Show T i o IV V 1 Tho IVo Auros Aures on Who Parm I SUCCESS SU CC ESS I WALL ET ow ou Trusts and MInI Hin tio Sf aClo o not nol n fl Mier Man MUll of the Half I Bit BIN lion Aboul tIIU nod and fn Spout Broking M tiel t a l Profession I Grant null and How stow ITS OF WISDOM UI E BY B y I CLEWS CI AT AI THE 1111 SIlI SHRINE R E OF THE rUE TI II GOLDEN CALF C IF 1 am I I ao n 7 nit tic e of he lie t D cr c Ne N t tua s by b I Frank ro I 1 0 f r ff If vf w IK for tor foru torU or u are acs on holy bOl ground wound of at Three These IH were tho the words It nry Clews Clew tha the veteran tr fot broker nn ilK wo we chatted t gather ther IOd today Y In lila In ht tilt the business hoart of ot Now Yuck title thin ground Around li Is I holy ho ho Ion eon cont I T Iii ray f ty t J ILI rd it If t is tg I the Ih shrine hrin of ot the golden r ad It its worshipers wor r como Coma from frOl ov a ar r fly Id t or f the United We Wt are toe I financial t center canter ot or the tha world worlds A r kj s thc tM street Is tho the exchange j I in Ih gigantic about you iain gm the Hie of at the thi richest urn ro If f this thlu tho Iho greatest country green areen earth oarth Uncle Sams if J cps iO of ot are tire managed I opry front groat trust has hero here Its lis list f t und and golden angles I Ih h are rolling roiling out front from frontI t I tc III n and develop every part port ur land Ilind nd T Tako ko the tha two or three f shout about you ou There Thero la is no f i no ao ri ti rich i n Jt J lla farmers are arc tho the brain brul to 10 the tho street It rail call upon their brokers and ay ray Huy lIu me mil a n 1 of oC hits stock tOk for fur cash rath HIM mul a 1 thousand shares of or that Una stuck Muck for or rn h hand and ad then Ihen sill lip hark buck home They Ther put pit tin stock Stack away In fn their safe sate deposit boxes rend keep keel It II titers there Hv I 11 and by b the h mm ket kill goi s up la Is wild anti and the they the brought hought 10 so II cheaply nn souring bearing Then rhan they tell sell and aid hold their money for tor another tall rAil I f have won these I old fellows fellow doing that list for fOl years eArll They The work upon Oton the principle nf of o buying buln things when they hoy 1110 are cheap and wiling selling when they are Arll dear That la Is the JM of o uro lore here a su ae In III all outer other butt bull null II AS AI Where do th the men ten who di dish l In Wall come corno from 1 It If you mean thuie Iho who buy and Nil wll they are aro of or every runic runk C class M Mand and nil fortune They come from all 11 over the country 1 I fIt Ket et orders oror from every Hate atala of at the Union Union There are arp ar many mall I small Investors and many large lall ones onia Almost t every fory one who Is making mph mon oy lit deals morn or Ir loss In stocks Just Juit now it Is the farmer tumlin who ho ere are ar the most numerous roUs of or our Investors They have H 1 H t 11 rH Wr r i Vi ViI I r f t I 1 E ra I 1 1 I J 1 x f I I f s T fJ t f V Vl r A i J g r t i I r Of Off l f r y yr T r r r a aHENRY i MIH f H Hf t 1 Y H I i H II HENRY CLEWS From Fram a Photograph Secured by Mr Carpenter for the De Deseret r t New News men won of ot the and their theira a 1 ure ere are billions u mEAr IS 1 WALL STREET pad Id id called tailed upon Mr Ir Clews Clew for a II talk 4 il hall Hal street He lie has hns been In the tho 1 K out or tt It for tOl more marl than 10 40 years and andt IWI t M ea every elfry In and out of o Its lis wonder r growth He Je began his work ork In this t r iK dna ft field bald at the tho ago ugo of ot 16 15 and now nOI Mn am verging on three score hole hols ho la moro more tic und and more Industrious than 1 I rr If Jl lie H ty I one of at Wall Valt streets most r i e true farmers Ho lie has hUll made for fors tord 1 s cut out of oC the tho soil soli and ho he Is proud prou 1 M U prot and Its 11 products Will street I he continued Is the tha thee vier e of I t f our Jur prosperity