The Sunday telegram. [volume] (Clarksburg, W. Va.) 1914-1927, 1916-04-23
DODGE TAKES NO
CHANCES WITH
HIS MONEY
Richest Man Of His Age in This
Country Reaps Harvest
from the War.

The wealthiest man Of his age in
the United States Is Marcellus Hartley
Dodge. maker OF arms and munitions.
At the age Of 35 years he Is reputed
TO be worth some 10000 900, and of
that snug little sum he made $50, 0O0,-
900 himself without speculation. Mr..
Dodge is not much of a sport" in
the gambling sense. for unless a bus
mess proposition is sure thing he
will have none Of It.
Young Dodge is conservative.
There is nothing of the plunger about
him. Brought UP and educated in the
heart OF gay New York, with more
money than he knew how to spend,
this new money king has been q SER
ious plodder from the very start. He
likes to walk home after his days
work. and he insists on using the same
old desk that his grandfather, Mar
cellus Hartley. used back in the old
days when New York was Just an
overgrown country town.
Trained by His Grandfather.
Young Marcellus was the pet of his
grandfather. Mr.. Hartley once owned
firearms and sporting goods store
on Broadway. He also controlled the
Remington Arms Company and the
Union Metallic Cartridge Company. OF
his two daughters, one of them be-
came Mrs. Jenkins and the other Mrs.
Dodge. When Mrs. Dodge died the
grandfather took great interest in
the orphan, Marcellus. He had the
boy with him as much us possible and
he trained him in the methods OF bus
mess by which he himself had made a
fortune.
Have all the fun you want" was
one Of his bits OF advice" but don't
gamble and don't drink to excess.
Learn to box. swim. wrestle and row,
but do these things for love Of sport
and outdoor life and never for money"
The boy needed what his grand
father said. He went to Columbia Uni
versity and became an athlete. He
also studied his lessons. At the age
of 10 he came into possession of about
S20,000.000 which the aged Marcellus
Hartley left when he died. Before
he was out OF college he was elected
a director Of the Equitable Life In
surance Company. When he graduated
one OF his friends tried to get young
Dodge to go with him on vacation.
But there was nothing doing in that
line for the budding money master.
Refused Wife's Millions.
NO vacation for me-" he said. "I'm
going to work and I'm going to begin
today"
Then he went down to the Broad
way office and took his place at his
grandfather's old chair. Since that
day he has been a power in Wall
street-a man Of big business but
never Of speculation.
In 1907 he married Ethel Geraldine |!
the daughter of William Rockefeller.
1t was real love affair, dating from
their school days. As a proof that
money had no place in it, Dodge, true
to his independent nature. refused to |
take penny OF the s75.0OO.00O for
tune that his bride brought him. He
said he preferred to go it alone"
In the fall OF the same year he was
elected a trustee of Columbia Univer-
sity. being the youngest man ever
chosen for that position.
Made Fortunes on War Materials.
Dodge's big business deals began.
however. when the European war
broke out in 1914. He Immediately
secured an order from the British gov
eminent for $3,200.OOO worth Of am
munition for his Union Metallic Cart
ridge Company. Early in 1915 he or
ganized the Remington Arms Com
pany Of Delaware for the purpose of
making military rifles. Then the new
company obtained a contract for O.
100000 small arms. 1t had no plant,
but it leased the Eddystone plant of
the Baldwin Locomotive Company and
began to do business. All this in ad-
dition to the activities of the great
Remington plants at Bridgeport, Conn.
When the Midvale Steel Company took
over the Delaware concern it paid the
Dodge interests s200O0,0OO. In every
one Of these deals the young man who
sits at his grandfather's old desk has
been the center.
He never CANDLES. he never loses
his head and he always wins. OIL
course his nest was we'll feathered to
begin with. but there is far more than
mere money in the secret of his sue
cess.