Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1922-01-26
1850 Left Great Fortune.

.,,n, Boies Penrose, OF Pennsyl-
carried with him to the grave
,. .scre, Of how much money he was
WIZ rS;. &c the impression of friends and
-, employees. After matching
.-;o,s Of his wealth, they estimate
OP .,a,. runs between 100000 and
100000. A p.,,os.
Tbey belittle reports the Penrose
' ~" might amount to S2o,ooo,Ooo.
n' n;.royery of s226,lOo in "cold cash"
20 70 the Senator in a safe de-
~. boy in, Washington trust CON-
.. does not excite them. They say
r p.,,ose whenever possible always
s.nsIed cash, disliking to make out
checks 90, e,,rce street
,,;I.ielphia, from which he was ouri-
As senator, it was declared, had
'1' .ci.I vault built several years ago.
r,;snds say they will not be surpris-
na large sum of money in bank
~. has not already been found by
, Nv senator's three brothers, DR..
wi. p Penrose, Richard A. Pen
w.. r.. and Spencer Penrose, who are
.bs executors under the will.
W penrOses's penchant for having
.,..1y money" around was so strong
.b,t he habitually carried from S2,ooo
~ $1,000 on his person daily Inc
hills Of denominations running from
,wsn,ies to hundreds, were kept IN a
small leather bill case, buttoned in a
trousers hip pocket.
out Of the maze of rumors arising
I'VE, the dead Republican chieftains
wealth stands forth the fact that he
,Nrs handled his financial affairs.
uis innumerable secretaries and un-
..-.secretaries were familiar with his
s.,atorial and political transactions.
But on the finances Senator Pen
-,se drew curtain. When he visited
,be Washington Trust Company to
men the safe deposit box, his COM
rarons waited in motor car or in
tho institution, while he alone went
n the vault and performed his er-
rand. /
penrose trusted only one man in
making out his income tax report. He
was W. H. Clark, president of the
Quaker City National Bank, Phila-
delphia, who died a year ago.
The estate of Senator Penrose, it
is gossped, is comprised principally
Of money he received from the hold
mrs of his father, Richard A. F. Pen
rose, who died in 1908, and from stock
he owned in Utah Copper, in Colorado,
in which he and his brother Spencer
had large interests.
The father of Senator Penrose accu-
INFLATED large sums through Specula-
tisn in real estate in the Chelsea sec
ton Of Atlantic City. When the New
Jersey resort was first blooming, Rich
ard A. F. Penrose invested thousands
Of dollars in land. At one time he
ranked ameng the largest holders of
realty in Chelsea, where are the cot
tages and SUMMER homes of many
monied Philadelphia families.
About year ago, when the site for
the Hotel Ambassador was acquired in
Atlantic City, land Richard A. F. Pen
rose bought for trife sold for 81 200
a front foot.
Senator PenroSe, bachelor, was
not misery in living OF maintaining
MS Offices in Washington and Phila-
dslphla, although he never could be
Caalogued as big spender."
he made no provision for his staff
oi secretaries, agents and domestics.
VI II he did, they have not heard of
it,
1t cost Penrose 100000 year to
ilVe' His suite of rooms on the TOP
MOOT OF the Warden Park Inn, Wash
Ins'On' where he died New Years Eve,
''oucea the Senator's bankrol by $3.50
month.
nc mad TO pay Leighton C. Taylor
MS private secretary; Samuel Dunbar
us Philadelphia secretary; H. B. Mes.
Wv press agent and performer of
I" quiet missions; a nurse, two
.ap :, servants two housekeepers, two
,ns NS anu a Tet'nue of stenographers
calcium. '''o '''
'"e eHdmo,S is BECOMING rore =; .ha