Newspaper Page Text
6
THE RICHEST PRESIDENT
Why Mr. Cleveland Will be a Very Wealthy Man When lie
Retires Next March.
MR. Cl E' VELANI/s WEALTH.
Clevelan d’ a income for twlve years
ending Ma rah 4, 1897:
Eight years as President., at
§50,000 8400,000
Four years’ law partnership
in New Y< >rk at f 20,000... 80,000
Boteree fees earned during
four years c>ut of office... 20,000
Total 8500,000
Expenses in White House
for 8 years, at 820,000.... 8100,000
Expenses in N ew Yorlcfori
years, §lo,llo' J per year... 40,000
Total 8200,000
Saved during twlve years 8300,000
Present value of Gray Gables 250,000
Horses and c n rriages 15,000
Yachts and boats 3,000
Furniture 5,000
Present value of Woodley 150,000
Furniture 6,000
Beal estate and personal
property. 428,000
Stocks and bonds 600,000
The Cleveland fortune... §1,028,000
President Cleveland when he re
tires from office oil the 4th of next
March will be the richest President
that ever left the Executive Mansion.
He will carry an ample fortune with
him Into priv ate life, all of which has
been accumulated during the past
twelve years, |
Mr. Cleveland has made the office
of President “pay" in away that
would open Lhn eyes of most of hi s
predecessors. Although many Pres
idents have lived much more simply
and inexpensively than Mr. Cleve
land, they had practically little or
nothing when they retired to private
life. The reason for this is that up
to the second term of General Grant
the salary of the President was only
$25,000 a year, and the President
was obliged to pay many expenses of
the White House that are now
charged to the cost of its maintenance
by the government.
When congress raised the Presr
dent’s salary to $50,000, it for the
first time became possible for a Pres
dent to save a respectable sum during
his term of office, if not, indeed, to
take away with him a snug Jittle for
tune for bis ole' age. General Grant
spept all of his salary during his first
term of office. He had a large and
expensive fc.mily and entertained
freely, and when the end of the year
came around there was nothing left
of the $25,000 a year paid him by the
government. During his second term,
however, he enjoyed a salary of $50,-
000.
The President’s pay has been raised
as part of the salary grab, and this
brought into Washington life an era
of extravagance that affected ths
Grants like most Washington families,
and the expenses of the White house
wore raised to the limit. General
Grant did not carry SIOO,OOO with
him into private life, and he endeav
ored to enrich himself by going into
the business that ruined him.
President Hayes is supposed to
have saved more from his salary than
any President previous to Mr. Cleve
laud. He lived with great economy
and entertained sparingly, furnished
no wine to his guests, and yet is not
believed to have saved much over
$125,000 during his four years of
office.
Arthur squandered his salary as
fast as he got it, and with lavish en"
tertainments, expensive wines, choice
flowers, rare dishes and other ele
ments cf high living, set a pace in ex
travaganee that astonished the old
residents of Washington. Arthur
bad saved little or nothing from hip
salary when his term of office ended.
General Harrison was much more
economical. Ho lived with much of
the simplicity of a successful Indiana
lawyer, but was more liberal in his
views of entertaining than General
Hayes. The necessities of hie position
as President, with a considerable
number of relatives always about
him, obliged him to spend at least,
half of his salary. When General
Harrison retired he is believed to have
saved about SIOO,OOO, and this he
added to property which he possessed
before entering the White House,
making a snug little fortune.
But all of these accumulations of
recent Presidents fade into insignifi
cance beside the fortune which Mr.
Cleveland will take with him into
private life next March. He is gen
erally regarded as a millionaire by
those having a close knowledge of
his affairs.
This money has been accumulated
by economical living end by judicious
investments.
When, twelve years ago next March,
Mr. Cleveland took his seat as Presi-
PEOPLE’S PARTY PAPER, ATLANTA, GA., JANUARY 22, 1897.
dent he did not have $20,000. His
salary as President for eight years
amounts to 8400,000. During the four
years he was out of office practising
law in this city he earned another
SIOO,OOO, of which SBO,OOO was de.
rived from his interest in the firm of
Bangs, Tracy, Stetson & Macveigh,
and the other $20,000 from referree
ships and other outside fees.
