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This little story is published throughout the internet. The point is well
taken.
However, I would like to know what was so important about this meeting and
does anyone know where this story can be corroborated?
Chuck Kaucher
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Please feel free to copy and publish this information!
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,
Those present were:
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 the New York Stock Exchange;
A member of the President's Cabinet;
The greatest " bear" in Wall St.;
Head of the world’s greatest monopoly;
President of the bank of international settlements;
Certainly we must admit that here gathered a group of the world’s most
successful men. At least men who had found the secrets of making money.
Twenty-five years later [1947], lets 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 the New York Stock Exchange - Richard Whitney - was recently
released from Sing Sing.
The member of the President's Cabinet - Albert Fall - was pardoned from
prison so he could die at home.
The greatest " bear" in Wall St - Jesse Livermore - died a suicide.
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.
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