MILLISONAIRE'S DEATH.

Dominion, Volume 2, Issue 514, 22 May 1909, Page 5

MILLISONAIRE'S DEATH.

ii. n. Rogers. Ini fEi.Kti'iAPii—l'iiEss AsstuuiAi'ioN-corvnloßT.) I 1 Kmv Yorlt, May 20i Mr. Honry:H. -Rogers, vicc-president and director of. tho Standard Oil Company, and a director of steel- and copper undertakings,, is dead. ' ' His fortune is estimated, at twolvo millions sterling. Copper, oil, and steel stocks aro littlo affected by his death. MR. ROGERS AMD THE STANDARD OIL' ■ ■ - CLiaUE. Subsequent to a seizure iii 190?, .Itr. H.' H. KsgSri hud had to "f;o alow'." At that time ha had a pra'Hculai'l.y • heavy weight of flnanol<il : re-' sponslbllifcy,'.and, thoughMie has remained a mtiltt-lnillionairo, it is oltor that his worries at 1 that time wore very great. An American correspondent,■ writing' in. 1007: Stated: — - .With the retirement from active life of Mr.. H. H' Hogbiv andtlier yiilostoiie- In Wall Street annals Is reached, for, the dielritegratlbn' of ; the poworful "Standard Oil' crowd,"- . wllioli for a deoiilo hasldominatod the financial world, is rapidly going on. So" long as\ Mr; Rogers, resourceful and fond'of the battle of life.'was: in./sound -health,\"2G Broadv<ay," tho, nead- . quarters of tho most, wealthy; clique ,in tho 'co.iintl'y, .was'a phraso to conjure with; bat now all this is ollanged: Semi-demoralisation reigns "—aceortlinir to' pooplo In closo touch 'Mith the; Inside—arid Uttle wonder,: for a collapse In' Wall Street -ahd in the . cdpper Industry 'is n'dceithintetl by. confiscatory fines and Government suits'to brettk up the Standard Oil Company. I'or tho first time in fifteen years, Mr. John .D.- Rockefelietv leaving his beloved fcolf links, has returned to Motive,participation, and! is now tryiny to take up the burden laid down by Mr; 11. 11. Rdgei's. But aWn 6f 68 years, with .none too. strong, ii constitution, could not'last: long'ih .such i' ; strehU6Us■ atmosphere, nnd ,iipon .Mr. J. D; Arohbold falls the real i'tri.nnitlo- of leadership—he- is "tho only, lißhtiag. bug left of the old guard," os a {fiend put it tho other day. , Mr. Archboldi who is ; less than CO, omhodics the old Standard Oil .type, being cpmbn.tiyo to ii . fault, standing. upon his private I 'Hjlitrs as ha 6Ces' them, regardless bt .the newer Corporation crcSd of ebneuifttion of public \£entinleht; ' Mr; William Rockefeller, who,' with' Iff. James Stltltaan,'. president of the NntionaUClty; Bahk, and Mh' ,H. H. Rogers, composed tlio Speculative; branch of. the' Standard ...Oil phfty,. is' agintf rabidly, ."and- shows: his 60 .years' plainly, .though stillYtrying manfully, to. do lus part. Mr. Rogers's retirement was .nntiucstionably.jiasteried by tho' tremendous drafts ;upon his ,energy, as . well m'mSotttoes, Kstiltitifi from tho construction Of tile Tidewater. Railway, now'knowii as , tha ,VirRlniArl RhllM'y/AVhieh.ls ens'of tho mosLej:-' Wnsito ralliwl projMtS in thiS ooUntcy. When compldted,- it ■ will: ba a bea-llnb from the coal mioEs: of' Ww.t Yinrinia- tn .Titfowalcr. and will cost probably £60,000,000, Mr, BogerirVperaorial outlay toi-day being estimated at-fully. ' In order to complete ithb line he was compelled a few months- ago to rasio •£10,000,000, :on noteß with his endorsement,'.secured by' 4120,000,000 trust raorlsnsc bonds, and ,£10,000,000 dividend or interest paying collateral. It 13 ourront ■ rumour' that large blocks of gilt-edged securilW: have been Sold by Mr: Rogefs during the post few months hi order to finance this project. The holdings of Mr, Rogers ,in the Standard Oil Company, which amount to 10,020 shares, are said' to havo been deposited ag&inst the tfidewater notes. .' : .\ ■ v :