The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-09-28
YOUNG OFFICER,
!: HARD AT WORK,
IS COMMENTED
3.
!. Won Fortune on Stock Market
and Lost 1t at Monte
Carlo
GETS LABORER'S WAGE
Wood Is Working to Return 20
Top, He Tells Newspaper
Reporters

FL Paso, Tex, Sept. 2S.-The
wheel Of fortune is turning again
for Osborne Wood. At the age of
% the second son of the late General
Leonard Wood has won million.
lost it. and is again searching for
1.-The road to success.
This time he is looking for the
pathway 600 feet underground in a
pecos company coal mine near Albu-
uueraue, N. NJ. 1t is far cry from
the princely life he led in the Phil
,ippines only four short years ago.
Days Of Glory
. Four years ago Osborne Wood was
q millionaire His fortune was piled
up by amazing speculations in the
stock market. directed by cable from
Manila, $4,000 miles from Wall
street.
Those were the days of his glory.
i, He was only second lieutenant
on the staff of his illustrious father,
the governor general of the Philip
pines, but he lived as king. Manila
Orchestras stopped dead when he en-
tered. Dancing ceased. Musicians
struck up ".The Star-Spangled Ban
ner" at his approach.
He took an active part in Manila's
gay night life. Often the young
lieutenant rented an entire floor of
the exclusive Baguio hotel to enter
tain his friends with party. He
owned five fine motor cars.
Young Wood had an island and a
palace all his own. He purchased
Mandaloyon, in a bay near Manila,
and spent $150,000 in remodeling
its ancient Spanish palace and inn
proving it's South Sea gardens. In
stallation of luxurious appointments
in two bathrooms cost $4,000 alone.
Source Revealed
This grandeur, however. failed to
endure. In December, 1923, the
source Of Lieutenant Woods riches
was revealed. New York news
papers printed the story; General
Wood reported the matter to the
secretary of war; the youth was or
dered to cease his operations.
It was revealed that between Sep
TENDER ard December, 1923, has
profits had been from 100000 to
] $2,35O,OOO BY buying Standard Oil
Of New Jersey on "shoestring'
Just before it's sensational 60-point
rise he placed himself in a position
to do further profitable specializing
His fortune had been won upon in
formation supplied by one of thu
usually despised Wall street tipsters
Wood paid $500 per month, at first
for the service, and later voluntarily
raised his assessment to $1,000.
Lieutenant Woods rise to wealth
was a good STORY" A New Yorl
paper sent one Of it's star men al
the way to Manila to ask the young
officer how he did it. There wer,
big headlines for many days.
Congress clamored for an investi
CATION of Lieutenant Woods sud
denly acquired riches. Secretary o.
War Weeks cabled the young mar
to quit his sreculations.
Friends Everywhere
Lieutenant Wood resigned from
the army and returned to the Unite.
States. Everywhere he went he en-
countered hundreds who wanted t,
help him spend his riches.
Finally he went to Monte Carlo
There the roulette wheels swallowe,
the fortune that the tickers of New
York had produced.
Woods fair-weather friends de
serted him and, without q whimper
he embarked for the United States
Florida's real estate boom wa
then at its height. Wood investe,