New-York tribune., 1912-02-02

inently through the failure OF Daniel J.
Suly & 60. in 1904 1t was Sully's conten-
tion that Mr.. Hawlcy and Frank II. Ray
had had partnership relations with him in
the great cotton speculation which came TO
sudden close with the failure Of SullE &
Co. and the examination subsequently held
disclosed that The late l.. G. Weir. the late
John W. Gates and Anson w. BnrChard
also received part Of the pool profits cf
some of the transactions. 1t was Sullv' 3
contention that some OF his associates,
knowing that he was about to fail, had sold
heavily and so prccpitated the crash.
Mr.. Hawley and Messrs, Ray, Weir,
Gates and Burchard had some time previ-
ously been directors of the Greene Consoli-
dated Copper Company, from the control Of
which they had attempted 10 Gust Colonel
William c. Greene. They retired in April
1904 when the f.. II. Hartman interests
entered the board. Mr.. Hawley had pre-
viously been associated with Mr.. Hartman
in a three -cornered fight in 1902 for control
Of the Colorado Fuel and Iron Company. in
which the Gould interests finally were sue
Cessful.
Newman Erb. one of Mr. Iswleys clos
est DUSliitSS dSS'NlilfSr Sdlh NlldN NV '"N-
ters death would not affect the policy Of
the various roads in which he was inter
ested and that. while he had comprehensive
railroad plans. these were known to his
business associates, who would assist those
who had charge Of his estate in carrying
them out.
So far as the Minneapolis & St Louis
Railway was concerned. Mr.. Erh said. he
was quite sure that Mr.. Hawley's intentions
would he carried our Just as planned.
C. G. o. His Greatest Feat.
Probably Mr.. Hawley's greatest work as
a railroad upbuilder, Mr.. Erb said. was rep
resented by the Chesapeake & ONO. Whcn
he bought the road il was merely coal
carrier to tidcwatcr. barely paying its way.
He saw the possibilities Of making II an
important road by linking II with some "lh"r
road that had an outlet on the lakes thus
enabling il TO get paying traffic both TO ~"
from tldewatcT. AftcG he acquired the
the property he started 10 develop 1t along
these lines, and by acquiring the Hooking
Valley and linking II with the chesapeake
e. Ohio. thus giving the latter road an OUT
LOT at Toledo. he carried out his object ava
made IL the valuable property II - to-day
Mr. Hawley had the reputation OF being
| nerbaps the most taCiturn man IN wan
! street. although his reticencc was never
! accentuated by a disCourteOus manner. lie
! had a pallid complexion. and the absence
of all color combined with the habituai I'M
/ mobility Of his features, made him a hgure
! TO be noticed I'm tho streets of the hnanciaI
district. where he was generally seen walk
ing alone. lie was, indeed, man who
walked alone through life. lie was never
married. and the most intimate Of his bust
ness associates was never fully admitted
! into his confidence.
The estimates OF his fortune made yester-
| dav by his friends varied. remarkably One
| of the men who knew him best venturcd
SO. 600 90 as the probable amount another
| fixed the figure at less than S20,0OoV0, anG
] a third predicted that he would be found
| TO have left nearer 100000 than NOcO,WJ.
Mr. Hawley made his home with niece,
| at No. 10 East Goth street, a house which
| he bought a few years ago, after living
many years in West 54th street and later In
| West 57th street. About ten years ago he
| bought an estate at Babylon. Long Island.
| 10 which he later added largely, and in the
| last few years he lived there during the
| warm weather.
| His living relatives are the niece with
whom he made his home, a nephew, Val
| ter s. Crandcl, who is a member of the
New York Stock Exchange, and a brother,
| William Hawley.
Mr.. Hawley, his friends say. had only
! two hobbies outside Of business They were
horseback riding and fishing. II was only
| within the last three or four years that
his friends were able to get him to take an
interest in anything outside OF his business
affairs. Then he began going off every now
and then for week end, and finally was
induced to take occasional short trips pure
! ly for Eecrcation with some of his friends.
| Recently, also. he had begun to interest
| himself I'm art in a small way, and had pur-
| chased a few pictures and other art treas
ures Outside of these slight diversions
however. he continued TO devote himself
Stricfly to business.