Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1878-07-06
HONEY KINGS.
The WeHIth Of the WeEI..FI0Od, Mackny
and O'BriPn, the RO1anzn Ki1gs"The
Srsesi Of NanhattRu leland. later.
Vanderbilt aud .GOnId the
Rich Men of New York.


Rich SsPn Of New York.
The United States is rapidly increasing
its listo rich men, In this respect Cali
farnia 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, sll
of which has been acquired within the
past fifteen or twenty years. Their rice
to unbounded wealth reads more like the
tales of the zone Thousand aud One
Nights than OF the common place era
of our time, The wealth of these men
and those who are with them, but who
are nsmeless and insignificant becsuse
they do not exceed more than Sl0,000,-
600 or Sl2,O00,000, is vested in silver
mines principally. They own little land
comparatively, and seem TO have no de.
sire to possess any, save that which con.
talns the precious metal.
In the east there are rich men whose
wealth rivals and exceeds these Califor>
MIA Cfesuses. There are the Astors,
whose estates is more correctly nsmtd d at
$3.50 100000 than at sny other figure. A
large proportion OF this is invested in
real estate in New York city. Aside
from 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 ia not so. They are large iu-
vestors in firat-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.
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 $40, 600. g.
900 and owns little land, while the
Stewart estate has both real estate and
securities to the amount Of 800, 900, 900.
The New York correspondent of the Ssu
Francisco Chronicle devotes letter to
THE MANHATTAN CRGsUsEs,
From which, excerpts are made below 4:
A few years ago, the rich men of New
York meant William B. Ast0r, Cornelius
Vanderbilt and Alexander T. Stewart,
hecsuse thev were so much richer than
anybody else that the smaller Cfmmses
were not thought Of in connection with
them. Since the death of the opu
lent trie, number of men have
come to the front who we're
formerly kept in the back ground
The immense estates were not
much distributed indeed, they were
hardly distributed at all. The Aston
estate was lett in ttust to this generation n
with John Jacob Astor IS custodian. ~
1t had been lett before by the elder John
Jacob to William 3. Astor for the bene-
6t % himself and biz heirs The great
bulk OF the Wander bilt estate passed into
the hands Of William II. Vanderbilt, who
contro absolutely the vast railway prop
eTty, and Stewart, having no children
and scarcely any relatives, made over his
gigantic business 10 Henry (Judge) Hi
ton fer 81 100000. The hvm OF it wsa
that be left The sum Of money To Mrs.
Stewart, who in consideration of like
amount, transferred the wholtaa "a and
Ietaild dfy goods establishment to Hilton.
John jacob Astor viii be pretty certain
4 4