TOD SLOAN 



be " buncoed." I have spoken of his great generosity 

 and one instance of it was when one day I went to his 

 house on Fifth Avenue. After a Httle casual talk and 

 looking round at his pictures and furniture I told him 

 I was in a hole : " I have been gambling in stocks and 

 I'm in bad." A man had told Ned Gilmore, Charlie 

 Hoyt and me in the Fifth Avenue Hotel that sugar 

 would go to a certain point. I had taken the tip and 

 as a result I was pretty nearly fifty thousand dollars 

 to the bad. 



" I didn't know you gambled in stocks, Sloan," Mr 

 Whitney answered ; " and I am sorry to hear of it 

 now. That is a game you should keep away from. 

 You mustn't expect me to approve of it ; stick to your 

 own business." Just as I was going away he added : 

 " I don't see how I can help you, but if you buy about 

 five thousand shares of American Tobacco and go to 

 sleep on the deal until there is a ten points' rise I think 

 you may pull out all right, but, mind you, I guarantee 

 nothing. Cut it all out is my advice to you." 



I bought the Tobacco stock, leaving a limit of ten 

 points, and went to California. And then one day 

 when I was standing in a duck marsh during a day's 

 shooting I was handed a telegram telling me I had 

 made a hundred and ten thousand dollars. My luck 

 was talked about and much exaggerated at the time. 

 I was reported to have cleaned up half-a-million dollars 

 but the figure I give is exact. 



Although he became so keen on racing Mr Whitney 

 never came out to the stables in the early morning at 

 the hour when Mr Keene and other big owners we all 

 know like to see the horses gallop, but he loved to be 

 around horses, and would drive over in the afternoon 

 and loaf about looking over the boxes and chatting 

 with the stable-boys. Every one of them would have 



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