The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1878-07-04
MONEY KINGS.
The VeRIth of the VVesa-RIOO1I. Macfaay
and o. Brien. the BOnanza RIaEs--The
CrOssi OF s1auAastan 1AIand- AHtnr.
Vanderbilt and Gould the
Rich Bzen of New York,

NAhaREAhI ma t&HOuEu Nne
Rich BzeD of New York.
The United States is rapidly Increasing
its list of rich men. In this respect Cali
foInia seems to take the lead. Flood,
OBrien, Mackay, Sharon and Jones
have become well known the world over
for unto'd wealth, and the limitations of
their acquisitions do not yet seem to be
in sight. These five men represent at
least five hundred millions of dollars, all
of which has been acquired within the
past fifteen or twenty years. Their rise
to uubourded wealth reads more like the
tales of the zone Thousand and One
Nights" than of the commonplace era
of our time. The wealth of these men
and those who are with them, but who
are nameless and insignificant because
they do not exceed more than SO, ,000,-
900 or $4,000, 900, is vested in silver
mines principally. They own little land
com paratively, and seem to have no de-
sire TO possess any, save that which con-
taIDs the precious metal.
In the east there are rich men whose
wealth rivals and exceeds these Califor-
MIA Gre suses. There are the Astors,
whose estates is more correctly nsmt d at
$3.50, ,000, 900 than at any other figure. a
large proportion of this is invested in
real estate in New York city. Aside
ir6m this the estate owns ana controls
much land in other cities and states.
The general impression seems to be that
the Astors put all their money in land.
But this Is not so. They are large in
vestors in frst-class securities, and upon
good authority it is said that they own
the great majority of the bonds issued By
| the state of Massachusetts. The Wander
I bits have their money wholly in rail,
| roads; Jay Gould, whose accumulations
have been something fabulous within the
past few years, is put down at S40, ,000,-
/ 600, snd owns little land, while the
| Stewart estate has both real estate and
securities tO the amount Of SI00, ,00O, 600
/ The New York correspondent of the San
Francisco Chronicle devotes letter to
THE MANHATTAN CRGsUsEs,
/ From which, excerpts are made below
| A few years ago, the rich men of New
/ York meant William B. AstoT, Corneliu:
/ Vanderbilt and Alexander I. Stewart
| because they we're SO much richer thar
! any body else that the smaller CImsusei
were not thought OF IN connection with
them. Since the death of the opu
/ lent trio, a number of men have
come TO the front who weTC
/ formerly kept IN the bSCk ground
The immense estates were not
much distributed; indeed, they wers
hardly distributed at all, The Astol
estate was left IN trust to this generate n
with John Jacob Astcr as custodisn. Al
it had been left before by the elder Johr
Jacob TO William 3. Astor for the bene
! ft OF himself and his heirs. The great
bulk OF the Wander bilt estate passed int
4 Il L. III a..
I controls absolutely the vast railway prop
eIty, and Stewart, having no children
and scarcely any relatives, made over hi
: gissntic business TO Henry (JudgeJ Hi
ton fer 81, 100000. The form of it wa
that be left the sum of money to Mrs
lStewaTt, who, in consideration Of a like
amount, transferred the wholfs ale ant
retail dsy goods establishment to Hilton
John Jacob Astor will be pretty ceTtaiE
to discharge his trust wisely. He
very shrewd and capable, and Possesse