The evening tribune. (Pawtucket, R.I.) 189?-190?, 1896-12-04

Furniture ................''''''..''' o'oO
Real estate and personal property. 42sOO
Stocks and bonds. ds.............,......... Woooo
The Cleveland fortune. ,02sOOO
President Cleveland, when he retires
from Office on the 4th of next March,
will be the richest president that ever
left the executive mansion. He will
carry an ample fortune with him into
private life, all of which has been ac-
cumulated during the past IL years.
Mr.. Cleveland has made the Office of
president "pey" in way that would
open the eyes of most of his predeces-
sors. Although many presidents have
lived much more simply and inexpen-
sively than Mr.. Cleveland, they had
practically little or nothing when they
retired to private life. The reason for
this is that up to the second term of
General Grant the salary OF the presi-
dent was only $25, 900 year, and the
president was obliged to pay many ex-
penses of the White House that are now
charged to the cost Of its maintenance
by the government.
When congress raised the presidents
salary to $50, 900, it for the first time
became possible for president to save
q respectable sum during his term Of
office, if not indeed to take away with
him a snug little fortune for his old age.
General Grant spent all Of his salary
during his first term of Office. He had
large and expensive family and enter
tanned freely, and when the end Of the
year came around there was nothing
left of the $25, O0dlA year paid him by
the government. During his second
term. however, he enjoyed q salary Of
$50, 900.
The presidents pay had been raised
as part Of the salary grab, and this
brought into Washington life an era Of
extravaganza that affected the Grants
like most Washington families, and the
expenses of the White House were raised
to the limit. General Grant did not
carry 800, 900 with him into private
life, and he endeavored to enrich him
self by going into the business that
ruined him.
President Hayes is supposed to have
saved more from his salary than any
president previous to Mr. Cleveland. He
lived with great economy and enter
tanned sparingly, furnished no wine to
his guests, and yet is not believed to
have saved much over $l25, 600 during
his four years Of Office.
Arthur squandered his salary as fast
as he got it, and with lavish entertain
ments, expensive wines, choice flowers,
rare dishes aud other elements Of high
living set pace in extravaganza that
astonished the old residents Of Wash
ington. Arthur had saved little or moth
ing from his salary when his term Of
Office ended.
e Genera! Harrison was much more
Economical. He lived with much OF the
simplicity of successful Indiana law
yer, but was more liberal in his views
of entertaining than General Hayes
The necessities of his position as presi-
dent, with q considerable number of
relatives always about him, obliged him
to spend at least half of his salary.
When General Harrison retired, he Is
believed to have saved about 500, 600,
and this he added to property which he
possessed before entering the White
House, making snug little fortune.
But all Of these accumulations Of re-
cent presidents fade into insigniioance
beside the fortune which Mr.. Cleveland
will take with him into private life next
March. He is generally regarded as a
millionaire by those having close
knowledge Of his affairs.
This money has been accumulated by
economical living and by judicious in
vestments
When, IL years ago next March. Mr..
Cleveland took Office as president, he did
not have $50, 000 His salary as presi-
dent for eiglfG years amounts to $40O,-
900. During the four years he was out
of Office practicing law in this oity he
earned another 81 90, 900, Of which $780,
900 was derived from his interest in the
Z firm Of Bangs. Tracy, Stetson & Mao
Veagh and the other $40, 900 from
refereeships and other outside fees.
That makes total Of $500, 900 which
he received during 10 years, or an aver
age Of nearly $4,000 per year. Mr..
Cleveland has lived economical
Everybody who has watched the scale
OF his expenses at Washington knows he
does not spend $50, 600 year. During
-four years in this city he lived at the
rate Of about 81 900 per year. Tha,
would make a total Of ei6O. 900 spen,
for eight years living expenses in the
White House and Of t4o, 900 for livins
Expenses during four years In New
York.
This would leave q clear saving q
$500. 900 during these IL years. b,
natural accumulation and judicious in
vestmept this sum, under the careful
management of Mr.. Cleveland, nov
amounts 10 over $500. ooo making hin
the richest president who ever left th
White House. not even excepting Wash
ington, who was land poor TO the da.
Of his death.
Mr.. Cievelsnd's real estate holding
ct the present time are estimated TO