New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1890-10-15

Feeds HIM! What do you mean,
David Peabody could feed dozen
sister-in-laws, and not feel it.
/ Well, !" / said, ri recently began to
suspect he was rather well- off. e
/ Rather well OFF, exclaimed Carl
ton That's the best joke out. Da-
3lvid Peabody well off! Is it possible
! you dom t know how rich he is? But
he hardly knows himself. He has.
/ been Tor over eighteen years the prin-
Ecipal stockholder in the great
/ Mexican mine. 1t is an Eng
Illsh company, and he is the only
American in it. But he owns two
/ thirds OF it. Why it is one of the
most successful mines in the country
| Well off! Why, he is away up in the
millions, and it keeps pouring i'll. :
| Of course this was too good to keep.
l=Brantford had the benefit OF it, and,
except an occasional dash at the rosin
] and cotton, David's great Wealth was
f the subject for discussion and COM
i ment.
/ The civil war come and was going
on, and FoHambe and his follies faded
before it. At last in 1862, Fol'ambe's
cotton began to be moved. It
had risen in price exceedingly, and
! Brantford found that there had been
| method in the madness. But the
rosin. though it had risen too, re-
manned undisturbed. At length, /
think it was in August, 1863, three
hundred barrels of the rosin were
| shipped to Boston. The next day
one hundred and fifty went to Phil.
adelphi;s. and hundred to Balti.
more. The next day three hundred
were sent to New Y ork. And so it CON
tlnued to move, sometimes in smaller.
sometimes III larger quantities, until
]! by the latter part of November, every
barrel was gone. l took up the price
current and ran over the file for the
quotations on naval stores. To my
surprise the price had varied from
August to November. from twenty
five to forty-four dollars per barrel
figure. Foljambe had stocked the
market.
| There was little talk about Fol
!ambe's follies after that in Brant.
ford. On the contrary, the Brantford
people admired the shrewdness OF
"Fool JIM" and that name dropped.
/ Well they might admire him. He and
Uncle David between them have built
up the place, which has doubled in
population and is thriving in every
way. AS for Foljambe himself. he is
very quiet for q man so immensely
rich. Beyond ayear's visit to Europe,
and two or three months travel every
year to some part OF the country,
he stays principally on the Foliambe
place, where he has enlarged
| the old mansion and devotes
| himself TO his family. Rebecca
Foljambe is as handsome think as
/ ever, though more plump than she
! used to be. They appear to be as
i fond OF each other as ever, and dare
say they are.
One day, when he dropped into the
shop, | happened to say something
| complimentary to his foresight. He
LAUGHED.
"Coffey," he said, "most Of my sue
cesses were unexpected. l had, it is
true, a suspicion amounting almost to
Iron ore on the Peabody farm, but /
bought it to give the widow a, lift, for
Nathan Peabody had petted me
when a. boy, and was always ready,
poor fellow, to leave his farm work
to join me in hunting, or fishing, or
nutting, or anything else. The fact
that | was almost certain, however,
made me divide the profits with the
widow as matter Of equity. /
never suspected Uncle David's
wealth; but the cotton and
rosin purchase was q matter OF
calculation, particularly the rosin.
1t was then drug in the market. It
had accumulated in large hills wher-
ever they made turpentine. 1t could
be had almost for the taking away. L
knew that war would come, but /
never dreamed that rosin would 20
!! beyond five or six dollars. I built
the sheds at Brantford, because that
was cheaper than storing in New
York, and that's ell the foresight I
had
"You must have made good thing
out OF it, anyhow" rejoined cit is
not my business how much and /
don't ask, but you must nave netted
good round sum-
20, don't mind telling you" he
said, II have figured it up. On the
cotton and rosin together, I Melted
just three millions, seven thousand
and ten dollars. But I am not so
rich as David Peabody, by some mill.
IONS"
Fifty Years in Bloomingdale.