Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1914-04-10
END COMES AFTER MILLIONAIRE
WAS THOUGHT TO BE OUT
OF DANGER-PNEUMO
WAS AlLMENT.
MADE VAST FORTUNE BY
BUYING TIMBER LANDS
Started Life As Poor Lad But Early
Demonstrated His Shrewd Ability
At Recognizing Money-Mak-
ing Possibilities of Mill
ing Business.

st. Paul, April 6.-Frederick Weyer
haeuser, st. Paul lumberman, one of
the wealthiest men in the world, died
at his winter home in Pasadena Cal,
after a brief illness from pneumonia.
He was 70 years old
Began AS Poor Lad.
Beginning as a poor German immi-
grant boy to pile slabs in a Rock
Island, ILL.,, sawmill at ST a day, by in
dustry and wonderful business fore
sight, Frederick Weyerhaeuser rose to
be the dominating figure in the lumber
world of the west, and leaves deep
Impress on the business life of the Mis-
sissippi valley and the Pacific coast.
Dominated Everywhere.
Dominating everywhere, but in every
field associating himself with men of
capital and brains, Mr. Weyerhaeuser's
interests were scattered through
score of states. The various Weyer-
haeuser corporations are credited with
controlling 30,000,000 acres of timber
lands, valued at about $1,500,000, 900,
but no definite estimate of the Weyer-
haeuser fortune has ever been made.
Secrecy was a business rule with him,
and the extent of his holdings can
only be estimated.
Mr.. Weyerhaeuser died lust as he
was thought to be on the road to re-
coVery Sunday noon Mr. Weyer-
haeuser's body was sent aboard linn
tied train bound for Rock Island, ILL.,,
the old home for interment beside the
body of Mrs. Weyerhaeuser, who died
In November, 1911.
Result of Cold.
Mr. Weyerhaeuser caught cold Sup
day, March %, while attending church.
On the following Wednesday his condi-
ton become so alarming that his chill
dren were sent for Three physicians
were called and remained in attend
anca day and night. They managed to
overcome recurrent sinking spells.
His sons, John p, Frederick E., Ru-
dolph NJ. and Charles A, and his
daughters, Mrs. Margaret Jewett, of
Chicago; Mrs. w. B. Hill, of Pough-
81 D. -.
Rock Island, were at the bedside at
the time.
Up to the day that he was taken i'll,
Mr. Weyerhaeuser had been giving &C.
tive attention to more important ques-
tons connected with his business, but
he had relinquished control of the
business more and more to his sons
and other business associates of late
years, and had been spending nearly
all his time in Pasadena since the
death of Mrs. Weyerhaeuser.
Sons Active in Affairs.
Mr.. Weyerhaeuser's four sons all
are actively engaged in the business
In Minnesota. John P. Weyerhaeuser
and Frederick E Weyerhaeuser, of st.
Paul, Charles a. Weyerhaeuser, of Lit
lie Falls, and Rudolph NJ. Weyerhaeus-
ar, of Cloquet, all are interested in the
various companies. The headquarters
IF the syndicate are in St. Paul. but
Weyerhaeuser & Co., the corporation
nader which the Offices are maintained
| IL, st. Paul, is not a holding company
aid has no relation directly with any
of the numerous manufacturing and
| timber owning concerns. It is re-
ali lumber company owning nine
yards in as many southern Minnesota
! towns.
The secret Of the Weyerhaeuser for
tune. lumbermen say, was in his far
seeing faith in the possibilities of tim
Der laads as an investment. He never
paid high prices for timber lands, but
bought where there were no logging
operation at the time and where the
timbe. could be had for almost nomi-
nal prices, holding it patiently until
the country developed and a demand
arose sor it. Then he would, as rule,
build mills and market the lumber.
From his earliest operations he bought
timber as fast he could raise the
capital for it.
How He Lost Money.
Associates say he once was asked
the question: What do you think Of
timber lands as an Investments"
WELL" he replied, Il have lost lots
Of money on timber lands, lots Of it,
but all the lands lost money on were
lands l didn't buy"
Mr.. Weyerhaeuser was proclaimed
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