| Show HOW STATESMEN MAKE MONEY Some LioUy Heal Kstato Speculation of Fnmouw Public Mon u I 1 I John SttnnoHl Million Fief on Columbia lltifhtl and Soul of Dan Camtient i lltg lealilHe California Omiiafi in lUliiiftont SutuiktASItty 1 of Ceo U I Child and Mrs Gin Gianlt flJSooa ChttkKomantleSterltttf HatMntton I PnttrlySMtimin UkoKnlllouitt ami ThtirliriraMgaiicit Ehinit Lucky Iurchaus and Suburban tlMigloa I l alanll Cleveland ant anJUe Hiltney Lilale line Gioun in i MM 1 Kt = = = = tfHlal CenupmdtM sere NlW iiiNotonJu1yi9i 9JMr C n Grant old her New fork home b few weeks ago for JlJScco and I understand that this money is to be Invested six per cent mortgages on Washington property The dory of the sale Is an Interesting one The house was bought ono years before Grants death by his friends George W Child And Mr Drexel of Philadelphia and was made A present to him Drexel > and Childs paid 90000 for the house and ll formed Gen Grant home during lilt last days In It he wrote part ul his book and from II hr went to Ml McGregor to die After Grn Grtntt death Mr Childs advised Mrs Grant to tell the house telling her that the would l probably find It too large for her use and that by Investing the money which came from It die could get n better Income than by renting It Mrs Grant refused to do this She did not like 10 part with tie properly largely for sentimental reasons and she told Mr ChlldJ that she had refused an offer of f 00000 I for it As time went on however she fouid the property rather a burden than A source of Income She had teen living In the country with her son Ulysses S Grant JrlInd not long ago she received this utter o fnjujo for the house She wrote Mr Child and he advised her to accept f t ll She did so and as soon ns i the received the money telegraphed Mr Child to come to New York to meet her Upon his II appearance die told him I she I wished him to pl Invest this money for her She said that Gen Grant had relied upon his butlncss judgment mOle than upon that of any other man In the world and that she named him to take this money and to place It where he thought best She thereupon gave him a check fur f ijjooo and he took this with him Philadelphia On the way there he fell Into conversation with a friend and this nun asked him something some-thing about Mrs Grant Mr Childs thereupon told the above story which his friend ifII me As Mr Chlldi showed my friend the check he was asked what ho expected to do with the money He replied I shall Invest It In mortgage secured by Washington real estate which elli ell-i = = = = net Mrs Grant six percent I believe Washington properly It the soundest In United rl r rllo the United States today It steadily I grow In value and ItwIII not be affected to any extent by panics or strikes HOW STATESMEN UAKK MONKV It t Is wonderful how many statesmen t are making money out ol Washing and how capital lions In > steady stream from nil over the country Into the Ills I Irlct ol Columbia Postmaster General Wanamaker old the Whitney house the nther day to a rich New Yorker fort 190000 Urge for-t amount and this of Washington man property A number of actors and actresses unmaking un-making Investments here and Lotus Is said lo own a number of houses west of the While House Richmond parties have bought a great deal ol our lubur ban real estate end President Cleveland made about Sao per cent on his Oak View purchase lie lives now within sight ol It but the land surrounding him has doubled and quadrupled again and again since he purchsird It and It I li I now sold by the square foot Instead the acre Cleveland made just about f i co otu clear off of It and Secretary v rtuJra Whitney rained about f75000 from the I sale ul Grassland I drove csterday through this region The farm are tww nisnled with I real estate signs Instead In-stead of wheat and oats omit ground which could have been bought eight years ago far joo on acre Is now worth Irom ftcoum to Bate an acre Ihas Maaniilcetrt 1 houses hove hem n built I on some of ll and just across the road from wlitre President Clevelands country home now lets line mansion ol Gardiner Ilubbard Telephone Help 1 father In law w hits on the other aida of ll nearer the city 1 U the beautiful llIIl home r of another an-other millionaire Mr lirl James Illverson Ilhe editor of the Philadelphia Inauirtr FAIr 0111 NEAt OCTATE IUCCLATOU Senator lohn Sherman said the other diyto n Cleveland Ohio man that he owned In connection with his brother In law 1000000 feet of land on Colum bia Heights This land to I now worth dollar a fool and upward and as a great part of I it Is made up of some ol tine rl choicest land on the Heights I It cannot be worth Ins than 1 5150 000 Senator Sherman was one of the syndicate who I bought the Stone estate which was put on the market lots not more than ten can ago They got It for n few thousand thou-sand dollars nod the I II land Is now worth millions Senator Sherman Is n born mutiny maker Had he not been In public life I lie would have been million Hire and would have made n name as a great business ntan when he began I greathe = r rJ QI lie he decided d e to save fjooa ear and I venture that his Increase of his fortune now