Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1884-03-29
VanderbiIt's Wealth.

New York Journal: At the begin
, ming Of every year Mr.. w. II. Wander
Bit makes it an invariable custom t.
take Il careful inventory of his immense
property. His strong boxes are then
opened, their contents counted, and
from the total the profit for the year is
rcckoncd. In January, 1883, he told All,
intimate friend, who had dined with
him that day, that he was worth $l94,-
900. 900.
81 believe am" said Mr.. Vanderbilt,
"thc richest man in the world" In En-
gland the Duke of Westminster is said
To be worth 5000 O00, 600, but it is mostly
in lands and houses. 1t does not yield
him per cent. a year from now
shall be worth more than $500, 100000,
and will have an income equal to 8 per
cent on that amount"
When his talking fit had left him the
modern Midas repented his hasty speech
and asked that it be not repeated, claim
ing his words were but boastful and his
wealth exaggerated.
\ few days ago Mr.. Vanderbilt sent
some papers to a gentleman with whom
he had business relations On looking
over them the recipient was astonished
10 find the rough draft Of memoran.
dunn in the czar's peculiar handwriting
II was dated January Is, 1884 and was
evidently his last balance sheet, which
by oversight had been folded inside an
other paper. OF course the secret could
not be kept and the figures reached the
Journal. An error or two may have
crept in on their travels, but in sub
stance they tell the following:
Mr. Vanderbilt has registered in his
name and in coupon bonds S54 100000
in per cents. maturing in 1907. He
has lately added to these "a 4,OO0,O0O in 81
per cents and yet retains trife over
: 100000 in 6 per cents. The per
cents are worth l34, and the market
valne Of his governments to-day is $40.
$50 600.
But the bulk Of the wealth of the king
of mil'ionaires is invested i'm railroad
securities. He holds 100000 shares of
the Michigan Central stock. 100000
shares Of the Northwestern, including
so, 900 Of the preferred stock, and block
Of omaha, 100000 shares of Lake shore
and 900 shares Of >ew York Central.
Besides this are similar amounts in a
score Of other stock, among which are
Rock Island of which lac held 10000
shares, and Lackawanna. were the total
was 10000 OF the others he had i'm all
u $40; a grand total Of 930, $40 shares of
stocks.
OF various railroad bonds there was
IN aggregate OF S22 10000, and of state
and city bonds, $500 600 In miscel-
laneous securities, manufacturing stocks
and mortgages the sum Of about $1,000
Oo0 was shown 10 be invested.
Rcckonin. ut yesterdays prices the
value of Mr.. Vanderbili's railroad stocks
is SOS, 10000, of his governments $70,-
$4,000, Of his railroad bonds $685.
800, Of his other securities Il trihe over
s5,00O,0o0. The aggregate is $2Cl ,332,-
Alb.
The szar can take life comparatively
easy on an income Of $4,000, 900 a year
a nd watch his wealth pile up without
any effort of his. From his government
he draws s2372OO0 year; from his
railroads and bonds 81 374 $50; from his
securities, $575,695, or
$l03i2,Ol5 from his investments alone
Thus every day they earn for him $685.
334.25. Every hour sees him $l,lS0.59
richer, and every minute means $lO.67
added to his hoard. Besides this he
calculates to make $2,OOO,O00 every year
by fortunate sales. His reinvestmens
last year, he c. lculates did this.