Telegram-herald., 1890-09-29

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son2eEazEg r1ch. HaylEg a rspcgz1on
.or EsDsFozity IA such matters ae0Ut AZ
.izs srao-sLAke pEospectors II tLe cSuntTY
sErike a1@ fox sszks sTssn tneY csslt
1na aaotAsx basksE Aeout shis tie
sena1or tells good story O4s Il Cal
l9rElz u = ul40 nAuasa be1 C2axkson
noE related % Jamss ). Cl2rksaa q
Iowa. vie l. n0tsd a. tslnS Ehs biggest
AZ on sas coast One day pFospectoT
sccos5ed Jones an4 told him - knew
here there was 3 mine tAzt h81 Eaea
deposit OF ore SO feet thick IN solid
vein. There neve- was such a mine.
Yoa blamed fool. replied the senator.
On. yss there Is. aad know where 10
par my fingers GA it, Who told Yea
about this wonderful mines' demanded
the senator Bud Cisrkson." Well,
doa't you know that Bud Clarkson is ths
champion lar Of California Yes.
spose be is. But. senator, Just think
what 4 nias u would DC u only half
WHIST Bud says is true.
Senator Jones IS now ~ work upon a
novel enterprise. Years ago be acquired
u, 90 acres of Land lying right across
the bay from san Francisco. The tract
didn't cost HIM more than a thousand or
ITo, foRit is al covered by water when
me tide : at its highest But the land
S very Iteh. 1t IS G sort OF mari which
a2s bosn deposited there by the two
rivers which dow into the bay on either
side Of it. The black. rieh soil is ten or
fifteen fathoms thick. Now Jones is at
work reclaiming the whole tract. Big
dredges are in operation building dyke
10 keep the tide ont. The dyke is seven
feet high, and is constructed without
masonry or other expensive work. Al
ready twelve or fifteen miles have been
finished OF the seventy-tive that will be
required 10 keep the tids of the whole
tract.
Last year the senator sowed a small
part of this tract in barley, aud the coil
was rough and lumpy, not being sub
dued in its first season OF cultivation; he
got a yield Of seventy bushels 10 the
acre. He has been offered $40 an acre
per year for tho le1se Of all the ground
ha has reclaimed for truck gardening.
| A few years moro and Jones expects 70
have the whole lO, 600 acres under cult
yation. For truck farming IL will be
| superb on account of its richness. and
because it is only an hour from San
francisco by ferryDoat. What fortune
the 10000 acres Will be at $40 an acre,
or even $, each year!
In Washington we have many men of
wealth who made their money in the
states, and who, though not in public
life, come hero to live because they ike
4 the capital rs place of residence. The
richest of these, perhaps, is Letter, who
amassed fortune in the dry goods brsi-
ness in Chicago. He lives in Mr. Blaine's
house. Another rich man Is Mr. Warder.
of Springfield. o., VINO grew rich in
making agricultural implements. Thirty
years ago On adjoining farms in south
western OHIO lived two poor boys. One
was this f1r. Wardcr. and the others
name was .---erson. One Of them tells
| me they often talked of what they would
ike to be when men. and they agreed
that their highest ambition was to own
a big factory, employing hundreds of
workmen. Warder became the richest
man and most public spirited citizen of
the manufacturing town OF Springfield,
while Emerson, his bosom friend, now
occupies n similar position in the thriv-
| ing town Of Rockford Ills. Emerson,
like his friend, made a fortune in agri-
cultural implements, and again like his
friend is living life OF ease and good
! works.
Ex-senator Henderson is another rich
man who has settled down here to live
in beautiful castle overlooking the Cap
itol. lie made fortune in queer way.
In Missouri many counties had voted
bonds TO aid in building railways, and
then had taken advantage of certain
court decisions to refuse TO pay the in
debtedness. In moment Of inspiration
5irs. Henderson told her husband that
those bonds would some day be paid,
and that he ought TO buy a lot Of them.
Almost against his judgment. but rely
ing on mis- wife's intuition. Henderson
invested about al tho money he haa in
county bonds. He bought at few cents
on the dollar and eventually sold out at
near pa-.
A case almost identical with this is
that OF Col Henry Strong, who. like
Henderson, occupies 4 castle IN Wash
ingtoa. Col. Sr-ong was some years
ago a plain country lawyer at Keokuk,
II. A tier Of counties through that
state had voted bonds 70 aid the Burling-
ton and Missouri River railroad. Among
the holders Of a block Of these bonds was
Edgar Thompson, OF the famous steel
works at P!ttsburg. who had sold rails
t. the road. A decision of the supreme
court Of the state invslidsted the bonds.
and their market value went down -
one or two cents on the dOllT Thomp-
son had 22J0. 900 Of this paper. and he
offered Strong one-h3f the proceeds ia
case he could secure q reversal of tho de
cisi0n. Strong accepted the oher and
went 70 w0rf He soon saw his way
clear In the courts. and then invested al
the money he had IN bonds o1 bis own
account. re secured about half q mill
ion dollars q them ~ prices rsnzin 2
from one and a quarter cents 10 ono and
t1rec- quarters. and econ afteTvard the
supreme court 81 Iowa reversed its fer.
uoer decs sion. and tha second decision ws.s
confirmed By the supreme cosrt q the
United Ststes Strong g3t more than
$4,000 from Edga- Thompson. and
sol3 CIT part q lis own hoiiings
a. 1t
According "a the law under which To-
bou6s were iszue8 \ holder could a. suy
tiTne exchange TIE bon5s Tor stock - So