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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 9, 1911)
IP'S GREATEST PLUHGER LOSES IN Famous AmericanKihg of Finance and His Wife r John . W.'- Gates Defeated , in . - " Grim Fight to See America v;Once Wore; Die in Pans . ' (Unit Pra uind Vim.) . ' r,' j ' Parts, Aug. John' W. Oate, .th .millionaire Wall street plunger and mln- ,t Itiv mon 'HA-tYM fhfa mnrnlnff at A1I:1S , o'clock. f Mrs. Gates and net son Charles Q.'GatcB were present at the end. r Gates' body will be brought back, to ? New fork for burial on the Kaiser WU- Berviees over the docjt win d. neia in I: the American' church here on Saturday. Games' physicians , say . his . fight against death was the games't they ever ' saw. inspired by the . desire to see America once more, the man whose Iron . will rorcea me wan street magnate. iu s - W , . - flnonnUI ffm T .battled gnmiy w ine ia.su wis nom determination to live kept him up to the ' ' his bodily functions were, absolutely . ' gone did he resign himself to the end. After the death of Gates, his wife A and his son Charles collapsed, and this , afternoon both are under medical at . tendance. . The funeral arrangements v were mane v Harry uiaci ci new V Tork, one of Gates' closest friends. It Is declared that Gates left $40,000,000, most of which goes to his son, although "Mrs. Gates Js liberally provided for. Was Picturesque Character. One of the most picturesque person- all ties in American financial annals was John Warns Gates. The predominating characteristics of his nature, energy ana speculation, particularly the latter, earned lilm the sobriquet of "Bet-you- ' a-Milllon" Gates, under which cogno men he was celebrated on two conti nents. He was a big man and did only big things and in a big way.. At the time of his death he was one of the most striking figures in the money world, fighting, as he was, the . Standard Oil company and holding an imposing position In the affairs of iron and steel. Prominent his spectacular ' career was the distinction of being the tyrst and biggest wire magnate in- his tory. Oates' Metal Snows. "He -is a bundle of wire nerves and steel energies," was once said of him. "He can go to his office and work like a fiend until 6, then play poker all night." That epitomises the story of his life, and, at the same time, the story of his death. The constitution of few men could have borne up for 66 years under the strain, the Tush and swirl and tension of his dally activities. k. -... ..' ,,n An fh 7114- nolo farm, near;Turner Junction (now ' west of Chicago), where he was born in 1855. He was energetic and precocious. Two years befdre he' had become a voter, in 1874, he had fallen in lore with an Illinois girl and married her. At the time he was "Jonnny" Oaten, manager of a little hardware store in the farming village. Mnlil a.rhd Wire. Gates heard of a man named Isaac 1 Ellwood in DeKalb. 111., who was try ing to sell a new commodity called barbed wire. Ills trouble he found was not in making barbed wire, but in sell ing it; it was a novelty and cattlemen considered it . too flimsy o be "of any. 1 use. Bo,' when young Gates came along with his geniality and readiness of speech, Ellwood gladly took the. chance Gnten 'suggested and sent him out to sell barbed wire in Texas on a salary of j so a ween. I This trip made Gates. It also made barbed wire. The Texas cattlemen had never seen barbed wire before, and they ridiculed it. - "That stuff wouldn't hold a Texas steer a minute." Ubey said. v Gates was put on his mettle. "I'll show you," 6a i J he, and he did. Flayed Against Future. Ever playing against the future. ''Gates thought he saw a bonanza in wire. Somehow be gathered enough .' money to "have a barbed wire factory of his own in St. Louis. Then Gates had built another plant t Braddock, Pa., and Gates conceived the idea of pooling all the wire factories in the country. That time It failed, but In 1892 Gates brought about a merger of the St. Louis. 