Savannah morning news. [volume] (Savannah) 1868-1887, 1886-02-07
WEALTH OF THErRANTS.
A BIG FORTUNE PERING IN
FROM THE Box.

The Feeling About the Mument Fund
A Good Word for JOhuSoRch-The
Big Apartment Houses aOor Invest
ment-A Lawyers Joke It TO Cost a
Life.
NEW YORK, Feb. 5.-AThebming deliv-
cry to the trade of Gen. Gra's book has
again turned public atteuon towards
the surviving member Of hiamily. Mrs.
Grant and her sons, Col. Fri and Jesse,
are residing at No. Ea Sixty-sixth
street. Neither of them occupied by
any business engagements4xcepti the
attention paid by Col. FRI to matters
pertaining to the book. Iysses Grant,
Jr., with his wife and babs, is living on
mis- farm in Westchestel county. The
publishers will, during thtcoming week,
hand Mrs. Grant a checnor $25O,OOO as
her share of the receipts firm the delivery
Of the first volume of the Drk. AS much
moro is counted on WIN the money
from the sale of the seco1 volume is re-
celved. The family and publishers also
nave royalty on the Enguh edition, pub
1shed by Samson, Iowa Co., Crown
building, London, simultaneously with
the American works, American copies
sent to Germany are also b be heard from.
Toe American edition will reach 100000
and probably more. Mr.. Grants plans
for next summer are nOtget fully matur-
ed. There is the possibility that she NAV
90 abroad and spend ew months with
her daughter Nellie, at ler home in Eng
land.
THE MONUMENT.
In the meantime there is very emphatic
objection here TO tie proposed apprOpria-
z hvyIN rp for ha C~a
monument. The objection is based on the
grounds, first, that Congress has no right
to vote public money for such a purpose,
and, second, that the cOuntry's debt to
Gen. Grant is already paid in full. 1t is
felt besides that the men who proposed the
extravaganza of a S1000,0 COO monument
should be left TO work out the scheme
themselves. They were mighty enthusi-
astic about it at the start, and if they
want it to 90 through they should put up
the cash out of their own pockets. With
the income from the S250,000 fund, the
pension voted to her by Congress, and the
big check promised TO her by G. l.. Web
ster & Co., Mrs. Grant ought to be in an
easy state of mind about her finances.
Inc total amount OF subscriptions to date
amount to $114000. The sums
now coming in are mere driblets, and
most Of them are from out.Of-tOwn places.
4 fOVh OLD JUN hOACHs
John Roach, the famous shipbuilder,
fpends considerable portion OF his time
n this city. He is not half so bad fel-
lOw as he is often pictured. He has a
earm heart, and sticks to his friends
Through thick and thin. This is good
point in any mans favor, and one which
4 nds particular favor in the eyes of
americans. Roach dresses plainly. aHd
lst now shows in his face marks of the
Dental worry incident to his recent finan-
cial misfortunes. Roach is 20 years old,
md deaf as a post. Even if he should
Hsb his affairs Strengthened out it is not
Mkely that he will ever be active in them
gain. Many stories have been told about
be generosity of Roach in his prosperous
nays. He was never stingy, and many
% en- have been helped by him out of their
ANTIQUITIES. A business man whom he had
moWn several years got into trouble
tnrough disappointment in making col
leeti0ns. There was one creditor, rich,
( but veritahle SbyIock, to whom he owed
$4,000, and who insisted upon payment.
He must get his money at once, and would
give no grace nor take any excuse. The
debtor was confident that he could square
up If given little time, but If pushed to
the wall would be ruin. In his extremity
he went to John Roach and told his story.
Roach talked the matter over with him
stances were such that, while in all
probability he was good for the amount,
he could give no other security for the
loan than his word, which as most people
know, don't go far in business, Roach's
good heart came to the rescue
of his confident, however, and he loaned
the money on nothing but the mans ver-
bal promise to pay. The $4,000 was paid
back soon after, and interest offered,
" e hu
who said that when he loaned a friend it
was not to make money out of him.
Roach always befriended his employees,
md be said he never had reason to regret
IL A special satisfaction to him now is,
That though ne was often cheated, il not
robbed by dishonest wOrkmen, he never
vas the cause Of putting anyone in Jail.
Il a workman stole from him, he either
discharged the fellow at once or lectured
MIN into honesty. Since his drop down in
the world he has had the sympathy of
every man he ever employed.
FOOLS BUILD HOUSES.
Stools build houses and wise men live
IN them," is an ancient adage Of which
every one or New YOrk's big apartment
houses is said to be standing verificatiOn.
astounding as the statement may seem,
ii is nevertheless true that not one of them
is paying the interest on the money in
Fcbbeus apartment uOuSbHs PARTICULARLY
the largest and cOstliest kind have been
80 Overbuilt here within two or three
years, that the owners OF not q few have
become financially embarrassed. Even
F.. where the houses are fully occupied, the
n rents have been put 50 low, IN order to Sc
cure tenants. that the return from the in
yestment is very small, and in some IN
stances almost nothing. Where they are
but partially occupied, the financial drain
IS almost too great TO be endured. Scores
bt men have been ruined by their partic-
patton In the late mania for putting up
Expensive apartment houses. And those
Who have not been ruined are feeling the
binch OF their imprudence very severely.
Where big elaborate single apartment
onses have proved unremunerative
10 late, their owners have per-
#lgXed themselves as TO some plan for
Baking them otherwise. The first thought
usually TO turn them into family hotels.
his has been done repeatedly. The
osborne, conspicuous as the highest
Npartment house in town-it is IA stories
is 10 be converted into a hotel. IL has
Exhausted the means OF several men who
hye embarked in the enterprise, and
mething must be done TO prevent the
Exhaustion of others. IL is very nne and
sbstantial, and cost 81 SOC, 900. Ready
b occupancy since Oct. 1, 10 has rented
10y 1--WE apartments cut Of forty, which
NNndfepnfffsa flint tho V,Io l..