The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-19
THE LEAN DAYS OF LUCKY BALDWIN

other +seL and tried TO obtain eonIfoi
- = r,,sio4it1- Of the stock and levy an an
conceded assessmeDt. which was tiiSN
a favorite way of freezing out seoS n.
holders Baldwin was too slHalt
tbe71 however. and quietly dlspOseu - ~
the stock at the top OF the MAJ ~ - go
profit on the deal being ABOUT '1.r,-,o
The deal however. worked ia
with the Bank of California ~ -
stock fell rapidly after thae- 1.i5
bank went under on the oeCilile -
win then was in New AoIh DuS - I'm
eminent bonds for investment ana 80 en-
rad q ba1.r7ce of something more Inai
- coo 600 ON deposit there, Dut rs
DronDtIv returned TO California allI'
bv means which were more % IN
forcibIe succeeded in recovering az
bur 5000 Of the money AIteI 10
he turned his attention eXciusltSIy -
real estate and never again uaoDl7A III
mining stock. .-...-.
His first big investment in reai e q ,5
was so 900 acres of land IN tile Gan -
briel valley, about twenty ihieS9 80
Los Angeles. which Re bought Tor e4lV'-
ana and upon which he spent an enor-
nous amount of money he chrlsIei-SO
it the Santa Anita ranch. Inc pFopSs-
tv is conceded to be the most Deau1iI "
and fertile in the state on one SUI ~.
the mountains tower 5000 feet aDoNe u
and on the other about half thdI az
tude. BaldWin's residence was at 'ite
foot of Wilson'S peak and III a par
skirted by an artificial lake IheIe ls
a diversity of soil that adapts the place
TO almost every kind OF agrlcu. vi =
while the climate is beautiful. IL is
watered by 100 natural springs score
of artesian wells and three mountain III
streams. which are piped a distance o.
three miles. so that there is a never
failing water supply at all times OF the
year. Fully s., 500, coo has been spent or
improvements, and at his death tne
only mortgage was one OF 81. 500 900 held
on the whole estate of $40, 100000 by the
Hibernian bank Of san Francisco.
1t was not until 1874 that he became
interested in thoroughbred horses
purchasing in that year Grinstead sano
Rutherford as the nucleus OF q stuu
farm. and In the next year buying a
number OF yearling FLIES from Ken
lucky. one of them, Clara D, winning
in her first race all he had paid for the
bunch. After that Baldwin became q
regular breeder and buyer of ffllies-
Baldwin was always fortunate with
| his stable. both from the breeding dno
racing standpoint. He won the Ameri-
can Derby four times with Emperor OF
Norfolk. Silver Cloud NOlante ana Rt9
FL Santa Anita: while GaTymede
Molly McCaTty and Grismer made q
good deal of money for him. His great
est winning was $4,000, which he WOE
when Molly McCarty won the Wesi
Side cup in Chicago in 1879, on an in
vestment of less than $4,000 He raced
a good deal in the west, but on the
eastern tracks he was far from popu-
lar, and his entries were not welcomed
for any event. although no radical ac-
ton was taken against him. The chief
objection to his methods was his con-
slant appearance in the forfeit list anC
the diffiulty of obtaining the entry fees
from him. If he had a horse entered
which he thought would win. however
the forfeits were quickly paid.
In 1898 Baldwin was commonly be
Iieved to be worth at least S20,00O00O
but the big Baldwin hotel. which he
had built years before in San Francis
co. burned down with little insurance
and he lost considerable money in Other
ways He was married four times and
his matrimonial experiences were cost
ly. the sum of 81 COG, Geo being paid out
right on the occasion Of a divorce.