4 Braddock, Joliet and AUentown plants as the Consolidated teel & Wire com pany. "Tnhrtnv" nates and "Moonshine" Gates had now become John W. Gates, h FiriKAn at I nifflvn. wn"rR ne iiiiivrii in . D , ,ace track for diversion, and with an iver increasing passion to risk his money on anything and everything where a bet would quicken v his pulse. But he was not yet a plunger in the grain or stock markets. To acquire the money that enabled him to become an interloper In Wall street, feared even by, its btggest men, John W. Gates had only to bring to realization his early dream of a wire trust. War Scared Morgan. ' . j. Plerpont Morgan agreed to finance the undertaking, but was scared out when the Spanish war started. Lloyd I. Smith, a Chicago capitalist. Jumped j into the breach, and he,; Gates and Ell wood floated the $90,000,080 wire com bine. But, -with all this tremendous money power behind him Gates could not get a start In Wall street. So he played the game from the outside. He came to New Tork with his bankroll and sat up his son Charses G. Gates. In the brok erage business,1 under the name of thekl son. who had been admitted to tne ex change. From that time father and son were Inseparable, both In business and pleasure. The . brokerage house soon made the high record for a day's business on the New York exchange 426.000 f hares on which the brokerage i ' commissions were approximately 160,000. ' - TooK to Haoes. When Wall street grew tiresome : In " 1900. Gates "took his son with him to ' England, where he plunged on the stable . of his friend Drake. On one raoe ho iarked 'Itoyal Plush from 28 -to 1 to Ao 1. and won 1500,000. ' f The panic of 190J. It was saldr hit I " Oaten hard, and it was pointed out that ' he would have to retire from active ) .finance.1 tie took a trip around t,h . world with ills son as a diversion.' audi thoh returned to New York, A news- paper reporter hunted him' up and ven tured: "I understand you're , all In and down and out." " ' t ' ' . "Bet you a mtlHor t ain't,'' retorted John W.. Gates, and his o d spirit was , aroased.. 1 -M xi ,T,ToX Story of Steel.' ,.' Gates created IT smba! Ion ' last May ' when he went befor the house commit tee at Washington (n the steel trust in vestigation 'and tolii his story of how the United States ttteefborporaflon was organized 'The use he made' of Andrew ' 1 ';.;: f:l i' -.v.'-'V'V'''' 'i' ' kv ' I , John Gates and his ylf e, who . was with him, whon he died.- Mrs. f Gates la-111 from worry over her husband' Illness and death. Carnegie's name brought forth Indig nant statements from the latter. Throughout his entire life. John W. Gates never asked a favor, his ac quaintances say; he expected none. He paid all . his t debts and Insisted that everybody should pay him, to the utter most farthing. He was no snob. He would not have walked round the block to win all the, social prestige in the world. At the time of hi death John W. Gates was Interested vitally In many of the' largest enterprises In the country. School Chalks to Be Analyzed. Salem. Or., Aug. 9. Recognizing the dangers lurking in the ordinary chalk box,. Superintendent of Public Instruc tion Alderman has appointed a commit tee to Investigate all the chalks on the market and file a report