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The day book. (Chicago, Ill.) 1911-1917, February 08, 1912, Image 14

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-02-08/ed-1/seq-14/

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7S "?
v.- k. c ""fr?
tiever ceased to provide for his
sisters. One of them said the
other day that each sister now
gets $50 a month from William.
The boy was quick to learn.
After a while he entered a bank
and learned finance. Then he be
came treasurer of a Fall River
cqtton mill. He finally came here
ana in the Washington mill mas
tered the art of manufacturing
and issisted in the introduction
of shobby cloth.
He met and married the daugh
ter of Frederick Ayre who had
made a great fortune out of
patent medicine.
Ayre had been buying mill
stock and the mills had not been
prospering. He backed his son-
m-ia.w wiui his nmuuiis, uyw?-
ever, and by a combination ad
roitly managed tactics, including
shobby, schedule K and labor
crushing Wood made Ayre's for
tune swell to proportions that
made even the patent medicine
game seem tame.
The son of the poor mill worker
became a millionaire and formed
the present wool trust.
A few weeks ago he was in
Washington banqueting the
standpat senators and represen
tatives and Taft's tariff board,
and pleading for tariff protection
for his employes.
Tbday he is in Boston giving
out statements that "trade condi
tions do not warrant" meeting
the demands of the strikers who
left their looms rather than ac
cept a cut in wages averaging
only 22 cents per week.
Wood claims that no dividends l
are paid in th'e common stock" of
his company and "only 7 per cent
in the preferred."
The fact is that the common ,
stock is treasury stock and th'e
company has been stowing away
an enormous surplus, while the
tariff sailing wa good.
Wood is a dark eyed, black
haired nervous little man with a
vain conception of his power to
control men his workers, stock
holders, politicians, editors, any
one and everyone who comes be
tween him and the desire'd result.
He works desperately hard at
his business game in and out of
season. It is said here that h,e
keeps at such a high nervous
tension that he cannot compose
himself to sleep at night imtil a
Sweed massagist has operated
upon him.
Not a Minstrel Show.
"This world's a stage," said the
ready-made philosopher.
"Mebhe so," replied Farmer
Cornstossel. "But it ain't any
minstrel show. Business ain't ar
ranged so that the middlemen al
ways gets the joke put on him
while the. men at both ends of the
line do the laughin'. Not yet."
Washington Star.
o o
"A man always likes to feci
that he is in a position to reward
his friends and punish his enem
ies." "That's true," replied Senator
Sorghum; "sometimes I am
tempted to take a position as jani
tor of a big buildiag." Washing
ton Star.

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