The Washington herald., 1908-02-16

When any difficult task Of harmonizing
is needed to be done, Crane is the man
/ the Senate leaders put on the JOB.
Sources of Their wealth.
If We look into the sources of the
wealth of these statesmen of vasl pos
! sessions We may get some light which
viii help explain the status in Congress
/ OF the ones older In service, and enable
us TO guess at what may be expected OF
/ the millionaire recruits. It goes with
out saying, Of course. that simply be-
| cause a man has made much money. il
| does not follow he has the making of "a
Webster. a Clay. or a Calhoun. Yet. ex-
/ cept in some rare instances of fortunate
chance the making of money requires
/ qualities which are needed in the public
service.
/ Simon Guggenheim is the richest and
/ one of the youngest Senators Isaac
/ Stephenson is next 10 the richest and
one of the oldest men ia the Senate.
/ lGuggenheim's fortune, as is well known,
came from the smelling trust. The plac-
/ ing of his wealth here at $50 000,0O0 IS the
result OF compromise The estimates run
all the way from $2oo00,09O to slo00Q010
/ Best Informed opinion places it between
$5000,000 and $75.0O9Co0. The Guggen-
helms father ami sons. practically con-
( irol the smelling business. The great
/ bulk Of the rebellious ores of the United
States and Mexico and much of that
which comes out OF the African Rand
must pass through their sntelters II is
a business in which large money IS made
and made fast. and it would be hard for
the Guggenheims themselves 10 say what
they are worth Much of the earnings
from the smelters has been reinvested
In mines, and these have increased
/ enormously in value It is hardly prob
| able that men engaged In the smelling
OF ores would invest in poor mines They
know moro about mines and their value
than any other men possibly could know
stephenson 81 Lumber King.
Stephenson is a lumber king. He had
nothing TO start on and has wrung sis
millions from the forests through his
own tremendous energy and industry
coupled with splendid foresight and keen
business ability. As boy he was too
poor to wear shoes even in winter. As
Senator he is rated at thirty millions
and how much more he is worth no man
knows. not even Stephenson. His vast
tracts of forest are increasing in value
in leaps and bounds. .5hylock never made
his gold earn gold as Stephenson's for
est investments are earning money for
him. He is a modest old gentleman. has
simple tastes, and doesn't fancy paving
exorbitant prices for the uxuries of life
When he arrived in Washington for the
opening of the session lie put IN with
his family, at the Capitals best hotel. A
few weeks later he was making inquiry
among his colleagues for good board
ing house. Asked If he were not comfort
ably domiciled at the fashionable hostel
ry, he answered that things were very
nice there, but that the charges
were higher than he could stand. This
from man with thirty millions! It
would seem. therefore. that thrift must
be added to Stephenson's other qualities
in accounting for his millions; and thrift.
rightly applied, is d thing much needed
at Washington.
Senator Elkins' wealth has been dug
from mines, railroads, farms, and banks
He married a daughter of Henry Gassa-
way Davis, who was the candidate for
Vice President on the ticket with Judge
Parker, and that helped some. Davis.
by a long life of thrift and industry had
accumulated a few millions. FIkips
planted some of this us seed. and then
II was a case of watch the millions
grow Davis and Elkins haze a hand in
about everything in West Virginia out of
Nhich money is TO be got and their in
terests have overflowed the boundaries
Of the war-born State.
Kean Inherited His Fortune.
Senator Kean. of New Jersey. bachelor
and clubman, inherited half dozer or
more millions and the "unearned incre-
ment has greatly added to his store.
kean. now, is an entirely different type
from Elkins. Elkins likes TO make money.
To him life has no joy that equals the
getting together Of dollars Not that he
is miserly He spends money freely. but
there always is a wide margin between
outgo and income. II the working people
of the country lived as we'll within their
incomes as Elkins always has, poverty
would soon be banished from the land
kean likes to spend money. but especially
he likes TO have it. That is he likes to
keep what he has, for ne had to start
with all there was a possibility he would
ever need. So he is content 20 sit back
and enjoy life and let his money work
for him, without attempting to do the
Napoleon CT finance act
Senator Proctor is as stern and for
bidding in aspect as are his granite quar-
ries uD in Vermont. He made his money
in granite; that's about all there is to
tell. You can't weave much OF romance
around block Of granite. can you? Nor