Democratic Sentinel, Volume 17, Number 6, Rensselaer, Jasper County, 24 February 1893 — MICHIGAN’S RICH SENATOR [ARTICLE+ILLUSTRATION]

MICHIGAN’S RICH SENATOR

Mr. Stockbridge Slade His Millions In linmber, Bat He Likes Horses. Senator Francis B. Stockbridge, who received a re-election for a second term at the hands of the

Michigan Legislature, is a millionaire,, but it is said he came by his money honestly. Senator Stockbridge made his money in pine, "and his farmer proclivities have all developed in late years. He was born in

Maine, and in 1847, at the age of 21, came West with SIO,OOO in his pockets, given him by his father as a start in life. He formed a partnership with a man named Carter, who had a sawmill in Saugatuck, and located in Chicago to look after the business end of the lumbering operations. In 1851 he bought Carter out and took personal command ol the mill. He invested all his spare cash in pine lands and when the boom came in the seventies his holdings made him a millionaire in short order. He himself admits that in 1861 his assets would not aggregate $25,000, but from the war prices for lumber, followed by the boom in lands, very rapidly rolled up his bank account. He. is still actively engaged in lumbering, but does not give that close personal attention to the details he once did. He is largely interested in a stock farm near Kalamazoo, and many of the products ol his stable rahk high in speeding circles. He is a first-class judge ol horse flesh and always has a stable ol flyers in Washington. He once owned Bell Boy, buying him for $5,000. The horse won $6,500 in purses the same season,' and before the close of the year was sold for $30,000. Before a second year had passed the horse was sold twice more, once at auction foi $41,000, and the second, time for $52,000, and his new owner had hardly come into possession before the horse burned to death in his stable.

F. B. STOCKBRIDGE.