The Republican. [volume] (Oakland, Md.) 1877-current, 1885-05-02
VANpERRILT,S WEALTH.
The Enormous Accommodations OF the Chief
Millionaire of the Day.


Millionaire of the Day.
His fortune was at one time placed at
as high as 5000, 900, 900, but good
Judge lately said that he thought $780,
| 900, 200 was now nearer the mark
Still he is the richest man in the
world.
None of the Rothschilds ever had any,
thing like his wealth. The banking
business of that famous house still, of
course, goes on in London, Paris, and
Vienna, but it is now in the hands of
young men of the Rcthschild family,
| and its wealth has been distributed
among quite a number of it's members
by will, as one by one, the older men
Of the firm died. The combined capital
of that family is now about $25O,00
600, and some writer's have declared
that Mr.. Vanberbilt's fortune exceeded
that of all the Rothschilds put together,
but this is an eXaggeratiOn. 1t would
not be at all surprising if Mr.. Wander
bits wealth should, before he departs
this life, fully justify such statement,
| but for the present it is enough to know
| that he comes as near as he does to the
figures mentioned, and that he is not
only far richer than any single men,
| Der of the RothschiEd family. but is, as
| already stated, the wealthest man in
the world. None of the traders of an
| tiquity of which we have any record,
none of the present financial barons of
| France or England, none of the monied
princes of Germany, Austria or Russia,
or of the world of haute finance any,
where, can really compare with him in
| point of personal possessions. Old John
Jacob Aston with his fortune of 500, 000,-
900 was, forty years ago, the Wander
hilt of his day, but even after making
| due allowances for the greater purchas-
ing power of money in those times he
| came nowhere near the enormous &C
emulation of the chief millionaire of
to-day.
His wealth is largely in Government
bonds and railroad securities. He takes
an inventory of his wealth once a year.
In January, 1888, he told friend that
| he was worth $194,0 100000, and added:
81 am the richest man in the world. In
| England the Duke of Westminster is
said to be worth $500, 900, 900, but it is
mostly in land and houses. 1t does not
pay him two per cent" This was an
| unusual outburst of boastfulness on his
part A year ago he had $54, 900, 900 in
Government 4-per ceht. bonds, but the
amount was afterward reduced to $685.
| 100000, partly for the purpose of aiding
| his sons who lost 100000, 600 by Wall
| Street speculatiOns. Later on, however,
| he purchased about $4,000 900 more of
| the 4-per cents. and he has besides
| $4,000, 900 in the Government bonds that
pay three and one-half per cent His
Government bonds are worth, as near
| as can be stated, $40. 600, 600. He
owned year ago 240,00G shares OF
| Michigan Central stock. 800, 900 shares
of Chicago and Northwestern, 200, 200
| shares of Lake Shore, 30 900 in the Chi
cago and Rock Island road, 10000 in
| the Delaware and Lackawanna, besides
| some 10000 shares in other railroads,
so that in all he held, approximately,
| $4,000 shares of railroad stock. A
| large part of these he still owns, though
| he is reported to have sold considerable
Lake Shore stock.
He owns S22, 100000 worth of railroad
bonds, it is said besides 50, 200, 900
worth of State and city bonds, and has
S2,OOO,O0O in various manufacturing
stocks and mortgages. He valued his
house on Fifth Avenue at $4,000, 900,
the art gallery being worth, with its
contents, S1,000,0O0 He sold Maud S.
for $4,000 last year. His ordinary ex-
penses in year. he has said, were
| 100000, but his ball given in 1883 cost
him $4,000 extra. Mrs. Vanderbilt's
diamonds are valued at $4,000. He
wears none himself. A Wall Street.
statistician, in referring to MIR. Wander
bits wealth, said From his Govern.
ment bonds he draws 1882, 900 a years
from railroad stocks and bonds, 81, 394,-
| 900; from miscellaneous securities,
1915, 695; total, in round numbers, $10,-
100000 year. His earnings are thus
$2S,00O a day, $1,000 an hour, and
$3.50 a minute.
This was year ago, when his wealth
was reckoned at $200,00O,0O0. The
value of his securities has decreased
since, through the hard times. The
depression in trade has not improbably
reduced his wealth nearly $50, 900, 600 but
his fortune and his income are of course
still almost fabulous.-M Y Cor. In
dianapotiS Journal.