Show YOUNG UPSTART OIL SIGH RICH SAVES OLD HOMESTEAD KNOXVILLE I Ia la DeC Dec 11 AP How How Waite Walte Phillips a bookkeeper bookkeeper book bool- keeper married the daughter of J. J B B. B Elliott millionaire banker of oC Knoxville and and under the frown Crown of ot oth h he her r family was cast adrift upon his his his' ow own own- resources made m millions and I eighteen years later came back to I Ith th the rescue of ot his laws in bank Is s the story that Is stirring the town of today Finding himself not In the best graces of or his law in Phillips Phillips Phil Phil- i lips moved to Oklahoma where he made one of or the most phenomenal phenomenal phenomenal I enal killings In oil history Four months ago he sold his Interests Inthe in inthe inthe I the Phillips company of or Tulsa to Blair Co bankers of ot New York for tor and retired fr from rn business Returning to Knoxville about a month ago Mr 11 Phillips now worth north about stabilized Mr Elliotts Elliott's El Elliott's Elliotts Il- Il liott's bank at llIe Knoxville and saved the fortune of ot the family that tha t but a short time ago had considered considered consid consid- ered him only a a. son In When Waite Walte left leet Knoxville I I know he had Thad not saved more than 2000 Mr E Elliott llott said today lookIng looking looking look look- ing back on the remarkable career of ot the young upstart as he called Phillips But I ah a always 8 knew he had It In him Phillips left I two w weeks eks ago on an extended tour tour tour-Ii |