Investor, Politician, Race Horses
Elder was very fortunate in his mining ventures. Early in the sixties he had large interests in the Moonta and Wallaroo copper-mines which brought him in a huge fortune. He entered political life as a member of the South Australian Legislative Council in 1863 but retired in 1869. He was again elected in 1871, but resigned in 1878 and took no further part in politics.
Elder was much interested in horses and made the breeding of blood stock a hobby. He was a leading racing man between 1875 and 1884 and had the highest reputation. It was well known that any horse bearing his colours was in the race to win. He sold his race-horses in 1884 but continued his stud.
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