Show i. i Ate r fr F W l ii r DUPONT DU PONT THE RICHEST OF ALL OUR SENATORS i SE ATOR COLE COLEMAN COLEMA IAN DU PO PONT T Is the I richest man in that most exclusive rich c mans man's club the United States Senate Wh When n ho he was recently appointed by b the Governor of Delaware to fill the term of Senator Josiah Josia 0 O. O Wolcott a Democrat who resigned to accept a more permanent seat en out the bench various senatorial as aspirants to tho the honor of being the most wealthy I stirred restlessly in their otherwise complacent complacent compla compla- cent tent seats Soon however they settled back In chastened resignation for they were not In the new members member's class for It itIs Itis itis is said there are but two richer men in the the United States they being John D. D D Rocke- Rocke Rockefeller R r feller teller who worked in oil and Andrew W. W Mellon Secretary of the Treasury To be sure It was quite a blow to such v rich Senators as n S a rt D t i q n A n Ai g b rn kA rt l a a t at t a fit fitz z I h a i t tt tt it It rt t i ill RA tR out pA g a at att t Ica to ae es nl l 11 I t a ei 1 iA t to 1 t i p t i 1 t I i a i an Rrt a 1 1 11 A At t a R f i 1 t 1 z II n 11 1 I l i I hill t I r P s sy l S I Irl l y rl t w f r teat bed floor door In New Jersey and the s youthful l Gerry from tiny Rhode Island to be so brilliantly outshone It was a reflection tho the yellow metal as a s symbol of wealth for tor du da Pont can buy and sell sen Nicholson of Colorado and Oddie of Nevada both of whom hom own wn their own gold mines and dig it put ut o of the ground Likewise do does s It reflect upon such sources of production as the backs of 5 sheep for Gooding of Idaho and Warren Warren War- War ren ten of Wyoming both have uncounted flocks William B. B McKinley with his network network net net- work ork of Interurban railways that web spider-web Illinois Medill Mcdill McCormick nor Arthur Capper Capper Capper Cap Cap- per with their printing presses could more than furnish hobby money for this man manfrom manfrom manfrom from Delaware And du Pont all Senators physically as he does financially He Is the biggest man in Jn the upper house since Ollie Tames lames He stands 6 feet 4 in his stocking feet and tips the scales at He looks Lard hard and fit and still plays tennis at fifty- fifty eight When him If he went in for golf his reply was Not ot yet He is is too young joung When I went out out to to look for the Senator be was not on the fi floor or of the upper house nor Wa was he ha at his bis office over In the marble white building that Congress built for its exclusive branch Neither was he in his hotel botel which by the way he owns and which Is the biggest one in m the national capital capita Somebody suggested the office of Senator Ball his associate from Delaware of the Committee on the District D of Columbia and there I found him the center of an animated circle How did you get from where you were I ask asked d him spilling to where you are the stock query After he had bad made the customary declaration declaration declaration declara declara- tion In itt ne nearly the identical words In which I had bad had It recited to me by nearly everybody everybody everybody every every- body In public life lifo about not caring a hang whether hether he be ever saw his name in print or not tot ho told the tho story He told it a bit arrogantly for very rich men are likely to become somewhat high-handed high and autocratic auto auto- cratic but withal genially for this eyed blue giant is is' a sociable creature smacking of the theold theold old days when the lord of the manor beat with ith his flagons upon the board and dispensed dispensed dispensed dis dis- hospitality OU see there had gotten to be too many manyA A- A Ayoung young du Ponts Fonts in Delaware for the powder business he said it not being as large then as It Is now so my father went settled In opportunity and West Vest In search of Louisville Ky where I was born I was Urbana University in sent Gent by my father to Ohio Chauncey Hall lIall School in Boston an and Massachusetts Institute of Technology I l li Kentucky ready for work i then came back to In the fall of 1883 and was sent to the coalfields coal coalfields There I worked as a fields In Kentucky blacksmith black- black mining engineer as a mule driver smith and learned every phase of the physical and clerical work there was to do at the mines I had bad The technical education that received coupled with hard work was At the responsible for lor most of my success I found myself occupying end of ten years r the position of manager and vice president of of the coal company at a salary seemed that I 1 had advanced and It a e year rear field could In the coal about as far as I go concluded to look for a at that time so I con elsewhere position who Is wise I 1 hold that the young man deliberately looks about him and makes a for success in inthe inthe measure of 0 the opportunities J In selecting a line of the various railing calling n if 11 that line which be he should select be i 1 successful in it will offer greatest re rewards ards 1 by bY 1 I 1 fj f j J. J k GA Kr r I l l' l t Y Z I j r c ch 1 h Q QS w S y rai s Q t w wA t A II IIi I i 4 F A AS S r 5 Y vh 9 S r 1 f Senator du Pont from Delaware fi i t I I I i d I thought