The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-28
MRS. CRIES SON AND AID.
twenty thaee(esrs Old and the Man
aor OF Millions.
Honthe Chicago Herald.


almost $40 10000 is what Edward 81. Green
is to-day, an he is not much weighed down
by it either There are q great many people
who don't aow Hetty Green's son, but there
are a largnumber who do call and see him
at least ole month to pay interest II
anybodySants money and has got some
frst-claj inside real estate collateral he
may be.ble to raise q little on it By calling
ON Nedireen, who spends the day way Ut
in theileventh story of the Owings building
in WHIT he calls his den.
Prbably as much money is represented
in tls small room as in any other place in
thea.sy Of Chicago, but there are no signs
OF pulency about it. It looks cosy, bust
neslike and comfortable, for all the world
c5veying the impression that the window
I'D been left open when a gale was blowing
dtslde, as every paper in the room is lying
asst where this wind might have blown il.
in big desk lie punches of notes, coupons
Ind memoranda Of first mortgages that
bring in $500 of interest every month.
and in every pigeonhole are stuck check
books, envelopes and scraps OF paper con-
| tanning rows Of figures whose aggregate
would tbe enough to cause furry in the
money market if Withdrawn from circula-
| ton. Mrs. Hetty Green has got favorire
! armchair in this Office, where she sits when
she isn't talking TO her lawyers or cashing
big checks at the banks. She occasionally
directs and suggests, but it is Ned" Green
who does the hard work, figuring out valua-
tions, placing loans, aud keeping account of
the estate that has its dollars all over the
United States.
Med" is a young man in spite of his
mature appearance and well-developed
form. Six feet OF hight and over 200 pounds
OF solid flesh he carries around with q grace
and portliness that would become a man of
many more winters. In fact, he is only 90
| though he might pass for man past 80
He was built on plan that is naturally
| fitted for the responsibility Of the manage
ment OF portion Of such vast estate re-
quires. From early in the morning till
evening he can be found in his
den, making some men happy by
accepting real estate on q loan
or sending others away blue and discouso-
late because their collateral lies outside of
the limits set by the rules of the office. A
man with the best sort of gilt-edged securi~
ties behind him may plead in vain for a
loan on property not included in the bound
aries of Twenty-second street. the river and
the river Nothing but the first mortgages
20 with the Greens. and they must be
down, too, except on special occasions
Born a Quaker, brought up a Protestant,
educated q Catholic and by business jew
is the terse way he has of summing up his
life
This loaning business is nothing more nor
less than a pawnbroker shop on large
SCALE" he says, Except the men have to
hook good piece Of real estate instead Of
watch. Some men get mad when you call
them pawnbrokers, but loaning money as
do is nothing more nor less" If 1t Is one Of
those Clark steeet affairs, it is done on such
large scale that almost every man on the
board of trade could have his fortune dupli-
Gated by Ned Green, and there would be a
large enough balance left on the young
mau's check book to put up twenty-story
building on State street. When Mr.. Green's
grandfather died in 1865 he and his sister
found themselves In possession OF property
valued at that time at So, 000, 900, which was
divided equally between them. That was
twenty-five years ago, and its value has
increased many fold.
The Rowland block, on the southwest
corner OF Dearborn and Monroe, has a val
uation In the will Of $4,000, while to-day
an offer he's been declined Of $500, 900. II
all the rest of the property has increased in
value proportionately, the So, 000, 900 is
nearer $4,000 900 at the lowest estimate
He owns BALI the fee, besides, in the Miller
block on Wabash avenue, the Cover block
on Monroe street and Fifth avenue, the
Reed block on Wabash avenue north of
of Washington street, and big tracts of land
lying in and around the city. In the first
place there is section 81 in the town of
Cicero, which has become famous on
account of the litigation over it
with the Grant Locomotive Works
people, who claim to have purchased
it of the guardian for 1902, 900,
but which Mrs. Hetty Green says has
not been sold for any such sum, as IL is
worth nearer 100000. Mr.. Green and
his sister own the fee of this or the money
it was sold for, also section 90 in the town
of Lake, section 13 in the same township,
half of section "A, forty acres at Sixty
third street and LOOMS street. forty acres
at Sixty~ninth and Halsted Streets several
entire blocks in Hyde Park, and number
less small pieces all over the South Side.
What has been characteristic Of Mrs. Green
as much as anything else is her fondness for
first mortgages on Michigan avenue cor
ners and she owns a number of them, all
Of which will into the hands Of her
son some of these days. The greater
part of the estate, now being managed
by trustees, lies in the center Of New York
City, and includes the Imperial hotel and
Sturtevant house aud several other choice
bits that bring in q princely income. Mr..
Green has money invested in railroad stocks,
some of which pay good dividends and
some Of which do not. On his list of div-
dends for last month appears the Louisville
and Nashville, Connecticut River, Central
Vermont, Houston and Texas, Rock Island,
Pullman, Fitchburg, Lake Shore, Boston
end Albany, New York, New Haven and
Hartford, Central Railroad Of Georgia, and
Chicago and Northwestern. Not all of the
millions. however, are in railroads, for
large sums are being increased every day
by cotton mills in New Bedford.
These investments do not need much ata
tention, but real estate does. and to the Chi
cage part Mr.. Green gives his undivided
attention. Every parcel. no matter whether
it Is 25 feet on Peck court, or 100 acres in
Cicero. he is thoroughly posted upon it and
knows Just how its affairs stand and what
the best plan is for improving them. The
popular impression of "rich young man"
does not hold good in his case for he Is
wofully lacking in those dissipating traits
that often travel hand-in-hand with unlim-
tied money.
least he was when he went to Manila to seek
his fortune Manila is the capital of the
Philippine Islands, and is the center OF the
shipping interests from that part of the
world. Mr.. Green stayed there seventeen
years, and in that time accumulated for
tune of about 81 500, 900 by exporting hemp.
fruits, nuts, ETC., to this country and Great
Britain. In New York city he met Mrs
Green, the daughter of the well-known
Quaker, Edward Mott Robinson, who died
leaving some $9,000.000, the result of a
whaling business carried on with head