Rensselaer Semi-Weekly Republican, Volume 34, Number 42, Rensselaer, Jasper County, 24 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 tie “money power” and his invective against Wall street, ex-Senator Charles A. Towne is to enter that thoroughfare. The firm of C. A. Towne & Cd., 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.’’ —HJa.Xriond urged that a good name was better than money, and the exSenator, 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.