The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-07-25
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Tae information askea gar IN sssss
sesse- aill probably BE- q ssnezas IN
seFes:
: IL Speaking Of ske fcrsaue u tise
hate Ar. A. T. Steszrt, Fss say that i
vas n ~ infrzfs's - tssose % AesssS-
4ssar. N2asslsrisiis. tt5E1ka, and gaxIor
@ua hes zes these there arr 1fss ses-
er1i ases srssI sprsu5eH 10 Neg York
Ebi<h are greater thar his, Ebssh
ret estimate profE<iy. | think. 81 So
ssN 0a
VIII yos pisase state whose estates
ard feFtanes these are. as / an at loss
~ reHaesntsr shy ore having sss9Ts as
~ sssaets - s-sfissa ass2
OR correspondent krou issss-e aS 10
fsse =ssbsect nsust lie issEilsra fs1r the
sA1aes % several posSessssrS of such
fortunes al once occur % rs Tie
sseesef estate rs : xkose fassi much
sxeexz3 81 SO fsss. Then tIsefe arc the
Standard oii fortunes Of tls@ fsc Rock
efefieFs aFia Mr.. Fiazier. each of which
cIsss safely be estimated az ROY AZ Hstre
than that s1sa. and they arr rapidly
increasing Mr. Hesser u. Bishop ssas
be set gao4n a worth mere. aud prob
ably Mr.. - q. Mills also- Mr.. Pier
post Morrafsx fnrtane Is supposed by
fh0se beat informed as 80 sssch matters
TO be greater than score Of millions
ard Mrs, Heity Green 4 not foreed to
tie rigid economy she practices. for
doubtless she has more than the sufa
at which we estimate the Stewart g.
tzfes Then there are Acssrs. Amos X.
Emo, AIsrew Carnegie, Percy r. pyne,
Cbarles T. Pratt. las,ez A. Bcstwick,
and Herman o. Armour. each 81
whom Is reported TO have <apeoB.uae
and over.
These by no means complete the list.
ard if We were TO include the fortunes
between $40. 90 Ass3 and $50 90 go. and
which are Increasing at rapid rate,
like that OF Mr.. Austin Corbin and
that Of Mr. Henry III. Rogers, it would
be long: while II We took on those be-
tween SIS, ee0.0g0 and yle.fs|i.go, and
also steadily accommodating, it would
be surprisingly great to men who are
so ignorant as 10 the subject as our
correspondent seems TO he. Probably,
| too. some II not many OF the names
would be utterly unknown 10 him. for
there are possessors OF such fortunes
IL New York whose reputation in that
| respect does not extend beyond linn
tied circle, because OF the comparative
seeiasion in which they live, and which
enables them without notorieiy TO add
| largely 10 their accommodations every
year.
There are men in New York with for
tunes OF from five millions to twenty
millions whose annual expenses for
II
| tiefh part OF their annual incomes. Ii
| be giiing ap money Even when they
keep mp more costly state and main
| tain Establishments that are relatively
extFaysgant, according TO our Ameri-
can standards, they do not lay out on
| them a great sum Of money compare
| lively To their incomes. Alter elegant
comfort has been secured, 1t does not
take many thousand dollars year 10
add what seems to the public lavish
display.
4 nian who spends $4,000 a year
solely on his living and the keeping up
of his establishment becomes conspic-
| nous In New York for the grandeur OF
his state as a social character. OF
| course, many families may spend much
more in the buying OF costly pictures
and other articles OF rarity. bat these
are OF the nature OF investments and
are not a part OF the cost OF living
| Others, too, may keep yachts, main
tanned AZ an enormous expenditure
| according 10 the average estimate. and
the improvement OF country places
may eat mp a vast amount Of money.
so that they get rid of twice as much
l a
| living expenses, and the second counts
| onlv.as an investment. II man comes
to New York able and prepared to ex-
| pend apon his household alone s50,Goo
q year, he can cut a great figure so
| tar rs his mere expenditures go,
| though socially he may remain 50 in
| significant that he viii throw his mo-
nes away.
Therefore it IS that American estates
grow SO rapidly, especially as is so
| often the ease where they are aecnmu-
lated by men of modest social preten-
sions or no social ambition whatever.
| Even II they have the ambition. and
crafty il AT the cost it entails. they do
not make heavy threads into the in
come from millions OF dollars. John
Jacob Astor Is by far the richest man
/ tAt =hittfAftf btia VI tsit IA btii@tsS tt
| his actual living cannot much exceed
| the sum we have named as enough for
| an elegant household. Hence he Is
yearly investing. and investing with
great sagacity, all heyond an insignifi-
cant part Of his income. His expenl-
itures are hardly enugh 20 count. but
his investments in land. for whose
development and profuctiveness the
Astors can afford to wait. and also in
other securities, are enormous ans! con-
iinnoux.
The NanderhiltS and Goelets spend
much more OF their incomes proper
tienately, but. after ell. only \ small
part Of them; and Mr.. Gould, reputsd
to be now richer than ever in substan-
tial property. lives ON q scale which
requires only an insignificant sum as
compared with his revenues from in
sesiments aad speculation. The same
applies 70 the rich men of New York
generally What they are expendins
i 4 tribe By the side Of what they are
receiving and making. II IS also to be
remembered that proinse expenditure
IS no guarantee q solid wealth. and
modest living does not always imply
is absence.
Accordingly the number Of the many
times miilionaires ia New York. with
or the richest men from all PARTS of
the New World more and more tend,
IS 50 constantly increasing that oar
correspondent will need long sheet
81 paper 10 write the list upon as the