It has hns made mado madeI I the richest and greatest of at and It II Is IlIr v duo dUI toi toh to toM h M i tr we have hero of ot pros prost t roi rp of lC lo le today Wall street has ha wed shed the sinews of at war for almost y v In ds It has hns built the theW has opened unlit the W has hils opened up tho 1 lo to immigrants and add settlers It has ha wd th the lf farina and mined tho the It hw has tunneled the tho for roll and silver eller and has ha made mad Ihl our great combinations of oC r Iron Iroll snit and other Industries which t I rt going us UN the Ille greatest export trade t WO world flu 11 street lies has th tho ho best fl business n 1 nr the states Slates and nd the tho nil all imd nd men man You may go out tI r tutee V Ir to the speeches of ot J John hn Hay and William Taft TaCt III OU 1 listen en mire the Iho mon men Ih lr a bly the thc lines mot of o f I mn and oratory night flight here hero L l these thue I two r we wo have hll 0 scores Mmes i r who 1 h had llie Ihn her turned 1 th r et cr f ni n i In those directions could have I th them m It Il takes lakes brains to run a Aim r trad or 1 trust truet or to make a great tune Iune lust JUt as 1111 It II dots docs to lo m make w wM a Th The average man who sue I tire r t M in iVall street t could coull an IN WALL I But do o nun many y mon men succeed suc ell In Wall Walt t 1 Mr ewe I 1 1 t l cores of at r them thern Hundreds of at s a W In i almost ve ns many oth era men tie l any W other oher business have I It V any Ia many y allures but that Is III ea o ly Ml In Es M tt If t Is i pur that more than 93 03 rt U nt V fall a same i at SOmo In their v suc U The qualities that that make mako makom m aas t ln In other bu businesses i e KO go to 10 tot t ln In Walt Wall Individuality lily of or thought ought 1 ron on i judgement honesty ft nW courage Vi brains Tho The man ninn wll who has hns good an iB who rho relies upon his and who d rd the Ihl ra r hi h h k which are sprung Prun tc t to affect the tha I hr market in A has a II good lood Reid Iteld eld hw hero for or r 1 I until fh the money men wen go RO goV goh e d h V nothing Ifa market but they are re almost al ai a alDo 1 last lut Mr Do Dor T r l n of at that clan s fortunes I t S and retire Tho The lire life ot of otus atI la III 1 a I strenuous us lire life h and one OM onet OMI t I 1 ernand to al tho energy before of nt young oun 1 brokers retire they a ah three before they r tow foty last until unlit fat or nes Inea ore and ten They Thoy Thc take lako their end put them Into good Utter r inv lt me nd end after thin l lt ke t t only v y on the sure eure things th In the tho f riLl LD MAKE tAI E MONJaY as I did not know no that an stock was My sure ur bur Ir Crewe P MIdI said I 1 he a not absolutely surra Street broker i rI 1114 ifO il Ira I but ly sure SurD but Lut dt th Ih and r q 11 ther Are le some somo tock locks n nl at att t nt bonds Or in It f the th at al an n c r fiS know market t These Thele rich old What hl I t watch Securities are ared d I l them They let et their f da At the thc bank the and nl n rt l hI market Is w y dOln lo n 18 brut 1111 the bo beg n out oat II dark like tho na ground roun down da f como down In inC C lead a aeries Kerles of or good crops and have hn 0 money to t buy bu securities c HOW AFFECT AI TilE nut Hut Is not tho the market largely con trolled by JJ the trusts the tho multimillion acres and the tho enormous combinations o of oC capital t tTo To some Borne extent yes but that Is nl nil tho better for the conservative small Investor Combinations of ot capital will wll not permit the panics ants sacrifices that wore ones once common If It tho multi multimillionaires millionaires see any danger of ot the coun try being financially financial hurt they tho support tho the market and avert a II panic Are such combinations a good thing for tor tho the Wall Willi street brokers I J dont know about that raid Mid Mr fr Clews Take any number of at proper properties