The advocate., 1896-11-11
MIR. CLEVELAND'S FORTUNE.
He Is Now Wealthy, Although He was Poor
Few Years Ago.

Few Years Ago.
It is truism that no man should be
Judge in his own case. When Grover
Cleveland advocates a financial policy
based upon the British system, ne acts
as srbiter Of his own cause. Mr.. McKin
ley sees no harm in this, apparently. Mr..
Cleveland is a millionaire to-day, al
though when elected Governor OF this
State he was quite poor. He made his
money from investments. He never pro-
duced anything except platitudes. 1t is
true that stories of Mr.. ClevelRnd's pow
erty have been put in circulation, and
the New York World recently estimated
his fortune at only S250,0O0. In reality,
Mr.. Cleveland is worth over $5,0O0OO0,
all made in Wal. street. The public
acts Of this man have done more than
any influences in the land to conserve that
great property, Mr.. Clevelsnd'S means
are all in fixed investments, and the in
terests Of the owners Of fixed invest
ments are bound up in the maintenance
Of the gold standard.
These facts concerning MIR. Clevelsnd's
wealth are not unknown in Wall street.
What is known as the Presidential
clique" is a decided factor in the
street" This clique is composed Of
Francis Lynde Stetson, Mr.. CleVeland's
attorney, who has charge Of his invest
ments; August Belmont, the banker; j.
Edward Simmons, the financier, now
head Of the Clearing House Association,
and William G. Whitney. 1t is well
known that Mr.. Cleveland will not take
"fyers." He prefers permanent invest
ments, and Mr.. Whitney has managed
most of them. Mr.. Cleveland long main
tanned q bank account with the New
York Guaranty and Investment Com
psny, Of which Mr.. Whitney is a direc-
tor, and it is no secret that Mr.. Cleve.
lands holdings Of that concerns stock
reached 100000 within q recent period.
Alexander E. Orr is a director in the
same company and conspicuous bsttler
for the gold standard.
From time to time the putting up Of
Cleveland collateral has enabled the
"street" to form pretty accurate idea
Of where the Presidents fortune is in
vested. Here is a rather conservative
statement of his holdings in this city
alone:
Stock, Metropolitan Traction Co.. .....S 100000
Stock, New York Guaranty and Indem-
nlLy Co.. ....'...............'.... 1UO,VOO
Residence, Fifty-hrSt street. .......... 10000
Stock, Pennsylvania railroad. ........ 10000
Real estate mortgages on record ... 10000
Stock, Fourth National bank ......... 100000
Stock, Third Avenue Street railway. 100000
Listed securities, New York Stock Elk.
change.. ..,........................ 1UOWOO
Total. 81 $4,000
This represents only ascertsined hold
ings. 1t is an open secret that Whit
ney's influence has interested the Presi-
dent in Brooklyn gas. The Standard
Oil Company is understood to have been
behind the consolidation of Brooklyn gas
companies. Mr.. Whitney's intimate con-
nection with the Standard Oil Company
enabled him to advise the President very
effectively; with the result that he has
added million to his fortune within the
past four years from that source alone.
But Mr.. Clevelsnd's interests outside Of
New York have equslled, il not exceeded,
his holdings Of corporation securities
within tha CITY Ha hna q nnndlv block