THE RATE AT WHICH NEW YORK POLITICIANS GROW WEALTHY.

Southland Times, Issue 1519, 5 January 1872, Page 3

THE RATE AT WHICH NEW YORK POLITICIANS GROW WEALTHY.

—♦ ■ • (New York Times). Frequent inquiry has been made for the record of the real estate transactions of Tweed, Conolly, Sweeney, Hall, and other prominent leaders of the Ring for the last few years in which they have been absolute in the government of this city. These have been obtained only in part, and with great difficulty, and have been published in detail. Only these are given for which the official records can be quoted in confirmation. The most of the men whose transactions are exposed have risen from poverty, bankruptcy even, in the short Bpace of four or five years, to be millionaires, at a rate unparalleled in the records of honestlyacquired wealth. The evidence adduced is incontrovertible, having been gathered from official records. It shows that Controller Conolly, when sued in 1866 for debt, swore that he owned nothing, but since that be has bought real estate and bonds to the amount of 2,300,691 dols. It shows that Wm. M. Tweed, bankrupt in 1861, for years a referee lawyer without ever having studied law, has bought and sold real estate, houses, horses, &c, since 1868, to the large amount of 4,474,954d015, and other irregular transactions to the amount of 2,500,000d01s more. Peter B. Sweeney's purchases amounted, in three years, to 1,479,736 dols, and Mayor's Hall to 150,000 dois ; while Auditor Watson's, largely on shares with the Conolly's, reached 277,777 dols in two years. The transactions of the three principal Ring men have thus amounted, in less than four years, to 10,775,651 dols.