Democratic Sentinel, Volume 16, Number 23, Rensselaer, Jasper County, 24 June 1892 — How Hayes Became a Millionaire. [ARTICLE]

How Hayes Became a Millionaire.

Ex-President Rutherford B. Hayes, of Ohio, was recently in Norwich, Conn., which was the home of his Burchard ancestors from whom he received his given names. He is said to have had for his mission the discovery of facts with reference to the Burchard lineage, which he has long desired to possess but could not obtain without a visit to the Nutmeg town. President Hayes has been so quiet in his life since he left the presidential office in 1880 that very few people know that he is a wealthy man and possibly even a millionaire. The uncle after whom he was named left him large tracts of real estate in the city of Toledo, which is only a short distance from Fremont, where he has always made his home, where he practiced law and where he enlisted In the United States army. The growth of Toledo had made this property worth from $300,000 to $400,000 as early as 18T6, when he entered the. white house, but it was not; an Income paying- property to any large extent until within the la**- t*n nr.

twelve j’ears. The growth of Toledo and a aeries of Improvements, including the construction of buildings for business and residence purposes, has in that time about doubled the value of the property.—Yew York Press.