over all this as a young en engineer engineer engineer en- en in his twenties and came to the conclusion conclusion con con- P elusion that the greatest opportunity was was offered in the productive industries and that thai of the productive Industries there ther was ps pone none non greater than steel I resolved that I 1 would get into the steel Industry I so played my mj cards that after ten years in the coal field fields 1 I 1 as as' as engineer became manager of an iron irot mill in Johnstown Pa Here I had every opportunity to learn the iron business aUthe all aU the way from taking the ore out of the ground to Its appearance In finished product In those early days when I worked In Inthe inthe inthe the coal fields of Kentucky my fondest ambition was that some day I should be bp the owner of a coal company As events shaped shape themselves it came to pass that after I 1 got into the steel business I found myself In a position where I could make certain loans to the coal company for which I worked in Kentucky and the interest which grew out of those loans eventually resulted In III my coming to own own the company In fact as years passed I became president of the Central Central Central Cen Cen- Iron and Coal Company the McHenry Coal Company the Main Inin Jellico Mountain Company all of Kentucky and of other similar industries In the end I I. came to own eight or ten coal companies and thus thu found my early eady ambition realized many fold As an engineer my father had been in interested interested interested in- in In street railways At one time Tom Johnson afterward Mayor of Cleveland Cleve Cleve- Cleveland land had frad worked for or him It is an interesting interesting interesting inter inter- esting fact that when llen Johnson elaborated ted and worked out his Ilia scheme of three-cent three railways railways railways rail rail- ways ways in Cleveland A A. A B. B du Pont my brother cr a son of Johnsons Johnson's former employer was his WaS WaS' his engineer and adviser in that enter enter- prise I myself became Interested in street railways and developed and owned systems in four or five different communities These also contributed somewhat to my financial accumulations How about your connection with the powder company I asked Always desiring and wanting to to move back jack to the State of Delaware the home of my ny ancestors in 1000 having saved some money enough money enough to live on on on-l I went to Delaware Delaware Delaware Dela Dela- ware and a year or so 50 later was asked by my ay cousins to become associated with them In the E. E I I. I du elu Pont de Nemours Powder Company This I did gladly gadly because the concern had been in the family one hundred years rears and I It felt that it should be continued in n the family and anel was glad to have an opportunity op opportunity opportunity op- op of devoting any time I 1 might have to o the interest of this concern of which the family amily are justly proud In 1889 1883 SS I had married narried my cousin Alice du Pont which was another mother reason for returning to Delaware Delavare Yes STes I was made president of the powder company in 1002 1902 and held the position about bout twelve years after which I sold BOld my interest to to the younger cousins How did you happen to get into the In- In Insurance insurance urance business I asked knowing that he be had iad a at one time owned the majority of stock In n the Equitable Life Assurance Society I first became Interested he replied through the construction of the office buildIng building build- build Ing ng In New York known ns as the Equitable Building The Tho Equitable Life Assurance Society owned ned the ground on which the building was to be erected and this established business relations the most cordial and between that company and my associates the ground an am they lent us Ye We Ve purchased some ome money for the erection of the tho build build- ing Back Bark in 1014 J I thought that con conditions were ere ripe rive for the cco economical construction of this office building which was to be the greatest such structure In existence in the world I proceeded to drive the Hie project through I gave this building the name of the Equitable Building largely because of oi the the fact act that it occupied ground owned by that company and because of the relations that had grown up between that company and me I spent something between n 25 2 and in the construction n of this building and It lias bt been n a successful venture in every way The stock of the insurance company was and about OL 52 2 or 53 per cent ent was held in one block and had been acid to various arious people in New York Fortun Fortunately ely It got into tho the hands bands of J. J P. P Morgan l and his associates and in their hands was perfectly perfectly perfectly per per- safe but with the sixty thousand thousand- dollar stock controlling as assets ets It would have been very unfortunate for the policyholders had it gotten Into the hands of uns unscrupulous people The feeling of the general public in which I concurred was that all big insurance companies should be so I purchased the stock from Mr Morgan l and his associates and then this co company pany so that any profits It made In any way belong to t the le policyholders and be reflected