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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 9, 1911)
PACTS SIX IrEDFORD MATT, TRTRTOE, MFiDFOttD, OttTCCION. AY MONKS DAY, 'AUmCT 0, 1011. 1 1 '1 u DEATH ENDS PICTURESQUE CAREER OF JOHN W. GATES, PLUNGER Famous American Millionaire ami Minlnn Man Dies After Lingering Illness Known World Over as !'Bct-a I Million-Gates." ORGANIED WIRE TRUST AND FOUGHT STEEL COMBINE Held Up Plcrpont Morgan and Was a Pirate Among the Wall Street Bucanccrs. i'AIMS, Aug. .John W. Gates, tho American millionaire and mining man dtud hero at C ; 1 5 this morning. Mrs. Gates and her son, Charles G. Gates woro present at tho end. The death of "Uct-You-a-Millon" John W. Gales, iierlmps the best self ndvcrtUcd rmilti-uilitionirire iu Amer ica, brings to an end a financial and pergonal career that has probably never been equalled. Worth probably $25,000,000 or $30,000,000 at the time of his death, John V. Gates, "the forgetful man," who stood not in awe of Morgan or Rockefeller or, in fact, the whole combined "Street," vnnted tho world to know he had money. Ho wnMi't ashamed of it. Once lie bad his pri vate secretary write to the Xew York Herald: "Let it appear iu your financial page that during tho bite rise in railroad stocks, J. W. Gate.-, has mail between $3,000,000 and $1,000,000, principally in Baltimore & Ohio and Union Pacific, both great favorites of his." Horn in Poverty. Gates was bora in Turner's Junc tion, III., or what is now a part of South "Chicago, on May 8 ISoj. He was "as poor as poverty. But, if South Side tradition be true, Gates was an early financier. Ho farmed ("on, shares," and usually bought out bis partners. He was a most excel lent "boss bwanncr." When he was IS he was married to a farmer's, daughter. ' After ninning asmall hardware and grniu business in Turner's Junction, Gates became a drummer, and, he ad mitted himself he was, a "each." He traveled for Isaac L. Elwood, found er of the barbed wire industry, and in troduced barbed wire iu Texas, prov ing a wonderful adept at the art of talking a man into buying. Later ho exemplified this in selling out to the United States Steel corporation at a price far beyonl the vatiw oi his works. 'iJecomcs Manufacturer. "I hadn't traveled long before 1 found 'more money could be made manufacturing wire than selliug ;t at $100 n month," he said. With seven others ho invested $2300 in a wire manufacturing company and cleaned up 50 per cent profit a week. Elwood. owner of the patents' objected. When they served Gates with legal paper i in St. Louis he moved his little plant In ferry into Illinois and mndc more wire. By the time legal paper reaohed Iiim ho moved back to Mi.i houri. Iu the end ho beat Elwood and (ho owner of the patents had to make Gates his partner. By 1802 Gates had consolidated all his holdings into the Consolidated Steel & Wiro Co., with $4,000,000 capital. In 1893 be put $700,000 ititc tho Illinois Steel Co., and was elected president. In 1898 the Illinois Ste.-I wont into the Federal Steel Co., and under tho kindly guidance of Hos well 1'. Flower, Gates and Elwood sold out at a largo profit. That year a wire war started in Pittsburg. Gates nnd Elwood rushed there and bought n steel wiro mill foi $1,000,000. Just 43 seconds later thoy bought another for $000,000 Gates jumped a fast train and rushed to Cleveland, where ho took over tin Cleveland rolling mills, "as a base of opeialions'" for $.",000,000. Gate and Elwood were "buying mud." Gates went to Muosnchusotts and 'bought. Elwood went to Cincinnati mid bought. In the week between Christinas and New Year th'. bought $12,000,000 worth of wire mills. Quo week later tho American St col - Wiro Co. of New Jersey, capital $00,000,000, was launched. (.'lent Keif AtliertKcr. Then Gates went into the markot. From J 807 to 1001 wu his prime. Hi's profits havo been swollen by ru mor. Gnte.s was a "grandstand" per former; a "nelf advertiser" of the deepest dye. But nevertheless Gates had to rent a good many snfo dcosit vaults to hold his securities. In 1808, after a plan between Judgo E. II. Gary, Unrritt IT. TonBroek and Galen to combine steel and wiro mills into a great trust, bad failed, Gales and Gary organized tho Consolidated Stool & Wiro Co. of Illinois, Gates takng pno-fourth of tho enpitnl stock of $1-000,000. This ho later sold out to tho American Slecl & Wire Co., reoeniug $3,300,000 