Show I 1 TN N THE depth of the depression a group of wall street financiers hired an economist to draft tor for thern them a shockproof shock proof and slump proof plan for the invest sino si no business ment ot of their sagacity seems surplus funds highly plausible to 0 assure them security in their old age after diligent research research h their adviser found that no such plan was possible but suggested as an alternative that they put their money in the keeping ot of some sagacious chinese financier this writer recalled then that several of the shrewdest business men in this country including edward bruce of the fine arts division of the treasury departs department nt and the late william R mua murchison rc hison had learned about the care and nurture of money from the chinese sages of the abacus and now comes richard C patterson jr also schooled in business in china ho he retires as assistant ass distant secretary of commerce to take A 6 private post back from china in 1927 with half of his allotted span of years still ahead of him and a sizable fortune already in hand ho he wished to tb put in the lie rest of ills his life being socially useful lie he was commissioner of corrections of new york city until 1932 given a big hand for his effectiveness ti veness on tile tho job just a year ago he became a sort of liaison officer between the department part ment of commerce and the nations business in this capacity he urged a friendly get together in an economic clinic as he thinks part of our trouble is due to a lack of basic facts and sound understanding of economic and business forces lie was a nebraska farm farin boy routed through the university of nebraska and the columbia school of mines to a successful professional and business career carcer first as and andring a mining nIng engineer with the J G white engineer ing company as a consultant for the duponts Dulon ts and later in mining and business ventures in china ile he served on the mexican border and in the world war a major in the latter annexing sev eral foreign decorations consolidated features anu service |