The Bridgeport evening farmer., 1916-07-05
HETTY GREEN HAD
 $I50,oOo,oo0, IS NEW YORK REPORT
Vast Fortune of Worlds Rich Jest Woman Was We'll
 Invested.


 in regard to the fortune of the late Hetty Green were revealed in ,confi- dence last night by a person who was very close to her in her financial op- erations al who speaks, he said, with authority.
 First-the property accumulated by her may amount to 10000, 900, end is not likely to be less than $100, ,000, 900.
 Second-with her lifelong hatred of tax gatherers, the richest woman in the world' did all, in the last six years that her ingenuity could devise, to upt the bulk of her fortune beyond ti,e reach of the inheritance tax apprais- CTS of this and other states.
 Ever since she summoned her only son, Co. F H. R. Green, from Texas. in 1910, Mrs. Green had been striving to arrange her investments in such a way as to minimize the state tolls to be gathered at her death.
 How Wealth Was Invested.
 An estimate of her wealth, classified as to the character of the investment, was made last night as follows by one of her advisers: ' New York city real estate mortgages, $36,tOO, 900 to $45, ,OOO coo.
 Industrial and mining securities, $40, ,000,0 900 to $60, 900 900.
 Railroad and bank stocks and bonds, $15, ,OOO ,00O to s25,0oo,0 900.
 Farming and other tracts, oil prop critics and realty in the Southwest, SIG. .000, 900.
 Real estate in New York, Boston, Chicago and St. Louis, $10,OO0,90O.
 NT@sk l. is said, had even made complete in ventory of the properties on account of their variety and constantly chang ing market values.
 Unknown to the public or to the average trades in Wall street, Mrs. Green had become heavily interested in the last few years in Pullman Pal ace Car, Zinc and Standard Oil securi- ties. H
 It will be found, according to those closest to her, that she had compara- lively few "cats and dogs,'' or worth less securities. In this respect her shrewdpess exceeded that of the late Russell Sage, who picked up uninten- tionally, quite lot ipf that soft in shis long career. Mrs Green, though she failed in her most cherished ann bition of making her son richer than Rockefeller" followed closely the plan of the oil man in dealing only in gilt edged securities. Nothing paying less than per cent. had any attrac- tion for her .and much of her proper ty yielded as high as 10 per cent.
 In the last few years she had be- come alnostj fascinated, her business associates say, by the realty bond and mortgage market. and she put prac- tically all her surplus, capital into mortgages, chiefly in Manhattan. She has loaned in sums of about $500, ,000 on scores of fine modern buildings in Fifth avenue and Broadway, from Twenty-third to Fifty-ninth streets.
 Much of this money has been put out in names other than her own. Her son holds some of these mortgages and the Westminster Go. holds oth- CTS, it is said. This company was or ganized recently to handle some of Mrs. Greens investments.
 Considered Chain of Banks.
 Mrs. Green. had debated establish ing a string of banks throughout the county to handle her liquid capital, but she became afraid of the respon- sibility involved, especially as it meant delegating her power and re- sponsibility to others. Up to her last hour of capacity for business she in- sisted on moving her own affairs at the closest range.
 One of the big industrial securities Mrs Green seldom. if ever, dealt in, was United States Steel Corporation stock. Several years ago Andrew Carnegie advised the public against Especulating in steel common, and she took his advice seriously.
 In the past decade Mrs. Greens for tune had grown so that, she had to keep. reinvesting in order to prevent the accumulation of great sums of idle cash in the banks and trust compan- ies She then adopted the plan of ''spreading the salad thin'-that is. she limited her dealings in any one line of securities, so as not to get caught in any heavy slump in the market.
 She relied, in her specu1ations, en- tirely on her own intuition. rejecting all counsel, no matter how plausible the tips seemed to be or how infiuen- tiaI their sourSe. To press market F tip on her provoked her. She had only one rule in her speculatiops--the rule, she saids of the Rothschils of London and Paris. This was to buy a good stock heavily iwhenevef ft sud denly declined markedly in value without just cause.
 She came into possession in the '9O's, Aof the G. w. Gage tract in Chicago, on which she had foreclosed loan of $100,00O. Soon afterward the property was valued at $1,000,00 and it has been rising ever since. She owned in 1911 more than 20 pieces of property in St. Louis. As long ago as 1899, she began transferring property to her son.. Il | was said in that year she feared the passage of a federal income tax bill I Rolled Forger's Scheme.
 Among her Chicago holdings was g tract west of Western avenue, ex tending from, Fifty-ninth to Sixty third streets. A rogue tried to swim de her on forged deeds, but she bea his scheme.
 l Among her New York investment. was a $275,000 mortgage on propert, owned by w. R. Hearst, on the soutf side of Columbus Circle. When hs went to pay off the mortgage she de