Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-05-03
TOO RIOH.

Vamdefbilt's Power and Danger
Heretofore the danger Of great fortune. has has
and Rushes grew weary OF the weight OF dross.
and founded useful things with its residue. The
many cases the investments shrunk The AS
tors, however, keep their estate compactly, ana
manage It with the liberality and method OF
minister; being In houses and lots. it Is not apt
to Cypress anybody. But Mr.. Vanderbilt owns
revolving estate, which Is said to De paying
night.
He controls almost every large city In the
STATE 81. OF New York; the bridges over the Mag
ara ana the HUDSON, at Troy, Buffalo, ana Al
oany; the road to Canada, the outlet to Boston
as well as New York, and nearly the Hudson
steamboats,. The public C work ni Of nearly fifty
years, engaged ia by half the state and city.
paSssed o,. IN period OF speculation into his
per cent, and still 1t stood up under the water,
i naulng really appreciated to the figure he set
upon It. The most populous portion Of this
largest belt OF cities In the country; it Is nearly
equal 10 one man owning the only railroad from
London to Liverpool and Glasgow. This enor-
nous property, which bears interest. with its
connections, on capital Of $3.50, 900, OOO was a
rel iZation OF three years OF the Stock ES-
c Ct operating upon; at most, few millions
William has am exed the Michigan Central rail-
roa1; the Lake Shore. Michigan Southern, and
Canada Central were previously his, to all in
tents. AS he has the means to pay regular divi-
90. ds these stocks carry themselves. He de-
crees tina, Michigan Central shall be an per
cent. stock, and tuc banks and fiscal powers OF
the country bow their beads. He is more ex-
tended than his father, but On more growth
aud income. The growth Oh Dusinc.,oo IN tne
United States probably doubles on such line
as this every seven y ears, adding 100 per cent.
the line OF the Central road, no mountains bar
ring the way and cramptng population. You
are selling clothing now In Philadelphia manu-
q CvyNn Pi6 ncyF
Troy; shirts and collars from Cohoes; butter
from ST. Lawrence, and hops from Utica New
YORK state has only one other railroad OF re-
all iDterlinked with the Centrai's fortunes, and
1t does not appear that any more opposition is
mooted, except by the canal. The railroad-fare
Is limited by charter to two cents mile but
this Is partly surmounted by asking two or three
dollars more In the Wagner cars, private ac-
cessory OF the family. The Albany bridge is
the railroads stockholders In both the Boston
Albany and the New Haven railroads there is
Dill influence; the only relief the Bos-
dependent OF Vanderbilt, over the Saratoga and
Susquehanna roads A bridge has been pro.
jected to cross the Hudson at Poughkeepsie, and
connect the New England road with the Erie.
but work has ceased upon it.
Here, then, are 100000 OF people In New York
dependent upon one man for all their connec-
IONS with the rest of the world; nearly 1900, GOO
more in New England and the British provinces
pay tribute to this private gentleman who casts
The majority OF the stock, owns the bulk of
bonds. and divides authority with no one. He
travels over bis road, with stable OF horses, on
a.private express train; owns a hotel In every
city on the line; has his hotels, too In Chicago
saratoga Washington, and Albany where in.
fuence is to be exerted. On this mighty mass
or stocks and bonds, certainly $50 900, 900, he
pays no personal tax. His coadjutors are the
ablest men out OF both parties, Tflden, Schell,
Depew, Marvin, Chaplin; the governor of the
state Is his obliged friend; he nearly elected his
vice president mayor OF New York City Polit-
1caiiy he Is a democrat. with moderate doubt
OF That partys reliability; but such an estate is
TOO colossal for politics. He lives almost under
the caves OF his railroad depot, in Fifth ave-
nue. mansion, and his amusement are horses
theatres and the family. He goes to court on
stated days to contest with his brother on the
property, and Is about Sc years of age, the pro-
duct OF small farm on the Bay of New York
what Is to prevent such man growing richer
and richer with these earning Observation-Disclosures,
who cannot spend his income except by buying
railroads, and who has large family and puts
them into other forms OF his business as In the
Telegraph. where he owns So, OOO, 900 stock? He
Is the western Union company In essentials: he
cannot be robbed, and his whole line of road is
lenced and closed with gates. His growth is a
necessity OF ours and Of the continent and his
purchases since his fathers death have given
nm control OF Michigan as well as New York
Gath IN Philadelphia Press.