Monday, Mar. 14, 1949

Amateur at Work

At the American Woolen Co.'s mill in Riverside, R.I., all the workers knew quiet, unassuming old Albion R. Allen. He had worked up from odd jobs at $6 a week to boss dyer at $60 a week. If he had never made a lot of money, he had always managed to save some of what he made. He bought a home and lived comfortably--by himself, after his wife died. Some of his friends heard that he also dabbled in the stock market, but taciturn old Albion never talked about it. Last July, at 72, he died.

When Albion Allen's estate was probated in Providence last week, the millworkers whistled in amazement. Allen set forth in his will that he had used his savings to play the market. He had done well. His estate in stocks was worth $848,404.

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