Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-04-30

|. PERSISTENT. ihr fly. mo, ey getting
-. lHf.rtees, pure and simple, and
III ls Dat one each of this ten. The
o,s.r III barc: Four fren the great Ger
m.nicrit X. ~ from the Hugusnot French,
and ,wo dm the Scotch, or Scotch Irish.
The rmAnic race has great industry
and pef()tenee, not much vivsc,y or en-
,efpris$I htvast capacity for holding on
and it j sppear in the progress Of ,nis
story, vi 1t 1 valuable faculty this -. ine
Ffenchsf IL IL the most alert and visac.ous
IA thaL IhrId hut has not succeeded 40
,r,ds III n bi,ted against the Germans ana
$50 III 'nio OF our Gallo families, how
MI been surpassed. The Scotch
~; III North. Irish arc the same are can
- iii NJ. they are wary, skillful, pertin
.c;ous hcy have hand to grasp and .
hand " old unequalei among the sons OF
men. II
1t has taken two generations to produce
eight n these millionaires - two only,
Stewa{( md Lord, having been the archi-
tects a their own fortunes. We find the
As,or n late TO be tho result Of the traffic Of
John eob Astor with tie Indian tribes
throus Il bonie half century. This he seems
TO han begun almost Immediately upon
landief on the shores of the New World IN
1888, 70 have prosecuted with vigor
and asf tuity which never tired. Astor had
threc't Spgs--healtlI. q money- getting fac
ulty III psb organizing faculty. Mr. Astor
was knbwng man. Buying mis- furs
cheaps he took them, or sent them to Eu-
ropc vi IA ID China, and sold them dear. lie
bougH tess aud other productions cheap snd
these % agnin sold dear-as dear as he
could. Bot, no doubt, lis main profit came
! from lis dealings with the Indians. In
othsE rortis, be organized the North Amer
ican IL ttade, so that it should make mon
oy ior hin, self, not the Indians; and did it
| did II largely. In due time he had money
70 ias lot, and then his sagacious, money
mal.u \ faculty told him that New York
was btiEed 10 become great commercial
city, nd that real estate, iudiciously bought
must increase in value. He bought, hs
bous Il, snd he bought largely. This ap
petit Tor accommodating millions grew with
whAl u fed on, and the power to do it grew
vasd with the growing millions; and thu
it lnt on for sixty-f years, until il
1876 he Was gathered to his fathers, lsav
ing b oState 10 his son estimated at twenty
milf ms legacy Of 100000 to the cit!
TO and library, and an annuity Of e2O'
III " q the poet ilallock
d II present millionaire, then, inhsritinl
hsg we1ty millions, had . task before him
lie Sas m one side in great fight, al
} INN kind on the other his struggle was
ri !, theirs to get lie has beaten them
Nd berSon has ever been able TO inyeigl
hid intb any trade or speculation, or en-
ted rise Of any kind soeyer. He has KEEP
} III d hi had, and he has invested in secu
rie % which paid him per cent, or 9 ps
. a l., a 7 per cent, or he has bought NOR
,, 81 m ire real estate. lie has never bee
I'll lpted by high interests or promisin
ID fits to take any risk at ell. This 10 b
\ % rot this 10 the way his twenty million
h NJ 10 become sixty or eighty, and this 10 th
ole III il. You who propose to bscom
= Millionaire have only to remember th'
Astot's twenty millions, by the SUI
. III iSease Of compound interest, became TO
lAJ At the end Of ten years., and eighty [
md of twenty years; and It 10 no
} N sntv ycsrs since he inherited his twcn'
lnidns. You have only to inherit twen'
!: Hons, and do rs he has done, and y
N 10 juAt 40 rich and greatas lie is.
z HtTie career Of our Rhinelander millo
re kas been essentially the same. lie, to
% Ihettcd the beginnings Of his fortune
=, Y tho Rhlnesndei Tcre was so lucky,
u ~ wise an TO own farm along tho la
f Ilvet, ON Manhattan Island. Having Il
q lIpreme faculty, also Of holding on, 1t can
10 his children, oil whom our millionaire
"a lie most distinguished representative. II
al DO, has had hs struggle to keep, and
lie, more, and lao has succeeded 80 that
kow holds lots inuumerable, from Thi
.. lee 9TH street 10 3ist street" and vast pro
g. n,es in broadway, Park row, Barcl'
strtet, etc.
The uoelsts rank as one, not because
on kalses two Goslcts TO make one man,
Mt dause it is said their property in 60
degree is one. Tho Goelet millionaire
too, had IA ancestor, who, following 4
:; craft Of ironmongery, learned in il how
y. turn iron to gold, aud that into city lot
IF The story goes. that upon time, tn
~ found themselves cramped for pasture
thSir cow, and, TO accommodate her, tn
!" bonght pasture lot of some forty or I'll
ny ties, for triHs. They held on, even Z
tel the old COW died and that pasture
us now 10 covered with brick and stone alol
~ FIFTH, Lexington and Fourth avenues a
AZ tlic Goelsts stll own il. The only waste
q. et,rsvagarce ever charged upon "You
IN pster" has been a lavish expenditure
ss ptacocks and phsasants, which are alleg
IN nsvcr 10 have produced any thing at all
M The rest Of his property has bssn smazir
ID II productive.
MI Thirty five years ago, Robert Lenox "
1a Oh, Of tho four rich men of New York,
W diving Mr.. Astor. Tho other three va
~ John g. Costsr, Stephen whitney Al
y \ Nathaniel Prime. Inc LeDox ssts
r. lbs grown and become vast-the OF
n en- are scattered or divided. This Len,
II fhtunc begins as far back as tho Amer
d can Revolution, when, in connection wit
u HE Comnissnry Department, the shrsw,
, II prudeut, careful, indefatigable Scotsms
began TO accumulate wealth; he W..
3 STEADILY forward with this great purpose
WI his life until he died. 1899, leaving mi
. II lipns to his heirs.
III Tho present millionaire, James LenoI
Y has never made money, and has never q
tempted to do 90. Indeed, he 10 one. an
t<I the only one. Of our rich men who, i.
shimed, makes il . matter Of eonscisns
nststo add house to house and lay field {
: iield. 1t 10 asssrted that every year he di
pesss his vast income in his own ways. bu
!. that he soupulously avoids rsinvssting it,
And Jet, in spite Of himself. he grow
richer and richer, thus: Years ago, hi
fAthsr was obliged to takea piece Of pr,
perty, far beyond civilization, 70 satisfy
\ uaortgags Of some eleven or thirteen thous
, end dollars. lie held on, and James Len
Ok has held on. Now il 10 on the east cid
! Or the Central Park. about Seventh sire,
4six blocks Of the most desirable propsrt
il the city, and Of which Mr.. Lsnox ha
told to the amount of thrse-quarters Of
million, aud has enough left TO make owe
the million.
We come now to another class Of men Q
tsalth-thoss Who inherited and who hsv,
| Snada suonav