The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1883-01-04

w.a H. "a'ioh. In this situation be
,Iora na ',e ,, executive officer of the Commo
uu,e, @ VINO gradually placed more anf
'oie leiiahce upoL his sons iudgmen,
aha energy. At the death of the Con-
iiouore .; u was found that with the excan
t;ols OF lew trifing legacies of n MI
non apiece his other children he had ler
me me 6ulk of his fortune to William II
ahdcrbilt. whose life since thar no,
oeeh public one. Unlike bis E,tL.r ho
10 IL patron OF art and loves pictures ~.
most as well as horses. His colIect;o, -,
Pnc'ures Is one of the best in tho S.u
word, no less than seven of them he;no
Yalued at more than $25 900 aniecas
having got to the point where the ord;
nary expenses Of living. even unon ,h,
magnificent scale upon which Le i;vaa
ale al, n"' worm taking into consideration
mheh making up the balance sheet n,
the ehu OF the year, he knows how Ia
spenu the millions which goes for the
hecessarles of life" ia such u way tha,
ART workmer all over the country gc,
some benefit from it and, unlike his ia.
ther' he spends large sums of money
upon scuiPtors, painters and decorators
ne taxes more pleasure in admirinq his
pictures and driving his fast horses than
10 the Wall street operations. which were
the OLD Commodore's sole delight Per
maps the fact that William II. Wander.
olst cares for other thinos bevond nancy
making explains what ,s thought to he
his want OF skill in manipulating "1he
street., an operation which to man of
his enormous wealth offers propor:ions,e
gains. lie has several times said that
there were dozens Of men in Wal, street
who could "sail all around him" in ,he
way OF speculation, and Wall street be.
ileVeI IT: 10 fact when Vanderbilt
bought his fifty millions of four per cent.
Government bonds two years ago it was
said i'll Wall street that he wanted to Law
by something against the time when jaw
LIQUID would have captured all his rail.
ROADS; What successes in Wall street
gambling Vanderbilt has had have been
que TO the mere weight Of his money
rather than to sagacity, just as big man
without any pugilistic science may some.
times crush little man who is brim.
ming over with science, but does mt
weigh enough. Gould is credited with
the science and the money weight too,
and the result Of the inevitable conflict
between these two for supremacy in the
railroad world is considered foregone
conclusion by the Wall street fraternity ::
Gould will use Vanderbilt up so far as
his railroad properties are concerned.
But As Vanderbilt puts by several million
dollars a year in bonds and lands he will
be able to relinquish his railroads and
still have enough to keep the wolf from
the door. Notwithstanding want of
skill Vanderbilt is considered lucky in
Wall street, and ii is said that he never
lost money but once, when he w;ls cleaned
out Of $4,000 worth Of New Jersey bonds
which the old Commodore had, in fit
OF generosity, given to him. Report
says that the bonds were traced into the
hands Of the willy Commodore, who ex-
hibitcd them to his son with the advice
"Sonay, never sell what you have not
got, and never buy what yDu cannot pay
for"
THE VANDERBILT FAMILY.
Vanderbilt has eight children and
eleven grandchildren, His four daugh.
ters Gre married to New Workers, and
two have been presented with small pala-
ces costing $G90,G00 apiece, while he
is building houses for the other two ct
the corner of Fifth avenue and Fifty
fourth street adjoining st. Thomas's
Church. The ground for the two build
ings cost 100000 last spring, and sup
pose the houses will cost double that.
His two eldest sons, Cornelius Wander
bilt, Jr., who seems destined to occupy
toward his father the same relation that
William H. held to the Commodore, and
William X. Vanderbilt, the second son,
are already millionaires in their own
right, aud are now finishing palaces
which even eclipse the new house which
Vanderbilt moved into last year. Cor.
nelius Vanderbilt is the financicr among
the son=, while William L. is the sasthet-
ic member Of the family, having en.
ployed Richard NJ. Hunt 10 build his
white stone chateau ut the corner Of
Fifty second street and Fifth avenue,
and having paid $2S5, 900 for the carving
alone on the inside OF his house. Some
Of the tapestries for his house are now on
exhibition ut the Metropolitan Museum,
while the painters and decorators are
giving the last touches. The house has
been three years in building, and has
occupied the whole time of two archi-
tects, working under Hunt, and six
ughtsncn. The designs for one OF
the mantes alone required three months
work by two men.
ON WALL STREET.
For reasons best known to the many
Wall street lambs who have been tieeced
past endurance, the Vanderbilts are not
loved on "the street." 1t is natural that
a man controlling several important rail
roads should be able to give points" or,
in other words, valuable information as
to the drift of the market, and 1t has
been charged over and over again that
Vanderbilt is fond of giving points-the
wrong way. During stock excitement
last year it was snid that he "cleanel
out" a score Of his best friends who had
taken his advice in regard to stock oper'
tiops. aud had lost their whole invest.
ments. More than that circumstantiai
story went the round of the newspapers
to the effect that Vanderbilt had gone
to one of his oldest friends, retired
merchant, and advised him to invest
heavily in certain stock which would
certainly go up by a certain day: Instead
ot going up the stock went down, and
Vunderbilts old friend lost his whole
fortune, having been victimized by the
millionaire. This story is most unlikely
for two or three reasons. The notion
that man of Vanderbilt's wealth would
swiudle an old friend for the sake OF
few hundred thousand dollars liz not t"
he believed for a moment, unless we con
slider Vanderbilt rs sort of moral mon
s,er devoid of all honesty and conscience.
From what is kllDwn Of him he IN per-
tectly incapable of any such "tr"c''us
trpasOu