File:Life and character of William Taylor Baker, president of the World's Columbian exposition and of the Chicago Board of trade (1908) (14598386987).jpg

Identifier: lifecharacterof00bake (find matches)
Title: Life and character of William Taylor Baker, president of the World's Columbian exposition and of the Chicago Board of trade
Year: 1908 (1900s)
Authors: Baker, Charles H. (Charles Hinckley), b. 1864
Subjects: Baker, William Taylor, 1841-1903 Electric power-plants
Publisher: New York, The Premier press
Contributing Library: The Library of Congress
Digitizing Sponsor: The Library of Congress

View Book Page: Book Viewer
About This Book: Catalog Entry
View All Images: All Images From Book
Click here to view book online to see this illustration in context in a browseable online version of this book.

Text Appearing Before Image:
ich is reproducedherewith. The Leiter corner failed and Joe Leiter wentunder as a result of it, but there are a great manypeople today who raised wheat in that year who stillbless his memory for his good intentions and what hedid for them, and Father himself, undoubtedly had akindly feeling for the part which young Leiter tookin the history of wheat, and I have myself, like-wise, for it undoubtedly had something to do withmy own achievement in the harnessing of SnoqualmieFalls. Fathers fortune at this time when he was fifty-sixyears old was probably about two-thirds of a milliondollars, and at no time before or since was it likelyany greater until the successful issue of the Snoqualmieand White River power developments in the Westresulted in the practical trebling of his own fortuneas well as adding equally to mine. He never set hismind on the swollen fortune idea, caring more as tothe method of attaining an end, rather than the attain-ment of the end itself. He was one of the ablest,
Text Appearing After Image:
72 LIFE OF WILLIAM TAYLOR BAKER boldest and most successful operators in the historyof the Board of Trade. He studied speculation as anexact science, founded upon the laws of supply anddemand, in accordance with the doctrine laid down byJohn Stuart Mill, When speculation in a commodityproves profitable it is because in the interval betweenbuying and reselling the price raises from some causeindependent of the speculators, their only connectionwith it consisting in having foreseen it. As a far-sighted speculator he also saw how in the lapse of aninterval of time, prices might shrink instead of rise,which situation he directed likewise to his own advant-age. As a successful speculator he was a student of allthings and conditions which go to establish the law ofsupply and demand. There was not a day in the year thathe did not know the crop conditions as they existed inall countries that supply the grain of the world. Inthis connection he studied weather conditions, trans-portation facili

Note About Images