“My admiration for the late J. H. Osterman was based on his force and courage and initiative, rather than upon his large fortune and the speed with which he had accumulated it after he had passed the age of forty. Mr. Osterman was not always a pleasant person to be near. Not that he was given to violent rages, but in the prosecution of his various enterprises he had the faculty of giving one the impression that but a fraction of his thoughts was being revealed and that he was sitting apart and in judgment upon one, as it were, even while he talked. He had the habit of extracting the most carefully thought-out opinions of all those about him, and when all had been said of shaking his head and dismissing the whole matter as negligible, only to make use of the advice in some form later. At such times he was apt to convince himself, and quite innocently, I am sure, that his final opinion was his own. “In so far as I could judge from hearsay and active contact with him for a period of something like fourteen years, Mr. Osterman was one who required little if any rest and at all times much work to keep him content. His was an intense and always dominant personality. Even after he had passed the age of sixty-five, when most men of means are content to rest and let others assume the strenuous burdens of the world, he was always thinking of some new thing to do. It was only the week before he died, stricken while walking upon his verandah, that he was in my office with a plan to subsidize the reigning authorities of a certain minor Asiatic state, in order that certain oil and other properties there might be developed under peaceful conditions. A part of this plan contemplated a local army to be organized and equipped and maintained at his expense. Of a related nature was his plan for the double-screw platform descents and exits for the proposed New York-New Jersey traffic tunnel, which he appears to have worked out during the spring which preceded his sudden demise and plans for which he was most anxious to have this department prepare in order that they might be submitted to the respective states. It is hardly needful to state, since the fact is generally known, that those plans have been accepted. Of a related nature were those Argentine-Chilean Trans-Andean railway projects so much discussed in the technical engineering as well as the trade papers of a few years since, and which recently have been jointly financed by the two governments. Only the natural tact and diplomacy of a man like Mr. Osterman, combined with his absolute genius for detecting and organizing the natural though oftentimes difficult resources of a country, would have been capable of making anything out of that very knotty problem. It was too much identified with diplomacy and the respective ambitions and prejudices of the countries involved. Yet it was solved and he succeeded in winning for his South American organization the confidence and friendship of the two governments.”