The San Saba news. [volume] (San Saba, Tex.) 1873-1966, 1889-04-05

/ George w. Vanderbilt. Il O01 mo
Mrs. Elliott F. Shepard -. i20a0 900
Mrs. William D. Sloane. l2OlO O10
Mrs Hamilton Mex Twombly. I2OOO O0O
MIS- W. seward Webb. l2,00J,OO2
4Oedis...---s $500. .s--.... SD, 900, coo
Mrs. William H. Vanderbilt has no
fortune in her own name, contrary to the
general belief. She has an annuity OF
5000, 600.
When William II. Vanderbilt died he
left g fortune, in round numbers, OF
I $500, 600, 600. l: is remarkable how il
has increased in the three years that have
elapsed since his death. old Commodore
Vanderbilt left his grandson Cornelius
s., 200, coo and his other three grandsous
/ 81, 600 600 each. William X. operated
extensively in the stock market FIVE years
ago and, it was generally understood at
the time, lost his entire fortune, which
he had increased to s., 900, 600. He was
reported to have received an allowance
of $50, 600 year from his father for his
personal expenses thereafter and until
the death of the latter About the time
of or shortly before the termination Of
William KS disastrous experience in
Wall street Cornelius began Speculating
and was reported to have lost about
50, 600, 900 of his fortune, which had,
however, grown to 5000. 600. The
fortunes of Frederick and George Van
derbilt had also appreciated in value,
though not to the same extent as the
others. Frederick had been very sue
cessful IN stock speculations and George
had made highly remunerative invest
ments under the direction Of his father.
Altogether. there was in the family, out
side of William II. Vanderbilt's personal
fortune, SIP, 900, 0 0. elucting that
amount the wealth of William II. Van
derbilt has increased SCI, OOO, coo since
his 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 Vanderbilts, for instance
the Government bonds, ray only -four
per cent; but many others, like railroad
stocks and bonds, pay from six to eight
per cent, so that an average of five pei
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 S53, e3J, 200, or, in round numbers,
S34, 600, 600. The stocks Of nearly all
the Vanderbilt roads have materially i'm.
proved IN value. In some instances the
improvement has been twenty-five per
cent, in others twenty aud so on to
lesser rate. In addition, profitable in
vestments have been made with the in
come. Taking altogether, the increase
il the combined Vanderbilt wealth out
side of the interest easily reaches S3O,-
e'rU oC7,-sF11irtz, adiocT-+- =itit efes r-c0Iif-
puted at So, 600, 600, makes up the esti-
mated gain of 500, 900, 0CO and s., Co.,
900 more. The last named sum is allowed
for the personal expenses of the Wander
bits.
The wealth of the Vanderbilt family,
comprising only eight persons, is greater
than that of any other individual family
in the world. The Rothschilds are
worth altogether about 81, 600, coo, 900,
but their wealth is scattered among a
great many separate families and distant
relatives. Cornelius Vanderbilt Is the
wealthiest individual in the world. The
fortune of the richest individual Roth
schild IS not estimated at above $50
600, 600.
As rule great fortunes are over
estimated. The figures here given are
carefully prepared from autheptio
sources, and are as nearly correct as it is
possible to make them. They are in 10
instance excessive.
William II. Vanderbilt left $50, 000,-
900 to each of his eight children and a
special legacy of 8, 900, O90 to his son
Cornelius. Then he directed the res
idue, which amounted to about $780,
600, OOO, to be divided equally between
his sons Cornelius and William K.
The following shows how the Wander
bilt wealth. if kept intact, will increase
in the lapse of years at the regular rate
of ) per cent, cOmpounding the interest
semi-annually:
One year.-....... s2S1. SGl4)0 <I3 81, 400
Five years.-....-. $40 10000 90, 10, 900
Ten years. as. $500 Ia % LOaa
Twenty-Five years. 94l, $4,000 G65 30. Goa
Fifty years .-.-. 3, 2GS IL, 500 2,9s9, l72, 500
All the Vanderbilts 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
be as follows:
Cornelius Vanderbilt ........... S357, S94 on /
William X. Vanderbilt. ......... 2.3 .Ol9, 90 I
Frederick ". Vanderbilt ........ 81, 966. 40 /
George W. Vanderbilt. 81 1851, 900 /
Mrs. Elliott F. Shepard ...... 4I,234, son |
Mrs William D. Sloane .......... 81, z24 200 /
Mrs Hamilton Mex. Twombly. Al pa SEQ |
Mrs W. Seward Webb I, PA 500 |
Total. -----........-...-...SS4 l .2B, GOO |
1t is the general impression that the
Vanderbilts live in the most magnificent
and expensive style. 1t is true they live
luxuriOusly, but the amount of their
personal expenditures, considering their
great wealth, is moderate. Cornelius
Vanderbilt spends about $3.50, coo a
year, including his charities. William
X. Vanderbilt spends about 5000, 600,
and in this sum is included the main
tenance of his yacht Frederick W.
lives within $50, OOO, and George W,
who makes his home with his mother,
does not spend over So, 900. Mrs.
Shepard, Mrs. Sloane, Mrs Twombly
and Mrs. Webb spend $50, 600 a year.
All told, the probable expenses of the
Nanderbilts are S115, 900 a year.
Cornelius, William K and Frederick /
w. Vanderbilt, and Hamilton Nick.
Twombly and DR.. w. Seward Webb, the |
latter two sons-in-law of the late William
II. Vanderbilt, all have official positions
on the Vanderbilt railroads, to which
good salaries are attached. The other two
sOns-in-law, one Colonel Elliott r:
has a newspaper, the -Nlt' an"
Erpress, and the other, William D. =. ane'
has a partnership interest in large
carpet house -NeO York WOrtd.
Indians With Artistic Skill.
A Virginia City newspaper says that
a Piute, now in Jail on a charge OF nlur-
der. displays great skill in drawing and
has made a picture of the prison as seen see
from the yard, that is really fine The
newspaper further says that tb5 Piutes
have a natural taste for drawing, and
that many of them are able TO draw very (
good pictures of railroad trans and the :
like. The children made all kinds OF :
animals in clay, as naturally as white
n I'D, MODEL mud MES. and even the /