The Waxahachie Daily Light

By GEORGE MARTIN,
United Press Staff Correspondent
NEW YORK, Jan. 2.--A young
man walked into the House of Morgan at the corner of Wall and Broad
streets here today and sat down at
the desk he had had his eye on for
twenty years.

The young man was Thomas
Cochran of St. Paul, Minnesota,
who, born among riches and later
forced to poverty, has struggled back
up the ladder to the point of suc-
cess where J. P. Morgan invited
him to become his twelfth business
partner. Cochran officially assumed
this enviable position in the world
of finance today.

Cochran was confronted twenty
years ago with the alternative of
working his way through his last
year at Yale, or quitting. His fath-
er's death and the loss of the family
fortune put it up to the young man
from St. Paul.

Young Cochran worked his way
through the last year. He forewent
society, in which he had played a
large part; also football, despite the
fact that he was a member of the
Yale team; likewise Skull & Bones,
the exclusive fraternity to which
he had been elected. He took work as
a tutor. He took other work too
and when he graduated he had the
habit

Ten years ago Cochran was work-
ing for a real estate company here
for wages that almost any Wall
street clerk would curl his lip at.
He had "stuck" there seven years
at the same salary, but he knew
what he was about. He knew what
he had and he was content to wait
for the psychological moment to get
into the big play.

Then Henry P. Davison, a partner
of the late J. Pierpont Morgan
"discovered" Cochran and invited
him to help reorganize the Astor
Trust company. Cochran's advance
since then has been rapid, but he
has stood the test and no flaws
have developed.

The real estate clerk of ten years
ago today is not only a Morgan
partner, but also a director of the
Astor Trust company,
Knox Hat
company, Submarine corporation,
the Kennecott Copper company,
American Piano company, the Hecla
Iron Works, the United Dry Goods
company, the Associated Merchants
company, Lord & Taylor.