Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-06

and that its area embraces thousands o
acres. This is true. 1t contains l6,OO(
acres, but we paid 81 25 an acre for 1t anC
| the original purchase did not amount Il
more than 10000. We paid $1,000 mor'
for some additional lands which connect i
with the river and give us water, but a.
present nothing but grass will grow on tht
ranch and it is worth practically nothing
| until it is irrigated.
sit will cost s5Oo,OOo to make the
right kind OF o ditch to irrigate it
and when this ditch is made 1t may be
worth something. Then my mining prop
critics may be worth a great deal and may
be worth nothing. All that l know is that
they bring in no income to speak OF al
present. As to farm lands have 1900
acres in Illinois. I was offered S75 an acre
for 500 acres of it some wears ago, but do
not think it would bring $50 an acre under
the hammer to-day, and the whole farm
would not sell at auction for $40 an acre. L
bought a large part Of this farm for my
father and paid good price for 1t. Some
of it have owned Tor a generation and
keep it because / bought it with some OF the
first money ever made.
UNLUCKY IN HOTELS.
"Then have hotel and bank at Cen
tral City, Col. L own the furniture of the
hotel. and every wear or so one of the tenants
gets s., 600 or $3,0 600 behind and leaves. 1t
then costs me q couple of thousand dollars
to refurnish it, and the result is that the
taxes, the furniture and the repairs eat up
the income from it,"
"Yes," continued the Senator in response
to my question, II have had a number of
chances to make money by investments, but
as told you about the $500, 900 lost by not
going into mining speculation, have lost
other chances equally good. l do not sup
pose there is a man in the Senate who can
not say the same thing. l have had one
principle, however, which has perhaps
aided me in keeping me poor. have never
allowed nv name OF Senator to be used as
director of any institution in which was
not financially interested and to the support
of which l did not pay as large proportion
as any other mem ber of the corporation. l
once lost a couple of hundred thousand dol
lars by not being in. Denver one day. A
man whom knew wanted to sell his min
ing property. He was friend of mine and
he came into the office and told my partner
that be was willing to give the option on it
ior 80 DAYS for $l25 600, aud that could
have all that l made over this in the sale.
Had 1 been In would have jumped at the
Tor knew that the property was
worth a great deal more than the amount
stated. was up in the country, however,
and the man being in hurry, handed it
over to some one else. 1t was sold inside of
three weeks for 1915, 900 to Jerome B. Chat
fee Mr.. Chaffee afIerward told me that he
was sorry had not gotten the sale, and he
me by saying that he would
rather have given me the extra S250,0O0
than the other fellow.
SHERMAN ACCEPTS ALL CHANCES.
In this connection, perhaps, no man has
taken more advantage of his chances in a
legitimate way than Senator John Sherman.
Sherman was sitting yesterday afternoon
just next to Senator Teller. He was dressed
in pepper-and-salt suit, and as looked at
him he did not seem day older than when
L came to Washington seven years ago. 1t
was at this tine that ne made his big specu
lation in suburban real estate here, out of
which gossips say he made a clear $500, 900.