The Infor mation collected will be for the benefit of ajl teachers and .school officers of the stale. Dr. Calvin 8. White of PorU land will head the committee and have the assistance of W. R. Rutherford, city, superintendent of McMlnnvllle and H. C Seymour, superintendent of Polk county. While no specific diseases have been traced te chalk, Superintendent Al derman says many teachers are in clined to bronchial troubles from breathing chalk dust. Chalk being made from sea shells and like materials is In danger of being germ laden. ThisWeek's Store N ews All Our Reed, ,Rattan and Wicker' Suitcases at One Fourth Off All Our Women's Novelty Handbags at Half Price Men's Fine Leather Belts 65c to $1.50 75c Imported Berlin Box Paper and Envelopes 50c 35c Box Paper and. Envelopes . 17c Japanese Fan-Tail Gold Fish ; 25c and 50c - Gold-Fish Bowls 50c to $5.00 Fine Alcohol Gas Stoves for Summer Cooking $2.50 remime Th ermos Bottl es Conklin, , Waterman and "Woodlark" Fountain ' 1 Pens v V v $1.50 to $15.00 Woodard, Clarke fe? Co. Washington and Fourth Streets. The House of a Million Picture Postals, 10c a Doz. POPE TOO ILL TO TAKE PAR C Ml (United Preu LetMd Wlro. ' Rome, Aug. .-Too Ul to participate In the celebration of hi elevation to the pontificate, Pope Plus X today be gan his ninth year as head of the Ro man Catholio church. . ' So serious Is the condition of. the pontiff, that only a few of . the' thou sands of congratulatory messages from all .over the world which streamed into the Vatican were read to him. Even that excitement had a bad effect and this' Afternoon It was announced that his holiness Was feverish, his hands and feet 'badly swollen and he was suffer ing rbuoh pain. ..Cardinal Merry del Val presided at the celebration of the pope's" anniver sary, which was . attended with great pomp. KENNEWICK CREAMERY READY NEXT M0.NTH V. . ' ' . I ' (Bneclnl to Th Journal. : Kennewick Wash., Aug. 9. Work has been started on the Columbia River Valley creamery plant which will be ready for operation net month. , The new creamery Is being built In connec tion with the Twin City Ice & Cold Storage company's plant which will sup ply the necessary cold storage and re frigeration; . . - The creamery company has been eon ducting a campaign throughout the val ley and has 300 dairy cows signed up among the farmers. In cases where the farmer has no cows of his own and is not financially able to purchase them outright the . company Is stocking his farm on the Installment plan. A Missouri man ha Invented a cam era that also Is a dark room to permit a person to develop his plates wherever he may happen tj be. 1 Save Your Gas With the Wonderful Sp angler ' Cooker Tou can cook three articles at one time with one burner, a grea,t convenience and aid to economy. A "perfect toaster." The "food cannot burn. ' Will not burn enamel ware and will last a life time. i Price $1.50 Pay for themselves every 30 days. .yt MAXIT 1677. i Knickerbocker Suits v Grays and Tan Tweeds and r . Worsteds Half Price ; Still a large assortment Second Floor i , .... ; ' ' I' v. , , , . ' t t , , !"