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Show A. WENDELL JACKSON'S MIGHTY COUP "Who's Jackson?" A lot of bankers have been asking this question during the past few days. Jackson? Why, he's the same pei son who financed China to her recent , $50,000,000 loan when the so-called -; A six-powers group of bankers repre- ) senting Great Britain, France, Ger- 7 many, Russia, Japan and the United . States wouldn't lend the budding republic re-public all this real money. This new factor in world finance is a Massachusetts Yankee. His fathef was a seafaring man no wonder tho son's rovings around the world. Jackson Jack-son was born in Chelsea, Mass., but ha was only a boy of six when Jackson, Sr., decided to pioneer it to California. Califor-nia. The family- took ship to the - Isthmus and the train across, and so made their way to California. Tha boy went to public school in San Francisco Fran-cisco and then to high school college was not in his thoughts. This ia 1870. He later graduated from the University of California. The story of how this adventurer in the higher, realms of finance took tjEe wind out of the sails of the proudest money magnates of the world is delicious. These gentlemen of the eminent six-power syndicate were busy telling China that the money "she so badly needed could only be had by allowing them a say-so on how it was to be spent. China demurred. As ' long as she had to pay 5 per cent, interest, why not have some control over v the way tho lean might be used? The trouble was at its height, the bankers backing and filling, the diplomats in despair, when Jackson reached London. Here was big game. He promptly cabled to Peking that he could get the money on any terms suit, able to China and added that these particularly uppish financiers of the six powers were not tho only bankers in the world. China accepted, and Jackson, visionary, promoter, shoestring financier, a Col. Sellers-up-to-date, got the money! |