That makes a total of half a million
dollars which he received during
twelve years, or an average of nearly
$42,000 per year. Mr. Cleveland has
lived economically. Everybody who
has watched the scale of his expenses
at Washington knows he dees not
spend $20,000 a year. During four
years in this city he has lived at the
rate of about 810,000 per year. That
would make a total of $160,000 spent
for eight years’ living expenses in
ths White Houss and of $40,000 for
living expenses during four years in
New York.’
This would leave a clear saving of
8300,000 (Juring’these twelve years.
By natural accumulation and j adici.
ous investment this sum under the
careful management cf Mr. Cleveland
now amounts to over half a million
dollars, making him the richest Presi
dent who ever left the White House
not even excepting Washington, who
was land poor to the day of his
death.
Mr. Cleveland’s real estate hold
ings at the present time are estimated
to be worth mors than $400,000. Os
this $250,000 is represented at Gray
Gables. There are over 100 acres of
valuable land in the property, and
on the house and grounds the Tudor
family, of Boston, epent over $250,-
000 before it was sold to Mr. Cleve
land. lie bought the place cheap,
and has done much to improve it by
the building of a sea wall, the clear
ing of ponds and the opening of
roads.
Gray Gables is now in fine condi
tion, and all the land in the vicinity,
has risen in value since the Clevelands
wont there to live. The furniture in
the house is estimated to be worth
$5,000, and the yachts and boats
$3,000, while the horses, carriages
asd live stock are put down at $15,-
000.
Woodley, the winter home of the
Cleyelands, is easily worth $150,000.
It is a part of the district where the
value of property has been rising
rapidly.
Red Top, which is not fir away,
was purchased by Mr. Clev.fi.and
some years ago and sold at a large
profit, and Woodley has been even a
better investment, for Mr. Cleveland
got it at a bargain and could sell a
small part of land now for more than
the whole place stands him in. The
furniture at Woodley is worth at least
$5,000, and cost a good deal more
than that. Tae horses and carriages
are transferred from Gray Gable to'
Washington when the Clevelands
return to the Waite House for the
winter.
Gray Gables and Woodley with all
they contain represent $428,000 of
actual value, possessed by the man
who went into office twelve years ago
with almost nothing. It has been
shown how much of this has been
accumulated.
Outside of the savings from salary
and profits from real estate deals,
however, it is generally believed the
President has made large sums of
money by (following the advice of
friends upon whose judgment he
could rely in stock transactions.
Thus the rise in Chicago Gas, which
made the fortune of his intimate
friend, E. G. Benedict, is believed to
have netted the President many hun
dreds of thousands of dollars, and
soma say millions. He has much
respect for the opinion of Mr. Bene
dict, and the latter advised all his
friends to get in on the ground floor
when Chicago Gas was cheap.
Nobody knows the extent of Mr.
Cleveland’s holdings in this kind of
property, bet Wall street is of the
opinion that they are large, ranging
at present from half a million to sl,-
500,000. A conservative estimate
puts his holdings of stocks and bonds
at $600,000-. This, with his real
estate, furniture, horses, carriages,
etc.., makes Mr. Cleveland a million
aire.
Even after lie loses his salary of
$50,000 per year he will, it is believed
be in receipt of as much, if not more,
from his earnings and the income of
his investments. The $428,000-re
presented by Gray Gables and Wood
ley is a dead loss so far as producing
any revenue is concerned, but both
these properties are advancing in
value.
THOSE NAUGHTY JUDGES.
Many State Papers Have A Word
on the Subject.
The investigation of Judges Sweat
and Reese has become known as
“the Carter charges” and the state
press, both democratic and reform
has noticed the proceedings—some
favorable and some otherwise.
Here are a few specimens:
AN IMPOSSIBLE JOB.
If Yaucy Carter purifies the judi
ciary and Tom Watson politics, the
Populist party will be a success.—
Baxley Banner.
A DAMP POST BACK.
In his race for vindication it would
not bo surprising if Judge Sweat was
left at the lamp post.—Augusta
Herald.
A WOULD-BE nUMOBIST.
The Georgia senate should take a
lesson from the Sweat-Reese inves
tigation and in future sit down on
fresh Populists.
A CONSOLING THOUGHT.
The judicial investigation now on
will cost the state considerable, but
if it will result ingetting better
judges, the money will be well spent.
UNANIMOUS TESTIMONY.
Almost at the very opening of the
investigation of the charges against
Judge Sweat one of them was sus
tained by the unanimous testimony
of the witnesses.—Augusta Tribune.
SOBER THE NEXT DAY.
