Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1889-11-09
MIi.I.IONAIREs.
The wealth of the Country Held
by n Few Wich Men and Families,

The wealth of the Country Hell
by Few Rich Men and Families.
In spite Of the rapid increase in tn
number OF millionaires in the Unite,
States in recent years, the popular nc
tion is that wealth is vet very mucl
more evenly distributed in this coun
try than in England. Mr.. Thomas
g. Shearman, the well known New
York statistician, has been engage,
for some time in collecting facts {,
show as precisely as possible the pro
portion Of the wealth OF the countr,
held by few rich men and families
and he finds a greater concentration o
wealth here than in any other country
The results of his investigation vii
appear in the Forum for November
from advance sheets Of which the fol
lowing facts are taken. Mr.. Shear.
man makes the following enumeration
OF owners Of more than $40, 900, ,OOC
each:
Sl50,000,0OO: J. j. Astor, Trinity
Church.
100000, 900: G. Vanderbilt, w. X.
Vanderbilt, j. Gould, Leland STAN
ford, j. ID. Rockefeller.
$70,OOO,0O0: Estate of A. Packer.
S60,000,000; John /. Blair, estate
of Charles Crocker.
$50,000,000: VIM. Astor, w. w.
Astor, Russell sage, +. A. Stevens,
estate Of Moses Taylor, estate OF
Brown & Ives.
$4,000, 600: p. d. Armour, FL.
Amer, VIM. Rockefeller, III. NJ. Flag
Ter, Powers IL Weightman, estate OF
L. Goelct.
S35, 900, 900: c. z. Huntington, d.
o. Mills, estates Of t. A. Scott, j. w.
Garrett.
$4,000, 900: g. b. Roberts, Chas.
Pratt, Ross Wians, T.. Il. Coke, Claus
Spreckels, 4. Belmont, X. j. Living
ston, Fred Weyerhauser, Mrs. Mark
Hopkins, Mrs. Hetty Green, estates OF
5. V. Harkness, X. w. Coleman, i. NJ.
Singer.
s25, 900, 900: A. J. Drexel, ]. s.
Morgan, j. +. Morgan, Marshall Field,
David Dows, j q. Fair, +. 7. Gerry,
estates Of Governor Fairbanks, a. I.
Stewart, A. Schermerhorn.
80, 800, 900: o. II. Payne. estates
of +. A. Drexel, |. V. Williamson, W.
II Weld.
s2O, 900, 900: +. W. Vanderbilt,
Theodore Havemeyer, III. o. Have
never, w. q. Warden, w. T.. Thomp-
son, Mrs. Schenley, j. b. Haggin, ii.
a. Hutchins, estates OF w. Sloans, +.
5. Higgins, l.. Tower, VIM. Thaw, DIR.
Hostetter, VIM. Sharon, Peter Dono-
hue.
These 20 names represent an aggre-
gate wealth OF 5000, ,000, 600, an aver
age OF over $3S, 100000 each. Al
though Mr.. Shearmsn in making this
estimate did not look for less than
twenty millionaires, he discovered in
cidentally fifty others worth more
than $4,000, 900 each. and he says
that list OF ten persons can be made
whose wealth averages 100000, 900
each, and another list of one hundred
persons whose wealth averages $685.
100000. No such lists can be made
up in any other country. 1.-THE rich
est Dukes OF England" he says, "lall
below the average wealth OF u dozen
American citizens, while the greatest
bankers. merchants and railway mag
mates OF England cannot compare in
wealth with many Americans.
The average annual income OF the
richest hundred Englishmen is about
$4,000, but the average annual
income OF the richest hundred
Americans cannot be less than 81 ,200,-
600, and probably exceeds 81 800, 900.
The richest OF the Rothschilds, and
the world renowned banker, Baron
Over tone, each left about Sl7 ,000, 900.
Earl Dudley, the owner OF the richest
iron mines, left $20,000,000. The
Duke OF Buccleuch-and the Duke ol
Bnccleuch carries half OF Scotland in
his pocket--left about $30, ,000, 900. The
Marquis OF Butte was worth in lS7.
about $2S. .000, 900 in land and he may
now be worth $40, 600, 900 in all. The
Duke OF Norfolk may be worth S40,'
600, 900, aud the Duke OF Westminster
perhaps 500, 900 600.
Mr.. Shearman's conclusion is tha
5000 persons own one-half OF thu
wealth OF the United States and tina
the whole wealth OF the country j
practically owned by 80, 900 persons
Or one in sixty Of the adult male pop
ulation; and he predicts from the re
cent rapid concentration of wealth
that under present conditions 5000
persons will practically own all tn
wealth of the country in 30 years, or les
than one in 500 OF the adult male POP
ulaton.