The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1885-05-28
.vANDERBlLT's WEALTH.
The Enormous Accommodations of the Chi
Millionaire of the Day.


The Enormous Accommodations of the Chief
Millionaire of the Day.
HIS fortune was at one time placed at
as high as 5000, 200, 900, but good
Judge lately said that he thought $780,
000, 900 was now nearer the mark.
Still he is the richest man in the
world
Noneof 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 Rothschild family,
and its wealth has been distributed
among quite number of its members
by win. as one by one, the older men
of the firm died. The combined capital
of that family is now about $250,000,-
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
bilt's 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 mem
Der of the Rothschild family, but is, as
already stated, the wealthiest 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 Astor with his fortune of 500, 0,000,-
900 was, forty years ago, the Wander
bilt of his day, but even after making
due allowances for the greater purehas-
! inc power of money in those times he
came nowhere near the enormous ae-
emulation of the chief millionaire of
to-day.
His wealth is largely in Government
bonds and railr lsecurities. He takes
| an inventory wealth once year.
In January, 1855, he told friend that
he was worth S194, 100000, and added:
81 am the richest man in the world. In
England the Duke of Westminster is
| said to be worth $500, 100000, 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 S54 900, 900 in
/ Government 4-per cent. bonds. but the
amount was afterward reduced to $780,
100000, partly for the purpose of aiding
his sons who lost $4,000, 900 by Wall
Street speculations. Later on, however,
he purchased about 80, 900, 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. Hi:
Government bonds are worth, as neal
as can be stated, $70,000,000. He
owned year ago 100000 shares o
Michigan Central stock, 100000 shares
| of Chicago and Northwestern, 100000
shares ofLake Shore, ZOO in the Chi
cago and Rock Island road, 10000 il
the Delaware and Lackawanna, beside
some 10000 shares in other railroads
so that in all he held, approximately
$4,000 shares of railroad stock.
large part of these he still owns, thougl
he is reported to have sold considerabl
Il Lake Shore stock
He owns $22, 100000 worth of railroa
bonds, it is said, besides So, ,200,0
worth of State and city bonds, and ha
$2,000,000 in various. manufacturing
stocks and mortgages. He valued hi
house on Fifth Avenue at $3,000,000
, the art gallery being worth, with it
contents, $1,000, 900, He sold Maud S
for $40, 900 last year. His ordinary eS
penses in a year, he has said, wer
5000, 900, but his bali given in 1888 cos
him $4,000 extra Mrs. Vanderbilt
diamonds are valued at $150,000. H
! wears none himself. A Wall Stree
statistician, in referring to Mr.. Wander
bits wealth, said: From his Cover
! ment bonds he draws S2,372, 900 yea
from railroad stocks and bonds, $7,394
: 600; from miscellaneous securities
! S576, ,695; total, in round numbers, $40
, $500 year. His earnings are thu
: $4,000 day, $1,000 an hour, an
! 1913 a minute.
: This was year ago, when his veal
! was reckoned at 100000, 900. III
value of his securities has decrease
since, through the hard times. III
? depression in trade has not improbab
; reduced his wealth nearly $50, 900, 900 b
). his fortune and his income are of eour
= still almost fabulous.-N. Y. Cor. Il
d6GRdp0tis Journal.