1929-02-27 — Page 11

WEDNESDAY, FEBRUARY 27, 1929.

For shirts.

that never say “die”

From First- class Stores throughout China and the Last.

Vivella

"Wead

------

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THE

JAKIE FIELD

MEMORIES OF A GREAT WALL STREET OPERATOR

A VIVID FIGURE

CHINA MAIL,

ed that his open frankness would completely disarm those anxious for the news and put them off the track.

GORDON PEERAGE

'ANCIENT LIST OF PEERS

OF SCOTLAND

WHAT “THAT ILK" MEANS

Someone in the fifteenth cen

One Instance was when he had accumulated a long line of Bathle hem Steel through a score of brokerage houses that completely With the recent demise of Jacob hid the identity of the buyer, and Field in New York at the age of when one of the strongest cliques tury made # rough note of peers of Scotland. This 76, Wall Street has lost one of the in the Street suddenly started buy-the most vivid figures that ever braveding "Bessie" they found only a vold, fragment of writing Was For several, with the result that the price shot brought from the British Museum decades past "Jakie" Field as he up by leaps and bounds. Instantly to assist the Committee for Privi- was known to hundreds of specula-, aware that something was wrong leges with regard to the vexed ques tors in persons, and to thousands and anxious to dislodge some of the tion of whether barona in Scotland be before 1445 possessed personal or by the printed words of his exploits, stock, they caused stories to has been the ons bull in the china Printed that did not paint a too merely territorial diguities. The shop that could always be counted vivid future for the company and Committee also examined, amongst apon to provide the Anancial roman-gradually the story got out that other things, the terms of a truce

someone had sneaked in under their between Scotland and England. tivists with fuel for their flames.

its narrow confines.

A rigid exponent of the old order noses and bought the better part when men wore fancy waistcoats, of the controlling interest. boutonnieres, Prince Albert_col-'

Buying Bessie

The Committee are examining the claim of Sir Bruce Gordon Seton that he is entitled to the dignity of lars, and showed almost a fanatic- Finally one reporter thought he Lord Gordon, being the heir of lem to dress, that was indeed most might get a lead on the yarn from Alexander Seton of Touch, the marked in a world of financial Field and to the Impeccable opera- grandson of Sir Alexander Seton, Brummels, Field was a character, tor he went only to learn, "Yes, who married the heiress of the Gor- and the only runner-up he had was I've been buying 'Bessie' for six don family and was, Sir Bruce! the late Thomas W. Lawson of Bos-months. I got quite a line now. I Gordon Seton contends, created

think it's good for a 50 point rise," Lord Gordon about the year 1429. Fooling 'em With the Truth jand it was 80. Personal feelinga | The claim is opposed by the Mar- But the outstanding characteris- and antagonisms could not change quis of Huntly. tic of Field to the newspaper men economic laws and despite the Donoughmore presided over the who were often on that most dif- wishes of the bank controlled group, I

Mr. J. R. N. Macphail, K.C., for Acult of trails, a financial story of Bethlehem sought its true level far impending deals, was his unfailing above where Jakie started buying the petitioner, said that the title had not been claimed for 560 years. He friendliness, and indead he well it.

ton.

Committee.

The Earl of

utilized his one rule in Wall Street, | A daring plunger, who made an had an explanation. There was "Fool 'em with the truth." Time initial speculation of $10 grow to powerful usurpation and a great and again when pressed to reveal a fortune of millions of dollars, deal of fraud. something that had been whispered Field pitted his judgment against

Chief of Family Lord Darling asked what was the about, Field would greet reporters, the hazards of the Stock Exchange with a amile and the ever offered and the banking cliques that largely meaning in the documents of the cigar and tell them the whole mat- įrun it, for 58 years. He retired phrase "of that lik."

Viscount Dunedin: It is general- ter in detail and it usually happen in 1925 on account of Hl health, at

the same time dlaposing of his seat ly regarded as referring to the anti- for $152,000, the highest prices than 'quity of the family and to the fact on record. The scat had been pur-that the person is the chief of the chased by him in 1888 for a price family. Grant of Grant would be of $19,000.

¡Grant of that ilk, but the phrase would also apply if there was no land.

For reliable date on China's Shipping, Edu- cation; Railways and Geography.

THE CHINA

YEAR

Consult

THE CHINA

YEAR BOOK

1927-8.

Obtainable at:

KELLY & WALSH, LTD..

HONG KONG

PRICE $15.00.

Where Quality counts CAPSTAN Cigarettes reign supreme

The First Plunge Field was born in a tenement on

As an illustration of his case, Avenue C. of immigrant parents counsel mentioned that within five and at an early age was selling years the Bothwells parted with newspapers on Brooklyn Bridge their lands, but retained their title. He often told the story of his first Queen Mary's Bothwell was not adventures in finance long before owner of the lands of Bothwell, his majority when a banker who In 1428 Alexander Seton (secun- stopped his carriage every evening dual was not "master"; in 1435 he on the way home to Brooklyn to was "master", a title born by eldest purchase his paper from the enter

sons of peers. prising youngster gave him a tip

What counsel called "titles for ex- in a mining stock that was about port" were discussed in relation to an extra dividend, the embassy of King James II. in to declare Though not yet 16, Field borrowed 1437 to England. The Scottish re- and begged whatever money he presentatives included Sir Alexan could get and plunged to the hilt in der Seton (primus) and were de- one of the numerous bucket shops scribed as "barones". That, he then legal in New York. The result suggested, was the nearest term to was as the banker expected. The the English word "baron" which stock "shot through the roof" to use could be used.

a Wall Street term and Field reaped Viscount Dunedin said that the ja golden harvest.