amounts to something tike a thou f nL times that amount annually lie Is a builder M well as a dealer In land and I i In has a Urge numb r ol house at the capital I I which eb nmb him In a steady ncome lie bought the old house Just beluw him whit Edwin M Wanton once lived In a year or m ago fur f33 coo and turned It over III the courso or a few month at A big prolit the house which j he is building will be worth when to Is completed At least ftooooo f and you could not buy the one next door In I which he Is I now living for f fwuoo cash He has tine hod great ulth In the growth of tfc national capital and has owned more or less real estate ever since he came here to Congress way back In the fifties CALIFORNIA INVESTOR Some ol the bly I < < est houses In Wash neton are owned hy western men and i California millionaires have alwavs had faith In real estate In Items city Nut long ago the late Senator Stanford wan taking a ride OCIOM the Potomac dI he topped Ills horses at the end ol the Aqueduct bridge near Arlington At this point yon get n good view of the river on Virginia side Senator Stan t lord stood up In his carriage and looked up and down It and then said I I to his secretary who was with him I want you to look Into the values of hind about here and buy me all you can we In every direction Irom this point If I get dl It we will then build a magnificent bridge across the Potonuc 1 twit r run n cable or electric railroad across It and nuke a new city on these hills Hit secretary nt once looked Into the purchase pur-chase but he luund that Ihe land had such questionable titles that It would take reverul IIr rs lo straighten them out lltfori proceeding I hrthi r he w cm to tin senator and Stanford told him lo give the matter up Slid he Im 1 too old nian lo begin to fight real estate suits and I do not need the money 11h III that this Investment might bring one eI guess you had better let It g0 runt suit went lad I he bought it It would now form A trig part ol hit estate Toe largest teal estate syndicate In Washington today is I known as the California syndicate It Is made up of Ihe Sharon stale Senator Steward and olhcri and it Im already put mill Ions Into rl SA purchases and their development devel-opment It owns hundreds upon hundreds of acres of land which will probably be divided up I Into lots this spring and ll has one 1 of the finest electric railroads of the country nll has for years been buying and Inline and not tu selling dlll when Its properly Is I thtowti on the market there 1 lIfr be a 31 mh I II I Iiie same men who nro connected with il were among the first to buy the t fr property I about Dupont Circle which twentyodd I years ago was sold for n few cents afoot but IIt which you cannot saw get unless Sou carpet It with green backs Senator Stewart still owns the big palace there which I Is occupied by al JIII db the Uilnesa legaioii and the ground Is now covered In every direction with buildings which have cost fortunes Within a stones throw of lllalnes Is i the house of Senator Hearsts widow which with Its I tl Interior furnishings In 1 said to have cost more than a quarter of a million dollars lo Senator Suvjers brown stone mansion cost more than 5100000 and l the new house which Ievl r t rllh building stands upon ground for which ll he paid jnfr 100000 Mrs Sunset Cox owns a house In this vicinity I which Is worth about fjoooo and one of tote u ion stone nnnsioni which looks out upon Dupont Circle was bought by Sun set Cox Just before he went 10 Turk rand r-and he told me a short time after tins that he had sold it for foan and had made just 520000 off ol It IIONIIY IN DRIU AND MOl AR There are I venture fifty men In Congress who have made and art nuk ing more money out of brii ks nil 1 mortar mor-tar than from law making I toes 0 ISlaine added materially IM Ills fortune by his real estate Investments and Mrs lllalne Is one of al the tluc 1 nxpa era of Washington Dlalnes house on Iuiiont I I Circle cost him about h A t tout It has netted more than 19 per cut during the pact i ten vcars from the ruilwl h leUer hal paid for It If the reports are correct its rent his brought I In during this I time to the Dlilne I family sonic plice between n hundred and a hundred and twenty five thousand dollars I roTI house In m m which IJIaine died 1 was bought In him I understand for fio a squire loot The ground upon which It Is located I must be worth over 5100000 today lust nest to IHainen l i house f l tine ehoa i ofd hshioned brick of Don Camerons for whuli h < paid 567000 six or seven jean ago and which > ou could not but I now for 5100000 It has a wide Ironiaiir and like that ol Ulalnes would be I net the place fur n great Mil or that I Don Cameron own a great deal of properly about Washington He has a large amount of tutiurbui IAI estate and l II seems that nil he has hi do < n to nick the spade of his peculativ brain Into tin ground and the ranli utraiitlUwnv turns rti Into gold Shrewd as was i his lather Simon Don U I ad to HUMMM him and he has made gold slow hero In mouser nil l lands lie buill R trig red brick mansion ten liuiiont Circle which cost him I 1 am Iid somithlnc hk 540000 nnd ho sold It In