London, Aug. 1.
One of Seotiand's greatest finan-Jciers and philanthropists died to-day the person of Mr. Robert Fleming Jat the age of 81.
Known as the "father" of the investment trust system, he started, Jamong other successful _undertakings, the Scotland-American In. vestment Trust, which expanded to such proportions that three separ-jate companies had eventually to be iz|formed to handle its business.
When the United States recovered from the effects of the Civil War, a wonderful field for his act was provided and he was largely responsible for the construction of the [Santa Fee and other railroads. An-Jother great task which he undertook was the formation of the Anglo-Persian Oil Ca.
Mr. Fleming combined modesty'
ith benevolence. alleviating the misfortunes of others as unostent viously as possible. lof depression in Dundee, }400 houses for those hardest hit, renting them at absurdly low prices, Strangely enough, he was never con-Inected either with the stock exchange or banking—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.