Rensselaer Union, Volume 7, Number 18, Rensselaer, Jasper County, 21 January 1875 — A Man Who Wasn’t Elated Over Becoming a Millionaire. [ARTICLE]

A Man Who Wasn’t Elated Over Becoming a Millionaire.

We stated yesterday, on the authority of a street rumor, that an uncle of Michael Hogan, of West Troy, died recently in Pennsylvania, leaving coal lands valued at $5,000,000, to a portion of which Michael is heir. The rumor was correct. Forty years ago Michael Hogan, then twenty-one years of age, and an uncle, the only survivors of a onee numerous family, came to this country and adopted it as their own. Michael, a hard-working, industrious young man, Anally took up his residence in West Troy. The uncle went to Pottsville, Pa., or that vicinity, and, after laboring a number of years, purchased with his earnings a large tract of land. Michael also saved money, and in the course of time laid by enough to start himself in the grocery business, in which it can be truthfully said he has prospered. The venture of his uncle turned out to be a most profitable one. The lands purchased by him were found to contain abundance of coal, and by judicious management he gradually increased his earthly store until at the time of his death, which occurred a few days ago, he was worth about $5,000,000. Last week Michael received information from an attorney that his uncle, with whom he had not communicated for sixteen years, had died, and that he was his only surviving heir. Michael was not at all elated at this announcement, and appeared ratli|r sorry in fact that such good fortune had come to him. He was getting old, he said, and would not want so much money; besides, he had enough for himself, wile and daughter, and the possession of the immense amount mentioned above would only bring trouble and disgrace upon his family eventually, as young people nowadays did not know how to spend money. —Troy (AT. T.) Times.