Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1876-11-09
.yASDERBILr's RICHES.

and forth between the fingers
III 'vANDERBILT'S RICHES.
80 ieit,isas~ .seI--- nls1 sa-
The Great Railroad Mostly Owned by
the Vanderbilt Family--The Man
Who has Charge Of the Property.
IN x. .correspondence Cincinnati Enquirer.l
q The property OF Vanderbilt is al
most entirely in railroad stocks and
bonds-that is. railroads-for the
stock is the title and certificate OF
ownership. BE owns something in
the railroad from Boston to Albany,
and in the railroad from Boston to
New York. he owns, with his son,
about siz hundred thousand out OF
nine hundred Thousand shares OF the
New York Central and Hudson River
railroad. worth Sc. 600. 900, and pay
ing eightpercehtdividends with ease.
The dividends, therefore. on Wander
bilt's interest in this company amount
to the monstr6us revenue OF $4.S00,-
600 a year. As freights are lower
than they ever nave been, and rail-
road property more than ever subject
to an attack, it follows that this prop
erty is seldom or never to cost less
than at present, or TO stand lower in
the market Passing through the
most populous belt Of country in the
United States, al grades lower than
any of the railroads from east TO
west the N. Y. Central r. r. would
appear to be beyond the possibility
of depreciation, and certain on the
contrary, to appreciate from year to
year. Being under the ownership OF
one man, - will be the case hereaf-
ter, no outside attack or internal rev.
olution can take place; no proxies
will be required TO vote the stock at
stoekholders' meetings; no bears can
force down the stock OF which ma
jority is to be forever In the iron safe
of William Vanderbilt Four steel
tracks, steel bridges, rock foundation.
the track fenced in, and trespassers
punished as fierceiy as IL they had en-
tered your garden CT. orchard. depot
sites secured in every city, the track
sunken below street grades, the
charter perfect, and the assistant Of
ficers immutabIe except by death or
removal Such is the property
achieved by the dying Vanderbilt for
his son manage. Considering its ex-
tent and public relations, the death
OF the owner OF sueh-a property. un-
der the circumstances, almost equals
the death OF a monarch, and the sue
cession of his son. The incomes OF
only two or thrss monarchs in Eu-
rope are equal TO VandeIbilt's at the
present time r
For the benefit OF some OF your
readers who may not have paid much
attention TO railway affairs, will
state that the New York Central and
Hudson River railroad, starts from
New York city and runs by a double
track to Albany and Troy, 150 miles,
where tie Harlem railroad, leased
and bonded by the yanderbilts,
comes in from New York by another
route. Then by four tracks the
property runs westward TO Buffalo.
300 miles. with certain branches. The
trunk line is thus 450 miles long. and
passes through 100000 OF people and
about twenty cities. All other rail-
roads from the seabord to the lakes
plunge into a comparative wilder
ness and ascend heavy grades This
is one of only four railroads from the
Atlantic to the west. the Pennsylva-
MIA railroad being its only consider
able rival III stretched out in "a sin
gle track, the New York Central
would be 1,500 miles in length.
Forty five years OF labor and con-
struction and the contributions Of
towns, counties and cities, have been
spent on this great line. Mr.. Wander
bilt has been only twelve years ac-
quiring the whole OF it. He began to
buy Hudson River stock In 1864
HIS GREAT MATERIAL WORK.
The property OF Vanderbilt has not
advanced cnly because he bought it
but be improved il also. The clos
ing years OF his life are almost Illus
trious by the monument work he has
done on the Central railroad and the
vigor he has. given its finances.
He has built the greatest depot in
the New World, blasted his way into
the city underground, found new
outlet, bridged the Hudson, put hard
yellow pine ties under his rails, and
laid four tracks. rebuilt his stations
TO last a hundred years, fianked some
cities, like Buffalo, run fast mail
trains with safety. entirely inclosed
his track and made every fiagman a
justice OF the peace, so that he is
magisterial, and rules nearly pri-
vate state or zone from New York to
Buffalo. He has also made its busi-
ness what 1t onght to be-simple, sta
Bile, efficient, lawful, severe. Finally,
having completed the road in every
respect, he has provided successor
for it in his son. 'e'''. = as''