Judge Sweat admits that he wa*
drunk at the banker’s banquet, which
lasted far into the night, but claims
he was sober when he sat on the
bench early the following morning
—Augusta Tribune.
THE SHOE PINCHES.
One plea made for a good lynch
ing party js that it saves a great deal
of expense to the Stats. How would
it do for a delegation to wait on
Senator Carter ?-Griffin Daily News
THEY WILL RETIRE.
The people of the State are watch
ing the trial of Judges Sweat and
Reese in Atlanta with interest, and
if anything goes wrong the members
of a certain committee will hear of it
when they reach home.—Oconee
Enterprise.
JUDICIAL JAGS.
It is pretty evident that the com
duct of Judge Sweat at Indian
Springs was that of a man on a jag,
and that he would not have acted as
he did had he been in his sober
senses. All the same, the public
has a prejudice against seeing a
judge jagged.—Griffin News.
WATCHING THE CHAIRMAN.
Genial Tom Felder appears to be
acting as lawyer and banker for the
investigating committee in Atlanta-
Tom pays the freight in as lordly a
way as old General Toombs did in
the constitutional convention of
1877.—Savannah Press.
A PREVIOUS ENGAGEMENT.
Judge Sweat undoubtedly enjoy
ed himself at the St. Simon’s ban
quet, but must be chock full of re
grets that he was not able to bo
present at the Seeley dinner, his
attention being otherwise engaged
by the cruel Carter.—Griffin News.
A NEW EXCUSE.
If Senator Carter proves nothing
more than that Judge Sweat was in
toxicated at a St. Simon banquet, he
is guilty of recklessly wasting the
State’s money. But perhaps Sena
tor Carter has never attended a St,
Simon banquet, and, consequently
doesn’t realize the extent of the
temptation. So much the worse for
Yancey.—Brunswick Times.
ALREADY OVERLOADED.
Senator Yancey Carter supple
mented his list of Judges, whom he
claims as being bad men, with the
name of Judge Gober of the Blue
Ridge Circuit. But the Senate de
clined to accept the amendment.
They had about as much as they
thought their investigation will bear.
—Dallas Herald.
YANCEY SAW THE BLUFF.
Those Senators who thought
they’d work the bluff game on Hon.
Yancey Carter, now realize their
mistake. Judge Gober has been in
cluded in the number referred to by
Senator Carter as a disgrace to the
state, and investigation will be made
as to his acts and doings while wear
ing the judicial robe.—Giasaock
Banner.
NO DOUBLE STANDABD.
Senator Carter’s charges against
Judges Sweat and Reese will per
haps purify the atmosphere if nothr
itig more. Say what you may about
Carter, but if his charges are well
founded, they ought to be invest : -
gated in good faith and sustained.
The Argus is opposed to one stand
ard of morality for judges and an
other standard for the people. Let
justice be done though the judges
fall.—Jackson Argus. ,
THERE ARE OTHERS “SWEATING.”
Investigation of the charges pre.
ferred against Judges Sweat and
Reese bsgan in Atlanta on Tues
day, and the lastest reports show
that Senator Carter is making the
former gentlemen “Sweat,” while
ths latter judge is waiting for his
time to come. The balance of the
week will be taken up in examining
the witnesses.—Blakely Peoples
Voice.
TRY SOBER JUDGES.
It is estimated to cost the state
$50,000 to investigate the charges
against the two supreme court judges
bought by Senator Carter. The
charges are mostly for drunkenness.
If they are guilty they should be
shelved and their places filled by
upright men; if not guilty Carter
should be retired. But that don’t',
replace the $50,000. Our legisla j
ture should be more careful when:
electing judges and see that none
but sober, upright men are placed on
duty.—Eilijay Courier.
TURN ON THE' LIGHT.
The charges by Populist Senator
Yancey Carter against several mem
bers of the state judiciary, are now
being investigated by the committee
appointed by the legislature. They
began their work Tuesday and will
probably got through to-day. It is
an important trial and one that has
excited a great deal of interest
through out the state. It is to bo
hoped that the committee will do
their full duty in the matter and if
darkness exists turn on the light.
Men who sit on thrones of justice
should be like Caesar’s wife above
suspicion.—Moultrie'Abserver,
AN HONEST PROTEST.
