Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-10-07
THE MELLIONAIRES.
STATISTICS THAT ARE ALWAYS IN
TERgsTIH6"
Eomething About the Exceptionally Rich
Men 700 Men in tho World worth
over 100000 Zach.

The affairs OF mllilonaresi says
fine 81. .JaDes Gazette, are always IN
terestinc. There are not really many
rillionaires in the world, although re-
puted milliOnaires, like reputed centena-
Rams. are numerous. "From statistic
inst published dealing with the richest
men living we learn" it has been said,
"that there are about 700 with over q
million sterling, of whom 200 reside IN
ENGLAND. 100 in the United States, lOO
in Germany and Austria, 70 IN
France. 80 in Russia, 80 IN India,
and l25 in other countries. Ststlsll-
clans are usually so fond of giving
exact figures that these round numbers
rather tend TO suggest doubt OF the per-
feet trustworthiness of the "statlstics
inst published" / he vagueness OF "l2o
in other countries" ls especially notice
able. The item seems, like the ." Tor
gets " in lady's account book, thrown
in to mskethe addition balance. whence
the compiler Of the statistics obtained
bis information there IS nothing to
show. Millionaires are not usually com
muni,ative about the amount oil their
wealth. Income tax returns-ln ing
land. at anv rate-are not available Tor
the inspection OF eve Y one. Yet the
statistics just published purport TO
give an exact account not only OF the
capital but of the annual income OF
dozen Of 1.-THE richest amongst those
millionaires." Mr. Jay Gould. =" the
American railway king" who heads
the list. il put down as worth go, UOo,-
600. with an annual income Of 60, SO0,0O
whilst the MSrquess OF Butte, who comes
last. is credited with 81. 900, 900 OF pro-
perty and an income Of e200,00O a year.
1t is not surprising TO find from these
statistics that of the twelve richest men
seven are Americans, although Of the
/ 700 millionaires only 100 reside IN the
United States but it does seem remark
able that among the 27j milllonalres IN
| Germany, Austria, France, Russia, aud
India-to say nothing of the q" l25 IN
/ other countries not one is found wor-
tbv TO be included with the humble
owners OF four or five millions.
/ In another way also the statlstlclan
fcures are rather pulling He
capitalizes all incomes upon the
same number of years purchase. Thus
he enters Rothschild England w.
rather vague description, by the way
as worth G4O.O0O.0 900, but only credits
all that capital with an incomeof G2,OOO,-
600. On the other hand, he allows the
| Duke OF Westminster O yearly income
| Of GSOO, 600, but nevertheless makes him
worth only GlG, 100000 altogether 1t
has not hitherto been supposed that
either Rothschild (England) ~ and
elsewhere-or the Duke Of West
Minister was likely person TO
furnish statistics Of his Affairs for
publication: but It may be taken as GER
tain that, whether the Duke OF West
minister's income be $500, 900, or, as Is
much more probable, not half 50 much,
there would be plenty of buyers for
great part Of his property at more than
thirty years purchase OF the annual
eround-rents. It's equally certain that
RothschIld England, whose capital
might perhaps more safely be- estimated
at less than the half OF $40, 100000, re-
auires usually a good deal more than >
per cent. per annum upon so much OF IT.
at any rate, as is employed by the house
in New Court
The income OF bIr Mackay one OF the
owners OF the Bennett Mackay subma-
rine cable. the compiler Of the statistics
+ puts at e, 500, 900 "a year, and that OF the
/ other owner, Mr.. j. q. Bennett, Of the
New York HcrdId, at $500, OOo and the
capital Of the former at E5O, 600, 900, and
of the latter at 10000. 600. Ia the best
DAYS If the famous silyer-mines there
used to be reports that Mr.. MackHy's
share sometimes yielded him rs much
as 100000 a month; but that was
some years ago, and probably no
one would be more surprised than
/ Mr. Mackay TO learn that his IN.
come had been more than doubled
| in recent years. and IS worth twenty
years purchase. Vanderbilt go, OOO,-
000" is another entry in the list Of the
richest men. If this refers TO the
wealth OF all the family Of the late Mr.
| Vanderbilt, it is possibly not oyerstated.
! II il refers to any ono OF his children,
| the compiler OF statistics would appear
again TO have doubled the highest pre-
yious estimate. Two of the late MIR.
| Vanderbilts sons were said TO have IN
| herited each about one fourth OF his
property but the value Of the whole
even common fame did not put
at more than GlS.000,W0. II
it were really E2LOJO,OOO 1t
would be three times as much
as any will proved in England within re-
cent record mas disposed Of. These 500
called statistics. dealing with tue rich
est men living are. Of course, only
guess work. They are probably Dot far
! wrong IL assuming that Of the men with
over million sterling there are twice as
many IN this country US IN the United
/ states but that 5000 reside IN Ing
/ land is unlikely. Only two or three
estates with personally exceeding mil
/ lion each pay probate duty III the course
/ Of year. There we're four such estates
IN The last financial year, and they made
/ IL memorable Two estates OF over
/ three millions each-thOse Of Ba-
ron II. do Stern and Mr. Hugh
/ McCAlmont-fel into account with
in few weeks but i'll twenty years
| before only three or four such large
amounts had come in. To receive
probate duty on an estate Of five
millions would be a notable event in the
| lie Of any chancellor Of the exchequer
Even half a million Of money is really
/ great fortune for any one 10 own in tins
/ country. Perhaps not more than twelve
/ or fifteen persons leave as mach
each year. Since the beginning OF this
year eight instances OF personally ex-
/ ceeding half million each have appear
ed in the notices Of wills. DR.. Daniel
| Wood, Of Glossop. left over 1908, OOU /;
/ his brother Samuel, 1923, GOO Mr..
[ Harvie Farquhar, 9544,000; Mr.. Hen
~ Browning, ej5O 1000; Mr.. Robert
/ Campbell, 96l7,000; the second Lord
/ Wolyerton, l,S20, 600 and Baron Il.
/ de stern, G3, IA, 900.
The owners Of land generally leave
/ but a small amount IN value OF personal
estate. Few persons have an absolute
interest in land which would realize
million OF money, or even hall that sun.
If country gentleman with landed
estate of 1000 or 1900 acres now leaves
900 or f25,0O0 Of personally, his
family are exceptionally we'll provided
| for. IL q sale of his estate would leave