Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1884-10-09
MIR. GARRETT'S WEALTH.
Estimated from Five TO Thirty Mil
Hons-His EoItim0re and Ohio En-
Baltimore American


MIR. Garrett himself has said more
than once during the past few months
to gentlemen Intimately concerned
with business affairs In which he was
prominent that he had so provided and
arranged in his will that there would
be no such change IN the existing
status of his holdings Of various
securities as would at all disturb other
interests. OF greatest importance, of
course, is the stock of the Baltimore
and Ohio, of which he was not only
the largest individual shareholder.
but even a holder to greater extent
than the city of Baltimore or the
Johns Hopkins estate. The Garrett
interest" In fact amounts, it is stated.
to very nearly tEo-sevenths of the
entire capital of the company. The
aggregate capital stock is $14, 792, 266,
or 147, 925. Sc shares, of the par value
of 800. 1t is estimated that the Gar
rett interest amounts to about 10000
shares. The market quotation of the
stock is 175-or rs per cent. above
par.
Estimates of the wealth of Mr.. Gar
rett, made by persons who have had
close business relations with him, vary
greatly, aad range all the way from
S., 000,0 to $50, 600, 900. Besides the
common stock of the Baltimore and
Ohio Railroad company, he owned, it
is said, considerable amounts of the
preferred stocks and bonds of the rail
road, and had invested largely in the
securities Of the branch and connect
ing roads IN the system. Among these
have been most prominently mention
ed the Pittsburg and Connellsville,
the Cincinnati, Washington and
Baltimore, the Central Ohio, and the
Washington branch. He is said to
have been a holder, too, of stocks or
bonds in various eastern, western, and
southern railroads, of government
bonds, of Maryland and Virginia
state securities, of Baltimore city
stock, and of stock in number of the
banks and other financial and COM
mercial corporations in the city. The
banking house Of Robert Garrett &
Son has large and very valuable
business, and Mr.. Garrett was also a
special partner in the firm of Pope 6
Cole, extensive copper and general
metal dealers His investments in
real estate were very large and widely
distributed. Besides his residence he
owned other property on Mount Yer
non place. Monticello" his country
place, is splendidly improved, embrac-
ing over one thousand acres of fine
land, and is stocked abundantly with
the best and most valuable cattle,
sheep, and swine. In his farming and
stock raising operations Mr.. Garrett
took great personal interest, and also
in his gardens, lighthouses, and con-
servatories. His horses were not the
fastest, but they were all of fine stock,
and from his pairs, driven to a broad,
strong, but rather light double buggy,
he got very good speed always Be
sides 'Montebello'' he owned several
other fine places in Baltimore county.
In the city his real estate embraced
factories, warehouses, Office buildings,
and dwelling houses. Some Of the
best warehouse property In the city
belonged to him, and he had added
largely to the number of his Office
buildings in the past fifteen years, par
ticularly in the neighborhood of South
and German streets.