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Show MASTER SPECULATOR il I; Patten's Trip Abroad Docs Not J Indicate That lie Has Quit I! Wall Street, i f HE IS JUST GETTING IN jl ' SHAPE FOR ANOTHER WHIRL i Declares That So Long as He f Has His Health He Will J3c I in Trade. S . jf - BY RALPH JOHNSON. : By Leased Wire to The Tribune. MEW YORK. March .12. Tho fact. , I';' -vint Jumes A. Patten, master speculator 'in wheal and cotton, has cene on a little 1 1 .-jaunt to Europe, docs not, indicate that j I he is out of I ho game, "'not hy no s means." As a matter of fact, this trip 'I on the Mnurctnnia is more in tho nature ! of u training trip to net Mr. Patten in J :shapo for another whirl with tho bulls and the bears, .hist beforo sniline Mr. il Patten said: ,. ,. . 'Guess 1 shall not retire altogether , for many veais yet. All the retiring 1 if . have done is to civc up the active man- !; agomcnt oC Bartlctt, Patl.cn. & Co., but, i' of course, if 1 do drop m theio like i anv other customer, and one of tho old clerks or junior partners, who will hayo I:!' cont.ro!. should ask my advice,-id Jieip i him out. I fcoiiMn't snr, 'Shift for . voursolvcs now, I'm out of tho firm. In jy n w'ay a man never retires. I 11 still ;i have my-investments -to look fter. ,P "Lone as I have my strength I shall be in trade," ho continued, "And 1 i am not taking this vacation for my V health. 1 think I shall ha in the game i for a good many years-lo-eoinc, look- jng down over Lis well-knit una stocky "J form. ' "It is hard Lo get out. of il. Why, i,; do you know,", clapping one hand into 11 the other to emphasizo his words. I " honcstlv believe that old John D. buys J and sells stocks today. It's in the blood." Mr. Patten deniod that any part of the $20,000,000 he is said to have mado i in speculation is going to pay for works of art. "Not me," he said. "Some I. men, when they get a lot of money dis cover art. I couldn't tell a masterpiece .; from a chroino. A chance is all right, but I do not want to take a long one. ;, It has been proved that five times as many art works are imported from the brush of each artist as that artist, could 'do in his life. Art is not for me." 1,1 Curious Businesses. , New York is a placo of many curious businesses. There is a domand hero for talents of the most unusual kind and many a man with original ideas who .elsewhere would be looked on as a crank icrc finds a profitable market for Ins wares. Por instance, there arc men in il 'New York who make big money in the ;! preparation of telegraph and cable codes for merchants and bankers. "When it is f known that the telegraph and cablo bills of some of tho big New York houses !. amount to anywhere from $50,000 to c $250,000 a year, even when coded, the :i . importance of this work can be appro ! dated. Then it is important that busi ness involving millions which must be .transacted bv wire should .be guarded ; against all cliances of leaks. To their ;f ; credit be it said there is rarely a leak 'from a telegraph operator, but some of ' .the messages involving big business 'deals might well bo worth much money .to outsiders and the code not only mini-iji mini-iji iinize chances, but removes temptation. Since the early days of cabling busi- pi ncss mon have found it convenient and i economical io convey information of , single, words or phrases. Such a word . 'i as ".Tones" might mean "tho price of wheat has gono up," and contain other .facts regarding tho grain market. But ' these codes were crude as compared ' with those to bo developed later, and ! now a man may have a littlo book lj weighing a half pound or less rcprcsent- ing millions of expressions. Thus the codo expert's profession is important and it is necessary for him to bo ablo readily to grasp tho details of the business busi-ness when he begins lo evolve a code for its requirements. In ordor to insure absolute secrecy in tho compilation of its code, a lirm will sometimes require an affidavit, from tho codo-maker stating stat-ing that all sheets and papers bearing memorandum have been delivered, and that the type has been destroyed after printing. Pasteurized Milk for Babies. Some of the New York churches con-templto con-templto going into the milk business. The object will be to supply pasteurized pasteur-ized milk for babies. Tho experiment has been in operation since July, J909, at the Mornrngsidc Presbyterian church, where llcv. Dr. Allen W. Mc-Curdy Mc-Curdy installed a plant in the church parlor. His aim was to check the mortality mor-tality thou prevailing among children-The children-The dispensary supplios milk at the present time for 117 babies, and has to turn away many applicants. Other churches are contemplating similar work. Aged Veteran in Trouble, Stephen Mooro of San Francisco, an aged veteran of tho Civil war. is in jail in New York, charged with shop- lifting. The old' man, attracted attention atten-tion in court because of his appcaranco. His hair was snowy while, he had a long white mustache, and he held himself erect, although his eyes were downcast. When asked if ho would plead not guilty he answered: "Anything thoy say is all right." Ho-was accused of taking articles valued at. $15 from a Sixth avenue department sloro. He had a slit in his overcoat arid it was alleged that by placing the coat over an article on the counter ho could draw it into his pocket. Woman Ranch Owner. Lady Grace Mackenzie, Scottish peeress peer-ess and Wyoming ranch owner, is now bnck among her cattlo and sheep in Crook county, Wyoming. She had a very pleasant stay in Now York, and talked most, interestingly of the beef situation while here. She said: "At present the price of meat is too high for tho average person, but the higher it goes the better for me. and I should not havo any objection to tho limit that it went. But though my stock is disposed of mostly in Chicago through agents of tho trust, I wish the peoplo would stop eating meat to make tho price come down. But they won't. Tho laborer must havo meat, no matter what quality or price, and of course the price is bound to Co up. Therefore I wish the price coes so hitrh that thev will not be able to buy it. Then wc can sdll our cattlo abroad, and tho trust will bo brought to a condi tion that we ranchers want, that .or buving our stock at a reasonable price and sclline it. to the consumer at a reasonable fieure. I attend to tho m.in-acement m.in-acement of my own shoop and cattle I havo no under manaccr. 1 have a head man -who jkceps my forty odd help in their place. 'but I manace the property prop-erty and stock myself. I have mado a careful study of cattlo and their habits hab-its until now 1 bcliovo I know as much as any of my western help, who have grown up in the cattle business. Known as Suckor Town. Boston has a new fad and wants the federal government to pay for it. It wants a free port established, there "Mayor Fitzgerald is advocating it., and in addressing the legislative committee on federal relations in support of it he deplored tho fact that Boston has been so liberal in placing its surplus .capital .cap-ital in tho west aud south that it is known there as thc "sucker town." Nov Mayor Fitzgerald wants to mako a "sucker" of the nation for Boston's benefit. His idea is to set apart some of the available waterfront as a reservation reser-vation where raw material from abroad would bo admitted frco of duty for manufacture on tho reservation, tho product to bo marketed abroad. Ho claims that this would enable American manufacturers, with American labor, to meet foreign competition in the foreign markets. Tho big telephone companies of tho United States aro not. worried so much over investigations .iust now as. they are over inroads on Cupid. In thc faco of statistics just, mado public by tho "United States government sho'wingFthat f)2 per cent of the telephone operators are unmarried. IC. McCann of tho New York and New Jersey Telephone company com-pany today dociarcd that 25 per cent of the girls employed by this company get married annually. |