The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1881-08-28
MANY MlLLIONAIRES.
Men Who Have More Money Than
They Know What TODD With.

The WealthI6et lnQlVlOual WIZ uAo-
bles In Wall street OF course is
| William II Vanderbilt. He did not
appear as q heavy operator until after
the death of his father, the late Com
modore Vanderbilt who left bis
fayorlte son 500 600, 600. Since that
time he has added to his vas: capital
by iudieious investments until now ne
IS credited with being worth $3.50. 600.
loco. This is divided up in real
estate, United States four per cent.
bonds, Lake Shore, New York Cen
trial, Canada Southern, Michigan
Central and Chicago & Northwestern
stock. He is the heaviest Individual
holder of government securities in
the world, his daily interest account
from this source alone amounting to
nearly 5000 Jay Gould ranks
next to Vanderbilt, his wealth being
estimated at S75, 900 600. which, With
the exception of 100000 in real
estate. is all invested in railroads and
telegraph securities. The honor OF
being the third largest possessor of
wealth on Wall street is divided
between several gentlemen who
touch their holdings by the millions
and who are variously estimated to
be worth from $4,000 900 to $4,000,
900. Among these are James 3.
Keene, d. o. Mills and Thomas
Maitland. When Mr.. Keene made
bis debut in Wall street a few years
ego be was credited with transferring
from San Francisco to Wall street
$40, 000,0 600. Since then he has met
many severe rev Nses, but has added
to bis store in otker directions, and il
is safe to say that he is worth at least
So. 900, 0O0 to-day. Mr.. Maitland is
believed to be possessed of So, 600, 600.
A good story ia told of him, showing |
the caution he exercises in making
investments, as we'll as his total in.
difference to adding to his vast wealth.
Recently he was invited to take the
initative'in improving the Long Island
railroad property. It was shown
clearly to him that by building the
bridge from upper New York across
BlackWelPs island To Long Islam,
and a judicious change in the time
tables and running arrangements,
the investment OF $3,000,000 would
make handsome return. afr.
Maitland examined the details of the
project closely, regarded it with favor
and fell convinced OF its assumed sue
cess, 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
pressed his friend.
81 have sll the money 1 want,
'ir,'' was the response. 81 have
,rouble enough with that, and / de-
ire no more. l have no one to leave
{ to, and any additional treasure
Tould add to my inconveniences. |
Lm fully content with what have, 1
md shall enter into no more specu-
ATOMS"
The Seligmans also count their gains
y the millions, go divided up between
he brothers as to leave at least SO.
100. 600 to each. August Belmont is (
mother of the millionaires. He con.
inues to manage the affairs in this 6
ity of the famous English banking {
irm of n. M. Rothschild d Sons, and
} put down as worth at least So, 0OO,- I
90. Geo. /. Seney, president OF uhe [
Metropolitan Bank. IS another man g
Thoss actual wealth is unknown, but G
rho is believed to be worth between I
nree and five millions. Cyrus W. G
'ield has been very successful in his t
oecu lations, his cable. Wabash and
levated railway stocks and bonds @
aving netted him q very handsome
roft. Mr.. Field IL pat down as
ORTIZ about 81, 200. 600
Wall Street is full of business men
hose wealth varies from $500. 900 to d
|, 0OO. 900, most of whom live sumpt- q
ously and enjoy life TO it's fullest ex- D
mt. bat Who are daily toiling for 8
lore and more gains. 81. Victor Z
eWcomb. president of the United q
ates National Bank, and formerly il
OF the Louisville and Nash =
lie Railroad Company, lie said to be o
or.h over So, 900, 600. His successor q
the presidency OF the Louisville #
I'D Nashville road, Mr. O. @ Bald b
in. is Estimated ct between $4,000, p
70 and So, 000, 900. Il O. Fahnes- q
OK, vice. president of the FIRST Ns- 1t
onal Bank, suffered heavy reverse q
hen the irm Of Jay Cooke & Co., q
which be was . member, failed. q
Lr. Fahnestock, after having met all q
s liabilities. is ranked &c worth q
|. 0OO, 600. Among other million q
res are ex-6urrogats Jenkins Van q
'haick, +. B Wallace, D. B. Hatch. II
snry ClewS, ]. D. Vermilye, Henry "
. Willard and Moses Taylor. o.