for his original investment of $1,000,000. Gatos liiiiiM'lf underwrote $20,000,000 of the stock of tho American, admit ling that he roeoied a huge profit for tho underwriting, but forgetting how much it was. Gates was really forgetful, so he said. Once he carried a cheek for $1,230,000 around in his pocket until requested to caMi it so books might be balanced. In 1002, after aston ishing Europe, Gates came back to New York with barbaric pearls and gold. On his cloUtos' the spoils of Loudon, ho paid $1300 duly; on a dog collar of pearls and diamond- $(1000. lie- was gwing away rejoicing when a collector aked about a $33, 000 pearl necklace. "That's true," said Gates, "I forgot to declare the darned thing." His forget fulne cost him $21,000. "Forgot" $2,000,000. Of the $00,000,000 stock of the American Steel & Wire Co., $2,000, 000 disappeared and Gates had "for gotten" where it wont. He never re membered. Of Into Gates and his sou Chnrlej have been inventing heavily in Texas oil fields and bucking tho Standard Oil. Gates was oue of the heaviest stockholders in the Republic Steel & Iron Co., which has rcminned "aloof from the steel trust nnd fought it consistently. f Gates was a thoroughbred, sport. He loved horses and horse racing and his bets were always in the thou sands. He played poker for im mense stakes and iwv reputed to have lost $23,000 once on a trip from New York to Chicago. Gates was an art collector, said to hnve been the possessor of the finest private collection in tho world. Gates once "went in" for military show and for a time was colonel of Illinois militia. His home was in New York, Chicago and Texas. Mrs. Gates was Miss Dellora R. Baker of St. Charles- III. He is sur- son. Charles Gilbert one of the Pulitzer school of journalists once wrote: Young Gates n Dnzzlcr. "The younger Gates was n brilliant nnd joyous sight. Three diamonds blared in each suspender buckle. Three more diamonds shone in his negligee shirt front. His cuff hut tons glittered with- costly baubles. The slamor of his presence overpow ered everybody in the office except his father." Young Gates, whose wife recently secured a divorce, will, it is nid, in herit the larger portion of his father's vast a-tate. WTO HEAR LONDON TALK If Writer Comes to This City On His Way to Crater Lake He Will Be Asked by Medford Socialists to Speak. If Jack London, who is now on his way to Crater laku from the coast in a wagon accompanied by his wife nnd u Jap cook, visits Mcd ford, he will probably be asked by tho socialist local to deliver an ad dress to the public on socialism. Aside from being a clever writer Lon don is also a gifted speaker. An at tempt will be made to get in touob with London in advance in order that the address may be advertised. London is "expected to arrive iu .Med lord in about n week. Ho is making a very leisurely tiin through out southern Oregon and is loud in his praises of its climate. WANT TO KNOW COURT'S PLANS From All Sections of the County De mand Is Growing That County Court State Before Election Where Money Will Be Spent. and a relative of cx-Chicf of Police Wnppenstoiu of Seattle, who wnrt rc coully convicted of grafting, decided today that talk is not cheap. While testifying before tho grand jiii'.x investigating Wuppenstclu Bonn stated thai ho carried from live lo fifteen thousand dollars iu a unit al his home, The county hoard of equalisation, iih u icsull, ycslcnluy decided In should pay personal ln.seii on lliu hid den money d stiuok an nvenu.o of $1000 nguiuHl the sum on whlih lie should pay, NKW YOHK, Aug. 0. - -Miss Force would inn a tiemeuiloiiH iid iu mar rying Aslor who U a Upleal man of the woild." She Is oflcied up m u Hiiciiflcc inthcr tliiui lo ho ponnlllnd lo oiutv a mini of lior own ago, Tho New York idea id' cliaiilug wivn.i every I'ow month Ih tittoily Hubcr- sivcuf molality and of com n do- coney. But oven iiioic do I aboiii iualc union of old moll and vuiig Kills." Mih. Brown, pionldciit of New Yolk I'Vdeiatlon of Women' clubs. BAKER AND BRIDE TO E yhul by one s oates. of whom CONVICTED BANKERS OF IDAHO SEEK RETRIAL BOISE, Idaho, Aug. 9 -Backed by 14 affidavit' making sen-ntionai charges against the government for the mnnner in which evidence wn. secured against them and alleging the trial -jury was tampered with bv government agents, William F. Kc-l-teiibach and George II. Hester, former president and cashier respectively ol