The Detroit times., 1911-02-13
TO Be RICH YOU
must HAVE BILLION
So Says Henry F.. Lippitt, Who Will
Succeed Aldrich in United
States Senate.
PROVIDENCE, r. l., Feb. 49,
When is a man rich?

PROVIDENCE, r. l., Feb. lS.--
When is a man rich?
Do you know?
Is he rich man II he owns hun
dred thousand or must he have mil.
lion?
Go ask Henry F. Lippitt, chosen TO
succeed Nelse Aldrich In the senate.
You are supposed to know before
you go that Henry Is rated at some
thing like $l5,000.000, shd so you
start this way:
"Lppitt, you are very rich man.
and"
Hold up" says Lippitt. Guess
again. I'm not a rich man. I've only
got dozen million dollars or so, and
that doesn't make me rich. Now,
when a man gets TO own half billion
you can begin to call him rich man
and not before. See the point?"
But you don't see-you're too busy
catching your breath.
It's almost two years since this
Croesus from Rhode Island went 10
Washington with important and i'm
Derative orders for the United States
senate. The orders consisted or the
cotton schedule, which the cotton
manufacturers OF New England
had decided should go into the
Payne-Aidrich tariff bill. Lippitt and
he rest OF them drew 1t up at a club
luncheon and Lippitt carried IL TO
Aldrich and Smoot.
or course II went in.
This Henry +. Lippitt, who on
March takes the senate seat Of Al
rich, is rather an interesting citizen.
He is said TO be one OF the fiossiest
yachtmen who ever sang out ship
ahoy!' He is petted member Of
most of rke fashionable yacht clubs
Of the few members OF the swell New
York club who know the difference be-
tween balloon jib and mainsail.
Also he Is one of the rich cotton
manufacturers of the Fall River dis
trict who know best how to get the
biggest dividends.
He doesn't represent the interests,
he is one of them. He practically
dominates the Arkwright club, and
the Arkwright club in turn dominates
the American cotton mills outside of
the south About half dozen fam
lilies control three-fourths OF the cot
ton spindles of New England, and the
bulk of cotton mills In America are
s..fi New ENGLAND. sA'''----
These families have tens OF thou
sands OF employees and they pay an
average wage of $3.50 per week per
employe.
Lippitt Is certainly great tariff
expert. He knows all about cotton
duties from A to z and back again,
and what they should be--to give the
members of the Arwwright club the
best opportunities TO become rich
men-half billionaires.
The new Rhode Island senator was
oorn In October, 1856. He was grad
pated from Brown university ut twen-
ty-two, and started to work in one OF
mis- fathers cotton mills. Besides be-
Ing the king-pin of the New England
cotton manufacturers, Lippitt is close
ly connected with the banking inter
ests Of Rhode Island.
He gets his biggest enjoyment out
OF life by raising apples on his farm.
His apples have a reputation which
spreads from one end Of the state to
the other.
most as much so as OF his family
tree. the American branch OF which
oates back TO 1888. when John Lippitt
followed Roger Williams to the Provi-
dence plantations. John was thrifty,
and early acquired the habit OF get
ting and holding" Some OF the lots
he staked of now comprise some OF
the most valuable residential proper
ty in Providence.
The Lippitts have not been rolling
stones. Henry now lives on the land
which was included In the home lot
CT the original John Lippitt. Like