The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1907-03-21

IN the supreme court of the United
States at the time OF his election and
which his firm; Teller, Orrihood AMI
company were in charge OF when
Henry H. Teller was elected senator
That case had nothing to do with the
government, being case between in
dividual corporations engaged in the
mining business.
There is no more luminous example
OF what many men give when they
enter politics, so far as their finances
are concerned than is shown in the
case of the late senator from Massa-
chusetts, George Frisbee Hoar. When
Senator Hoar came to the senate he
was reputed to be worth 100000.
When he left the senate he was reck-
oned to be worth $4,000 less than
when he entered that body. And Sen
ator Hoar was a careful painstaking
man besides his prominent ability.
But the legitimate demands upon him
and the small salary which he re-
ceived as senator of the United States
could not stop the shrinkage of his
small fortune which was very con-
siderably less when he died than when
he went into Office.
George F. Edmunds left splendid
legal income to enter the United
States senate and when he left public
life in 1891 having resigned much as
Senator Spooner has done, to go back
to the practice of his profession he
had little or nothing to show for his
years in the upper branch of con-
gress except the honor which attaches
to that position. George F. Edmunds
since his resignation from the senate
in 1891, has earned one fee to say
nothing of countless other fees, which
brought him more money than the
salary of full term in the United
States senate.
David B. Hill, Thomas B. Reed, NJ.
c. Butler, John NJ. Thurston and
Frank Pettrigrew are others who have
served in one branch or the other
of congress, who gave up splendid in
comes to 60 into the senate of the
United States and who found that they
could not get along on the $4,000 a
year salary provided by statute. David
B. Hill, late senator from New York,
who is in Washington this week trying
a case before the supreme court of
the United States, is making more
money now than ever before and as
he says it is wholly due to his being
out of politics. Thomas B. Reed. late
speaker of the house of representa-
tives, left public life in order that he
might acquire something for his old
age. While he did not live long
enough to acquire anything near like
competency, John w. Gates, one of
the big hearted and brainy financiers
of the country handed Mrs. Reed on
the deaeth of her distinguished hus-
band $4,000 which Gates had made
out of amounts which Reed had depos-
tied with him for investment.
Thomas B. Reed with all his bigness
and his accumen, was not financier,
but he was beloved by those who knew
him and John w. Gates was one of
the number. One day Gates met Reed
and the latter told the former that
he was going out of congress because
he could not make ends meet. Then
Gates said, Tom, why don't you let
me handle your finances. You know
YOU haven't get any business in
stincts." Whereupon Speaker Reed
agreed to turn over to Gates certain
proportion of his earnings that it
might be invested by the financier in
stocks or bonds to bring an income
to the Maine statesman in his old
age or to his widow and children.
Tom Reed didn't live to enjoy the in
crement but his widow and children
received the amount of money above
alluded to because of the regard which
John w. Gates had for their distingu-
ished husband and father.
When Frank Pettigrew went out OF
the senate. be it said in all due regret,
he went out pretty nearly broke. He
had always been a good friend of
James j. Hill. the "Old Man of the
Northwest" and possibly had repre-
sented some OF Hills interests in
legal way. When he went out Mr..
Hill backed Pettigrew for certain
stocks which he told him to buy, so
the story gees. and Hill, who knows
a thing or two, told Pettigrew to sell
the stock when it reached a certain
figure. The figure was reached and
Pettigrew sold. A hundred thousand
dollars better off than when he bought.
A very short time after he received
a laconic telegram from Mr.. Hill say
ing. Don't buy any more stocks"
And Frank Pettigrew has remained
out of the market ever since.
Other examples of men who have
quit public life to find in private bust
ness recompense for their abilities
are found in Frank Vanderlip, Leslie
NJ. Shaw, r. B. Armstrong, and Milton
f. Allies. all connected with the treas
ury department. And they are doing
we'll, thank you. on the outside.
Whipping little man does your rep