The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-10-27
MANY MuLtIoNAIRrs
Men who Have More Money THAI They
Know What 20 do With.

I ''ss~s w wv ttAtus
The wealthiest individual who dabbles in
Wall street of course is William II. Wander.
bit He did not appear as a heavy operator
until after the death of his father, the late
Commodore Vanderbilt, who len his favored
son S6S,0Oo,0O0. Since that time he has
added to his vast capital by judicious in
veStments, until now he is credited with be-
ing worth Sl9O,0oo,OO0. This is divided up
in real estate, United States per cent
bonds, Lake Shore, New York Cen.
tral, Canada Southern, Michigan Cen
tral, and Chicago n Northwestern stock. He
Is the heaviest individual holder of govern
ment securities in the world, his daily in
terest account from this source alone
amounting TO nearly $500. Jaw Gould
ranks next 10 Vanderbilt, his wealth being
estimated at $76,OO,00O, which. with the
exception of $500 600 in real state. i an in
vested in railroad and telegraph securities.
The honor of being the third lsrccst posses
sor OF wealth on Wall street, IS divided be-
tween several gentlemen w..p touch their
holdings by the millions, and who are yari-
onsly estimated TO be worth from 100000
to SlOiOOOOOO. Among those are James X
keene, u. q. Mills, and Thomas Maitland.
When MIR. keene made his debut in Wall
street few years ago, he was cred.
tied with transferring from San Fran
cisco to Wall street $ll,U0,0OO. Since
then he has met many severe reyerses,
but has added TO his store in other Iii
rectlons and II is safe TO say that he is
worth at least $4,000 900 to-day. Mr.. Matt
land is believed to be possessed of 5000
600. A good story is told by him, showing
the caution he exercises in making invest.
ments as well as his total indifference of
adding to his vast wealth Recently he was
Invited to take the initiative in improving
the Long Island railroad property. Ii was
shown clearly to him that by building the
bridge from upper New York across Black.
wells island to Long Island, and iudicious
change in the time tables and running ar
rangements, the investment of 5000, 600
would make handsome return. Mr.. Matt
land examined the details of the project
closely, regarded 1t with favor, and felt con
WINGED OF its assumed success, when he
turned toward his friend and said:
II am getting along well in years, and
want to avoid all the annoyance possible
But this will add greatly to your pos.
sessions, pressed his friend.
II have all the money that want, sir"
was the response. 81 have trouble enough
with that, and desire no more. have no
one to leave il to, and any additional treas
ures would add to my Inconvenience |
am fully content with what | have, and |
shall enter into no more speculatonsn
The Seligmans also count their gains by
the millions, so divided up between the
brothers as to leave at least $1,000 900 10
each. August Belmont is another of the
millionaircs. lie continues to manage the
affairs in this city ofthe famous Englsh bank
ing firm of n, NJ. Rothchild Il Sons, and is
put down ms worth NJ least S2,0O0,OOO.
George !. Scney, president of the Metro.
politan bank, is another man whose actual
wealth is unknown, but who is believed TO
be worth between 5000 900 and $4,000. 900.
Cyrus w. Field has been very successful in
his speculations. his cable, Wabash, and
elevated railroad stocks and bonds having
melted him handsome profit. Mr. Field
is set down ms worth ", 10000.
Wall street is full of business men whose
wealth varies from $780, 900 to $1,000, 600,
most of whom live sumptuously and
enjoy life to its fullest extent but who
are daily toiling for more and more
gains. H. Victor Newcomb, president of
the United States national bank, and for.
merly president of the Louisville & Nash.
vile railroad company, is said TO be worth
over S3,WO,OO0 His successor in the presi.
dency of the Louisville ~ Nashville road,
{. Z. Baldwin, is estimated at between 81.
100000 and S3,0OOOO. II. G.. Fahncstock.
yice-president of the First National bank
suffered q heavy reverse when the firm of
Jay Cooke X Co., of which he was men,
Der, failed. Mr.. Fahnestock, having nil
his Liabilities, is ranked AS worth fully ST..
100000. Among other millionaircs are ex
Surrogate Jenkins Van Schaick, +. Is. Wal.
lace, ID. u. Hatch, Henry Clews, J. u. Yer
milye, Henry ID. Willard and Moses Taylor.
New York Star.