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The Triumphant Life of Theodore Roosevelt edited by J. Martin Miller

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BIOGRAPHY OF HON. CHARLES W. FAIRBAxXKS 307<br />

FOUNDATION OF HIS FORTUNE<br />

<strong>The</strong> railroad business in the Hoosier State was at that<br />

period in the most favorable condition for the activities <strong>of</strong> a<br />

young railroad lawyer. <strong>The</strong>n was begun a series <strong>of</strong> railroad<br />

mergers, and Senator Fairbanks had much to do with the<br />

business. He had many important clients and earned some<br />

very large fees. His remuneration for single cases is said to<br />

have been as much as $150,000, and it may be stated positively<br />

that he earned one fee <strong>of</strong> $100,000 in connection with the<br />

reorganization <strong>of</strong> the Cincinnati, Hamilton and Dayton.<br />

Thus was provided the foundation <strong>of</strong> his fortune, a fortune <strong>by</strong><br />

no means so large as most people imagine.<br />

HIS FINANCIAL INTERESTS<br />

It is probable that Mr. Fairbanks is worth from $600,000 to<br />

$800,000. He is interested in the Spring Foundry Company,<br />

the Fairbanks Machine and Tool Company, has very<br />

pr<strong>of</strong>itable holdings in the Oliver Typewriter Works, a few<br />

building lots in Indianapolis, his modest frame dwelling in<br />

that city, some railroad shares, and a large farm in Pyatt<br />

County, near Bloomington, 111. One <strong>of</strong> the big deals in which<br />

he was recently largely interested was the sale <strong>of</strong> the<br />

Cincinnati, Hamilton and Dayton to a syndicate headed <strong>by</strong><br />

Frederick A. Prince, <strong>of</strong> Boston, which owned the Pere<br />

Marquette Railway. Mr. Fairbanks is a friend <strong>of</strong> Henry<br />

Shoemaker, who was president <strong>of</strong> the executive board <strong>of</strong> the<br />

Cincinnati, Hamilton and Dayton, and the two men had<br />

much to do with the arranging for the sale.<br />

A CONSERVATIVE BUSINESS MAN<br />

Mr. Fairbanks is, therefore, a safe, sane and conservative<br />

business man, for though his fortune does not reach the

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