The Washington times., 1921-04-10

BUSINESS IN
By b. c. FORBES.

| f'Were Askeo 10 name the heruest
working banker in America would
reply: "1homas w. Lamont Of Nor
gan's." He not only slaves day and
nfght when in New York, with pre-
eious few opportunities for enjoying
| home. life At his rather modest place
In Engiewood. N. j., but he 10 con-
stantly flying hither and thither in
the United States and often dartipg
! overseas.
It's not long since he returned from
q long, busy tour in japan, ChiSa. etc.
And now he 10 on to Europe.
Lamont doesn't travel for pleasure.
Hes always business-bept. Also, the
! Affairs he handles usually are of mo-
mentous importance. often intsrna-
tiohal.
How he can keep up the pace with
out 'incurring . nervous breakdown.
such as has put his fellow-partner,
II. p. Dawson. out of business for an
indefinite period 10 q puxxle.
The speculative barometer indi-
Gates that the weather in.Wall Street
may shortly become intentionally
warm for the bears.
| what's In q name? Millions. some
| timeA w. c. Duraht. on losing con-
new automobile company. and the
| shares are In such demand that they
Immediately sell at twice their face
value, a wonderful tribute to the
place this automobile wizard" has
| won in the puelic's esteem.
Henry Ford could launch any sort
| of project, and the public would
clamor to buy the shares at fancy
prices. Same with other successful
giants.
Reputation does count
Crucisle Steers pyrotechnics in the
stock market recall the old adage
What goes up 10 sure to come
down.
ABOUT Is. l.. DOHENY.
Some oil men are oily chsrActers.
But one oil man who has always i'm
pressed me as being both transcend
entity able and 100 per cent honest IL
Edward L. Doheny. founder OF Nexi-
can Petroleum. Pau1&merican Pc
troleum. etc. Also. hsois one Of the
hardest workers in America.
He's not An office man. For
twenty years he roughed II As .
prospector for gold. rarely sleeping
under . roof. He never saw an oil
well ouB unui nc Wss On inc eoBs
OF fovty-and he. with one com.
panion, dug it himself. 1t was right
in the city of Los Angeles. OF
course, he went broke before he
learned. through experience. how to
handle OIL properties Now he 10
enormously wealthy.
Yet, money, as money. hasn't the
slightest lure or, charm for him. For
years he disposed OF each successful
property he developed. ! once asked
him why. oh" he replied. II en-
joyed the strugSle TO make them
successful. After there was nothing
left for me to do but scoop in the
money. they di6n't intereR me any
longer" He gets his fun out u
overcoming difficulties. not in ex-
travagant, ostentatious, luxurious
living.
Once. when afll struggling. he
fell down q shaft and broke many
bones. During his stay in bed he
took mp the study Of law, applied
himself to II with his customary
energy and in six months was ad-
mitted to the bar. His legal knowl-
edge has since then been worth
! millions of dollars to him. Thus did
he capitalize misfortune. .''
wnen henry Evans stAfts oeiVtnS
into Guggenheim -Smelters AFFAIRS. ha
IL likely to get to the bottom NJ
them. He has the determination AMI
the tenacity Of q bulldog. He knows
finance and he knows ngures- In r!s
own realm-hre insurance-he Is k,nk.
His success has been sci. won.
Mr.. Evans says he owes much to
this little bit OF advice he received
from q veteran the day he (EvarS)
vas promoted from q clerical to sn
official position at . very early age:
"Eever be more than half as smart
as you could be-"
Isn't the trouble with q good many
financiers that they try to be twice