Rensselaer Republican, Volume 22, Number 23, Rensselaer, Jasper County, 6 February 1890 — The Old Man’s Foresight. [ARTICLE]

The Old Man’s Foresight.

The money which John Jacob Astor gained in trade he wisely invested in real estate in New York city, foreseeing, as few of his contemporaries foresaw, its future greatness. Transmitting to bis 6on, William B. Astor, not only the fruits of his toil, but the wisdom that be had acquired by experience, he enabled him to continue the work he had begun with almost equal success. His grandchildren have gone on in the same path, investing their surplus income in new purchases of land and in erecting buildings upon that wb ch they already had until they have become the largest owners of .real estate in New York city. They have so many houses and stores to rent th:it they prefer taking low prices from go<id tenants to running the risk which small owners are ready to encounter to obtain a little larger income. It is. tM re fore, really more advantageous To, a merchant to hire his dwell ng and bis place ol business Irom the Astors than from any one else, an 1 -hoi-Mr for him than to own the t*vpo.'*.y himself.