The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1885-04-30
WEALTH.
The Enormous Accommodations of the Oh
Millionaire of the Day.

IA u u II III
Millionaire of the Day.
His fortune vas at one time placed al
as high as $500, 600, 900, but a good
Judge lately said that he thought $780,:
600, 900 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 Rothschild family.
and its wealth has been distributed
among quite a number of its members
by will. as m by one, the older men
of the firm died. The combined capital
of that family is now about $3.50, 000,-
600, and some writer's have decls>ed
that Nh. 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 a 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.
non 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, 0O0,-
600 was, forty years ago, the Wander
| bilt 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 ac-
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, 1883. he told a friend that
he was worth $194, 000. 900, and added:
81 am the richest man in the world. In
England the Duke of Westminster is
said to be worth 100000, 600, but it is
mostly in land and houses. 1t hoes 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 cent. bonds, but the
amount was afterward reduced to $685.
900, 900, partly for the purpose of aiding
his IONS who lost $40, 600, 600 by Wal
Street speculations. Later on, however,
he purchased about $40, 000, 008 more OF
the 4-per cents, and he has besides
81, 900, 600 in the Government bonds that
pay three and one-half per cent. His
Government bonds are worth, as neal
as can be stated, $40, 900, 900. He
owned.a year ago 240, 600 shares Of
Michigan Central stock, 800, 900 shares
of Chicago and Northwestern, 200,0 0C
:. shares of Lake Shore, 80, 900 in the Chi.
cago and Rock Island road, 20, 900. 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 1872, 600, 600 worth of railroad
bonds, it is said. besides So, 2O0, 600
worth of State and city bonds, and has
1000, 900 in various manufacturing
stocks and mortgages. He valued his
house on Fifth Avenue at So, 900, 900,
the art gallery being worth, with it,
contents. 81, 0O0, OOO. He sold Maud S
for $4,000 last year. His ordinary ex
penses in a year, he has said, were
5000, 900. but his ball given in 1888 cos,
him $40, 900 extra. Mrs. Vanderbilt
diamonds are valued at $4,000. HI
wears none himself. A Wall Street
statistician, IL referring to Mr.. Wander
bits wealth. said: '.From his Govern
ment bonds he draws 81, 372, 900 a year
from railroad stocks and bonds, 81, 1874,
900; from miscellaneous securities
1915, sos; total, in round numbers, S1O,.
$50, 900 a year. His earnings are thu.
1928, 900 a day, $1,000 an hour, anG
49, Is a minute.
This was a year ago, when his wealth
was reckoned at 5000, 900, 600. Tht
value of his securities has decreased
since, through the hard times. TIT
depression in trade has not improbabl,
reduced his wealth nearly $780, 200, 900 bu
his fortune and his income are of course
still almost fabulous.-N. Y. Cor. In
dianapoiis Journal.
The bows of Turner, Me-, saws tn,