Press enter after choosing selection

Mrs. Langtry's Wealth

Mrs. Langtry's Wealth image
Parent Issue
Day
20
Month
September
Year
1888
Copyright
Public Domain
OCR Text

That the Lily is wealthy everybody knows. That Mis. Langtry is as wealthy as shc is very few know. 'Fhis charming lady is a milüonaircss. Goorge Keogb, her lalo manager, sjiys that if she wen to cash in to-inorrow, on her leal estáte alone, shejwould realize somothiug in ihe neighboihood of $800,000, and tuis sha owes altogethcr to her own shrewdness in speculating. She lias no steercrs, no advisers. When she plays in a town that she sces is a thriving töwn she invests in real estáte. It doubles its value in a few years and shc holds on to it. That is the secret of her accumulation of wealth. During hervisit to Salt Lake City ia 1887 she purchased ten acres of land.paying $5,000 for it. When she rcturneJ in 1888 slie refused $8,000, a pretty gooa rise. In the latter year she hntisht soinething like 45,000 acres of land ia California, paying $80,000 for the lot. Slie bas since declined au offer of $200,000 for the property. Since her purebase a railroad bas been run through the heartof herpurcbase, henee the increasu in value. In 1883 she fancied a plot of land in Omaha and offered $3,000 for t. The owner wauted $5,000. Here was an opportuuity missed, for on her return in 1887 she was told it had just been sold for $56,000. On her recent visit to Salt Lake City all the real estáte agents combincd to do lier honor by inviting her to visit - and furnished a carriagefor the purpo?e- the desirable investments in the vicinity. ïlrs. Langtry owns a number of first mortgages in New York - somc sixty or seventy. She is prent on first mortgages. She also owns real estáte in Brooklyn, acquired after her usvial custom while she was playiug at the Brooklyn Theater, and when the opportunity for parchase presented. When she plays in a town and makes big rnoney she ís in the babit of taking a curriage, going over the territory, and if her cunning eye Hglita on a desinible property she slraightway gobbles it up. She devotes considerable time to Fred Gebhard, but she has an ej-e to business all the same. If Mrs. Potter can only do as well in the same time she will be one of Ihe lucky ones.

Article

Subjects
Old News
Ann Arbor Register