Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-03-03
PHILIP n JACKSON
DIES SUDDENLY IN
SANITAR.UM TO-DAY
CONTINUED from First rage.)

near Broad. and an ofice building was
btted up at the corner of Beaver and
Market streets.
The Jackson company furnished cleo
tricity Tor the first electric lights in
the city, and also furnished the first
motive power for the trolley cars IN
New Jersey.
Besides being interested in tina com
merclaI world Mr.. Jackson VAS one OIL
the most daring real estate men in TINS
city. lie was often spoken of in realty
circles as a 'plunger
His belief in the future of Newark
was strongly optim site, and in supp~rt
of 1t he bought large holdings. his
methods were unique. dis pan was to
buy property, improved or unimproVed,
in sections of the city where he be-
lieyed tnere would be growth, and hold
the property for future profit.
same Policy ns Hetty Green's.
He never improved his property and
always avoided Civ ms long leases to MS
tenants. being like Hetty Green, always
ready to buy when people wanted 10
see and to sell when people wanted TO
buy"
He never attempted TO repair his
property, and by his methods he some
times SUSTAINED losses. but most Of the
time he tenef ed.
There is no doubt but hat Mr.. Jack
son died a millionaire.
His realty holdings in Newark alone
are said to run up to that figure. He
owned considerable property in Rer-
nardsville, where he maintained an
elegant summer home, and he owned
considerable real estate in East Or
ange, South Orange, Montclair, Bloonl-
field and O little In New York city.
He owned quite a lot of bank stock
and Public Service securities. He was
the president of the Essex Land Com
pany.
Turned Cares Over to Trust Co.
To relieve himself of the necessity
of looking after his varied interests,
Mr.. Jackson, on November 4 last, as
signed to the Fidelity Trust Company
all his property, real and personal.
Since that time the trust company
managed the estate. No inventory of
the property was ever filed, but 1t is
known that his real estate here alone
exceeded $1,000, 900.
In making the assignment 90 the
Fidelity, Mr.. Jackson, who had been
on the verge of a breakdown,
acted with full knowledge and consent
of Mrs. Jackson and the other mem
bers of the family. He intended at
that time to take q trip to Europe,
but his physical condition grew worse.
and the trip was abandoned.
Always saw the Brighter Side.
Mr., jackson was always smiling.
He saw the brighter side of life and
never permitted anything to ruftie him.
HI was charitable to a fault. He was
the eldest son of e. Wolcott acKso
for many years general superintendent
of the Pennsylvania railroad. He was
an enthusiastic Princeton man, grad
uating in the class of 81. He was
foremost in Princeton athletics ana
contributed financially to Old Nassau.
Mrs. jackson was formerly Miss M,
Atlee, one of the society bellies of Phila-
delphia. There are six children. Mrs,
w. Louis Stevens, of New York; Mrs.
Thatcher Adams, jr, of New York;
Mrs. william Patton, of Lakewood; F.
Wolcott Jackson, Cd; Philip Nye jack
son, jr., and Schuyler B.. Jackson, all
of Newark.
Mr.. Jackson leaves three sisters, Mrs.
Nelson Abeel. Mrs. Margaret Stewart
and Miss Elizabeth jackson, all living
in Newark. Mrs. Stewart, who is a
widow. lives in the old Jackson man
sion, corner Of High and West Kinney
streets.
One Brother Is "a Teacher.
One brother, Oliver Jackson, is a real
estate broker. while another brother,
+. w. Jackson, is a teacher in the
German Theological Seminary in
Bloomfield. Another brother, John
Jackson, is minister to Cuba. He was
formerly connected with the German
legation, and was at n time minister
to Greece.
Mr.. Jackson's youngest daughter, but
Is years of age, was recently married
to William Agnew Patton at Lakewood,
Mr.. Patton was a widower who has
passed his sixtieth birthday.
Mr.. Jackson's body will likely be
brought to the home Of Schuyler L.
Jackson, On High street. an uncle of