El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-01-10

ing does could well be. In ten years
he was pretty we'll up in the financia
world. He had made the cattle bust
| ness success so far as he was concern
ed. aud in a EDITION to his ranches he
owned some real estate in Galveston,
Houston and elsewhere.
Then he built q railroad. 1t was not
much of railroad, but it was so much
better than nothing that he made mou-
ey out of it. This railroad was called
the Texas, Louisiana and Eastern, and
after a while it was sold to the Santa
Fe railroad and became one of the
branches of that system. Then he &C
quired bank stock and put money into
number of development schemes.
But all this time he continued to keep
his eye on the cattle.
The lazarus cattle always did thrive.
even when other cattle had bad seasons
and died, much to the disgust and
financial loss of their owners. The
Lazarus cattle always brought good
prices too, and the Lazarus cattle al
ways weighed more and looked sleeker
than their neigh bors.
In the early part of 1892 Mr.. Laz-
arus was tied up, in all sorts OF enter
prises. Suddenly, in spite of the fact
that none of them were poor ones, he
began to convert his outside holdings
into cash. And all the cash went into
cattle. There we're people who pre-
dicted that at last Lazarus was getting
on the wrong side of the fence, for the
prices of Texas cattle went down and
down and down, until people began to
wonder where the end would be.
declines, were only too willing to sell all
their cattle for almost any reasonable
price.
And still Lazarus continued to buy.
He even took more ranch room to pas
ture his extra cattle.
Some people wondered what
Lazarus meant by this kind of thing;
others, more bold, asked him.
THE price of cattle can't stay
am getting ready for the better times
that are coming. This is Texas;
and you may get Texas down
for awhile, but she will not stay
down.
Then came the panic of 1893, and
a number of people wagged their
heads when Lozarus and his cattle
were mentioned, and said, 81 told you
sou
But Lazarus did not seem to care.
He felt the pinch of the tight times
somewhat, of course; but he held to
his cattle, and eyed added to them,
And the cattle helped him along.
They not only kept well, but they
multiplied on the grass that grew on
the Texas soil that Lazarus had fenced
in for them.
Finally better times came. Lazarus
had more cattle than anybody, and he
hurry to sell. After bit the price of
cattle Egot right and then Lazarus sold.
He not only had more cattle than he
had bought, but he got better prices
for them by very large per cent
than he had paid, when every body but
Lazarus wanted to sell. The extent
of his cattle transactions may be
guessed at when it is stated that in
one year this man shipped over one
$50, 900 head of cattle.
1t was not long before Lazarus be-
gan to take back Tome of the stocks,
securities and things he had put into
cattle, and he even took on more than
be had disposed of in 1892 and 1893.
Perhaps nobody knows how much
money Sam Lazarus did make by buy
ing cattle when rybody else wanted
to sell; but any number of people are
his business associates says he made
over a million dollars: another says he
made At least two millions. A conser-
vative friend says he did not make
over 500, 900 Or $500, 900 and an even
more conservative one says half mil
lion dollars would cover the whole sum
Of his earnings on the rise in cattle. 1t
has been said of wealthy men that they
never know exactly how much they
have made or have lost on certain
deal, and perhaps that fs true of Mr..
"a N n hia 10
In the early nineties. How
ever that may be-, he keeps his own
except to say that If burglar
will find a million dollars that he made
On the deal he may have half of 1t.
81 never lost faith in Texas" said |
Mr.. Lazarus to the Sunday Republic |