! j' 1 '"ji'i'B"' "i'i'i LiVJi.lii tf y-mSTTT r'r i" i"i ' i' "1 ' ' " i V , t ' , t " V,' N Young Mien s Suits Spring and Summer Suits All but Blacks and Blues Half Price - Neat, stylish, good Second Floor ' Knickerbocker Pants (SOME LINES) 75c Knicker Pants, now 59c $1.00 Knicker Pants, now 79c $1.25 Knicker Pants, now 99c $1.50 Knicker Pants, now $1.19 $2.00 Knicker Pants, now $1.49 $2.50 Knicker Pants, now $1.79 Second Floor BEN ELL1IN(S; LEADING CLOTHIER . ' ' 0REG0M ELECTRIC R. TRAINS VIA. CITY UNE Trains for Salem, Woodburn, Forest Grove, Hillsboro, Bea verton, Cornelius and Intermediate Stations Now Run Over City Line. City Stations and Stops : NORTH BANK STATION, 11TH AND HOYT STS. JEFFERSON ST. STATION, FRONT & JEFFERSON STREET INTERSECTIONS: TENTH AND STARK TENTH AND MORRISON FIFTH AND SALMON FIRST AND SALMON The "Limited" forSalem leaves North Bank Station 8:45 i. m.; Jefferson Street Station 9:00. m. instead of 9:15 For other changes see schedules. i. m. TICKETS ON SALE AT CTTT TICKET OFTXCB, PITTH AID 8TAKX STS. jsrrsBsON st. statxov, owt ajtd jxrrESsov stb. TUB NOBTH BAHX STATIOW, UTB AITO KOTT STS. Fads for Weak Women 1 Niee-ranth el all tfc skkswa. of wotn.n is du to soim (tersnemstit or 1 sso of tb r4sM. diatiaatly taosinio. Snob sioknoss can bo cured is ooros fry day bf 1 ' ' y .r- ;-:V: ' :'v s.:-'''N Dr. Pierce s Favorite Prescription . It Mak6 Weak Women Strong, ' Sick Women Well. k It .eta dimotlfon tho erfsns a (Tooted and is at tha samo tima anarl roarorW rive tooio for tha whole system. It euros female complaint riht In the privacy of home. It makes unneoeitary the disagreeable qitstioniol, exsmination an4 ' local treatment to universally insisted upon by dootora, and so abhorrent M iv overr esooest w"j;;t. wfs.w;.'- "': K'Vtsf7. i We shall not particularise bare a to tho symptoms 4 : loose peculiar sffeotioos incident to womed, but those wanting full informatioa : as , to their symptoms ' and . . weans of positive care era referred1 to the People's Com ', saon Sensi Modtoei AdvW 1008 psfie., newly revised , nod1 np-tlste Editlontent frt on receipt of 21 one ' eent stamps to cover oost of mailing nly, or, in olotb Address Of . R. V. flereeV BytfeJ N,V. ' .... 1 . 'i . ,t l . EASY PAYMENT Makes it absolutely unnecessary for you to worry about money. A small amount payable weekly or monthly enables you to have your teeth cared for AT ONCE, when attention is most needed. ( If -your teeth are aching or decayed, come to us AT ONCE and we will examine them free of charge. fifteen Year Written Guarantee Instruments Carefully Sterilized Lady Attendant. Absolutely the ONLY DENTISTS in Portland who USE THE YALE SYSTEM. All work guaranteed painless, We are the originators- of the "CONTINUOUS GUM," natural color, unbreakable plate, for. merly $15.00, now $7.00. With the- Yak Patent Air Chambers, your plates cannot come loose or fajl. These air chambers are not made in any other office in Portland, If you have had trouble with loose fitting teeth, come here. If you are just getting new teeth, do not How your mouth to be rutned by loose-fitting paltes. ' , 22-k Cold of White Crowns IQ Art' 22-k Bridge Teeth, guaranteed, each. OO.Ull ? . Good Set of Teeth or Rubber Plate........... $5.00 - , Entire Corner "v JPhone Main 608S YALE PAINLESS DENTISTS NORTHEAST CORNER OF SECOND AND MORRISON STS. - N Entrance on Both Streets. Look for Big Sign.' " V KC Advertising Pays Us Because We Give More Than We Promise Some people never learn that it pays to keep faith with the public. Borne dentists are satisfied to catch you once. Wi want your continued patronage end friendship. We snc cee"d by giving more than we prom ise and by doing better work than competitors. OE BRIDGE WORK has been brought to thti highest state of perfection. The teeth on this bridge- are Interchangeable at will without removing from the mouth. We use gold or porcelain as -your fancy dictates. This is only one of our many orlginsl methods. OUR PLATE WORK has always been an Important branch of our profession and at this office .Is treated with the consider ation It deserves, and our plates with flexible suction are the most satisfying that have ever been de vised. Thev do away with all of the well known annoyances en dured by a large percentage of peo ple who wear plates and are supe rior In every way to any other plate. LOW PRICES FOR HIGH GRADE WORK Good Rubber Plates, each $5.00 The Best Red Bubber Plates, each 3a-Knrst Gold Crown, for . ....