The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1881-08-27

Many Millionaires.
Men Who Have more Money than They
Know What to Do with.
IN. Y. Star.1

IN. Y. Star
The wealthiest individual who dabbles in
Wall street of course,is William II. Vanderbilt.
He did not appear as heavy operator until af-
ter the death of his father, the late Commo-
dore Vanderbilt, who left his favored son
S65,000,000. Since that time he has added to
his vast capital by judicious inve stments until
now he is credited with being worth S120,0o0,-
600. This is divided up in real estate, United
States four per cent. bonds, Lake Shore, New
York Central and Chicago & Northwestern
stock. He is the heaviest individual holder of
government securities in the world, his daily
income from this source alone amounting to
nearly $1,000. Jay Gould ranks next to VAN
derbilt his wealth being estimated at $75 00O-
600, which, with the exception of $500, 900 in
real estate is all invested in railroad and tele-
graph securities.
The honor of being the third largest possess
sor of wealth on Wall street is divided between
several gentlemen who touch their holdings by
the millions, and who are varously estimated
to be worth from $4,OOO,0OO to $1O,OOO,OOO
Among these are James R. Keene D. o. Mills
and Thos. Maitland. When Mr.. Keene made
his debut in Wall street, a few years ago, he
was credited with transferring from San Fran
cisco to Wall street $10,0OO,OOO Since then he
has met with severe reverses, but has added to
his store in other directions, and it is safe to
say that he is worth at least $6,0000O0 Mr..
Maitland is believed to be possessed OF $780,
600. A good story is told by him showing the
caution he exercises in making investments,
as well as his total indifference to adding to his
vast wealth. Recently he was invited to take
fha tx,ffs fI< II
railroad property. 1t was shown clearly to him
that by building the bridge from upper New
York across Blackwells Island to Long Island,
and ludicious change in the time tables and
running arrangements, the investment of So
600 900 would make handsome return. Mr..
Maitland examined the details of the project
closely, regarded it with favor and felt con-
WINGED of its assumed success, when he turned
toward his friend and said
81 am getting along we'll in years and want
to avoid all the annoyance possible"
But this will add greatly to your possess
sions," pressed his friend.
81 have all the money want, SIR" was the
response. II have trouble enough with THAI,
and desire no more. have no one to leave it
to, and any additional treasures would add to
my inconvenience. 1 am fully content wi tn
what have, and / shall enter into no more
speculations."
The Seligmans also count their gains by the
millions, so divided up between the brothers
as to leave at least two millions to EACH Au-
gust Belmont is another of the millionaires. He
continues to manage the affairs in this city of
the famous English banking firm of N. NJ
Rothschild q Sons, and is put down as worth
at least 100000. George I. Seney, Presi-
dent of the Metropolitan Bank, is another
man whose actual wealth is unknown, but
who is believed to be worth be-
tween three aud five millions Cy-
rus w. Field has been very successful in his
speculations. his cable, Wabash and elevated
railway stocks and bonds having petted him a
handsome profit. Mr. Field is set down as
worth about $4,000, 900
Wall street is full of business men whose
wealth varies from $4,000 to ST. ,000, 900,
most of whom live sumptuously and enjoy
life to its fullest extent, but who are daily
toiling for more gains. FL. Victor Newcomb,
president of the United States National bank,
and formerly president of the Louisville and
Nashville Railroad company, is said to be
worth over $3,000.000. His successor in the
presidency of the Louisville & Nashville road,
Mr.. @. G. Baldwin, is estimated at between
100000 and 100000. II. G. Fahnestock,
vice president of the First National bank, suf-
fered heavy reverse when the firm of Jay
Cooke Co., of which he was member,
failed. Mr.. Fahenstock having met all his liza
bilities, is ranked as worth fully $1,000, 900.
Among other mllionaires are ex-Surrogate
Jenkins Van Sahaick, f. B. Wallace, D. B.
Hatch, Henry Cews j. d. Vermilye, Henry
ID. Willard and Moses Taylor.