McCook weekly tribune. (McCook, Neb.) 188?-1886, 1885-05-07
vANDERBILT's WEALTH.
Tho Enormous Accumulation of the Chief
Millionaire Of the Day.


Millionaire Of the bay.
His fortune was at one time placed
at as high as 5000, ZOO, 900, but good
Judge lately said that he thought $780,
100000 was now nearer the mark.
Still he is the richest man in the
world.
None of the Rothschild's ever had
| anything like his wealth. The bank
ing business of that famous house still,
| of course. goes on in London, Paris,
and Vienna, but 1t is now in the hands
| of young men of the Rothschild fam
| lily, and it's wealth has been distributed
among quite number of its members
by will, as one by one the older men
of the trm died. The combined capt.
tai of that family is now about $780,
600, 900, and some writers have de-
clared that Mr.. Vanderbilt's fortune
exceeded that of all the Rothschild's
put together, but this is an eXaggera-
zion. 1t would not be at all surprising
if Mr.. Vanderbilt's wealth should, be-
fore he departs this life, fully justify
such a statement, but for the present
it is enough TO know that he comes as
near as he does to the figures men
toned, and that he is not only far
richer than any single member of the
Rothschild family, but is, as already
stated, the wealthiest man in the
world. None of the traders of anti
guilty of which we have any record,
none of the present financial barons of
France or England, none of the mon
eyed princes of Germany, Austria, or
Russia, or of the world of haute
finance, anywhere, can really compare
with him IN point of personal posses
sions. Old John Jacob Aston with his
ago, the Vanderbilt of his day, but
even after making due allowances for
the greater purchasing power of money
in those times he came nowhere near
the enormous accumulation of the
chief millionaire of to-day.
His wealth is largely in government
bonds and railroad securities. He
takes an inventory of wealth once a
year. In January, 1888, he told a
friend that he was worth 1874, 900, 900,
and added: 81 am the richest man in
the world. In England, the Duke of
Westminster is said to be worth 200,-
100000, but it is mostly in land
and houses. 1t does not pay him 2
per cent" This was an unusual out
burst of boastfulnesss ON his part. A
year ago he had S54, 900, 900 in govern
ment 4-per cent. bonds, but the
amount was afterward reduced to
$3j, 100000, partly for the purpose of
aiding his sons who lost 100000 |
by Wall street speculations. Later
on, however, he purchased about S10,-
600, 900 more of the 4-per cents, and
he has besides $4,000.000 in the gov
eminent bonds that pay 81 per cent.
His government bonds are worth, as
near as can be stated, $40, 900, 900. |
He owned a year ago 240, 900 shares of |
Michigan Central stock, 500, 900 shares |
of Chicago and Northwestern, 200, 900 |
shares of Lake Shore, $4,000 shares in |
the Chicago and Book Island road, |
10000 in the Delaware and Lackawan- |
ma, besides some 10000 shares in other |
railroads, SO that IN all he held, APP |
proximately, $4,000 shares of rail
road stock. A large part of these he |
still owns. though he is reported to
have sold considerable Lake Shore |
stock.
He owns 100000 worth of rail
road bonds, it Is said, besides s., 200,- |
900 worth of state and city bonds, and |
has 2,000,0 900 i'll various manufacture |
ing stocks and mortgages. He valued
his house on Fifth avenue at $1,000 |
600, the art gallery being worth, with
its contents, S1,000,000. He sold
Maud S. for $4,000 last year His
ordinary expenses in a year, he has
said, were 100000, but his ball given
in 1883 cost him $4,000 extra. Mrs.
VanderDilt's diamonds are valued at
$780, 600. He wears none himself. A
Wall street statisticlan, in referring
to Mr.. Vanderbilt's wealth, said:
"From his government bonds he draws
S2,372, 900 year; from railroad stocks
and bonds, 1884, 900; from miscel-
laneous securities, S576. 695; total in
round numbers, $40, $4,000 a year.
His earnings are thus S2S,0 day,
81. 200 an hour. and S19.75 a minute"
This was a year ago, when his wealth
was reckoned at $500, 100000. The
value of his securities has decreased
since, through the hard times. The
depression in trade has not imprCb-
ably reduced his wealth nearly Sj0,-
000,0 G0, but his fortune and his in
come are of course still almost fabu-
lous.- Cor. Indianapolis J0ur1ut.