The morning times., 1896-11-30
Rumored That Law School Will
Be Under Cleveland's Charge.
REJOICING AT UNIVERSITY
Students and Faculty Pleased With
the News That the President VIII
Make His Home Among Them
Private Fortune Of the Chief
Executive.

that he will make his home there after
he retires from the Presidential chair next
March has been received with JOY by
every one in Princeton, and particularly
by the faculty and students of the uni
yersity, who have the idea that the Presi-
dent intends to identify himself with Prince
tons great institution.
He is, Sc tho runor goes, to become
dean OF the Princeton Law School, When
the project Of becoming dean of Prince
ton Law School was broached to him he
regarded it favorably. Mrs. Cleveland,
too, thought well OF the pro ject.
Then, too, She looked upon it as the
most dignfied position an ex-President
could possibly occupy. Besides. the re
was precedent for it, ex-Prcsident Har-
rison having occupied similar position
with the Leland Stanford University in
California.
The purchase of another house by the
President, making three in all, recalls
the recent speculation as to the size Of
his fortune.
Men who handle money and possess the
facilities for estimating wealth, long ago
agreed that the President is worth 81 ,OO0.-
900, and he has even been rated at S2,-
100000.
The bulk OF his fortune all of which has
been acquired through wise Investments
during the last twelve years, is believed
| to be in securities in railway and other
enterprises
His real estate holdings are said to he
valued at least at 100000. This does not
| include his interest in q great tract Of
unimproved Long Island land which was
recently purchased by syndicate headed
by William Q. Whitney.
| OWNS GOOD STOCK.
The President is also credited with
holding big block OF Metropolitan Trac-
! tion Company securities along with Sec
| retary Lamont, and Wall street men have
| heard n great deal recently Of his interest
In one or two industrial stocks, out of
| which he is said to have made a snug sum.
This does not mean that the President
| has any Interest in speculative stocks,
because. according to report, he owns the
| stock outright Just as an ordinary in
| yeStor would buy a desirable security.
When the President practiced law in
| Buffalo prior to his election as governor
he enjoyed, in connection with Wilson s.
Bissell recently a member OF Mr. Clevc-
lands Cabinet, a lucrative practice. His
private fortune when he became governor
fourteen years ago was estimated at $685.
900.
When he was elected to the Presidency
two years later he was worth about the
same amount.
At tie end of his first term financial
experts figured him as being worth
$2Bo 900. One-half of this sum represent
ed his savings from the 5000 900 that<he
government paid him for his four years
Of service. The other 81 %, 900 represented
fortunate investments in real estate and
railway stocks.
Nr. Cleveland's practice during the four
years that elapsed between his first and
second terms as President netted him
S5u, 900 year, from which he saved at
least S25, 900 a year.
Ii WAS during his career as a private
citizen that the President became in
terestcG in Investments, and it is said
that since he became President he has
not become Interested in a single new
enterprise. All his present holdings rep
resent investments made by him while
lie was practicing law, excepting, Of
course, his purchase OF real estate in
Washington, Long Island and New Jersey.
The President is credited with having
saved 500 900 Of his four years salary
at $50 900 year, which he is now draw
Ing
,Hat he will retire to private life well
equipped in q financial sense is beyond
question. The assurance is given by one
of his former legal associates that
he will not again become a member of the
firm of which he was 4 member four years
ago.
MRS. CLEVELAND'S CHOICE.
The selection of Princeton as their per-
mancnt home by the Clevclands is due to
several things, the most potent being Mrs.
Cieveland's influence. She and the Prcsi- |
dent We're delighted with the old town and
everything connected with it on their
recent visit there during the celebration
of the university. For the university |
itself Mr.. Cleveland has a special love,
due TO the fact that his father was edu- |
Gated there for the Presbyterian ministry. |
Mrs. Cleveland was attracted by the |
quiet and independent home life of the |
town, by its healthfulness and its CON |
venicncc to New York. She WAS also in
fluenced by the attractions of a university |
society, and concluded that the town was
an ideal place for a home. Mr. Cleveland
had a similar opinion and al once began TO
look for suitable residence.
The house is built OF stone, with a
layer OF cement on the outside, lined
10 represent stone blocks. II is two stories |
in front, with a peaked roof, and is
about 60 feet front by 100 deer. There
is an extension somewhat narrower, and |
back of that is the kitchen.
In the front is large pillared, colonial |
porch. Another porch is on the left side |
of the house, and third is on the
right side. The porch on the east side |
is inciosed in glass, and has been used |
for a conservatory.
About 200 feet from the house is the |
stable, with accommodations for six horses. |
To the left of the stable Is a frame two |
story coachman's house. |
There are about five acres in the whole |
property. The front part is lawn dot |
ted by large pine trees, while back of |
the house is an orchard. The whole is |
inclosed with an iron fence, and inside |
of this is well-trimmed box hedge. The |
house is in fair condition, but it is said |
Mr.. Cleveland will have it thoroughly |
overhauled. 1t was built in 1854 by Com |
modore Stockton.
HIS NEIGHBORS.
Mr. C!eveland's nearest ncighbors viii |
be Col. Stockton, a descendant of the |
commodore; Prof Scott of Princeton,
Prof. Sloane, F. c. Conovcr, Mrs Blake |
and Mrs. Garrett, of the Baltimore Garrett |
family.
The President at the present time has |
three fine residences. One is at Woodley, |
a short distance from Washington. Another
is his summer home at BuzZard's Bay, Mass
The third is the new purchase at Princeton |
The tOwnsfolk at Princeton ami the |
undergraduates will receive Mr.. and Mrs. |
Cleveland with great enthusiasm when they
move to this new home. 1t is thought |
that Mr.. Cleveland will be made q trustee
of the university
The Presidents Washington house is
known as WOodiey.
The Buzzara's BAY house was purchased
by Mr. Cleveland in 1890. 1t was the
Tudor Haven Cottage, but was renamed
by the President Gray Gables He spent
between $4,000 and $4,000 in fitting
it up and improving it. 1t Is rather low,
rambling cottage with many gables and
is situated on the east side of the big
bay and about two miles from Joe" JEFF
ferson's cottage.
AN About Small Dog.
A small dog caused considerable trouble
yesterday between Edward Clnking and j.