Success?

 Images Burning Money

At the Edgewater Hotel in Chicago in 1923, nine of the most successful businessmen in the United States gathered for a meeting. If these nine had combined their resources and assets, they would have controlled more money than the U.S. Treasury. In the meeting were:

1 – The head of the largest monopoly in the nation.
2 – The most successful speculator on Wall Street.
3 – The president of the largest independent steel company.
4 – The president of the largest utility company.
5 – The president of the largest gas company.
6 – The greatest wheat speculator in the United States.
7 – The president of the New York Stock Exchange.
8 – The president of the Bank of International Settlements.
9 – A member of the President’s cabinet.

Twenty-five years later … Where were these men?

1 – Ivan Krueger, head of the greatest monopoly, died a suicide.
2 – Jesse Livermore, the most successful speculator on Wall Street, died a suicide.
3 – Charles Schwab, president of the largest independent steel company, died in bankruptcy and lived on borrowed money for five years before his death.
4 – Samuel Insull, the president of the greatest utility company, died a fugitive from the law and penniless in a foreign land.
5 – Howard Hopson, the president of the largest gas company, went insane.
6 – Arthur Cotton, the greatest wheat speculator, died abroad, bankrupt.
7 – Richard Whitney, the president of the New York Stock Exchange, was released from Sing Sing Penitentiary.
8 – Leon Fraser, the president of the Bank of International Settlements, died a suicide.
9 – Albert Fall, the member of the President’s cabinet, was pardoned so that he could die at home.

Sobering.

“Stockpile treasure in heaven, where it’s safe from moth and rust and burglars. It’s obvious, isn’t it? The place where your treasure is, is the place you will most want to be, and end up being.Matthew 6:20-21

2 Responses to “Success?”

  1. Greg Russinger Says:

    Telling!
    Hey Sam, wanted to touchbase about Sunday March 25th 3-8pm. We are working alongside many to put together Freedom Day, one voice to end slavery. You can know more through the web http://www.onevoicetoendslavery.com.
    Would love to see if you can get the word out, and maybe partner with the event.

    Blessing
    greg

  2. What is success? at Hismethod Says:

    [...] This was originally posted on Under the Iceberg and is excellent reminder of the fleeting nature of the things of this life. At the Edgewater Hotel in Chicago in 1923, nine of the most successful businessmen in the United States gathered for a meeting. If these nine had combined their resources and assets, they would have controlled more money than the U.S. Treasury. In the meeting were: 1 – The head of the largest monopoly in the nation. 2 – The most successful speculator on Wall Street. 3 – The president of the largest independent steel company. 4 – The president of the largest utility company. 5 – The president of the largest gas company. 6 – The greatest wheat speculator in the United States. 7 – The president of the New York Stock Exchange. 8 – The president of the Bank of International Settlements. 9 – A member of the President’s cabinet. [...]

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