The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-07-26
RICH MEN OF CHICAGO.
Walter Welnan Writes OF the Million.
aires W..o Lives in the City by the Lake.

made his money on the Board of Trade, and
he was broker and not n speculator. John
Lester is worth million. ana perhaps Nat
Jones and Norman Ream are, but the first
named is the only one whom the cashiers
gave that rating when they made up their
little list. Lester has made some big
deals on his own account, but the bulk OF
his fortune has been acquired 10y commits
siOns on other peoples deals. b. L.
Hutchinson has doubtless, made good
deal OF money on the board, where he is
an invetoratc scalpcr. always ready to quit
as soon as he gets profit, no matter how
small, but he first got rich in the pork
packing line. He has also done well in
real estate. should say that two-thirds
of the millionares here are men who
had the good luck to make 4 lot OF
money seine years ago. and, putting
, their surplus into real estate. have
become enormously wealthy through the
wonderful increase in the value of Chicago
dirt. Only the other day Senator Leman
told me his father-in.law Mr.. Dole. had
sold for SO. 900 Il lot which cost him So
thirty or forty years ago. This same Mr..
Dole, who perhaps would have been a
millionaire but for his liberality, and is al
most one as it is, started Nelson Morris in
business Il long time ago Dole was
cattle buyer and Morris was doing com
mon labor about the stock yards. One
dav Morris went to Dole and said he
knew where he could buy nice lot of
cattle and make some money on them if
he only had the capital. Dole lent him
the money and now Morris sends out
train load of dressed beef every day.
Gustavus S. Swift the king of cattle
killers. whose establishment works up
10000 head a week and sends the biggest
part of it to the east in refrigerator cars,
once kept little seven by nine butcher
shop in the town of Banstablc. Mass.
W.
Not a few of our millionaires were
country storckccpers. like Potter Palmer.
This is great commercial city. and yet
ii We except dry goods and cloIhing, few
of our rich men have come up TO atiluence
in mercantile pursuits Edison Keith, a
milliner and hat maker is rich, but he
has made more money in real estate than
in millinery. William Blair and David
Kelley got rich in hardware NJ ID. Wells
has made a million out of boots and shoes,
and John w Doano has made two mill
]
extent of mlliOnaircdOm i'm regular trade,
aside from dry goods and clothing. y.
X Fairbanks. one Of the best known most
intellectual. most aristoc1tic milli0naires
in town, has made his fortune in about
the most dismal looking lard refinery there
Is in this city of packcries and reineries.
-
Lumber has been fruitful source Of
wealth Ia this city. as one might expect
from the fact that Chicago is and long has
been the greatest lumber mart ON the con
tiuout Big money has been made in
railroads. too. Francis liinckley. young
man OF 10, has just turned a round mil
lion in one railroad operation. lie built
liao with other peoples money and sold it
II the Santa Ic. The Keeps, Albert and
Henry. of the Northeastern. and very
rich men, used to be country store keepers
up IN Wisconsin 2 .. Blackstone, a
lawyer, helped rcorganizc a road and came
out OF tho deal its president. L. Il. Cable
and II. II. Porter are other millionaire
ralroadcrs.
Levi Il. Letter the Washington aristo-
crat who lives in Blaine house, made his
fortune in The dry goods business with
Marshall Field, with whom he quarreled
and has ever since been at law with
about some real estate. George VI. Pull
man. as ever, one lnows came from the
Eric canal. moved and raised houses in
Chicago tried mining in the west, hit on
the idea q thc sleeping ear. acted rs con
dUctor &C the first car, begged people TO
ride with him. and Is now one of ChicagoS
richest mcn. llc Is worth seven or eight
millions.
One o. the Youngest millionairos in Chi
cagO is Charles hutchinson. son Of old
Hutch. and good one. llc is only 49,
aud president Of the board Of trade: be is
also 40 the head of the one great art con
Germ IN / he west, the Art institute. He
runs a bank aud other important concerns.
Our richest bachelor is Albert Munger,
who inherited his wealth. which was made
in grain elevators. line that has turned
out half dozen millionaires. Munger
too, is interested in art, and has half
million dollars IN fine pictures Columbus
Il. Cummings, the head of the Chicago
gas monopoly, has been IN a good many
things. He started out country MGR
chant. took railroad contracts. was in the
nickel plate scheme. owned the Lake Erie
and Western, put few hundred thousands
AiAAO "a vi FDbNao sfAbiAf anu ilAsAi- ~
nearly swapping himself in gas stoc, that
wouldn't sell and gas bonds that people
were AFRAID Of that he had 10 sell out
every thing except his bank and make
bitter fight for lie. Now he is all right
again, and is still president of the Union
National, one OF the largest banks in the
city. -
There are several very rich bankers
here Mark skinner Vermont Yankee,
has grown rich making private loans and
shaving notes. Samuel Nickcrson got
rich in the distilliu& business. and is now
at the head of the First National bank,
which, by the way, has larger deposits
than any other bank in the country. v
NickersOn also owns arock crystal, which
Is the most gorgeous thing Of the sort the
world has ever seen. 1t is as big as
goose egg, and IS worth $4,000. He
leaves it on the parlor table Of his North
Side residence during the day but care
fully locks it up at night along with his