The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-06-04
AT THE NATIONAL CAPITAL.
SENATOR sHERMAN MOVES INTO MS
NKW SI5o,oOO HOUsE

Mae. of the Senator'S Wealth Made by In
vestuent- In Washington Real Estate
Other Statesmen Who Have Made an'
Are Making Money In the Same Way
white House Grounds Closed from, e 10
r. NJ. That Baby Ruth May Have He'
FroIie on the Lawn Undisturbrd-Knt'
Field Complains OF white House Usher-
WASHINGTON, June 3-senator Sherman and
lyhis family moved few days ago into the
beautiful and commodlous white stone house
! which he has just completed on tho north side
| OF Franklin Park at an expenditure about
| $4,000. This is the third house, all in the
/, eamo block. In which Senator Sherman has
Z lived within the past twenty years. and his
moving into It calls attention to the fact that
| he hos long been regarded as very wealthy
man. II is only about eight years ago that
, Senator Sherman moved from the modest lit
7 tie two-and-a-balf-story house into large,
stylish. double one. which he built on an
adjoining lot and now that has grown too
!, small for him. and lie is taking UP his resi-
dence In one OF tho most elaborate establish
ments in Washington. Senator and Mrs.
Sherman are childess. with the exception OF
an adopted daughter. and as they are not
"society people" in the strict sense OF the
, word their friends think 1t rather strange
that they should caro- to burden themselves
with the responsibility OF such large house.
+ Much OF Senator Sherman's wealth. how
ever, has been made by judicious investments
in Washington real estate. beginning when he
, Arst came to Congress. Mr.. Sherman Is one OF
the few public men who realized as far back as
thirty years ago that Washington would some
day be big city where wealthy people would
desire to live. and consequently that WASH
tington real estate afforded q fine field for In
vestment. Perhaps the Senator moves every
few years into better house because he can
make money by selling the old one. He has
invested money in property in all parts Of the
District OF Columbia. and it is said by his
friends that he never speculated unproGtably.
The. Senator still owns rows OF houses and
many unimproved pieces OF ground which
will some day have great value. Several
years ago no built up q whole street on both
ponents charged at the time that he did not
hesitate to construct them with the aid OF
Treasury employees.. who got their pay IRON
houses This statement was probably untrue.
but the houses still stand on W hat is known as
Sherman street. and yield their owner fine
The number OF wealthy public men who have
Invested in Washington real estate in specu-
number OF them. OF course. who own resi-
dences here, which they occupy while in office
The men who have made a business Of buying
and selling real estate. however. while serving
the Government is small. One e, Of the heaviest
Investors is Senator Cameron OF Pennsylvania.
He has built several very elaborate residences.
in each OF which he lived for time. and then
chased whole SO uares Of unimproved property.
and has sold much of It at very large
profit The amount stIl staining In n. his name
who saw a chance for investment in Washing.
ton. and took advantage Of it. All Of his real
and the two big houses which he owned when
he died. one OF which is the family residence
he mors
Blaine paid for them.
Ex- Representative Archie Bliss of Brooklyn
from Congress. lie is at the head OF syndi:
S Sa that owns whole section OF southeast
w,c and 5"e pv aro now
The indications are that tho syndicate will
make 1nhn large am9uRs Of pIh'imats!y
statesman" IS anothsr New York Congress-:
man who had time 70 study the real estate
ested With some friends in large blocks Of
William Waiter Phelps. eT Minister to Ger
T fn. end tba MI ba he @ SD pt
Mouse. The new Leite mansion stands on q
pace OF ground purchased BY MIR. Phelps. and
the Minister Gyms 9tnSr PIECES larger and
Fart with; Senator Proctor OF Vermont who
Is preparing to build n very expensive private
real estate In a speculative way,
having with his business associates construct
gale ut equally handsome prices. senator
Proctor has great faith Ia the future OF Wash
ington.
The various foreign legations are also be-
ginning to give n settled value to certain
properties by purchasing outright instead OF
renting the houses used by the legations
ENGLAND was M't tho first country to purchase
good business judgment in do:
ing so: for the legation residence would
than it cost the English % twen 1fs
years ago. Seven or eight years ago the Next
can Government purchased a valuable site
IN its neiChborhood has largely increased
n value s sinGe on,Y last week tho
which they had owned here for great many
years and purchased a new one in a more
the chinese Is about to p sa s
been the home Of Chinese legation Tor sev s
hospitality. The Russian legation is about to
move from the West House i9 the old sIep-
days. into tho house which Senator quay A' has
vacate in order TO moyP into new and very
W
street. The French Minister has had his eve
on the beautiful house of Vice. President Nor
ton for several months. with n view to buying
It. but, satisfactory terms have not yet been
agreed upon.
The United States Government, in addition
10 all tho buildings that 1t owns in Washing
ton. finds 1t necessary to ront largo number.
and there nre real estate spectators who
mako business OF buying land which they
attempt to sell to the Government for various
purposes. and others, who, erect buildings for
the same purpose They do not always have
good luck. For instance. several Yeas ago
syndicate. headed by Senator Malone OF Nir-
Zinia.. purchased q square of ground. which
hey haye since been vainly endeayoring to
srnment Flirting once. fhe Cd I'D w nG S"
appropriated money for the purchase OF n site
md the erection Of q building. The attempt
II the mem hers OF tho Senatorial poker cluD
however. TO force the selection OF the Malone
Tito has resulted In no baildlng at ALL The
money has gone back into the Treasury. and
he thousands OF employees In the Governs
nent Printing Office still work at tho risk OF
lealth and ne. The Malone, site Is by far the
'est offered for the. purpose. but the Jealousy
u tho specu lators In other property has pre- |
'ented Its selection. The fight will DO renewed |
q the next Congress. |