Jasper County Democrat, Volume 4, Number 42, Rensselaer, Jasper County, 25 January 1902 — TOWNE ENTERS WALL STREET. [ARTICLE]

TOWNE ENTERS WALL STREET.

Ex-Senator Heads a New York Banking and Stock Exchange Company. In spite of his denunciation of the “money power” and his invective against Wall street, ex Senator Charles A. Towne is to enter that thoroughfare. The firm of C. A. Towne & Co., bankers and brokers, will occupy handsome offices at Nos. 63 and 65 Wall street, and it is said negotiations have been completed for the new concern to acquire a seat in the New York Stock Exchange. In May, 1901, in answer to a telegram from a friend in the Beaumont oil field in Texas, Towne answered from Duluth: “What's the use? I haven’t any money.” His friend urged that a good name was better than money, and the ex-. Senator, who had retired to practice law, went to make a fortune. He successfully floated two large companies and six months ago was rated a millionaire.