The investigating committee that
was appointed by the Georgia Senate
to investigate the charges made by
Senator Carter against the judge B
of the state has been in session this
week in Atlanta. There has already
been enough evidence introduced to
send Judge Sweat to the chaingang.
The others when brought up will
doubtless be as damaging. The
people of Georgia should thank Mr.
Carter for reporting these judges,
and the senate committee to do their
duty by recommending these corrupt
judges off the bench in Georgia,
Carter being a Populist no doubt
they will be exhunorated.—Jonesboro
News.
PREPARING THE WHITEWASH.
We have had no faith whatever
in Senator Carter’s charges, but we
are in favor of allowing the fullest
latitude for investigation, let the con
sequences he what they may. If
Judge Reese and Judge Sweat are
really guilty of official misconduct
they sho'uld be impeached, and a
Democratic legislature will not hesi
tile to institute preceedings to this
end. On the other hand, if it be
demons! rated that the charges were
not made in good faith, but simply
for political effect, then it is clearly
the duty of the Senate to expel from
membership in that body the pestif
erous creature who can resort to
such a pusillanimous method of per
secution as Senator Yancey Carter
has done.—Newnan Herald.
The Oat Crop.
BY HENRY STEWART,
This crop is coming to be more
highly considered than it has been
heretofore. Indeed it has been badly
used and neglected. Its real value
has scarcely been thought of. Few
farmers ever think that a fair aver
age crop of each gives more feeding
value in oats thau in wheat. Oats
contain six per cent of fat, which is as
much as corn does, and four times as
much as wheat has. Oats have twelve
per cent of protein—which is the flesh
making element of food—against
thirteen only of wheat It is easier
to produce two bushels of oats than
one of wheat under the same good
culture, while it is now a sure and
certain fact that if the land is rightly
prepared for it, the grass and clover
will be a sure catch when they are
sown in the spring with the oats.
There is one objection urged
against this-which may be true under
gome circumstances—that ia, when
the right implement is not used for
covering the seed, or when the seed
is simply cast on the bare ground and
never covered in the soil. For in this
case a dry time succeeding the sow
ing surely destroys the weak sprouts
FRICK COMPANY :
Eclipse-Engines,
Boilers, Saw Mills, W *
Cane Mills, Cotton Gins
111 SAW TEETH, ENGINE REPAIRS:
wain separators, m injectors, inspirators.
Cotton Presses HI —cotton seed elevators.—
kJ V l IUII A 1 VOdVJ. CHISELID AND SOLID TOOTH SAWS,
Avery & McMillan,
Nos. 51 & 53 So, Forsyth Street, ATLANTA, GA
Fencing
SSmIIH Wrought Iron
150 Designs*
I I Steel Pickets
n | .JI Several Patterns
WIRE ForAll purposes.
vYX — (o)
AAA fencing
For Lawns, Parks,
y X Farms,Cemeteries
f\/\/ and grave lots.
The cheapest and
best. Get our
prices. Catalogue
a BOLL of DIAMOND. and circulars free.
GATE CITY FENCE WORKS,
Nos. 92, 94 and 9G Edgewood Avenue, Atlanta, Ga.
W. M. SPRATLIN,
IIJOBBER OF||
*lron, Steel And Heavy Hardware,*
Wagon & Carriage Hardware.
Wood Stock, Carriage Trimmings, Etc.,
18 West Mitchell Street.
JL’T’LJLJST'T’A., - GEORGIA.
Also a full line of Carriage and Wagon Paints, ineluding Rogers’ celebrated
Ready Mixed colors, Valentine’s Coach Colors and Varnishes, Lawson’s Coach
Varnishes, Heath & Milligan’s Colors, Linseed Oil, both raw and boiled, Ma
chinery Oils, Turpentine, Eagle White Lead, 25 and 12)< lb kegs, Plantation
and Implement paints, ete»
By use of our Ready Mixed Paints, a farmer is enabled to paint his wagon
or buggy for 75 cents. Quite a saving. DON’T FORGET MY NUMBER —18
WEST MITCHELL STREET.
THE OLD WATSON STAND.
KING’S IMROVED COTTON AND CORN A
It pays to plant only the best Cotton and Corn. You ||SB
•_ * secure from 25 to 50 per cent, more to the acre without
ra any extra expense by doing so. Small package F’otton
BLjA 'i'r $ eecl produced past year 790 lbs. Os Corn, 15 bushels were E&W
y. ' produced from one package. Package of both sent pre- StH?
paid for 25c; and will also send with the packages par-
ticulars of HOW TO GET ONE BUSHEL SEED FREE.
