Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1889-03-15


the pills were joined end to end they
would stretch 81, 32l miles, or, in other
words, would go trifle more than once
and quarter around the globe ut its
greatest circumference.
"A careful calculation of the wealth of
individual members of the Vanderbilt
family makes the following exhibit:
Cornelius Vanderbilt sllO,ooo .ooO
WI liam X. Naude rbilt. .... S5,COJ,00O
Frederick w. Vanderbilt 80. 5000. 900
George w. Vanderbilt. 80. 1900, $50
Mrs Elliott Il. Shepard . i20UO, 900
Mrs. Viii am ID. Sloane. 1000, 900
Mrs Hamilton Mex. Twomb.y. I2,OUO,OJO
Mrs w. Seward Webb. . l., OOJ, OUp
Mrs. William II. Vanderbilt has no
fortune in her own name, contrary to the
general belief. She has an annuity of
$30u, 600.
When William II. Vanderbilt died he
lett fortune, in round numbers, of
$500, 00O, 900. it is remarkable how it
has increased i'll the three years that have
elapsed since his death. old Commodore
Vanderbilt left his grandson Cornelius
30, QUO, GOO and his other three grandsons
SO, 600, 600 each. William X. operated
extensively in the stock market five years
ago and, 1t was generally understood at
the time, lost his entire fortune, which
he had increased to 81, 600, 600. He was
reported to have received an allowance
OF $i0,OU0 year from his father for his
personal expenses thereafter ana until
the death of the latter. About the time
of or shortly before the termination of
William KS disastrous experience in
Wall street orneiius began specializing
and was reported TO have lost about
SO, OuO, 900 of his fortune, which had,
however, grown to 5000. 900. The
fortunes of Frederick aud George VAN
derbilt had also appreciated in value,
though not to the same extent rs the
others. Frederick had been very sue
cessful IN stock speculations and George
had made highly rcmuncrative invest
mcnts under the direction of his father.
Altogether. there was in the family, out
side Of William Ii. Vanderbit's personal
fortune, Sl2, 200, 010. Leducting that
amount, the wealth of William Ii. Van
derbilt has increased SG2, 600, coo since
lis death.
The manner Of the increase is both
plain and natural. In the first place, the
Vanderbilt estate was the best invested
in the world. Many of the securities
owned by the Naudcrbilts, for instance
the Government bonds, Iay only four
per cent. but many others, like railroad
stocks and bonds, pay from six 10 eight
per cent, so that an average of five per
cent. is under rather than over the cor
rect rate OF income from the entire
amount. Reckoning the interest at five
per cent. and compounding it semi-an-
nually, the natural Improvement in the
total wealth in the past three years has
been $33, $50, zoe, or, in round numbers,
SD, 600, 900. The stocks of nearly ali
the Vanderbilt roads have materially i'm
proved IN value. In some instances the
improvement has been twenty-five per
cent, i'll others twenty and so on to
lesser rate. In addition, profitable in
vcstments have been made with the in
come. Taking altogether, the increase
in the combine Vanderbilt wealth out
side of the interest easily reaches $780,
QUO, 900, which, added to interest COM
putcd at S3l, coo, 600, makes up the csti-
mated gain of $G2, 900, 900 and 81, 0O0,-
600 more. The last named sum is allowed
Tor the personal expenses of the Wander
bits
The wealth of the Vanderbilt family,
comprising only ciaht persons, is greater
than that of any other individual family
in the world. The Rothschlds are
worth altogether about 1000, 600, 009,
but their wealth is scattered among a
great many separate families and distanG
relatives. Cornelius Vanderbilt is the
wealthiest individual in the world. The
fortune of the richest individual Roth
schild is not estimated ut above Sb5,-
900, 600.
AS rule great fortunes arc over
estimated. The figures here given are
carefully prepared from authentic
sources, and are rs nearly correct rs it is
possible to make them. They are in no
instance excessive.
William II. Vanderbilt left $40, 0OO,-
600 to each of his eight children and
special legacy of 81, 900, 0IO to his son
Cornelius. Then he directed the res
iduc, which amounted 10 about $l2O,
600, 900, to be divided equally between
his sons Cornelius and William X.
The following shows how the Wander
bilt wealth, if kept intact, will increase
in the lapse Of years ut the regular rate
of 5 per cent, compounding the interest
semi-annually:
One year s5sa S s6i.4oo sls "stf. 400
Five years. $40, 100000 G6. T20.0 900
Ten years. $50. 44s,949,0c0 174,94l,OOO
Twenty five years. OIL, 2m,COO GG7,o99.GOo
Fifty years. 3,aG3, lT2,s0 1850, 1880
All the Nanderbilts are likely to live
twenty five years longer, and their indi-
vidual fortunes, computing the interest
at per cent. and compromising it semi
annually, will at the end OF that time
DO as follows:
Cornelius Vanderbilt S3T7, So. 900
William K. Vanderbilt .... 100 OO0 600
Frederick w. Vanderbilt. 1000. 5I.gj6 IOO
George W. Vanderbilt - 81 53I 00O
Mrs. Elliott i. Shepard; ..... 4I,22I .S0O
MRS. illiam D. SLOANE. il,224, 800
Mrs. Hamilton Mex. Twombly Al ,22I $40
hirs. w. Seward Webb.......... +l,22i, 500
Total. ;. S9il ,an9, 600
1t is the general impression that the
Vandcrbilts live in the most magnificent
and expensive style. 1t is true they live
luxuriousy, but the amount of their
personal expenditures, considering their
great wealth, is moderate. Cornelius