Daily Kennebec journal., 1910-11-09

WEALTHY JOCKEYS.
ron oates Left 100000 and Fred
Archer Died Worth s350,ooo'

The cables nave alTcdis
tho death of Tom Loatts, the famous
siockey, and the fact that he ieit an
;rnosinr fortune Of $l.oO0,0o", Dul
these details, which did not go III thc
dispatches, are quite Interesting
Never given to the cxtravagancc
which characterizes 50 many Joches >,
and earning large sums year alt'i
wear for a considerable period, loate5
nrohablv would have left d good deai
OF money in any case. But the secret
of his immense fortune lies in the TACT
that Leopold dc Rothschild, VINO "ds
for a number of years his chiei en-
ploycr good naturcdly selected ana
looked after his investments.
Speaking of him once to an ac-
touaintancc, Mr.. Leo" said, Yes
Loates is rich-rich," repeating the
word with significant emphasis
Some time ago the knowledge OF
what had been done for Loatek led
professional backcr and commissioner
to presume on the fimsicst possible
acquaintance with Il member OF lhe
house of Rothschild to approach hlm
on the investment Of come winnings
He met with d crushing rcbuke. Well
You know" said the great 1inancltr'
there is the postoflicc. 1t is quite
safe"
I.Gates lived until recently at New
market unmarried, very quietly. ana
he committed himself to few expenses.
But his economy was not of the same
rigid kind as that practiced by sue
cessful contemporary. This jockey,
so the story runs though earning
thousands of pounds a year, lived In
apartments at an inclusive charge OF
Isl per week After some time his
landiady came to the conclusion that
on these terms he was not exactly a
paying" guest, and intimatcd as
much to him, saving she must put thf
charge up to $40. If YOU do he re-
piled, Il shall leave"
Tom Loatcs's brother sam. who fol-
lowed him into retirement SO far as
riding went, set UP as an owner
trainer at Newmarket and is still so
engaged, q happy married man, li"ing
an active life; but Tom found no at
traction either in matrmony or the
training or owning of horses. About
two years ago he had a long and Sc
we're illness. lying for many days on
the brink of death. During this ILL
ness the little man, so neat and natty
when in health and keeping clean
ShaVcn 2 somewhat round face, grew
a beard as long as Rip Van Wrinkles
was on returning from the mountain
after his 20 years sleep.
Once Loates narrowly escaped q
violent death through a mare called
Birch Rod. belonging to the late Lord
Derby, falling on him in the race for
the Liverpool Cup, and causing him
severe injuries. Another time he
was badly knocked about in a fall at
Manchester. After his illness Loates
married his nurse, and there is much
speculation among, racing people as to
how ne has dealt with the money
The renowned Fred Archer left d
fortune Of about $350,000 He was {;
widOwcr with one child, I, daughter,
who inherited the whole OF the money.
which was looked after BY trustees
during her minority. Archer ut one
time boaSted greater riches than he
left behind. but he was rather un-
fortunate in his betting in his last
season. He backed his Cambridge
shire mount in that ycar--St. Mirjn--
W "'' - i"lSt "tdhfN ana "ould nave
Won il but for excessive wasting to
ride as near As possible at the handi-
cap weight, which wasting left him i'll
and weak and prccipitatcd his tragic
end very soon after.
In those days jockeys could gamble
with lmpunity. Since then betting
has been made an ofrcnSc involving.
il they are found out, the sacrifice of
their license. Fordham. one of the
greatest jockeys Of all time, left only
$l"o0cO, but in his day the cmolu-
ments We're on smaller scale than
now.-London Cor. New York Ameri-