' v 33 t 3 etod “ y KING SEED CO., Richmond, Va.
of the grass and clover, and a few
hours of hot sun or dry wind com
pletely ruin the young growth. The
seed must be covered. This is as
true as that two and two make four.
So that the choice of the implement
to do the work is most important.
Price'is a secondary thing to consider
in regard to safety. A few dollars is
easily saved in the safety of the crop,
and two or three years—one in fact
—may very easily pay ia this way
not only a few dollars spent in choos.
ing the very best implement which
may cost so much more than another
one, but the whole cost of it. This
has been shown by a successful
farmer—successful ’'ecause he uses
only the very be. implements—for
on ten acres of corn, half fitted with
the “ACME” Pulverizing Harrow,
Clod Crusher and Leveler, and the
other with the common kind, the
surplus on the first half made con
siderable more profit than would have
bought two new harrows. Indeed it
may be said with the greatest truth
that in fitting the land, and covering
the seed for oats, and for grass seed
ing, the “ACME” Pulverizing Harrow
is indispensable for success, because
it does the work in just the most ef
fective and successful manner. It
breaks and mellows the soil, covers
the seed the right depth, which may
be easily made to suit the idea of
every farmer by a mere motion of a
handle, and for grass seeding it does
the same, besides leaving the land
level and smooth for the mover to
come after, the next year, and this is
the saving of time and money not
yet counted.
When you hear a rioh plutocrat
talking about honest money and the
nation’s ci-edit, investigate his taxes
and in nine oases out of tea you will
find him a tax dodger.
Whenever the demand for proper
ty and money is equal the volume is
sufficient. This may be more or less
depending on the amount of business
and the facilities for quick transfers.
The People’s party should be per
petuated if it never elects a man to
office. It has forced both the old
parties to the discussion of economic
questions.
Eclipse Corn Planter
Will plant| J®
corn, beans fi «
peas .<■ beet |
seed inhills, t- /A■ AfV
drill# and
ch ccks, in \ |,/ j j 7* ff
dist a nces
desired, it - .
is the only planter that will distribute all fer
tilizers, wet er dry, hi n manu re, plaster, ashes,
etc , with a certainty, in different
each side of seed. Send for circulars,
-ECLIPSE CORN PLANTER CO.
Enfield, Grafton Co, Hew Hampshire,
Cheap Machinery
New and second hand’,
steam, oil, and gasoline en
gines, gins, saw, corn, feed © •
and cane mills, threshers, I
shingle machines, planers, I
re-saw and bandsaw ma- |
chines, circular saws, shaft- I
ing, pulleys, pumps, etc. JI
Saw mill outfits, (engine, jT
“mill and saw) ?350 to -B>oo. j |
Shingle and lath machines, f n
gin filers, etc.,, also manu- I M
facturers of all kinds of gin # ft
feeders and condensers and S
the Economy-Terracing and j al
Ditching Level. It has ad- j .
justable iron tripod and 3 .H
frame, brass sighting tube i 11
and hair; spirit bulb and *
glass, eccentrie adjusting disks and
target plate, accurate and durable; a 85
instrument for 82.50, also the Economy
Combination Cotton Planter and Guano
Distributor, plants seed and strews
guano evenly. AB6 implement for 83,
attaches to common plow stock; also
our new Combined Shingle and Lath
machine 825 and 835.
We keep repair materials and repair
engines, gins and mills at the shop or
send out men to repair. Write us. H.
N. CRAMER & CO., Props. Machinery
Exchange, 555 Marietta Street, Atlanta
Ga. Agents wanted. 333
FORTUNE KNOCKS ONCE.
We want a good agent to sell our
medicines in every county. It will cost
you nothing to write for terms and par
ticulars. Address, Atlanta Chemical
Co., successors to King’s Royal Germe
teur Co., Atlanta, Ga.‘ 332
Mention this paper.
Send in a List.
Friend, The People’s Party
Paper is fighting your battle. Will
you not go out among your friends
and work us up a good list of sub
scribers? Every reader you secure
for this paper means another worker
for the people’s cause Every worker
gained now helps to shorten the time
until the people are in power. A
paper every week for 52 weeks and
all for one dollar.
One of the demands of the people’s
party on the paramount issue in some
localities in the south is a free ballot
and a fair count.