The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-04

on the west sidc OF the town his son continued
the business with great success. and finally en-
barked in tho sugar refinery business. His
profits were Invested in real estatc-always the
Same old story-which has greatly Increased
in value. and made him one OF the rich mon OF
New York. Iio ls now out OF busincas. and de-
votes himself chiefly TO sugar planting. Mr..
Johnson. a widower and grandfather. is still
apparently in the prime of life. active 1.-the and
merry He can safely be put down az an eli
eihle match for any young widow or lass DESTROYS
Of stepping into married life. IA embellished
with two town houses, n country scat, and five
limitations Mr. Johnson's fortune Is estimated
nj 100000. For the benefit of all marriagcablc
young lnlics. we state that besides his millions.
Mr. johnson has eight children Of various ages.
all In good health.
Mr.. Richard Mortimer worth s7.oooOoo, and
now about 80 years old is the oldest OF the mill
lionaircs on our list He made his money by
the rse in real estate particularly by fortunate
Investments in Wall street and Broadway prop
crty. If any ono would take the list Of our old
merchant milionairos and compare II with the
list of Broadway property owners. he would gee
great coinridcn3 ~ and learn great secret
Many one Of them has made his fortune by
buying the store on Broadway. in which he was
doing business. and then retiring from BUSH
ness. An old merchant who could remember in
1915 and 1870 when Broadway lots above the
Metropolitan Hotel were selling at $500 to $500
each was asked what would be tho re-
suit II a man beginning business forty or nfty
years ago. hal carefully laid by ont Of his sav-
ings enough to pny for n lot or two on Broad-
way. AMI mover sold any or made any other in
vcstmcn'. Tho answer WIS. AN incalculahlo
amount. millions" II, had mover known Of any
way in which money could be made in the long
run 80 surely. safely, and rapidly. Ii could not
have bccn done on any other street. Many Of
the present wealthy families are so because
their ancestors saw this principle. On the con-
trary. with hut fcw exceptions hero and there.
property in the rest Of the city south Of Four
tccnth street has remained stationary, or re-
ceded. On the uptown cross streets. at the dis
tHnec ~ an avenue east or west Of Broadway.
property reaches certain value and remains
stationary. After the street is built up the adj
vance ceases. Eighth street or Tenth street ia
not worth moro now allowance being made for
currency price and taxcsl than when the street
was built up and used for fashionable resi-
/ dcnccs. Tie same may bo said of all the cross
I streets from Thrtcth street rs far AS they ara
| built IN Our millionarcs buy and build on
great thoroughfarcs.
Tho fortune of Mr. Frederic Stevens comes
| from the late Mr.. Sampson. Mrs. Stevens
father. He bought the old Ward house on the
corner Of Broadway and Bond street. and mad,
| il his residence till tho day of his death. His
daughter at present reaps the reward OF his
saeacty. She derives a princcly income from
this properly. now covered by magninrcn
warehouse occupied 10y Brooks Brothers. cloth
frs. The enormous growth Of the Stevens for
tune antly illustrates what we advance touchinl
the wealth in this city which springs from The
rise Of Broadway property. The fortune OF Mr.
Frederic Stevens ia estimated at sioO1ooo. IL
has followed the example OF old Mr.. Simpson
and located his castle on the great thoroughfar
Of the upper part OF the city. the Fiji
avenue. From his windows tho cornc
Of Fifty-scventh street Mr.. Stevens sees
daily procession Of 1ve-sixths Of the people
carriages and cquestrians entering the Contra
Park. and day by day that procession swells ii
proportions Mr.. Frederick Stevens move
into his new house this winter. Hc throws
open for the lrst time 20 New York society OF
Wednesday evening next. Feb. T. AZ O'Clock
The gay world are looking forward with grca
interest To Mr. AMI Mrs. Frederic Stevens p bal
The cotillon is 10 commence at II. The dancing
people and fashionable society generally pa
that moro Of our rich men may hc moved Z
follow the hospitable example OF the yVunses
millionaire On our list.