The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1868-05-22

and to get more asd he hrs sue
ceeded, 80 that no now holds "losl
innumerable, from Thirtieth street t.
One Hundred and Thirty first street,
and vast properties in Broadway
Park Rev, Barclay street. etc.
The 6oelets rank as one, not he
cause II takes two Goclets to make
one man, but because II il said .heiI
property in good degree is one
Tho 6oslet nilllousires, too. had "a
ancestor, who following the honora.
bio craft Of ironmoaEsry, learned ia
II how TO turn iron to gold. and that
into city lots. The story goes, that
upon a time, thcy found themselves
crsmpsd for pasture for their COW
and se sccen N edste her they bousht
a pasture lot Of some forty or fifty
acres for triAc. They held on,
even after the COW died and tha.
pasture 10, now is covered with brick
and stone along Fifth, Lexington,
and foarih avenues, and the Goslc.s
still own it. The only wssteful ex-
ftayagance ever charged upon
Young Peter" has been a lavish
expenditure for peacocks and pleas.
ants, which are alleged never to have
produced anything at all The rest
of his property has been amazingly
productive.
Thitty-hve years ago Robert
Lenox was ont Of the four rich men
in New York following Mr., Aaor.
The other three were John q. Goster
Stephen Whitner and Nathaniel
Prime. The Lenox estate has grown
and become vast--thc others are
scattered or divided. This Lcnox
fortune beg,as as far back as the
American revolution when, In con-
nection with the commissary de.
partmens, the shrewd, prudent, indie
iatirablc Sco,chman began to accumu.
late wealth He went steadily for
ward with this great purpose Of his
life until he died, in 1889, leaving
millions 10 his heirs
Tho present millionaire, james
Lenox, has never made money, and
has never attempted to do so In.
deed, no Is tho one, and the only
one, Of OF. .ich men who, il ia claim
cd, makes il q matter of console nee
not to add house to house and lay
field 10 field, II is asserted that
every year he dispcnscs his vas, in
come 10 his own ways, but that be
scrupulously avoids reinvessing il.
And yet, In spite of himself, he
grows richer and richer, thus ;
Years ago his father was obliged to
take piece of property, far beyond
civilization, to satisfy mortgage Of
some eleven or thirteen thousand
dollars. lie held on, and james
Lcnox has held on. Now II is on
the east sidc Of the Central Park,
above Seventeen street---six' blocks
Of the most desirable property in the
city, and Of which Mr., I.snox has
sold to the amount Of three. quarters
Of a million, and has enough len to
make over the million.
We como nov to smother class Of
men of wsalth--thsse who inherited
aud who have made money.
The Lorillards have in their veins
both French and &c man blood and
IL In. h~en sstd that there never
was . poor Lorillard." Appearances
sscn to indicate that there never
will be o. =. Wealth, like poverty,
IL not uscase, scems to be conta-
gious. This immense estate IL nov
70 ycars old for - isr away ~ 1910
r. 4 e. LorilIsrd were very rich,
and never gave = note, and when
Gee rye dica lis estate wss estimated
al over 100000, Tobacco die
tho wort. They have lived with to-
bacco, and have learned to know II
in all i.s phases, In all its forms.
They know the richest Abajo and
the paicst WethsrAeId; they know
how and when and where the fra
grant leaf Of the tropic may boat
we'd the fainter weed Of New Eng
land, and the lusty growth Of ksa-
lucky Factories have grown up
where this strange plant could be
ground and dried aud shaped and
bottled and prepared, so ~ to make
il delectsble to man, profitable TO
him Who thus ministers to his needs,
Let ~ here make m approximate
calculation A 10 what this business
amounts to In each year There are
some eight millions OF men between
the ages Of fifteen and ninety in the
United States. Let US suppose TINT
three quarters, or six millions, use
tobacco, to tho extent Of but twenty
dollars per year each. Tho result is
500, 0OO, 900. or this forty per
cent, say, IL pro6t. II follows, then
that SAC. 900, 900 Of prost 10 TO be
the portion Of somebody. Nov, the
Loriliards have taken COED care to
get their share Of this fnt, by pro.
ducing . good article second, by
sellise ~ low as the rest; ssd third,
BY advertising il thoroughly.
Juss how many new miliioss have
been thus added to the great estate
We have no mcaus Of knowing, and
Mr.. Lorillard's recent departure for
bids 70 inquire.
Mr.. Wolfe not only inherited .
good fortune, but his business
doubled il, aud his marriage to =
LorilIard triplsd II,
Mr., Hendricks also inherited
yeal,h, and by assiduity and care he
has vastly added to H. Copper did
tho work for him,
Mr. Roosevelt inherited 800, 600
nssy year, ago, when tho posssssor
Of $3.50, 060 was 4 very rich nsa,
He attended to his business aud ate
tAs bread Of easefslnsss nevertheless.
He grew richer sad richer. and
having money to invest he seized
upon good property in the city Of
New York. He always saw amer
the interest account, asyss lst u rsu
against him, aad his purchases we're
always made with this In view.
HOY much Il luck, how much pie
science in this world, Who can ny :
His purchase, some forty years ago,
Of tho Broadway front, bstwess
Thisteenth aud Fousteesth stsssts,
for some $4,000 fssulh sew 10 .
million. as NJ s
We eo~s, II lAst, " The tws nsa
On The liza Who inhasiled nothiag,
ut who have become millioaaisss
,As. IA ~ Il ovs right Assds. o.
= 49,. 1. Vs.LnA mmpa al ssANya