Committee would accept that if Quite naturally his Interest in Alexander Seton (primus) newspaper selling ceabed and he created a peer that peerage would deserted Brooklyn Bridge to be descend through Alexander Seton come a financier. Though the game of Touch.

did not consistently go to his ilking,

he won on balance and before he had reached 25 he had won and lost his first million. And this was Ito be repented some 15 times before

he left the street.

A Lucky Whisper

It was during one of his down periods before the age of 21 that jhe secured a job na messenger for a Wall Street house. This W48 during the panic of 1873 and one day he was sent to deposit a cheque for $180,000 in his. firm's bank Arriving thene he noticed two off- cers of the institution talking and edging nearer he heard something that sent him scurrying back to his jemployers. The result was a heavy

selling wave without apparent ren-{ son that struck the exchango ke a death blow. But the cause be- came known early the next morning when the bank suspended payment jand brought on a deluge of selling orders that drove prices downward [in all quarbers. But one house' was short of the market up to the hilt and profited considerably from the decline, all because their messenger had overheard a conversation and had tipped them off. Nor did he forget to bring the $330,000 cheque back to his employers, who deposit- ed it in a stronger institution.

In later years Field wielded such Jan influence in the market that he had difficulty in always covering This tracks and the result was that he was soon the centre of a clique that could make a tremendous m. pression on prices by virtue of the money they controlled. The group had their headquarters at the Waldorf-Astoria Hotel on 34th Street and the "Waldorf crowd", as It came to be known was a force to be reckoned with.”7

At its head was an immaculately dressed, cool and collected man who had a habit of "fooling "era" with the truth" and getting away with lit. Jakie Field did for half a con- itúry and all Wall Street, friend and foe alike, mourns his passing. He was a foeman worthy of any man's steel

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Among these February Red Seal Records there are selections to please every taste

Distinguished Red Seal artists bring you beautiful interpretations of the musical classics. Well-known popular songsters offer the latest tunes. Celebrated dance-orcitestras turn out rhythms that makes dancing a foregone conclusion: Check the records you would like to hear. Then fear out the advertisement and visit ai. You'll enjoy listening to every one of them. Come in soon.

RED SEAL RECORDS

Mignon-Connais in le pays?

Knowest Thqa the Landf) (Thomas) Mignon-Gavotte Me voici dans son

Foudoir

(Here Am I in Hor Boudoir) (Thomas)

LUCKIZAA BORI No. 1361, 10-inch Tristan und Isolde-Part 1 and Part 2

Isoldens debestod (Isolde's Love-Death)

MARIA JEZITZA· (Wagner)

No. 1963, 10-fuch La Fille aux Cheveux de Lin

(The Maiden' With Flacon Hair) (Debussy-Hartmann)

En Bateau (Boating) (Debussy)

Violin with Plano

FETİZ KARDELER No. 1858, 10-inch Loch Lomond (Old Beotch Afr)

(Recorded in Europe) Scotch Memories (Lauder) Hame O'Mine

-A Scot Is a Scot-My Bonnie Wee Wes

·SH HARTY LAUDER

No. 9295, 12-kuch-

Valse Brillante (In E Flat)

(Chopin, Op. 18) Piano Valse Caprice (Rubinstein)

TONACE JAN PARLIEWEET No. 6877, 12-bach

La Favorita-Una Vergine un Angiol

di Dio (Like an Angel) (Donizetti) Ellair d'Amoro-Adina Credinu. * (Elixir of Love-Adins, Trust to Me) (Donizetti)

ZITO BONITA

No. 1862, 10-inch Punchinelle (Weatherly-Molloy)

· The Sands O'Doo (Kingsley-Gay)-

BERALD WARENRATIE No. 6885, 12-incl Sonny Boy (from Warner Bros, picture, The Bigging Fool) (Jolson-Da Sylva-

·Brown-Henderson) -Joganlae, I Dream of Lilac Time ♥

(from Firat National ploture, Ziiso Time). {Gilbert-Blllkret) #Jome MoComMALTE.

No. 1860, 10-inch

INSTRUMENTAL RECORDS

The World Is Waiting for the Sunrise

(Lockhart-Belts Banta) Plano Dorothy (McHugh Bents) Plano

No. 21891, 10-inch

FRANK BANTA

POPULAR DANCE AND

(Can't Give You Anything But Love

(from the musical comedy, Blackbirde of 1928) Wonder If You Miss Me Tonight

A GENE AUSTIN

21798, 10-Inch

Where Were You"Where Was IP

(Exactly Where We Are) (from the *musical comedy, Billie), bla Bille (from the musical comedy, Billa)

JIN POLLY WALKER No. 11799, 10-inch

Die Fledermauis Overturo Part 1 and

Part 3 (The Bat) (Johann Strama)

VICTOR SYMPHONY'ŐI No. 83956, IZ-inch

VOCAL RECORDS By the Waters of Mlanetonka

Meditation from Thats --For Trok

-PAUL: WHITEHan And His 'OscuREST Nd: 21796, 10-inch BM) Sweethearts on Parade---Fur Trat

With Vocal Refrain That's What Puts the "Sweet” in Home

Sweet Home--Fox Trot OS

•With Vomi Refrain, bori

BUREN JEAN GOLLEITTEE

No 21800, 10 inch

MOUTRIE

CO. LTD

istributors

Hankow.