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Whence Came All This Wealth?

Whence Came All This Wealth? image
Parent Issue
Day
17
Month
March
Year
1876
Copyright
Public Domain
OCR Text

Grant entered the public service in 1861 as a colonel of infantry, too poor to pay for bis uniform. Accident, a kind of bull-dog tenacity of character, and a vigorous pnshing by the notoricms "Galena ring," advanccd him to the highest military rank; nevertheless, at the time of his clection to the presidoucy, Grant could not havo boon called a man of wealth. Perhaps the most valuable part of his wordly possessions consisted in the presenta of houses, bonds, horses anti bnll-pups, which he reeeived from giishing admiréis huving moro money than wisdom, liut aince his elcction to the presidoncy in 1868, Orant has bpeoine inimousily ricli. He has built long rows of ftnna houses in V ishington. He is the pOMessoi of bouds and shares of every " payiug " description ífl etensive amounte. He is an owner of real estáte af great valué in half a dozen different citaes. His worldly possessions aro matad by persons who claim to be well immed at notless than three mülion of Witton a period of eight years, tuis' man, the head of a partisan administratie u ? 3 national government, on the ba118 business, has risen from a conditio.n J comparative impeciiniosity to be Lxc rival of the greatest nioney-kings on the continent. , "' , No president of the United Siates has ever growö rich npon the legal compensation of the presidential office. It has been said1 that no -president has ever been able to save anything from lus salary- eaying, however, which is not true; f of Mr. Lincoln, in a httle over four years, sated over $70,000, and Mr. Johnson laid up about $60,000 during his term of a httle lew than four years. During his second term, Mr. Grant has received doublé the compensation ever given to any other American president. Supposing him to have been as economical m hi personal affaire aa Mr. ijincoln was, he may have saved uponhis salary to the preaent time somettung over $200,000, which representa but a small part of an estáte said to amount to thrce

Article

Subjects
Old News
Michigan Argus