Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-12-10

total. over sl0000. 900 year, or e2s,-
GOO . day, or Oil, 200 an hour. or sl9.Io
= minute.
Gsu,s nm the Eject az vsDderbtit's
Bsafn.
A New York telegram says: Jay
Gould, in an interview with reporter
Of the Associated Press this evening,
said "Mr. vanderbilt's death was
certainly q surprise to me and sad
one. too. His death will be great loss
to the world Of business and finance,
for he certainly was the foremost figure
10 many Of the greatest enterprises that
have been carried out in this country
during the past twenty-five years. L
first met and became acquainted with
Mr.. Vanderbilt in 1867. At that time
| was president Of the Erie railroad and
he was vice-president OF the Hudson
River railroad. / found him to be
man Of wide resources and sound judg-
meut. Afterwards he became vice.
president Of the New York Central and
| figured extensively in the building up
OF the business Of that road. Our rela-
tons UP to the time Of his death had
always been Of a pleasant character" 4
What is your opinion of Mr.. Vans
| derbilt as a financiery"
~ have for many years considered
| Mr.. Vanderbilt as man of unusual
ability in the management of large
financial interests. When his father
died and he came into possession of his
vast fortune Mr.. Vanderbilt was not
long in demonstrating his ability to
manage the property which had been
intrustcd TO his care. He made no move
upon the checker-board Of finances
until he felt satisfied that, his move
was a safe one to make. He would not
run a great risk unless he was abso.
lutely compelled by force Of circum-
stances, which | assure you was not
very often. His judgment on values
was always sound. Few men have
made so few mistakes in the handling
of financial interests as Mr.. Wander
bilt. He was not bold venturer or
operator. He seemed to be satisfied
with small or at least fair return for
his investments. so long as they were
sound"
Gould you give me an estimate Of
Mr.. Vanderbilt's wealth."
"No, | do not think | am able to
give anything like fair estimate, al
though have known him in a business
way for long time. 1t is quite GER
tain, however, that he was by far the
wealthiest man not only in New York,
but in the entire country. He always
maintained reticence upon the value
of his own property. Boosting in that
line was entirely beneath him. never
heard him so much as intimate the ex-
tent of his fortune"
"What effect will his death have
upon the stock market, and especially |
upon the stock Of the New York Gen.
trail road?"
:" 1t will be safe to say that his death
will have the effect of depressing the
market, especially in those stocks in
which he had large holdings. These
are the New York Central, the Lake
Shore, Michigan Central. and the West !
Shore roads. Mr.. Vanderbilt held only |
100000 out Of the 100000 600 Of |
the stock OF the New York Central. |
The most Of the stock is held by capi-
talists in Europe. You can see that
his holdings of this stock are smaller
than was supposed by many. The death |
of the financier will not, am quite
certain, have other than temporary
effect in depressing these stocks. The
property is all good and reliable invest
ments. II the market values Of these
stocks fall off few points tomorrow
they will 60 back again to their original
value in few weeks. Should Mr.. Van
derbilts holdings be thrown upon the
market there are plenty Of capitalists
who would be glad to purchase them at
a fair figure"
j. p;erpont Morgan said that Mr..
Vanderbilt's death would have little or
no effect upon the stock market; that
the West Shore negotiations would 60
on as before, and that cablegram had
been sent to London with the informa-
ton of his death, which no doubt would
be received there with great deal of
regret.
Pool Commissioner Fink said that
Mr.. Vanderbilt's death would have no
effect on the pooling arrangements, as
be had been out Of the arrangement for
some time. No doubt the death Of such
| Appointment man would be felt as great
loss by the mercantile world.
Henry Clews said that the death Of
Mr.. Vanderbilt no doubt would have
some effect on the market. as it would
be used by those who always sought to
make capital out of a calamity, but that
this would be OF serious character
there was nothing to fear.
The Miliionafre's Love OF Art and His
Art Treasures.
New York Tines
In the matter Of paintings Mr.. Van
derblt acted with the same wholesale
layishness shown in the building and
appointments Of IS house. Delicate
paintings by Lefebyre, arranged so as
to cover the ceilings, were ordered at
prices that made the Partisan artists
mad with envy, and, guided by astute
dealers in pictures, Mr.. Vanderbilt
frequentea the ateliers of English and
French artists. "Le Bourget," one of
the finest large paintings made by De
Neuyille after the Franco-Prussian war,
was recently sought by the French
Government. 1t is in Mr.. Vanderbilt's
gallery, and the French cannot buy it.
A very lovely and large ideal scene by
Turner is the best English painting
he owns. 1t has name, though
. the scene is fairylsnd, being
picture Of Norham Castle. Millais
' contributes I" Bride of Lammermoor,
(. and Sir Edwin Landseer "After the
0 Chase" OF Sir Frederick Leighton
I there in an Odslisque," and Of Alma
v Tadema Down to the River" and
s Z" Entrance to Roman Theatre" The
l. Hungarians, Munkacsy and Pettenko-
g fer, are represented by pictures in the
second rank. There is specimen of
Il the Belgian, Legs, and the Spaniard,
}. Fortuny. The great bulk Of the col