Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-22

| venture that his increase Of his fortune
now amounts to something like a thou.
san1 tunes that amount annually. lie
ls q builder as well as a dealer In land,
ana he has a large number OF houses at
the capital which bring him in a steady
income. lie bought the old house lust
below. him which Edwin ". Stanton
once lived In a year or sn ago Tor s,s.-
90, and turned Il over In the course of
lew month a, big profit The house
winch he IS building will be worth when
II IS completed at least stoo. 600. and
you could not buy the one next door. in
winch he is now living. for $4,000 cash
lie has always had great faith in the
growth OF the national capital. and
has owned more or less real estate ever
since he came here to Congress way
back In the ifiies.
CALIFORNIA INVESTORS.
Some Of the biggest houses in Wash.
ington are owned by western men and
California millionalres have always had
laith In real estate In this city. Not
long ago the late Senator Stanford was
taking ride across the Potomac and he
stopped his horses at the end OF the
Aqucduct bridge near Arlington. AT
TINS point you get good view Ut the
river on Virginia side Senator STAN
ford stood up IN his carriage and looked
up and down Il and then said to hi,
secretary who was with him. ~ want
you to look into the values of land
about here and buy me all YOU can see
m every direction from this point n 1
get II we will then build a magnificent
bridge across the Potomac, will ran a
cable or electric railroad across ID and
make new city on these hills His
secretary at once looked into the pur.
chase, but he found that the land had
such questionable titles that IL would
take several years to stuighicn them
out. Before proceeding farther he went
to the senator and Stanford told him to
give the matter up Said he: II am
too old a-lan 10 begin To fight real
estate suits and do not need the money
that this investment might bring me. /
guess YOU had better let It 20" And
SO Il went Had he bought II h would
now form a big part OF his estate.
Tue largest real estate syndicate in
Washington today is known US the
California syndicate. II Is made UP OF
the sharon estate, Senator Steward
and Others, and II has already put mill
ions into Us purchases and their dcvel.
opmeni. II owns hundreds upon
hundreds OF acres Of land which viii
probably be divided mp into lots this
spring, and il has one OF the finest
electric railroads Of the country. II has
lot years been buying and buying and
not selling, and when It's property is
thrown ON the market there will be a
great rush Tor H..
The same men who are connected
with Il were among the fnt 10 buy the
property about Dupont Circle, which
twenty'odd years ago was sold for a
lew cents foot, but which you cannot
now get unless you carpet Il with green.
backs. Senator Stewart still owns the
big palace there, which is occupied by
the Chinese legation. and the ground h
nov covered IN every direction with
buildings which have cost fortunes
Within a stones throw Of Blaine's is the
house Of Senator Hearst's widow,
which with It's interior furnishings Is said
to have cost more than quarter Of a
million dollars Ex-senator Sawyer's
brown'sione mansion cost more than
500, coo and the new house which Levi
4, Letter is building stands upon ground
for which he paid 10000 Mrs. Sunset
Cox owns house In this vicinity which
Is worth about $4,000. and one OF the
greenstone mansions which looks out
upon Dupont Circle was bought by Sun.