$7.50 Foreelaln - 99.00 aa-Xarat Brldgs Teeth, Guar anteed, each 13.60 Gold or Enamel rulings, each tl.OC llvsr rilling., each 50c And an Absolute GuaranW. Backed by 94 Tears in Portland. Wise Dental Co. v" .' Offioe Honrs I ..-'.--O-. I I K. to 8 P. MV Sundays t to 1. Phones Main 8039, A aoa. Palling Bldf., 3d 'and Washing-ton. SCHOOLS AND COLLEGES Portland Academy Ftta Boyi and GlrU for Collar., . A Primary and Orammar lohaol Included. Graduates tnter on examination HarrardV . PHnrfttnn. YalA and MRlaarhiMjttta InaHttitA nt TMhno1n.v: on ewtlflrat.. AmtiArat. f'Ar- nell. Smith. Vauar, William and eollegea ' and nnlTeraltle or th. Pacific Coast Well ' quipped labura tnriaa in hmlsrry-and pby alc. Field practlc In aurTeylne. Depart : menta In charge of eollear men and women, v Clnaaleal. aclentltle, modern lana-uace and commercial eonraea. Gymnaalum' under ikllUd director. Track and field athletics. - Cornar of Xontg ornery and ThtrtMnth, ' Kaay of acceaa from all part of the city. Offlca boor, (or Summer to 13 and 3 tod. Send (or Catalog. , . NEAR OAKLAND. CALIFORNIA ..in. ..MMb deABBad. Onlv Oat. lag. work done at this hlatorio Institutions . . Ii.mmmmI 1M( SnmMa and rrtAn n Iran . v.v..t.. v ; " turn irqulicmena cqalfilent thaw el ottM CoUcta ice vomeo. WorK recoauca wmreii.j w wqw. Stanford, and Unlrenlty of California, court for conrM. Twenty 4vo deparun-nn,' Stronr faculty, taboraurtei well aqulppei. Excel lent opponuruun ror nw wwnua. Muilc and Art. Moacra srmnaalnm and apodal car. foa bralti at aadenta. PraldeM. Lndla Clay Canon. A. M.. LL. D. For catatefua addraaa acgiatrar. MUla CoikfS P. O.. CiUtbrala. ' ' The Allen Preparatory School I-OB BOTB AJTO GXBZA Fits for all colleges and technical schools, Graduates from this school, in eastern Institutions, rank with student from the best secondary scbooia of New England. Special courses. ; For catalogue address '. TUB ALLEN PBBPAKATOXT BCSOOJj East Twelfth and Salmon, Portland. Or, Office hours 10 to 12. For Giria. Conducted br th BliiTtRS OF THE HOLY NAMES OF JESUS AND MARY. CrWa, J.bmk4 (Minima Cmi Mwic Alt; Ilocatio. and Ctmman eiaj Dcgta. MttHtg Dmt thmn.l.etaei Moral and tateHectnal Tralalnf. Write tarAsnMacrawat. Addrta. SISTtM tVrtHIOK JtmAmr. ttk4 ' . - Portland. Oresoa , 7L.Mm ul Dm fiohool for Olrla ia- charg.otSiirt.niot Bt. John BaptUt (Eptaoopalll ColltfUU. AoaHiU tlaaunury PMfaata. I roraaUlos widraaaTHE SISTER gvrCKIOtt , , i Uf net B, si. neien nu MEDICAL U or 0 The Deaf Can Hear! Tha Blaotronhona la an electrical won der. ' It i multlpllea souhd waves so the deafest person can didtinctly . hear ' as wen as- tnose With erfeot hearlns;. Can na.d at noma be fore deciding to buy. No truatment re quired. , V ' (Uvea instant as Slntnnre. 1 hntinatidsi In use. Call or write for partleulars. STOI.B ELECTBOPHOKi; CO 230 Lum herm.ns btdg.. Hflh and f iark streetai, PORTLAND. OR, AddrekS Liept. C. DEPARTMENT tmlversilr of Oregon ft ' Sigh Standard, Tnovongh Oonrsea . SZBBXOlf BEGIN OCT. 8, 1911. For cataloguo addrss Ijean, Ir. 8. E. J . sephl, 110 Uekum bldK. Portland, Or. HILL MILITARY ACADEMY w, ' POKTIAWD, OHEOOlf. t ' ..Bend for illustrat.d Oatdlog. t The School That Gets Results EfWland Printing House Co tp-Book. Catalog and CommaralaJ , PrlnUnn Boos Bin dlrg and Slant Book r ' 3SS TaylprSt; Phones; A22SI. ' '