r003 for 56v ocash TliU honv wa > bought hyU P I Morgan Nets ork baiiker and Is now owned byhli widow Just across from It Is the old Windom IIOIIMJ In which lllalne wrote Ihe first part of his book and which practically ruined Its owner politically photographs ol It CI aSII being none and distributed omit the 1 question ns to how a min ould build n huute of that kind out of f 5000 a > ear Cameron has n place aSng the Jth street road for which hi paid tomethlne like 5150 per acre but whirls IOnlelhlrF you cannot buy for a thousand I HOW non CAMBKON LDsr A HOKTUNK I On the other side ol this homo U I Ihe I I home of the exVice President Ievl I Morion which cost him a fortune and on which he spent another fortune in Improvements Mr Murtl1l1 bun hllhlR house In 1 connection from Telephone with I Telephone Dull and Dell 1 It that was Don Cameron made erne ol the low mistakes of his life He must have thought of llIb often I when Hell lived In IIO 11 this big red brick house with him for which he toll f 100000 The mistake that Cameron made was In not going Into In-to the Hell Telephone Company Shortly after Dill had nude the Invention Inven-tion and when the people as > et had no hull In It he called upon Don Cameron and offered him a controlling Interest in his company for 56000 Cameron hesitated for a time and finally refused and Bell left his house a OUapjiolnled man He got the money from oilier n banters and made his fortune without tne aid of Camerons money Had Cameron given him that I 5 roar It would have brought him r1 lit the neighborhood of a million dollars a > car so I am told l for n number of years In Hiking of It I some time ago he said 10 one of lilt I friends I would have advanced the i money If I I hadnt been hard tip at the time I believed that the Investment t would prove remunerative but I did not like to risk Ibr I RICH Yang WIIO RENT Some nf the richest statesmen hi re at Washington pay rent for their homes and It Is I wonderful how much money hey put on Improvements on rented property Secretary Whitney I spent mate than f mono r the I Ie Krellng hun mansion when he went Into it and lohn Wanamaker tore down a number of Whitneys 1i Improvements and male others Col Ilrlce has dur far the past years spent half of the Ir at tlrhn saiarvofhis six j ears senatorial term on the improvements ol the Millionaire Corcoran mansion and It Is not uncommon un-common for a rich man lo spend more In making Improvements on his house hero than the rent he pays for It Chief Justice 1uller IKis In n rented house on he coiner of iStll street and Mass ichusetm avenue ll Is Senator Van tyeks mansion which Ihe Nebratki nun built when he was here iiiCongteM at A must of something like f rOll > OO and which understand I he would Iw clad to Sell for less I than tint amount loch Senator Palmer ul Michigan still owns his big bro n stone hunt on McPhersoit Square which CUll him In the neighbor hood of f is ooo 11 IVa for some years on the market and I suppose now that Secretary Klkins Is going to leave I It I will Hut it will be for sale again this summer Senator McMi Inn ot 1 Detroit paid some I Ihlng like 8ooue > for Ihe house which lie live In on Wrmunt Avenue and Just above him I It Senator Allisons I home which Is f lr hS tbout rI 10000 O oem ol I the fluent houses at the apitat Is tint of Senator lUlo which was unlit olth the nonefrom the esluleol 1 ach Chandler mil winch cost considerable l mare than iijoooii IkJtll Senator Teller ands and-s n tor Wolcott rent their houses and so does Senator Manderson who has a fine residence next lu the house of lien Sheridan Senitor Voorhees owns a house here which cost him something like ft l loon and Senator Wahburn lives In the prison like imnslon nl Svnatur dmunds 1 nt I the I corner rJ I street and Massachusetts avenue Ft Senator llayvd on nsn house here which Is I worth perhaps Joouo and lorI which lor-I Senator Cullom piys a good I Iil round rent Cush Davis of Minnesota bus n house on MaHiarhusetls avenue i just across the street Irom Ciilloms and alitllenbove lids Is the big house In which Secretary Wimlom was living At the time of his death It cost t something some-thing like 75000 to build and It has bad a Fur axle sign In trots of il for the past year fie I lite George Pendletons home Is I also for sale Il Is em mini slreet above I Scott Circle and Is vv oitli jouio Km to III Is a mansion which nis Just been bought by the Kplscopal preacher at SI jcil r ln Johns r Church toe Cf sooo and n little further up I Is I Bourke Cockrans Washington Wash-ington home which was built by Secor Kobeson and lor which ho xiid somewhera between iTjouo and llooooo And so I might go on for another column with the names of noted men who UM property here The list Is not Cflufmed lo statesmen but It contains lltteralcurti mured capitalists and rich women There arc a number of newspaper news-paper men who own good homos at the capital and Washington has within m the past eight yearn grown a crop of mushroom mush-room millionaires of Its own Of these other classes I may treat in n future letter 1 RANK G i CAHIKNTKK Daniel achdsuit of Grllbbenl 1IIr Stockholm committed suicide by 1ng Ing himself |