properties ties say sa ten and suppose they thoy consoli date Into Inlo a trust In the tho Ort first case caPlO wo we might have orders order to tf sell Ifill shares of ot each security We could handle that thai number without disturbing the market and thus make milk out profits oft off o the solo of ot shares share When the tho properties proper properties ties lire are combined such a It sale Rale would 1 have to 10 be for tor shares of at one orle stock which ua the market in la nil all y hi I n thru respect the thc ni III are not nOI K good iod for 01 the Ihli bruker As AI to uther matters hauler trusts and ot of have cren great They Thoy Th he the Ih currying out of great t It II no nut 1101 for thorn them Ih nt this country count y would not 1101 bo be b below low with It Its 1010 strut wealth would bt be lying undeveloped mid nd wo WI should be hI paying much more lucre for the lute step le articles article of lift life lit with I less lell M money lOon to 10 buy Im 1111 y them I doubt If It we le hart had It not been ben for tor such wh Hint mCf MEN A GOOD 00 TIlING THING Then Ill you think trusts and rich ilch men are litO good goad for time Hie country II II 1 said laM 1 I It depends on what whal hi tits Ih trust Is I and una andas andas as to lo how hol the till rich man UM HI his hi money meae If It he hi l e li le I n II miser anti and ml hoards It K In hm his h I safe lilt rte III ie It Is I H a 1 cume curse If I he ire k keeps p It moving he Ill is III n It bl bleeping I do tIo not look upon a man Inan who keeps hit his money In ul lion tion an RII a miser It Is ls only the one who piles It up UA u In his hi strop box bOl and hut hugs hu it lo to him who Is III that Ihal Take Rus Russell sell Hell 11 Hag Hai Ha lie He has lias been Iwen 1141 Riled railed n a miser mIller but he it Is on cn C the contrary out one Olt of or the most 01 valuable mm mn of at this Ihl city Ile 11 has amassed arnall ll million but his hi millions million ort ore nil all working 0 rill II they rh form Cotta an nn Im Ini Important portent part of 01 tIt the life lit blood l of or the Ihl market find and they Ih low flow out from trout here through time the veins 1111 of ot our great Indus Industrial trial bodies Every day dey or w so one of tit Sages men IRon comes hero and ant asks me meIC If IC I l ran con DIM miss or for fa n a 1 time on call cull I can an If It no so I 1 take it and pay him hit liln Interest but hilt the money goes OU Into the Ih channel of at rend trade trallE It I cannot take It II It II s II toenail loaned to lo tome some one lne else who duos dues the same pains No there are arc many worse men than limn until Mussel stage Mage The Thc of ot tin the greet great trusts Is also kept In i and It Is b I MI so Ik nhit most host of ot our largo fortune Such lions ate are A benefit The rime only million that bat Is II n a curse eU In Is the dead million that Is 18 stored away In A vault DUn 51 1101 MX mN How flow much do you ou Unwell Sago Su o nt nl Mr Clews 11 I do not know what he Is 1 worth but 1 I should say IIA at AI a 1 guess gues that Alit hll h hhas his has hi Who Is 18 tho the richest man annn In the United enn H Jolt Jolin j il D U Rockefeller eeler What Is le ho lie worth Probably or Ho lb mutt must have an nn Income of ot or 1 4 A n year He lie Is he I probably the richest man in III tho limo worM world Is s hll he i not Yes Von I suppose 10 so It Is III hard to realize what hB I meats means The rho sum RUin sum Is 18 to enormous that tho the human mind cannot stOMp grasp It II SHUtT Sil TO SmUT SHiRT Hut Mr I Clews Clew said lall I If I such Much for fortunes or tunes tun are Is Ie there not danger that all tho the wealth of oC the country rosy may seine day clay he ho In the lands hands of one or orto two tuo men mon or 01 at the most of or a halt dozen or so soI soI soI I think not 1101 We Wo have an old saying hero In Wall street that Ihal It Is only titre from shirt sleeves to unlit shirt shirtsleeves sleeves