Show GATES fATES AS PLUNGER SCARES THE TilE STREET Bold Operator Won Millions Milons o of Dollars Unaided in Stock Market Plunges HAS MANY NOVEL METHODS 5 fur Cur or T 1 0 o Great Steel Concerns In iii United Limited States les U amid ami Ill hits Has las Interests t In Many Railroads There Then Is no man In II time the th United States Slates who is so little understood by the general gen sen- oral eral public ns as John V. V W. W Gates Gales the thc dominant miami domi nan aunt nant 1 of time thc great Republic Iron 1101 and and amid Tennessee Coal Iron Irol and amid Railroad combination sa says s 's the thc Now ew York Commercial Commercial lie He I Is looked upon merely merel as a gigantic gambler and speculator spec spec- when In reality ho lie is a man of great brain a wonderful rul organizer a a. i financial marvel murvel and a getter money Ione-geler Ione ol or undaunted nerve nerve No one knows the time lion iron lon and ald steel business business busi busi- ness In nil all nl its Is ramifications better belter beler than John V. V W W. Gates Gales it I is possible possible no rio one In iii the tho United States leow knows It so 80 well ivell vel As S an expert In estimating iron steel and arid ore are values Charles M M. 1 Schwab has I no equal but bul when ll It I comes to lo manipulating hating lating mone money and men Schwab is not notha In ha thc time same annie class Schwab began his ills career as IS a n captain of Industry with given him b by time the Morgan syndicate syn syn- dl ate for his interest in time the Carnegie plants pl Schwab having been one of or th the tho most faithful and brilliant lieutenants of ot the tIme brained big little Scotchman Gates began with wih nothing and amid ant piled pled up his millions unaided being a subordinate subordinate subordinate sub sub- ordinate officer to lo no rio 10 one linn In Weight In Rut nut Gates is riot not alone a great groat man manIn manin mUI In Iron on l and amid steel ho he Is a tremendous ous el ht In iii railroads as well well He lie Is not nota nott a U t builder nor mior yet el a bu buyer er In time sense that thal J. J P P. Morgan James J J. J Hill Hi E. E H H. and amid others of that thal class arcHe mele are arc He lie le Is a speculator pure and amid simple und mind delights In iii surprises In tIme case of or time lc and Nashville for In Instance instance In- In stance lanc he lie bought the time control of lh the stock of or that thal company from under tinder time very nose noso of or August Belmont who rep the and tumbled that eminent financier in ha time the ditch Mr Ir Belmont was mias nol riot so o well iveli then as ns he lie Is now how but Gates Gales lifted 1 him Into public notice over nl night ht and amid madu him famous Louisville 10 and Nashville was a good timing thing and Gates Gales know It I and when goot Mi- Mi MI Morgan wanted the thc road rond Mr Gates Gules let him have havo vo l II it-at it I-at I at a n profit of 1600 or om SO to lo Gates Afterward Mr Morgan Morgan Morgan Mor Mor- gan said It I was too good a thing timing for forso forso or oro so o bad a man as Gates but the l latter l r. r ln ha having his profits In iii his pocket did not nol mind what Mr Morgan s Gates Is IsU Isu isa u a limn of oC fertile Imagination mind keen Intelligence ence and has frequently blazed blaze thc the wa way for or lesser men inca who by following fol rol- fol- fol ln 10 lowing in lu part purt his example ho c rained mined tine line reputations as ns shrewd financiers Gates is nothing if Ir nol not orl original ami Wall al street Is afraid of ot him It I Is af a u f In him the he street that when Gates In an nn Interview mimi interview and he lie gives out arm uti Ut In Interview In- In w about aboul four times it I year year says tar says ns n's he lie Is a u bull ul and n that It ll Is he a good Rood tima to lo buy stocks then Is tIme the tl time o to sell Bel stocks locks But Dut tIme the he nina man who coppers copper Gates does oe so tO at his lila own risk In time Iho amo proportion that ho lie Is 11 liable Ih to be Lr iamo h th h hn he follows thim th ics nd ce- ce Gates m may y yb b bd i buying when he lie Ims It Is Ie a u good gool to lo buy nd i then again lie he may be selling rom Prom hiS hid office at 11 Broadway Gates conducts campaigns that are ure marvels nu In their way wa Just no now nohn hn he Is building up an Iron and steel combination that pr promises to be second only lO to tho the United States Steel corporation Jt It I Is Isa Isa isa a matter mailer mater of or hl history lory that Gates Gatos went Into tho the Steel corporation high hopes und and ambitions that never