Southern standard. (McMinnville, Tenn.) 1879-current, 1881-05-07
Concentrated Wealth New Workers.
Gathering Up all the Money.

Inc nenus OF q rev leading operators is
one of the most striking features of the
age, and as it requires that an immense
multitude should be poor in order to
make one capitalist, it follows that such
state of things is not advantageous to
the public. Here is Jim Keene, who
came from the West, and soon proved
dashing operator in produce as well as
stocks. He is estimated at $780, 900,
while Sam. Sloan is down for double
that sum. Sloan is President of the Della
ware, Lackawanna and Western Road,
with salary of $4,000 year. He can,
however, make vastly more in specula-
3 ton. Ex-Gov. f. D. Morgan is esti-
mated at 100000. He made money
rapidly in trade, and the house which
hefounded is still in operation, the firm
being E. d. Morgan & Co. He has,
4 however, also made enormous sums in
Wall Street, and probably now has an
income of $1,000 day. His partner,
Scion Humphreys, who has for many
years controlled the operations of the
business firm, is estimated at So, 000, 900.
He came to this city from Hartford forty
years ago, and became clerk for Nor
gan, who discovered his ability and gave
him the promotion he so admirably de-
served
jay Gould is estimated at $40, 900, 900.
lie makes now on an average S6,000,000
year, and hence will soon become q
leading capitalist. Russell Sage, though
old enough to be Gould's father, is only
rated at $30,000,000. He began life a
poor boy, and was clerk for some years
in Troy grocery house, where he after
ward became partner. He made
money by industry and economy, and
soon was able to enter the wider field of
railway speculation. This gave him a
sufficient capital to remove to Wall
Street, where he has been leading
gambler in stock privileges. He sells
'puts, calls and straddles" to the fools
who are addicted to this practice, and
has made an immense fortune out of the
money they throw away. ID. o. Mills,
who is reckoned at S5,000,000, accumu-
lated the largest part of his wealth in
California, but has also been highly sue
. csssful in Wall Street. He has recently
made heavy purchase of Wall Street
property, and will erect one of the finest
commercial buildings in this city. Sam
uel j. Tilden is estimated at from
100000 to $4,000, 900, most of which
he has made in speculation. He began
this practice when a young man, and his
intimate acquaintance with Wall Street
men gave him an unusual advantage.
This has been admirably improved, until
Tilden may be considered the richest
bachelor in America. Moses Taylor,
with $4,000, 900, is the richest of our bank
presidents. II. G. Marquand rates about
the same as Jim Keene. VIM. II. Van
derbit and his two sons Cornelius and
William) are worth Sl00,000,000. Cor
nelius ii. Garrison is rarely mentioned
now, rs he seldom appears in business
transactions, but he is good for dozen
millions.
Robert L. Stuart, the survivor of the
sugar manufacturing brothers, is esti-
mated at SG,000,000. Judge Hilton is
of equal wealth. He got all this through
his acquaintance with A. 7. Stewart
the merchant prince, who made him heil
to Sl,000,000. The Judge then made an
exchange with Mrs. Stewart, which was
immensely in his favor. Robt. l.. Ken
nedy, nephew of James Lenox, is esti
mated at S5,000,000. He gave Sl0,'
600 picture to the LenoX Institute (Mun
kasey's Milton), and will no doubt make
some other handsome benefactions
Robert and Ogden Goelet, who are the
heirs of the immense Goelet estate, are
estimated at $4,000, 900. The Astor,
are worth more than $100,000,000, ant
are carefully boarding their wealth. Mis-
Harriet LenoX, who is the heir of hel
bother James, is probably worth 81,
100000, the interest of which she give
away in the manner formerly praclice(
by her philanthropic brother. Mis-
LenoX is no doubt dispensing large
amount in charity than any other woman
in America. Peter Cooper is the oldes
of our capitalists, and also the most phil
anthropic. He is now in his ninety frs
year, but Notwithstanding his advanced
age is still in possession of all his facul
ties, He is estimated at $1,000, 900, al
the fruit of industry and good manage
ment. His institute continues to be
grand public benefaction, and he ha
recently added all the modern improve
ments. George Law is next in point @
age, being now eighty-two. He weigh
nearly 800 pounds, and this has seriousl
impaired his activity. He owns the DR.
Dock Bank, and the largest part of tn
Eighth Avenue Surface Railroad, his en-
tire wealth being estimated at $4,000
600. What q contrast between these tw
last mentioned capitalists, for, Will
Cooper has been lavish in his benefaC
tions, George Law has never been know
to do anything for philanthropy. II
rose from the working.c class, but doe
not appear to have any sympathy wit
it or with humanity in any shape.
Our Hebrew citizens hold an immens
amount of wealth, but it is chiefly pei
sonal property which escapes taxatio
and is more easily handled than res
estate. The Hebrews are increasing i
very marked degree both in propert
and influence Old as the race may bt
it exhibits no effete features. Will
other nations have gone out of exis
ence, and merely hold a place in hi!
tory, the Jews are on the advance, an
are rapidly growing in the power {
gold One of the richest Hebrews
this city is August Belmont, who is prol
ably worth S3,000,000. This has bee
made in the banking business, in whic
Belmont, as agent for the Rothschild
has had the greatest advantages. H
has avoided speculation, and apple
himself solely to this specially, inves
ing his profits in first-class securitie