Dies in Arms Of Wife.
Paris. Aug. John W. Gates, the
American fnancier, died at $40 this
morning in the arms Of his wife and
his son, Charles G. Gates. The end was
peaceful and it seemed as tho he was
falling asleep. The usual restoratives
failed in the last crisis. Others present
at the bedside besides the members Of
the family were Drs. Gros and Reeves.
The death Of John Warne Gates in
Paris today. removes In his prime one
Of the boldest and most successful
American financiers. and a picturesque
figure in the field of sports. Since 1880,
when he organized the Southern Wire
Company. Mr.. Gates has been a man
with whom it was necessary to reckon
in the particular industrial affairs to
which he had given his attention. In
recent years he found relaxation from
business cares IN becoming promin-
ent patron Of the American turf
Mr.. Gates began his business career
as proprietor Of a hardware store at
Turner Junction. ILL.,, near the farm
where he was born in 1855. His par
ents were Asel A. and Mary Gates. At
St. Charles, ILL.,. in 1874. he married
Dellora r. Baker, who with their son,
Charles G. Gates. survives. The family
had maintained a home in New York
City for some years.
From a hardware merchant, Mr..
Gates became interested in barbed
wire. first as a salesman and later as
a manufacturer in st. Louis. Following
the Southern Wire Company. he or
ganized the Braddox (Pa.) Wire Com
pany, which, in 1892, he combined with
other wire concerns as the Console
dated Steel and Wire Company
Later this was sold to the Federal
Steel Company. In 1898 he organized
the American Steel and Wire Company,
now a subsidiary of the United States
Steel Corporation.
He held control OF the Louisville &
Nashville railroad and was q director
of the Baltimore & Ohio railroad.
Coal. Iron and Railroad Company, Am
011~
and Steel Company Of New Jersey and
other concerns.
The Wall street house OF Charles G..
Gates a Co. of which the son was the
ostensible head. did a great business
for some time preceding the banking
troubles in 1907. In common with many
other flnanciers. Mr.. Gates suffered
some reverses, and soon afterwards re-
tired from the market and the firm wa4
dissolved.
In politics Mr.. Gates was a republi-
can and was a colonel on the staff of
Governor Tanner Of Illinois in 1897
| 1900. He was man Of great energy,
shrewd and resourceful; a hard fight
er and a good loser; and one whose
| wiling hess &c ".:!sc chence'' on any
| reasonable proposition gave him wide
popularity in the realms Of finance.
In middle life he was many times a
millionaire and at the time Of his death
was fast recouping the losses of a few
years ago.
Mournod at Port Arthur.
Port Arthur. Tex, Aug. 9.-John W.
Gates. the financier who died in Paris
today. was largely interested In the
business affairs Of Port Arthur.
Mr.. Gates was stocleholder In the
Kansas City Southern and built q sum-
mer homo here. He presented the city
with a hospital as . memorial to his