The Washington times., 1922-05-07
FINANCE.
BUsiNEss. III
BY b. C. FORBES
BY b. @. FORBES.

/ unable to understand him, and final
ly, cursing him uphill and downdale.'
| jumped on the wagon and started
off in a hurry. The Russian immi.
grant chased after him. The driver
lashed his horses, but the Immigrant
followed madly. He didn't stop until
the wagon reached its destination. a
! coalyard belonging to Burns Bros.
There the immigrant explained that
all he wanted to know was where
the coal In the wagon came from.
as he wanted to get some.
The immigrant rented dingy eel
lar in poor quarter OF the city.
stocked II with coal and started
catering to by-the-paii customers. He
lived and slept among the coal. The
rats were SO numerous that they me
| almost every piece Of food he was
able to buy, and even ate his clothing
while he slept. Once, too. they came
near poisoning him.
The newspapers yesterday an
nounced that this Russian immigrant
had gained control Of the concern
now by far the largest of It's kind
in New York, doing, In fact. most OF
the coal distributing In the metrop.
oils and having a capitalization of
over $40, 900. 900. Although Mr..
Schatzkin, denies acquiring control,
IL Is known that ne holds large
power in the company.
He is s. M Schatzkin.
Schatzkin's career has been varied
and spectacular. Also speculative.
Rather early In his activities he be-
came involved In a real estate
scheme which did not bring any par
ticular glory to those connected with
it. In later years he has blossomed
out as a Wall street speculator. His
name has been mentioned in connec-
ton with many speculative exploits.
When the war boom burst Schatz-
kin didn't escape. BY that time he
had become a power in the coal dis
| tributing field, being prominently
identified with Burns Brothers. The
turn Of fortune, however. lessened
his grip. But now he is back In
the saddle. with Burns himself offer.
ing to resign. Wall street under
stands, however, that Schatzkin re-
aliZes that the Burns name carries
more weight and respect than his
own. and that Mr.. Burns will be
| pleaded with to remain as president.
Schatzkin has the reputation of
being extraordinarily smart In busi.
ness. But, like a good many others.
| the stock market ticker keeps sing
| ing a siren song in his ears. and his
stock market tactics. whatever they
may have done for his financial
standing. have not helped his stand
| ing in the business world.
The Soviets have dropped the
| gold ruble as the financial unit for
measuring goods for anything else.
so valueless have paper rubles be-
come. And yet some would have
us start initiating Russia by setting
our printing presses to turning
, out paper money ad lib.
Certain Jobs must be done that
neither you nor / relish having to
| do. Few OF us would care to go
! into the slums to succor the starv-
| ing. tend the sick, bring cleanli-
ness into novels, rescue drunkards,
house and feed the penniless, etc.
You and | shirk. We let the Sal
walton Army do this work for us.
But surely you and / are willing
! to pay our share for having 1t
done. I know 1 am.
Today is pay day for most peo-
pie. The Salvation Army is this
week raising the money necessary
for It's years work. Be thankful they
do these unsavory jobs for us-and
show your thankfulness by con-
tributing as generously as your
means will permit. Remember that
bread cast on the waters has a
habit OF returning to bless.
Talking of courage, IL In interest
! ing to know that this was the sub.
ject chosen by Sir James NJ. Barrie,
OF Peter Pan fame and the greatest
playwright OF the present day. when
| 6alivprino hio adhraoo hai In
stalled as lord rector of st. Andrews
University. Scotland. this week. Bar
rie had to have limitless courage
when a hungry youth in a London
g;fret striving unsuccessfully to
et%n bread without butter as a news
paper writer. And again he had to
and did-exhibit unflinching courage
when. after he became famous, his
whole domestic life was shattered
| Courage" said Barrie, lis n lovely
virtue. the rib of Himself that God
sent down to His children" Then,
read this: Doubtless God couli
have provided us with better fun
than hard work. but l don't know
what II Is. To be born poor Is prob
ably the next best thing. The great
est glory that has ever come to me
was to be swallowed up in London,
not knowing a soul, with no means
Of subsistence and the fun Of work
ing till the stars went out. To have
known anyone would have spoilt Il.
There was no food In the cupboa rd
so / didn't need to waste time in eat
ing. The pangs and agonies when
no proof came."
And then this: How comely d
thing Is affliction borne cheerfully,
which is not beyond the reach Of tho
humblest of us
Perhaps l should make excuses
for having talked so much lately
about courage; but. somehow, one
meets 20 many human beings who,
when they bare their soul. confess
to being sometimes almost crushed
by their load, that don't feel that a
few references to the Importance of
courage may come amiss.
When J. p. Morgan sails for Eu.
rope next Saturday to see IL It
can be made feasible to float a
huge foreign loan for Germany he
will have with him one of his
youngest but most brilliant part.
ners, whose career has been quite