The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-01-07
PRESIDENTIAL POVERTY.
The WHITE HOUSE NOT THE PLACE
FOR MONEY MAKING.

jefferson Died In Debt-cne of the Wash.
;ngton Family Peddling Trinkets-The
Adamsesa as Money savers-Andrew Jack.
Most Of the presidents have died poor, and
few of them have made much out Of office
holding. Just before Jefferson died he Was
SO much in debt that u lottery scheme was
gotten up 10 sell his property and relieve hls
necessities. He left practically nothing 10
his children, aud they received some two
sums OF $1,000 each from the legislatures Of
two Vt the southern states.
John Tyler left some property, but 1T al
went to his second wife. Ont Of his sous,
Gen. John Tyler, who drove a fo~ur-in-hand
while his father was in the White House, and
who was then called the handsOmest man IN
Washington, lives OFF a position in the treas
ury department, and one OF Tyler's most ac-
complishej daughters, IA lady who presided
over the executive mansion after her mothers
death and until her father married Julia
Gardner, is a guest Of COrcoran's Old Ladies
Home here. 4 man who claims 10 be one "
the Washington family, and who, by the
way, has a face s%trikingly like that Of the
president, peddles trinkets in IA little booth IN
the pension building. Dolly Madison, the
presidents wife, was during "a part Of her
last DAYS, furnished food by a colored man
who had been in President Madison's service.
She got, however, "A large sum of money from
congress for Madison's papers, and 1t was this
that eased her declining years.
PRESIDENT MoNRoE's OVERT
" 1900. tt.r ~. Instss 10 -
were spent with his son in law, Samuel l..
GOuyerneur, Ia New York, and there he
died. Harrison left nothing to speak II.
folk lett about $4,000, including Polk
place at ash,i HE, where his widow no"
lives. 1t Is "a valuable block OF ground IN
the center Of the town, which has risen
largely in value since the presidents death.
Martin Van Buren, made money out OF
politics He started life poor and died wen
L. do. One estimate pats his estate at seOV,
0cJ, and he made money IN real estate a.
well as ia tic Law. Both OF the Adamses
Wen. money savers, if not money makers
The letters OF JOlu Adams, the second presl
dent, 10 his vie, Abigail, repeatedly urg.
her 10 cut down the household expenses shd
t. practice economy. Tic launched himself
tA 'tiA flho A+AA ANAsifNNNNf N
tar oitencr than he rul~.
john Quincy Adams received nearly 500,
90 from the government Ia salaries during
bis lifetime, aui he possessed the Yankee
thrift The Adams famify at present Is one
of tho richest ia New England, and | was
told at Kansas city that Charles Francis
Adams has more than Sl,O1J 90 invested in
real estate there lie Jas railroad stocks
ana bonds ia addition, and ae makes his
money breed like Australian rabbits.
ANDREW JAcAsON's ENPESsES.
Andrew Jackson spent more than his sal
ary while lac Was ia ths White House. and no
had t. borrow money to keep up with his eX-
pelsCi Thomas Jefferson borrowed the
money that carried him out ii Washington
when b. LIFT tie presidency, and ANDY john
son. tLJueh L. entertained considerably, -
supposed u have saved a. least $4,000 dur
IN his White House career lie died, ! am
told, worth about SlUJ.OvJ, aud the most OF
this came from economy IL was a pretty
good estate TOT It tailor to leave James Bu-
chanan was making about Ss,ON a year at
the law when he entered congress, and he
spent during his presidency what vas lett
from lis living expenses III charity. lie
was not. however, "A rich man when lie died,
aud his estate Cf WLcatiands was sold a year
Or two ago.
President Fillmore began his lie as a wool
carder. During the three years nc was en-
uged 70 his sweetheart he had not enough
money to pay the expenses OF the 10 miles
which la between her home ia Saratoga
county. y Y, and where he had begun 70
practice law During the nrst years OF their
marriage his wife did the hOuscwork and
TAUGHT school, and still he died one Of the
richest OF the presidents. The greater part
Vi his fortune, however, came from his Sec
ond marriage 10 a rich woman VI Buffalo,
whom he courted after his first wife died.
President Cleveland d. is supposed u be worth
about SlOO, 900, and h. owns, l am told, real
estate ia Buffalo which Is rapidly advancing
IN value President Arthur lett much less
than he was supposed 70 be worth. Garfield
shortly before his death owed $1,000 70 Gen.
Swain, and Grant did not add to his fortune
by his White House career. Hayes made
money out OF the presidency, and Is rich
through Inheritance and economy. The pres
ideDts, as a rule, have not saved money dur
ing their presidency, but the same abilities
which made them presidents would, II they
had been used in the field Vi money making
and money saving, have given them fort
unes.-Frank O. Carpenter ia New York
World