The Ontario Argus. (Ontario, Or.) 1???-1947, 1914-02-19
Many Exciting Experiences In
His Short Career.
100000 A YEAR IN TIPS


Charles G.. Gates. dead at thirty-ssv-
llfe." Following in the footsteps Of
his father, John w. Gates, I'm the law
ish distribution OF tips, gaming for
high stakes and plunging I'm the stock
market, he made himself conspicuous
also I'm the last few years for his rec.
ord breaking dashes across the coDtl-
nent I'm special trains. II was on one
Of these occasions that a friend asked
him why he spent thousands OF dollars
TO get to New York n few minutes
sooner. and he replied, Speed IL life"
II was not until he went to New
York ten or twelve years ago that he
began to loom up in the news columns.
AS a youth he had been I'm the steel
and wire business with his father and
later had entered Chicago brokerage
firm. where he learned the details Of
the business. Then he went east and
bought seat on the Stock Exchange.
Did a Huge Wall Street Business.
The heavy operations OF John w.
Gates were transferred 10 Charles q.
Gates & Co, In which the father was
n member. and In the boom times that
preceded the panic OF 1907 II did a tro.
usual for the firm TO carry at times
more than Si0O,OO0,O00 worth of stock
for its $500 customers. and John w.
Gates said that for three ycnrs IL did
about 3 per cent of all the business
transacted on the Stock Exchange.
In May. 1907, the firm went out OF
business. and the two Gntcscs, who
were constant companions. left for Eu-
rope. The house had been bullish NJ
the top OF the market In 1905 and was
supposed 10 be greatly extended. Wall
street figured that IL dissolved with n
loss of SG,OO0,OOO. but John w. Gates
sturdlly maintained that he and his
son were quitting at profit. How
ever. the elder Gates suddenly return.
cd nc the height OF the October panic |
and. In common with other holders,
sold his Tennessee Coal and Iron stock
to the Steel corporation.
Little wns heard of Charles G.. Gates
for two years or more. but In July.
1910. he returned from Paris. where
he hud fallen III. ana was operated on
for appendicitis. from which he soon
recovered
The next fall he figured In story |
that he had lost $4,000 In n gambling |
house IN New York, aud, although he
the story. II was generally |
credited He had long been familiar |
figure on the race tracks AMI at gam
bling resorts. aud on one occasion was |
said To hnyc won $4,000 at sitting |
In Reno,
Record Breaking Train Trip.
His lrst record breaking trip was
made IN February. 1911. when he rode
10 New York In special train from
Yumn. Ariz.. 1900 miles. In seventy |
four hours ana nineteen minutes. In.
Guiding stops. II was admitted after
ward that the purpose Of this trip was
10 attempt reconciliation with his
wife. but the explanation made when
he train arrived was that Mr.. Gates
was suffering from an injury 10 his
eg received while he was cranking n
'ractious automobile In California and
hat he had hurried TO New York for
he surgical attendance he preferred.
The trip averaged about forty miles
IN hour. including stops, and the final
lash from Albany was mnde at exactly
mile minute The fastest time was
rom Toledo 10 Cleveland. los miles, In
minutes The run from
'hicago took sixteen hours and forty
line minutes. an hour and five minutes
ess than the Twentieth Century lin
ted,
About six weeks after Mr. Gates ar
ival IL became known that his wife
vas To sue for n divorce. She was
Hiss Mary w. Martin OF St Louis. and
hey had been married thirteen years.
rhe details OF the testimony We're not
made public. but Mrs. Gates got her
lnal decree on Aug ., 1911,
Just week later. while Mr., Gates
vas I'm Paris In connection with his
ather's funeral. the news came from
that he was To marry Miss
florence Ilopwood. and the wedding
ook place on Sept. ~, 1911.
6oastsd Of $t.ooo.ooo Yearly Tips.
lie was noted Tor the enormous size
4 the tips he gave out wherever he
vent a point about which he was eN-
ecdingly proud Asked about IL once,
fter the trip mentioned, he said;
II give Sl.O0o,0o0 away in tips every
ear, can't take II with me when
lie. believe In spending IL while I'm
live don't know how much IL costs
ne 10 live. ! have more money now
lln what father left me. worl, hard
he greater part OF every day, and !
oljeve In spending my money,
This is II life of speed" he said, re
erring 10 his trip The faster the
'etter I'm used Ia specials. They are
ny only diversion, like to go fast
'he conductor didn't like the speed at
which we travelled. but told him II
uited me. When | start for place