The Tho first shirt sleeve man u a I cumulates a 1 fortune ills Hie sons eons reared to luxury and Idleness Oat eat their din du dinners ners tiers In ht swallow coata coats but do not add to tine life pile aid tho the g spend the tho mont mon y FO so fast that they the are ure tc soon buck back In shirt sleeves again 11 n It Is not possible now to 10 entail n a fortune mid mind ones descendant won soon It U You must remember It t takes much more ability to 10 save rave and anti Invest money than to 10 make inako It II TUB nut But we V hero heo many rich families who wh are now In or beyond the third genera generation generation generation tion Yei YOI I know wo we 0 have Mo the tho h Asters and the Vanderbilt The Asters have hao tulon 4 lI Invested largely In ht real mil tat hid 1 I mn run IU and th RIll also lm nn 1111 unwritten law by which the hulk bulk of or the fortune en s far has h Anne to tin Ihu eldest eon o 01 The Ill I have hui ul also o thou but hUI them these m mic mi i cover O but hilI u it brief Where those l fortunes fort un or ur say any others hf of MaUl our present pre nl fortunes l will III be III too years 1411 trout from now 1101 ID la hard hand to ay say Th The natural law IIII of ot lire I is change und and In nothing It is thus this more evident Iden than In Ut the Iho rho rloand mind and lint full fall ot of fortune Him ltv art mesas ot of of ot nance gauce or loae 10 The Th if rent lIt at fortunes of locIa today are IUt largely uewl for tor An All Andrew Andrew drew Cun UM as given a awn seine thing like tit 11 0 00 or John Jahn Rockefeller rota d nearly the same amount the University of pt anti ami In other ways Joy Jay louid gave to nothing outside Us tarn fam family fly ily but hM has 11 d dau liter Helen Is making iii p fur for that Ihal by devoting her hel hellit life lit sod and murli much of or par bar money to 10 helping h list hit fellowmen A pert of the Ihl bill matey has h tons gone Into schools school and I 1 uld glue nive v a score of ot Instances where great fortunes aye art ft u used ed for forthe forthe 11 the ito goal l of ut the 11 world At lit large RAILROAD AND AN D tN STOCKS Returning to 10 our OUI great corporal lone Mr Mt Ir Crewe what Jo do you yot OI think of o Indus Indue Industrials trials ae as nUT I am afraid of th thIn theta m was 81 the Ih reply Time The most mart ot of thorn then to be tried In III Inthe IIII inthe the bl I Are before they will bo be sate How flow about ei our great railroad com corn combinations limit That hat l I is a II different matter said the Wall Wull street Our OUI railroads have gone golle through their period of at ex ox experimentation and ami ono one lan can judge their thelt I urn mind probable I believe bellee that good lOOt railroad stocks will be hI than ever eror train from now 1101 on The she various roads reads have hao hind their rate rIlle ware and und have bets ha learned thru that A 1 compromise IK Is better thou a II fight hUM hits been reduced to n a science und timid lint nearly ell all the arc are sq so m nI their thill that they thoy run can un lo do bust bUll hers ne H In mure lOor head I than Uuro even b n The Fits very 11 bp best Nt t of ot the III nt III the tho Ih head of our railroads railroad This IN is H HI an tie it U the tho renn hi nil I road president IK Is v Nutt That ThaI road IK 5 stranding a n 1 Mint III deal Ital of It money coons but I It will ell all en conic mo bark In It its 1111 belter and bu business lne i WOOL rOIl iron TUCK STOCK C On In you ou think Mr It Clews Clel said Id I t that a man hum with a it small amount of nf money mOil say euy I Y or ran can do anything In Wall street 1 l pee fee ee no reason reanon why not nOl if it he h la is the right man mill There Is III I one oils thing thin how bas over he h must do at II the tho start Lie la must go ro Into a dry IY good goude store and find buy a pound of at cotton butting hatling Wn anil bring It u 1 I with Ith him to the tock stock exchange |