578 



THE INDIA RUBBER WORLD 



[August 1, 1913. 



financiers, such as Roswcll P. I-'linvcr, E. C. Benedict and 

 Edward Murphy. Consequently, when Mr. Brady sought their 

 aid in consolidating the Albany gas companies, he readily 

 secured it, and was made president of the new combination. The 

 results obtained by the use of a new water-gas process were 

 highly profitable for the four members of the syndicate. 



He next turned his attention to the electrification of the 

 Albany and Troy horse car lines, being a pioneer in the substi- 

 tution of overhead electrical wire for horse traction. Subse- 

 quently, he reorganized and consolidated the Chicago gas com- 

 panies. 



AxiHO>v .\. Brady. 



His Western connections brought him into touch with oil, 

 the possibilities of development in Ohio attracting him in con- 

 nection with fighting the Standard Oil Co. The Manhattan 

 Oil Co., of Lima, Ohio, was pushed into competition with the 

 former. Mr. Brady soon got into touch with leading financiers 

 regarding a score of ventures in which oil and gas figured. 

 Electricity followed, until he came to be regarded as the most 

 influential single factor in traction, lighting and power lines. 



Pursuing his onward way, Mr. Brady came to New York m 

 1891, securing a contract for equipping with new rails a street 

 railway in the Bronx, nicknamed the "Huckleberry." Being 

 unable to collect the money due him, he took over the road, 

 organizing for its operation the Union Railway Co., afterwards 

 leased to the Metropolitan Street Railway Co., which Mr. Brady 

 helped to organize, and which had a capitalization of $30,000,000. 



About this time, in conjunction with Thomas Ryan and 

 the late W. C. Whitney, he acquired the Edison Co., capitalized 

 at $25,000,000; and having purchased other companies in the 

 same field, he organized the New York Gas and Electric Light, 

 Heat and Power Co. The last named combination was taken 

 over by the Consolidated Gas Co.. with $80,000,000 capital, of 

 which Messrs. Brady. Whitney and Ryan were elected trustees. 



Later on, Messrs. Ryan and Brady had a disagreement, after 

 the former had suffered in the Wall and Cortland street deal. 



In 1894, Mr. Brady, in conjunction with the late Roswell P. 

 Flower, secured control of 250 miles of Brooklyn surface rail- 

 ways, organizing the Brooklyn Rapid Transit Co., with a capital 

 of $20,000,000, and becoming chairman of the executive board. 

 The efltorts made some half a dozen years ago by Metropolitan 

 interests to control the Brooklyn Rapid Transit Co. forced Mr. 

 Brady to make a counter alliance and to repel the attack. 



Among other combinations, Mr. Brady organized the Metro- 

 politan Traction Co.. which was the foundation of the present 

 New York trolley system, and which is now the New York 



Railways Co. Providence, Washington, Philadelphia and many 

 other cities also engaged his attention in public utility organ- 

 izations. 



To tell the story of Mr. Brady's career in Wall Street would 

 be to recount the financial history of the past 20 years. Some 

 sixty corporations are said to have been working under his 

 guidance, while his heavy investments are understood to have 

 been in Brooklyn Rapid Transit, .American Tobacco and United 

 States Rubber. In addition to these, a number of smaller hold- 

 ing go to make up the total of $100,000,000 at which his estate 

 is estimated. Since 1898 all of the New York lighting and 

 power companies have been under his control, and his son is 

 president of the New York Edison Co. 



One of the most noteworthy events of Mr. Brady's life was 

 the merger which he brought about in 1905. between the Rubber 

 Goods Manufacturing Co. and the United States Rubber Co., a 

 work for which he was probably better fitted than any other 

 man in the financial world. 



Mr. Brady was a member of the syndicate which in January, 

 1899, organized the Rubber Goods Manufacturing Co. In May, 

 1905, a new syndicate was formed which secured control of the 

 capital stock of the company. He acted on behalf of 

 that syndicate (known as the "Brady" Syndicate) in the nego- 

 tiations with the United States Rubber Co., which resulted in 

 the merger of the two corporations. In June, 1S04, Mr. Brady 

 became a director of the United States Rubber Co. 



Mr. Brady recently sailed from this country for Europe, in- 

 tending to spend his vacation abroad. His trip was undertaken 

 against the advice of his physicians, who regarded his condition 

 as being unfit for prolonged travel. When the gravity of his 

 illness became apparent, Mrs. Brady was called from this side, 

 and reached London before her husband's death. The remains 

 have been brought over by the Baltic. He is survived by his 

 wife, Mrs. Marcia Myers Brady; two sons, Nicholas F. and 

 J. C. Brady; and three daughters, Mrs. James Farrell, Mrs. 

 Marcia Tucker and Mrs. Mabel Garvan. 



Mr. Brady, while able to do twice the average man's work, 

 never seemed in a hurry. His mind was extremely active and 

 he got at the bottom of things quietly and accurately. He w-as 

 considered a firm friend, never forgetting a favor. 



Z. T. LINDSAY. 



Zachary T. Lindsay, one of the most highly esteemed members 

 of the rubber jobbing trade in this country, died on June 30, after 

 an illness of a few weeks, at his home, "Highridge," Omaha, 

 Nebraska. Mr. Lindsay was born in Iowa in 1848, and at the 

 age of 16 he showed the sterling stuff of which he was made by 

 enlisting in the Iowa 4Sth Infantry. Tho the war came to a 

 close not very long after, he saw much active service. In 1868. 

 at the age of 20, he joined the Western pioneers and went across 

 the plains in a wagon to California, where he tried his luck at 

 mining — a very uncertain occupation then as now. Three years 

 later he returned to Iowa and opened a shoe store, which was 

 the beginning of the career that he was to continue for over 

 forty years. In 1878 he moved to Council Bluffs, where he opened 

 a larger store; and six years later he made another move, to 

 Omaha, and soon had under his management four shoe stores, in 

 which rubber footwear formed an important department, the 

 business soon developing into a large wholesale rubber trade. 

 This enterprise was so successful that in 1898 the business was 

 purchased by the United States Rubber Co., and the name changed 

 to The Interstate Rubber Co., Mr. Lindsay being retained as 

 president and manager, a position he continued to hold to the 

 day of his death. In the management of this large Omaha dis- 

 tributing concern he held not only the confidence of the great 

 corporation with which he was connected, but of every member 

 of the local trade— and this implicit trust imposed in him by all 

 who had any business relations with him was perhaps the largest 

 factor in his success. 



