San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1883-03-29
vanderbilt's Wealth.
New York Correspondence San Frar,,... .


New York Correspondence San Francisco Can
Popular estimates of Vands,h,p
wealth range all the way from tha.s
hundred to six hundred mil;ou uie
There can be no exaggeration ; IN a
lowest of these figures, and NAV i ae
but little in the higher. SPEAKING t -
a Times reporter the other dav az "
a reported retention of bonds bv n W
New York Central, Mr.. VanS,s %s
stated incidentally that he bimsa,s
held between sixty and seventy ma
lions of the stock of the New yn%
Central, which pays regular diyidenSa
of one per cent. month; that ths,s
was about one hundred millions =
the Vanderbilt family, and bes;d -
this he was large holder in tSs
bonded debt of the company, wb;.s
ranks at over par. Add this to s;ytr
odd millions of registered Un;tsS
States bonds that stand in his nama
and the enormous interestheis known
to hold in other railroads, his wool
estate and properties ofvarious kinds
and the aggregate must be sometbina
enormous, making him beyond douE
the richest man in the world. M,
is there probably in the whole coun.
try a man who lives ona smaller pro.
portion of his income than does This
millionaire. For a man of his wealth
he is exceedingly economical, and If.
respective of stock speculations, in
which, with his immense command
of capital, he is always winner, and
the growing appreciation of all his
properties, he must, out of the sheer
savings from this income, be adding
millions every year to his ALREADY
enormous fortune. Vanderbilt is
said by those who know him to be
ve dull and stupid, by no means
the equal of his father in those quail.
ties which enabled the Staten Island
boatman to become the great steam.
ship commodore and finally the un.
rivalled railroad king. Buthe hasal
the plodding sagacity that enableshim
to hold on to what he gets, and he
has surrounded himself in the man.
agement of his great railroad inter.
ests by the best executors and ad.
visers. Should he live as long as his
father and be succeeded by another
Vanderbilt of the same kind, it is a
curious speculation as to what the
Vanderbilt fortune will amount to, or
perhaps rather what there would be
at the end of the third generation,
left for other people. Yet if Gould
were twenty years younger it is in the
possibilities that he might easily dis
lance Vanderbilt before it came to his
turn to start for that land where
earthly wealth cannot be taken, for
he, with all the money-making quail
ties of the first Vanderbilt, has
reached that point where the millions
roll up of themselves, even though
their possessor be a fool Oh idiot. Ad'
mission to the picture gallery in
Vanderbilts new house on Fifth
avenue is to be had on two afternoons
in the week by previously writing for
tickets of admission, and is awaited OF
by people who not only want to see
the pictures, but to behold for them
selves the inside of the house OF the
great millionaire. Not much of it is
to be seen, however, but what there
is is very fine and costly. Your Cali
fornia millionaire, Gov. Stanford
quietly occupies Vanderbilt's ola
house, having his office in Mills
bullding--the erection of another 1:l
California millionaire, who, since his
daughters marriage with Whltelav
Reed, has bought out the mortgage
held by Jay Gould on the Tribune anu
taken the paper founded by Horace
Greedy into the family.
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