were realized because of or the opposition of or J JP P P. Morgan Gates Gales wanted to bo a I power In time the combination but Morgan blocked cd his ills way wa and nd after a time Gates got ot out and took look up the Republic Iron and nd Steel company The Time Northern I Held field feld was tal taken en up and hued filled by HieSl time the Sl Steel el corporation so he directed his eyes ces toward time Held field Got Gut Alabama Ore liin l Forming a syndicate he bought the time controlling Interest In iii time Coal Iron and amid Railroad some company-some say sy he spent over OO In time op op- 01 und and and secured about aboul tons of Iron ore under ground in Alabama Ala AIn bama This ore body Is c estimated to tobe tobe tobe be worth GOO or more and within a comparatively short his two companies companies compa compa- nies will wil be he doing doing a business net of from Crom O lo to 1000 a year eal This Tills does docs not compare with the time I- I O. O a year of or time the Steel corporation but then nothing in the world comma coin COI- COI lures fares with the time latter laller for that thal matter maler But ut In time Gates will wi stand on u a pin pinnacle pin pin- nacle all al by himself and overt oven the time Steel corporation will wi not be be able tp throw Mm urn over o because he will wi be the whole timing tiling In time thc Southern Held He lie will wili wi have iron ore to t sell sol or burn as tho time case may be hc at a 1 time when the other independent Iron and steel companies will wil be begging the thc Steel corporation for or it H. Th There r arc are several 1 hundred mil mit- lion lon tons lons of or Iron ore under ground IcilIn left Icil leftIn leC In Alabama not yet owned by him but hut buthe buthe he will wi get them in time for he lie is time the logical purchaser r just as ns the Steel Stee corporation cor cor- porn lon was ivas the logical purchaser er ol of oC time the Great Greul Northern Iron ore lands of the Mesaba range When Gates' Gates plans are arc matured will wi ill be two Iwo great steel concerns in the tIme United States and only emily two and he willbe will wll wl be bc at ut tIme the h head ud of one of them He lie wll wi got get possession of or the iron 1101 ore are lands of ot the thc Alabama Consolidated Iron and amid Coal Coul company and und the Power company which will wil add a aleast ul least another or GOO tons lon to his holdings giving him approximately mutely 1 tons lons which will wil pu put him him second in this regard only to lo lh the Steel corporation and aud ahead of ot every cry everyone everyone one else olse Not only is Gates a great manipulator and Int speculator but bul he is a I great manufacturer manufacturer manu manu- as wel well No one omme better than h ha lie knows how to get t l time the best there Is ou out o of an iron or steel plant Ho lie 10 knows al althe aU all aUtho tIme the possibilities as well wel ns us the tho tons of the thc latter hatter later This Is the age o oiron of iron 1101 and steel and Gates Is one of or Il lib its foremost prophets He lie le Is ls essentially practical and amid those thole associated with wih him are arc of ot the time same amo mind In the time industrial world no man mann can command so mud much capital as v. hl It I I is said that thai he lie can cun con control a at mat 1 least and Hit probably bl more and Int of or this vast total possibly I Is hl his own He lie le la Is far seeing and amid Is content to wait wal lb Ho lo is he sudden In action acton when and amid h lie hl strikes like lUte l lightning He lie Is afraid o ono of no one and Ind has uris an audacity that i Is paralyzing to his opponents HI Ills lir Denis LH ire Arc rC II ID hog John V. V W. W Gates Is no nu sudden ud cn growth I He lie le docs does not relend to lo be a young Napoleon Na Na- of or finance In fact ho lie 10 does aloes tOIS no not pretend to be bo anything He lie le Is hardheaded hardheaded hard hard- I headed practical and and amid ant his self reliance Is It phenomenal He lie le knows know what he lie wants and amid how to lo set about t to get Jet It I With Wih him speculation Is but a ameant meant to lo an nn end His deals In time stock market mire are puzzling and amid mysterious and ho often ofen uses time the methods n of Prince Bismarck to carry his point D fly this timis Is meant that he lie Is perfectly frank fran and open at times and this Is I when h his lie ho lieis is 18 tho the strongest Other speculators re refuse refuse re- re fuse to believe what he sa says s 's and while they thoy of sleight ho plunges boldly I ahead ahead and carries lil hl Ms point point lf 1 |