The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1885-12-16

St. Bartholomew Church, at Madi
son avenue and Forty fourth streets
of which Rev. DIR. Cook is pastor
Mr.. Vanderbilt was vestryman ii
the church, to the construction o.
which he had contributed largely
The sexton of the church was charg
ed with the funeral arrangements.
At Mr.. Vanderbilt's own desire be
will be inferred in the family mau-
soleum at New Dorp, which has just
been completed. 1t was one of the
last acts of his life to turn over By
deed for 81 all the old property Of
the family on Staten Island to bis
son George, to do with as he desires,
and for this purpose father and son
went over the land together last Sat-
urday, incidentally inspecting also
the Just completed mausoleum.
Cornelius and William X. are both
actively engaged in the management
of the family railroad interests, and
will SO continue. Cornelius is the
Chairman of the Board of Directors
of the New York Central and the
Michigan Central. aud William X.
holds the same office in the Lake
Shore and Nickel Plate systems.
Frederick, wLo is about thirty-two
years old, is a director in all the
roads.
Mr.. Vanderbilt was, it is thought,
richer than any single member of
the Rothschild family. The Duke
of Westminster is said to be worth
s200,0O0,000, but Mr.. Vanderbilt was
richer, because the Dukes money
only pays him about 8 per cent, be-
ing mainly in lands and houses.
Mr.. Vanderbilt had much larger
income. Last year he held S54,-
100000 of 4 per cent. bonds, and
later he reduced this amount to $780,
100000. His government bonds
were worth almost s75,000,000. At
one time he owned 240,0O0 shares Of
Michigan Central. 100000 shares Of
Northwestern. and 100000 shares of
Lake Shore. He is said to have sold
considerable Lake Shore lately max
ing in all about 100000 shares of
railroad stock; also s22,OOO,OOO
worth of railroad bonds. S3,200,0O0
of State and city bonds, and $1,000
600 in various manufacturing stocks
and mortgages. He valued his
Fifth-avenue residence at 100000.
His ordinary household expenses
were 100000 a year. In 1884 he
gave bali that cost $4,000. He
loved horses and was good judge
of horse flesh. He sold Maud S. for
$4,000. Although his fortune
shrank materially through decline
in stock and through business de-
preston. the bull movement of the
past few months brought it up again.
His income was calculated as fol-
lows: S2,372,000 year from Gov
eminent bonds, 81, 1874, 900 from rail-
road stocks, s676, ,695 from miscella-
neous securities; total, over 10000
a year, or s2S,000 a day, s1,200 an
hour, or Sl9 70 minute He made
no ostentatious display OF his wealth
and was charitable, although in this
he had to be quiet or he would have
been overrun by impostors. He was
shrewder in business than many
ne was he knew enough |
10 sell 250,000 shares of New York |
Central five years ago at 120 and
buy Governments at par.
Mr.. Vanderbilt had made will |
What its provisions are is not known |
20 any one outside of the family and |
lis confidential counsel and friend,
Mr.. Depew. Blu. the Vanderbilts
we're a very united family. Mr..
Depew ventured to predict that Mr..
Vanderbilt's railroad properties |
would be managed as heretofore.