The Weekly Perrysburg journal. [volume] (Perrysburg, O. [Ohio]) 1861-1???, 1868-05-08


China, aud sold them dear. He bought
teas and other productions cheap, aud those
he again sold dear--as dear as he could.
But, no doubt, his main profit came from
his dealings with the indians In other
words, he organized tho North American
fur trade, so that il should make ,uoucy
for himself, not the Indians; aud did it--did
it largely, In due time he had money to IN
vest and then hs sagaCiouS, money max.
ing faculty told him that New York was
destined to become great commercial
city, and that real estate judiciously bought
must increase in value. He bought, he
bought and he bought largely. This AZ.
Ipetite for accommodating millions grew with
what it fed on, and the power to do it grew
vastly with the growing millions aud thus
1t went on for siXtyycarS, until i'll lSlS he
was gathered to h,s fathers, leaving an
estate to his son estimated at twenty mil
lions, legacy Of 100000 to the city TO
found library, and an annuity Of $500 a
year to the poet Hollock!
Our present millionaire, then, inheriung
his tweuty millions, had task before him
lie was on one side in great fight all
mankind on the other; his struggle was to
keep, theirs to get lIe has beaten thcm
No pCraOn has ever been able to nVciSlc
him into any trade or speculation, or en-.
tcrprise of any kind sOevcr. lie has kept
what he had, and he has invested in sccmi
ties which paid him per cent or por
ccut, or per ceut, or he has bought more
aud more real estate. lle has never been
tempted by high interests or promising
profits to take 0aY fisk at all. This rs his
secret--this is the way that his twenty
millions has become sixty or eighty, and
this is the whule ot it. y GU who propose
H.. Ia 40
member that MIR. Astor's twenty millions,
10y the sure mCrea If compound interest,
became forty at the end Of ten years, aud
shty a. the end OF twouty years; aud it
is now twenty years sinoo ho Inherited his
twenty ilious. You have ouly to inherit
twenty millions, ana DO as no has done, and
you Will be Just as rich and great as he is.
The career of our Rhiuclaudcr millionaire
has loen essentially the sane. He, too,
Inherited the beginnings of his fortune {;
Tor the lihinelunJer peye was SO lucky, or
50 wise, as to own farm along the East
river on Manhattan ISlaud, Having the
supreme faculty, also, of boiling omit came
to his children, of whom our millionaire is
the most distinguished representative. He,
too has had his struggle TO keep, and to
get more and he has succeeded so that H.
now holds lots inuumerablc, from Thll-
teth street TO l3lst street, and vast
properties in broadway, Park row, Barclay
street, etc.
The Goclets rank rs one, not because il
takes two Goelets to make one man, but
| eeauae it is said their property in a good
degree is one. The Guelet milionaires
too, had an ancestor, who, f,liuwinS tho
honorable craft of roumougery, learned III
it how TO turn iron to gold, and that into
city lots. The story goes, that, upon a
time, they louNd themselves Crampcd Tor
pasture for their COW, and to acco.nmodatc
her, thcy bought pasture lot OF some
forty or fifty acres, for a trlile. They held
on, even attcl the old COW died and that
pasture lot now is covered with brick and
.'-..~..','''e I'tr'i', I-.--; e"l Hon, th
n avenue; and the Goclcts still ownit. The
only wasteIul extravaganza ever charged
upon " Young Peter has been lavish eX
peuditure for pe0cocks and pheaSants
which are alleged never to have produced
: anything at all. The rest of his property
has been amazingly productive.
Thirty Ave wears ago, Robert LenoX was
one of the four rich men of New York
following Mr.. Astor. The other three wcr;
.Tohn G. Coster, Stephen Whitney and
Nathaniel Prime. Tho l.enoX estate has
grown and bccome vast-the others arc
scattered or divided. This Lenox fortune
begins as far back as the American Revo.
luton, when, in connection with the Com
missary Department, the shrewd, prudent,
careful, indefdtigable Scotchman began to
accumulate wealth he went steadily for.
ward with this great purpose of his life
until he died, in 1885, leaving millions to
his heirs.
The present millionaire, James Lenox
has never made money, aud has never at
tempted to do so. Iudeod he is the one
aud the only one, of our rich men who, il
is claimed, makes it matter of conscience
not TO add house to house and lay field to
field. 1t is asserted that every year he
, dispenses his vast income in his own ways
but that he scrupulously avoids reiuvest
ing it. And yet, in spite of himself, he
grows richer and richer, thus: Years ago
his father was obliged to take piece of
property, far beyond civilization, to satisfy
"a mortgage of some eleven or thirteen
thousand dollars. He held on and James
LenoX has held on. Now it is on the east
side of the Central Park, about Seventeth
street-sx blocks of the most desirable
property in the city, and OF which Mr.
Lenox has sold to the amount Of three guar.
ters OF IL million, aud has enough lett to
make over the million,
We come now 10 another class of men of
wealth-thOse who Inherited aud who have
made money.
The Loriords have in their veins both
French and German blood and it has been
said that there never was a poor Loril-
lard" Appearances seem to indicate that
there never will be one. Wealth, like
poverty, if not a disease, seems to be con.
tagious This immense estate is now some
seventy years old for, as far away as 1910,
p. Il q. LOrillurd were very rich, and never
gave note and when George died his
estate was estimated at over 81 ,000, 600.
Tobacco did the work. They have lived
with tobacco, and nave learned TO know ii
in all its phases, in all its forms. They
knew the richest Abajn and tue palest
Welhersfeldj they know how and when
and where the fragrant leaf Of the tropic
may best wed the fainter weed of New
England, and the lusty growth Of Kentucky,
Factories have grown up where tins
strange plant could be ground and dried
and shaped aud bottled and papered, so as
to make it deectable to man, profitable to
him who thus ministers to his needs
Let us here make an approximate cacu.
lation as to what this business amounts to
in each year. There are some eight mil.
ious of men between the ages of fifteen
aud ninety in the United States. Let us
suppose that three quarters, or six millions,
use tobacco TO the extent of but $50 per
year each. The result is Sl00, 100000. OF
this forty per cent, say, is profit II
follows, then, that $4,000 900 of profit is
10 be tho portion of somebody. Now, the
Lorillards have taken good care to get
their share of this first, by producing a