the Lewiston National bank, convict ed recently of falsification reports ti the comptroller of currency, filed u motion for a new (rial in the United Stales district court here today. Arguments on the motion will In heard by Judge Hubert Bean, of Port land, who was presiding judge ;it the trial. Mr. anil Mrs. George1!.. Baker, who wero married Monday evening, left Tuesday for Knyarts Rogue River ranch, where they will spend the next two weeks. They aro accompanied by Miss Mabel Uakcr, daughter of Mr. Baker. Tho wedding took place at the Pres byterian ihanse, tho Rev. F. Shields officiating. It marks the out come of a pretty romance, and while close friends of both bride and bride groom had for some time -past sus pected itfi existence, tho news of the wedding" was a general surprise. ' Mrs. Baker, formerly Clara Skeel Is the daughter of Mr. and Mrs. W. M. Skeel nnd was reared In Medford. Some ten years ago she married Rob ert Galloway, a rising young Medford lawyer. Tho couple moved to Port land whore Mr. Galloway died some years ago. Two years ago Mrs. Galloway went to work In the law offlco of John F. Logan at Portland. The Baker thea trical enterprises had their headquar ters In the same offices, nnd she quickly jnade herself Invaluable, div iding her time between tho law office and thcatro headquarters. A year ago Mr. Baker and his daughter spent their vacation with Mrs. Galloway at Medford, visiting Mr. and Mrs. Skeel. Mr. Baker Is president of tho Port land city council and right hand-man of Mayor Rushlight as well n being prominent In theatrical circles. Hopes aro indulged in that ho wilt build a now theatre for Medford. LANGLEY EXAMINATION GOES OVER TO NEXT WEEK SAN FRANCISCO, Cab, Aug. !. Tho grand jury's examination of Mr Anna Langley who shot and THIle 1 her husband James Langley, has bcei continued until August 1". A num ber of witnesses were examined yes terday but no indictment win re turned. Mrs. Lnugley will appear before Judge Densy tomorrow for a prelim- J inary hearing. Our Correspondents KANES CREEK ITEMS. 11 Mr. and Mrs. Taylor were Central Point visitors one day recently. Messrs. Mnrdon and Higinbothnm were transacting business at tho county seat the forepart of the week. Orris Crawford and wife of Med ford spent several days recently as giiont of Orris' parents Mr. and Mr. Crawford of "Garden Row." Mine. Boggis and Mnrdon wore gnosis of Mrs. Swinden of Galls creek on Thursday. .Mrs. Ctincbring has returned home from Cripple Creek, Colo., after a month's visit with her sster. Khuer Higinbothnm nnd wife ac companied by Mrs. Swinden, spent Monday in Medford on business. Mr. Arthur Wagner of Medford was down this way one day recently soliciting biibscriplioiiK to tho Mall Tribune, aro sorry today that he hyd several subscriptions hero by leaving several pasture gates open thereby causing the neighbors' stock lo wan der off which caused u good deal of niTifoyauco. Mr. and Mrs. Iihoten mndo a hur ried business trip to Gold Hill on Sat urday. The play parly Saturday night .'it Mr. Henderson's was u pleasant af fair nnd well attended by the young folkb of this neighborhood. CENTRAL POINT ITEMS. MIsh VIo Thompson and sister of Sams Valley are vlHltlng friends hero. Uoyd Potter visited frlendn at Ash land Tuesday. Lincoln Savago and mother of Grants Pass together with Mr. and Mrs. J. M. Hurley, MIhh Hurley and Hurley Jr., of Millionaire Row stop ped bore a short tlmo, whllo on a tour of tho valley, the first of tho week. Mr. and MrH. Geo. W. Jeffroy re turned Tuesday evening from a visit to Roscburg. J. B. Welch uiul PurtlH Prock aro down from Prospect after KiippllcH today. Mrs. Korby S. Miller of Millionaire Row loft Tuesday afternoon for Han Francisco on a visit. Mr. and Mrs. J. W. Prowott, Mis Herring, Nora Beebo, Mrs, Homing, Archlo Parker and brother, Mrs. li. F. Peart, Miss Hulllor woro among tho many Central Point peoplo that spent Tuesday In Medfoid. Tho IndleH of tho AL K, church gave an Ico cream social Tuesday ovonlng. All who woro there uncut a very en oyablo time. From all sooliims of the county comes the dcuuiud that thu county coiitt bcfoio "the election is held on tho proposed good roads indebted ness prepare u stivument to the otv ers of the county regarding tho ex penditure of the money and show where the money will bo spout. Resi dents of outlying districts desire to know whether tlo'ir roads will be fixed with u piutum