in dividends to them to whom It justly belonged Another activity of yours which is somewhat odd I said to the Senator Is the ownership of hotels Just how many have havo you at present I dont don't know he replied Let Iet me see I am Interested in the Waldorf McAlpin Martinique Claridge Woodstock and Yates in New York the Stratford Bellevue In Philadelphia and Id th the New Willard d in lg Wash- Wash lo IO I Leaser Company Campan By William A Atherton Du Puy Ington That is eight I think I first became Interested In the hotel business by going into the McAlpin l with some friends at their re request request request re- re quest and from the McAlpin branched out t to the Claridge and the others the Willard being the last one 1 have tried to retire from active life for twenty years I have had no desire to get Into one line of activity after another I dont don't want to work hard to assume re re- re One thing after another insinuates Insinuates ia In- In itself upon me however and I 1 n allow low myself to get into it it This position of United States Senator for Instance is a new activity which has presented itself to me I am floundering around hero here In Washington I am a good deal at sea as to what I should do on this this this' job job have habe not as yet found myself In it I Iam am am m often asked whether I 1 will stand for fore election e ti n when the term for which I am ap ap p pointed J expires This question reminds me very very much of the stor story of the young I woman who came from the West and who who was Iwas was unfamiliar with oysters served on on the ryr v 1 ci r 1 e eB B Q fl 4 y r r 1 iQ i n y I af 1 i i t i Ru i w r f R r a a af f 1 i f r J JI l i I t 5 51 J I Z tiP f yr 1 b r fir 1 d i f l r J JI i t 51 I 5 J I Z tiP f yr 1 b r fir 1 fl 7 icv i ih ihM d M Iw t w t y J t 5 t RY RYd d ti tt I half haf shell She attended her first dinner where they were vere served and following the the example of those about her partook of her first oyster Her hostess noted that but one fat bivalve had disappeared from her plate pate and asked 1 her if she would not eat more of them This young woman said thickly giving evidence of a h heavy avy weight eight on her tongue No Xo thank you I dont don't know what to todo todo todo do with the one I 1 have got I HI am In exactly the same position po with relation to this senatorial job fob I asked askell Senator du Pont how bow many descendants de descendants de de- there are today of the th original member of that family who had come to America and established It He lie said that It would be possible for him to check cheek up and get the exact number but that offhand he would say that there are arc probably today lj du cIu Fonts P in the United States who come from this same ame ancestor There was once a aBoard aBoard aDoard Board Doard of oi Directors ot of of the powder company upon which there were were were- thirteen du Pouts Fonts and another upon which there were vere eight pinS S physical giant of the Senate who is also its its' richest man does not seem if you Jou observe him at nt his d daily ily activities to lead the thc sort Jort of life which might be ex expected expected ex- ex pec d of one In his position For one thing he lie gets up at 5 o'clock every morning is a R somewhat disturbing thing for lor him to todo todo do because although he lie leas has his bif own hotels In the cities clUes where he must frequently live he Is likely to find that it is with difficulty that he can get his breakfast served so early Charles Schwab no not long ong ago stepped at Mr du Pont Ponts hotd botti in Washington and at nt atC 6 C o'clock the next neat he was seen to enter a modest enamelware restaurant next door and sit upon a stool for lor his coffee and toa toast t. t Senator du du Pont often resorts to o the he siu same la expedient It 11 is told of him also that during the time Ume when he was pr president of the the du Pout Pont Pow Powder er Company an org organization in which there are many executives with ex extensive extensive ox- ox staffs of stenographers and clerks h be he had attached to his office but one in individual individual individual in- in a stenographer steno and he ilc acted as his his' own file e clerk I won wondered ered how much mall mail a man may ui uiS ui'S in S 'S Senator du Ponts Pont's position would receive and and- making inquiry was was told that he got erich u ch day about two hundred personal and business letters letters' and that he got each slay day ay ab about t one hundred rea lette letters which have to todo do with his a activities as as Senator He l looks ks over or-er Sill these aIt-these these letters and personally dictates or Indicates the reply that is to 9 be m made d to to each lIe He works so rapidly that this is done In a little more t than an an hour every morning lIe He holds hoMs to the theory however that Jt it is ia necessary ary for him to give thought to toia a reply to a given letter but once nce He considers it asinine in in the extreme that a business man should read rend and sign letters after he bad had dictated them He says that his In In his case jf he would woud devote two hours bours a day dap the to r reading ading and signing of f his mail H he be would would w 1 fy 1 r e 5 iC iCi i I tJ t i I iw d t 5 1 0 4 k I I |