The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-08-16
NEW ORLEANS BULLETIN
NEW ORLEANS, AUGUST Is, 1871.
RICH MEN or NEW YORK,

VINO tBk MIIIIoEAIREs or THE METROPOLIS
s,sk-How THEY MADE THEIR MONEY.
spscpai Correspondence Of the Cincinnati Gazette
New YORK, August 3.
I'M; chief holder of person Il estate in this
,aty ss Commodore Vanderbilt, who is esti-
nas'ei at $40 600, 0GO the largest part of which
as In galway property. He owns enough in
The Connecticut River and New Haven roads
10 be director in ZACH, and he also owns the
S,enta olling interest in the Central, Hudson
and Lake Shore, besides his stock in Ohio
and Mississippi and other important roads
IL wss said OF George Peabody tn he made
almost the entire bulk Of his enormous wealth
afteF his ffteth year. / think stronger
settlement can tie made of the Commodore,
Tor he has made the largest part of his money
sanao he was sixty that is, within the last
scoFp of years
suppose that when the war broke out he
.Sas not worth five millions The incessant
and enormous increase of railroad values and
the colossal extent Of his operations have
1rG:1ght an increase so stupendouJ as to re-
mn. d us Of the old stories Of Oriental magic
MI On the stock of the Central was watered, it
added ct least al additional ten millions to his
-caE,it.l His income from the different lines
Ilnssar his control must be six millions per
ye.r. He has the cream of the passenger
sra!6c. which he obtains by forming the sleep
ms, car company This company is simply
.i7hs Commodore, Webster, Wagner and a few
-other lucky men, who obtain the privilege OF
running their cars and collecting their extra
fara. The railroad track and the motive
0osser, with all expense of switch tenders
station agents, etc, is furnished free to this
favored circle, which simply provides a Sleep
,nf: car and collects about $50 per trip A |
sats,ping-car should make $15,O 900 per year,
AMI the company which the Commodore con /!
txtls runs not less than one hundred With |
respect to the Commodore's personal estate, il |
may be estimated az equal to that of score
z N our richest men.
AsroR's FIGURES.
Next to the Commodore is William b. Aston
HIS chief wealth is in real estate, while that OF
fhs Commodore is personal; but still Aston is
rafed at five millions of the latter and ten
hraes that amount in the former. These men
arc about Of an age, having reached four score
and their lives have been spent simply in
making money. There is difference in THEN
pfrsonAl appearance corresponding to their
fcfm Of wealth. The Commodore is tall and
elegantly built while Aston is ponderous and
heavy, with . face as dull rs the Commodore
.s' brilliant The one is mere clay, while the
other is quicksilver Aston owns LARGE
Akaount OF Massachusetts bonds, bank shares,
AID. also, coal stock. His proprietorship in
1he Delaware and Hudson Canal Compan,
~, |
iarge that his son, John jackson, has been
made director. Aston is now said to be
personal property very rapidly =,
ire buys no land, on account of its extraordi !
nny high price, and the income Of the
sstat, is about $4,000 OOU year, there is a
q inc chance for laying up money.
MOSES TAYLOR
This man is estimated as holding about four
millions in personal property, the largest part
tool r. Il
swenty, and co commenced poor but he is one |,
the keonesf business men in America Ia !
tA penetration he stands next to Wander u
SIT His father was lifelong clerk for John y
'sAcob Astor who found him cry useful in his =
md Office. but only paid him small salary =
q may seem strange that young man reared ,,
i, real estate office should not have devoted "
mseif " this specially, but such was not the
fasult think that the ambitious Moses be- ~
anne tired of the slow movements of houses ;,
al lands: and wanted something more active -,
a gratifying this ambition he has succeeded u. ~
D remarkable degree and he has been for -
anate IN almost everything he undertook He u
rs the finest looking well as the most w w
sited business man Of his day, and has been ~, -,
8 fortunate as he Is goo bookings W.
ah,rty years ago there was report that he ~.
blended to retire on fortune of $500 600, but W.
C was OF too active a habit to do this. and u, y,
once be accepted the Presidency of the City -
Ank- Since then he has made more money 10
Aan ever before, by street operations. He ,o
0ks hard and hopes. no doubt, in time, to ~ 90
sAch oompetenc:, but as yet finds himself "e
As man of wealth he holds but
tae real estate, but prefers bank shares, gas
COX and coal stock, and what he holds is the
hoicest investment These stocks have
ebled in value in his hands an
GEORGE Law IN
Tie ~ another instance of the same prefer IN
Eoe, for while in point of real estate he owns ne
SNAPS only his Fifth Avenue mansion, he. ed
asds million in personal property He Go
ms the Dry Dock Bank, and is also the COZ
rgest part Of the Eighth Avenue horse rail ing
nd The stock Of this road is never found out
market, and It is worth twice its original hol
~ He is estimated at two millions. JAG
Renty-dve wears ago George was a prominent Diet
an IN the Native American party, and some tho
ms friends thrust him f; rwar as a candi- bic
y tor the Presidency, undar the title OF of
lve Oak George" He then owned several pia
lps. which he has since sold Of late he vic
? ialldn out OF notice He was at that time he
.rosser man in public estimate than the Com THU
1oore, out since then the latter has utterly No
seanced him. This is in no small degree due is
the physical difference between them. Law strr
hugo fellow. Of great muscle, but time bas
changed him into obese and clumsy corpu- Tilt
zoe. Hence his mobility is almost gone. while hi
Commodore bears his years with rare Vi for
~. Cleo Law was born in Cambridge n Y, An
vas bred stone mason, at which trade hon
wrought for about ten wears He afterward the
II oontraots. and showed great skill in cal the.
Alon NeaEly forty years ago the Croton this
'educt was begun. and Lawg the contract Ia
building the High Bridge over Harlem Hot
yer This was 800 feet long and 80 feet
a. and WAS built in neat and substantial
inner 1t will stand until overthrown by an T
th4uake: OF some other unusual power excl
u,cs1oo S!VV.oVo on the job, which was und
richest contract ever made in this State are
% this time. He afterward operat. d in pers
.n s.ocA' wnen 1t was down to 81 for sucl
res which cost 500, and in this he made con,
~ nut After this came the building of the NOR
mama Railroad. in which he cleared a large tle 6
Q. and his California steamships ais proved NOR
pvnao.C; IN TINS manner the former illeg
10 .nsSo1 Oonaneo his position among the of
gnAtes OF pera0nal estate who
CONSTITUTIONAL DIFFERENCES An a
here 10 constitutional difference batwaar | H.,