The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1922-01-19
JOHN BORG TURNS OVER
BUSINESS TO EMPLOYEES
MADE 100000 AND HAS ENOUGH
GIVE HIS EMPLOYEES
A CHANGE.

John Borg, of New York, president
of the Callahan zinc-Lead company
has all the money he needs and has
arranged to turn over his business to
his employees, giving them the benefit
Of his experience and the facilities
available in the establishment built
up through his genius and years Of
close application This announcement
VIII be read with special interest here
in the Occur d'Alene district, where
Mr. Borg is well known through his
connection with Callahan Zinc-Lead.
He spent several weeks in the district
last summer, and il not going too fan
to say that his fine personality. his
interest in local affairs, and his unas-
Stunning desire to meet and mix with
the people here. won him many friends
The impression he made is in perfect
accord with his action now in getting
out of the daily grind for more money
after he has accumulated all that he
needs and giving his associates a
chance to build upon the foundation
he has laid. Mr. Borg is still a young
man, physically and mentally fit to
enjoy his well earned fortune. And |
he will enjoy it, and we suspect that |
he will find much of his enjoyment i'm |
responding to the call of the west
where high mountains Except Rainier).
deep canyons and babbling trout
streams challenge his adventurous
spirit Not least among his enjoy
ments will be the knowledge that he
has given others an opportunity to
achieve the success he has won. The
New York Globe and Commercial Ad-
vertiser Of January has the following
story of Mr.. Borg having given his
business to his employees:
Made 100000 on the Curb.
Believing that when man has
amassed fortune adequate for his
personal needs he should retire and
give others the benefit of his expert
ence' John Borg, with offices at 80
Broad street said to be the only man
who has made S2.OOOOOO in the New
York curb market. announces that he
is through making money and wants
to turn his business over to his en- S
ployees q
thing this is something all bust O
ness men should do" he says. 81 have ;
made good fortune in the last 20 p
years and believe in passing it on. Il
have no illusions about acquiring {
ot of money After a man has enough d
Tor himself and his dependents he n
ought to give the younger generation n
he benefit of his experience" b
The plan by which he expects to d
urn over his business is general CO. II
partnership effective January ?. 1922 a
inder the firm name of Borg Brothers r'
Co, to continue the business here ;
ofore conducted by him and his broth 10
~ Charles II. Borg, as individuals. u
Members of the new firm include IL
'esides himself. his brother Charles. I'd
Who has been with him ten years; his al
ephew John II. Borg. who has been eI
With him five years. his cashier. VIII W
lam Gilmour Jr. four years in his TO
ervice. and his telephone clerk. Chas IN
=. Haldenwang, with record of IN
lree years. sh
straight co partnership to give
ne young blood a chance" is what =
r Borg calls the new arrangement of q"
IS affairs. "As my interests decreases 'n
ieirs will proportionately increase. so 20
at eventually they will own the Wv
hole business. Meanwhile they have "''
e advantage of my experience and
putation." ne
Aside from his success in the brok- 'i'
age business, Mr.. Borg is president 7''
three corporations, the Callahan 80
nc-Lead company. 81 Broadway. the 'ns
ird largest producer of zinc and lead Tue
the country; the Big Ledge Copper
mpany, 30 Church street; and the DRY
'ening Record Publishing company. tlol
Hackensack. n. j. publisher of the ma
~ daily paper in Bergen county. ina
He began in Broad street as a S4-a- go
eek office boy shortly after his grad Wa'
ton from the Union Hill high school tors
Union Hill n. j. in 1897 His de- the
e to give other boys a better oppor- NH
lity than he enjoyed led him to en- she
v $4,000 scholarship fund to the her
ion Hill high school. from the in MN
ne Of which one graduate each year NEE
be enabled to take the fun course OF
Rutgers college at New Brunswick. anne
was
NEE
c BUNKER HILL 1917