Food for Thought In 1923, a very important meeting was held at the Edgewater Beach Hotel in Chicago. Attending this meeting were nine of the world's most successful financiers: The president of the largest independent steel company The president of the largest utility company The president of the largest gas company The greatest wheat speculator The president of the New York Stock Exchange A member of the president's cabinet The greatest "bear" on Wall Street The head of the world's greatest monopoly The president of the Bank of International Settlements Certainly we must admit that here were gathered a group of the world's most successful men. At least, men who had found the secret of making money. Twenty-five years later let's see where these men are: The president of the largest independent steel company -- Charles Schwab -- died bankrupt and lived on borrowed money for five years before his death. The president of the largest utility company -- Samuel Insull -- died a fugitive from justice and penniless in a foreign land. The president of the largest gas company -- Howard Hopson -- is now insane. The greatest wheat speculator -- Arthur Cutten -- died abroad, insolvent. The president of the New York Stock Exchange -- Richard Whitney -- was recently released from Sing Sing Penitentiary. A member of the president's cabinet -- Albert Fall -- was pardoned from prison so he could die at home. The greatest "bear" on Wall Street -- Jesse Livermore -- died a suicide. The head of the world's greatest monopoly -- Ivar Krueger -- died a suicide. The president of the Bank of International Settlements -- Leon Fraser -- died a suicide. All of these men learned well the art of making money, but not one of them learned how to live.
Text file Source (historic): geocities.com/stauffer_james/Literature
geocities.com/stauffer_james(to report bad content: archivehelp @ gmail)
|
|
|
|
|