of the money or whether it will all be spent on the floor of the vallov. Ashland wants to know whether oodvillo is lo get tho bulk of it and vru versa. The voters slate (hat it would be easy for tho eouii lo adopt some .schedule for the expenditure of the money which will nnns each por tion of the eountv its share. It is pointed out that the county could be divided into districts and so much of the issue could be pledged to each of these districts. Then there would be no question ns to (he issue passing when it is voted upon. This is the plan adopted by many California counties, where bond issues passed hi1 largo majorities. . "s. ix).vt iu: m.vi:ivi-:i. Oil- Xow tiro's llerplrldo Is the Only giiml Remedy Just because you happen to see or hear the statement somewhere that anothorpreparatlon will kill tho dan druff 'germ, stop falling -hair and Is past as good as Hcrplclde, don't be fooled and allow )ourself to be swindled out of jour money. You want Nowbro'u Hcrplclde, the remedy that has beca tried, has stood tho test of tlmo and now has more satisfied users than all other similar preparations combined. An attempt to sell you something cUo Is merely another effort to profit from tho good name established by tho only genuine dandruff germ destroyer. Hcrplclde kills tho dandruff germ, nnd prevents falling hair. It stops Itching of the scalp almost Instantly. It may bo claimed that other hnlr remedies will do the eamo things, but Herplcido rcailr docs them. Its years of success provo this. Send 10c In postage or silver for sample and booklet to Tho Herplcido Co., Dent. R.. Detroit, Mich. All druggists soil Ncwhro's Hcrpl clde. Applications may bo obtained at good barber shops. Medford Phar macy aro special agents for Medford. Oao dollar size bottles arc guaranteed. Best Dress Prints Lt Special Jv Thurs. Only MANN'S CENTRAL AVENUE NEAR POSTOITIGE Good Un blcach'c Muslin Only 6c Thurs. APRONS Ladies,' Misses' and Children's Ready-Made Aprons,Sp 1 Value 25c to 98c VALUES: $1.75 $1.50 $1.25 Middy Blouses Very Special 98c All Wash Goods at Special Prices Lawns, lfx.' vnluoa 10c Percales V2U' values 10c Klaxon, itfe values 16c h'K.vpfian Tissues, !l()e values 19c Special'Bargains for Thursday A 1 1 linen damask t a 1) 1 e 59c Lare huelc very special (mvel, 10c Children's black hose, while they last 9c Coral beads, very special 15c Ladies' Underwear VESTS Ladies gna.o vests, 10c L'.)(! VESTS values, special 15c VESTS Values to 7;lc, ial 39c spec- PANTS La d i cs umbrella pants 29c IS TAXED FOR MONEY . HIDDEN IN HIS SAFE IIOQI'IAM, Wiu-h Aujr. 11. K. H. Henn. formerly mayor of Aberdeen. SMITH'S APARTMENT HOUSE South Itlvcrtddo Sew and U-to-I)atc Modern In every pirllciilar, j;"" cook Ing, etc. Women anil glrU muht bring refercnccH, WM. SMITH. 0l0W LOOK! LO OR! LOOK! Are you looking for good dental work. Now is THE TIME to have your teeth attended to, and this is THE PLACE, for you get it done better and at less cost than elsewhere. THE REASON will be explained to you if you call on me for FREE examination and esti mate. All work guaranteed. Lady attendant. - j Lace Curtains Cleaned Wo SiK'iialio in Cleaning and Itc. fJiilxlilrig all CurtaliiH, .MKDFOItl) DVI3 WOItKS 1'nclflc I7dl Homo 1-K 22-KARAT GOLD CROWNS ..$5.00 PORCELAIN CROWNS .. $5.00 BRIDGE WORK (per tooth) ....$5.00 GOLD FILLINGS ....$1.50 AND UP SILVER FILLINGS $1.00 AND UP FULL SET OF TEETH, on rubbor Plato , $7.50 BEST SET OF TEETH, on rubbor Plato $10.00 All othor work in proportion. PAINLESS EXTRACTION. '. ; ; ; , ; REMEMBER THE MATERIAL AND WORKMANSHIP ARE GUAR ANTEED TO BE THE VERY BEST. DR. BARBER, The Dentist 207-208 Farmers and Fruitgrowers Bank Building, Cornor West Main and and Grapo Streets, Medford, Oregon. Offico Hours 8 a. m. to 8 p. m. Sundays, 9 a. m. to 1 p. m. Phono Main 653. IMMMMMMMWMMWM rr4 Look at tho "For Sale" ads and nt fiorno of tho tbiriffH Unit aro advor lined for sule. A Bank's Age For Nearly a Quarter of a Century Ihe JACKSON COUNTY BANK MEDFORD, OREGON has servod tho people of Medford and vicinity. At all timen thoro is considered first tio interests of its depositors, This safe and sane policy has HELPED us to succeed. Your business solicitod because wo can wjcoxd you the largest possible accommodations consistent with sound banking. Capital $100,000. Surplus $66,000 i '( .-U' .'V&'Ua!...' ..m ...utVili '(-, 41,t14tttlt'''',''t,4''''tt'''fft'f'f'''111ttf$ 5W1 i f V