Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1888-06-28
WEALTH OF RoTHscHILps.
s,ow rnen Foundea Thelr For.unes

WEALTH OF ROTHSCi1ILDS.
How They Founded Their Fortunes
From tho Washington Post
The Rothschilds are said to be the
richest family in the world. They
have banks in the leading CAPT.
tails of Europe, and kings and govern
ments are among their customers.
The Paris branch of the banking firm
Is said TO keep capital of $500, 0Q0,-
900 at its command, and hardly
war is begun in Europe for which the
funds are not furnished by this fami-
iy Still five generations ago the
blood which nov rules these millions
was selling old clothes iii the Jewish
quarter OF Franktort-on,the.M Main,
aud when Madison was president the
first Millionaire died, leaving only
So. 900, 600
once visited the home of all the
Rothschlds at Frankfort, and looked
atthe little baukine-hoase whore years
ago Anslem Meyer Rothschild began to
take articles on pawn and To shave
notes for so much per cent. lt is IN
the dirtiest part OF Frankfort, and 1T
has about the same surroundings as
Five Points, New York. The street
is dirty, its Inhabitants are secof:d-
hand clothiers, and it bears much the
same aspect now az it did when the
mother of al the Roshschilds gave
birth TO the tinancier who laid the
foundations of this immense wealth.
The Rothsclnldsow own theirold property
here to-day. and their bank still he's
branch here.
When Arselm Rothschild died leav-
ing this So, 900, 600 to his FIVE sons
he made them promise to keep the
fortune in the family and to carry on
the business. together. They kept
their oath, and it is this policy that
has been the handspring of their sue
cess. Through generations they have
worked together, married together,
and their millions have bred faster
than their families, One OF these
boys stayed at Frankfort, another
went TO Paris and established bank
there, a third, Nathan, settled in
London, a fourth settled in Vienna
and the fifth opened a bank in Naples.
All OF them made money very rapidly,
and Nathan at London made his mil.
lions breed faster than Australian
rabbits. He went to the Continent
during the Napoleonic wars and from
the knowledge there gained speculat-
ed OH the rise and fall of stocks. He
witnessed the battle OF Waterloo and
by relays OF horses and II fishing
smack reached London In advance of
all other messengers. The telegraph,
was then unknown and his news was
the first brought in. The news he
gave out was that Napoleon had con-
auered. or at least this was the news
that was spread all over London
after his arrival Stocks went down
like a shot and Nathan was offered
loads OF them, He refused to buy
but had his agents purchasing all the
lime. The next day the true news
came and stocks jumped upward.
Nathad Rothschild made, it Is said,
| So, oOo.0 by the deal.
The Rothschilds hold high social
positions in the various countries of
Europe They have mobiles among
them, AMI their money has bought
them titles. They ale family of intel
| leetnal and artistic tastes. and with
all their wealth they have been some
what charitable. The idea prevails
among the Israelites that it is their
/ intention at some future time to buy
Palestine and give it back to the Jews,
and they have already established
hospitals at Jerusalem.
Some of them have been horse lovers,
and Baron Rothsehild owned Fav-
onia, one OF the famous horses that
have won the Derby. They believe in
| enjoying their wealth and like to have
nice things about them. One oil the
Frankfort Barons not long ago paid
| 100000 for silver cup which he
wished to use for as a ceuter.piece of a
| table service which he was making up,
| and one OF the Vienna Barons has a
| stable which cost him $4,000. This
stable has marble lloors. encaustic
| tiles painted by distinguished artists,
and its walls are frescoed with scenes
done by well-known painters. The
rings, chains and fittings OF the stable
are silver. and one box-stall Tor Ia
vorite horse cost, it is said, $4,000.
The income OF the owner OF this
stable is about 1000 day.
The biggest income of any single
man in England is said to be that OF
! the Duke of Westminster, who has
miles OF tenement houses and many
square miles OF agricultural land.
! He is said to receive $50 q
minute the year round, or So, 900 an
| hour, or $72, 900 day. Queen Vic
| toria has also u nice income. and it is
estimated that she hasrecelved nearly
one hundred millions of dollari since
she assembled the throne. The Dukes
| OF Devonshire. and Norfolk ana the
| Marquis OF Butte have each rents
amounting to $2,oO0.000 per year,
and the Duke OF Portland, after ex.
trava2ancies like those OF Monte
1 Cristo, accumulated $4,000, 600 of
unentailed property during his life.
| The tax OF England Is largely an IN
come tax and it Is possible TO tell
something OF the fortunes OF her citi-
zens from the amount OF income re-
turned OF course this is always less
than the real amount received. Still
it makes ones eyes open to know that
Lord Durham owns S13,300.000 of
personal property, that the Duke of
| Portland gets u million q year from
! his real estate alone and that the two
largest returns nj personal property
were made by men who do not belong
TO the nobility. Mr.. Grassy, "a rail-
road contractor, acknowledged to
having S3o.aoG, 900 personally, and
Mr.. Morrison. n dry goods man, $780,,
100000. Lord Daley, che of the
large owners OF England's coal mines.
| had Tor years AN income OF over
SIS, 100000 from this source alone,
and the Duke OF Buccleuch gets
Sl,13o,0po a year from his lands. In
! 1872 there were more than 1,5U0
men in England who had incomes
OF over S25,O0a a year, and there
were S57 men VINO had incomes rang
] ing between 100000 and S250.o00
/ yearly. 1t is said that there are more
large fortunes in the United States
than in England and that the English
millionaires spend their incomes more
! freely than do the Americans. This
may he true, but doubt it.
Very Strange Adventure.