New Britain herald., 1923-12-26
YOUNG WOOD AT 26
 HAS MADE FORTUNE
Continued From First Page).

Lieutenant Wood said he had de concern which cablcd him daily as tC investment conditions xx.
 Manila people say Lieutenant Woods purchase of expensive auto. mobiles caused some comment here 10 the effect that he was getting rich through investments, although the moro general opinion was that his
 money was duo to the fact that his wife is daughter ot Henry E. Thompson. president of the United states Finishing company, with offices at 3.0 Broadway. New York, who is reputed to be wealthy. Mir. Thomp- son visited Manila last January. Re gently his daughter purchased q resi- dencc in Manila, where she and Lieu- tenant Wood live x x.
 War Dept. Probe,
 New York, Dec. 26. -- Financial operations Of Lieutenant Osborne C. Wood. son or Governor-General L.con- ard Wood Of the Philippines, who is reported 10 have accumulated . For tune ot between s7D0.0O0 and sS0A,- ouo in Wall street. were made he sub lnct of d war department inNcstiga- ton. the New York Times said today.
 "lt has been learned also. on the best Of authority" tho Times said. that the department found nothing whatever in the transactions of the young officer to call for censurc. but that the department did strongly ad- wise him to stop spneulatlng al once and that communications on the sub ject passed hCtw, en tho department and Ma ior-Gcncraa Wood. who li- rectrd his son and aide, to put an end 10 ail his speculative operations. The advice and tho command were responded 10.
 ,"Lieut. Woods tinanciering ceased at once
 Local investigation or tho reports by the Times" it saH- ."has disclosed that Lieutenant Wood began making r, mittancos tp this country in the 1all of l@e2 and that these grew steadily although at all times sub. iect 10 the usual fluctuations Of an ar. tive account. The funds, in tho main. 'F' AfA1I' hiNliN Bf4fA Iff-t'A fll Ailf' Manila office of tho Hong Kong and Shanghai bank. with instructions that these funds Pho transmitted to thr New York office of that institution on arrival hcrc the New York branch ] of this bank paid the funds 10 the | Chase National bank.s which in turn transferred them to the Central Trust Of Chicago. where they were deposited in tho namc Of and to the 1 account of Osborne Wood.
 Early this year some remittances l were made by Osborne Wood 10 his i Henry E. Thompson, |. president Of the United States Fin 1 ishirg O.. 320 Broadway. sci cial months ago the account Of | Osborn" Wood in tho Central Trust | To. Of Chica go was closed and tho &C., rumnlated funds were re-trsnsferred l To his father-in-iaw in New York and ! deposited 10 his account in the Na- ional Park bank. New York. This account. formerly in tho name of Mr. i rhomps acting for his son-in-law. aas changed later to tho name of | lieutenant Wood. Ii has been report .d to aggre esat' normally between .175.n00 and s2nr. .hHn. although it 1as nuctuatrd considerably. running IS high az s250."0a and 10 as low as '15h.960."
 Mr. Thompson is quoted in the Times as making thr following state nont regarding his son-in-law's insnrial operations:
 Now Out of Market
 When in Manila last winter rarned that my son-in-law had made ome money in fortunatc speculation. ] which permitted him to live in brt- cr style than vas expected of 2 sec- md lieutenant. ] know. under my dtfrr. be is entirely out or tiir mar let and [ hope he has hung on to his a,ings."
 Hardcrrd Wait strrct spectators rr inclined to the belief. the Times ay. that Lieutenant Wood must have ] oltawrd tho speculative method nogu as organizing" or purchase -c of additional stock with the profits ctumUlatcd On pa per from a former .urchasc. This method is in daily. nd often disastrous. practice and roHned uUon by most conscrvatitr members oE the New York stock ex- hange. where the stock of the taaHard OiI %. of New Jersey in -hich most of lieutenant Woods 1rtune is believed to have been made. traded in.
 How It Work Out
 The ultimate result Of such trading
 the building up of thinly but -tss,d pyramid which Jecofnns more recsrioUs as prices advance because tch profit. instead Of going. on the 5ttorn t0 aid tha foundation. ia- -eases the load on tor. Iu this man ar. with a small fortunc and good .ck. ouc can build up s fortune. -os ided that tho stock continues 10 fYaHre-
 I.iaricnart Wood. tlsa Tinss says.
 believed fn hsve -esuEnt-' Inc be- T ming af inc so-rslioJ iiy iJend ' arkct in the Tall of Is-z and hap- a