Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-12-20
MEN OF GREAT WEALTH.
New York Has More Millionaires Than An,
Other City.

JOHN D. RocKErEILER BEGAN ON NOTHING AND
NOW LEADS THEM ALI.-PRArr, cARxEorE AND
BRIcE-rHE AsroRs, yAY GOULD, THE WANDER
Bnrs AND OTHERS
surely New York contains more millionaires
than any other city in the world. save the New
York Journal And. what is more. the average
wealth OF the New York millionaire is greater
than that possessed by those Of Paris, London.
Berlin or any Of the cities of Asia, Australia OF
Africa But this is not all Gotham has
another thing TO boast Of. Three-fourths Of
her rich men have accumulated their wealth
by their own energy.
Recent statistics taken in Berlin show that
that great city, having an equal number of
people with New York, has 900 millionaires in
Its population. The statistician who makes the
report recites with extreme satisfaction that
the figures show an increase of twenty-one MIL
lionaires over 1889 and Of fifty millionaires
over 1883.
Even with her stunted census returns New
YORK can show millionaire list of over 1000
names, or five times the number contained by
Berlin. To every LOCO Of it's population New
York has millionaire. To every 5000 Of its
population Berlin has a millionaire.
New York Is clearly a city of millionnires.
Vi Souis &C snt uaS not created
them all. Fully two-thirds Of her rich men
have made their money in other quarters of
the United States and have come here to enjoy
their vast wealth.
For New York il a convenient CITY for people
overburdened with an enormous income which
keeps on growing and swelling year after wear.
until 1t threatens to engulf the possessor in a
deluge OF dollars and coupons. Rents are
gigantic, real estate and taxes are monumental
In price, and in fact TO live on 9Th avenue in
average style it costs cool $4,000 a year.
RocKEFELLER's WEALTH.
Although to look at him no one would sus-
pect it, John ID. Rockefeller, the founder OF
the Standard Oil Company, is undoubtedly the
richest man in New York and all America. He
started without dollar and has now fortune
OF Sl35, DOC, 600. His income is Sc 900 600 wear
and he spends 100000. 30 that his wealth
Keeps plling up at a terrible pace. Mr.. Rookie
Teller is about fifty-five years of age. IL he
ilves until he is seventy his wealth will be be.
tween $3.50 ,CC0, 600 and S3OO. 900 O0O
Thirty years ago Mr.. Rockefeller was q
poorly paid clerk in Cleveland. Ohio He was
one OF the first to appreciate the Pennsylvania
OIL helds, and en- investment of a few hundred
dollars. which he had saved, in the oil lands
eliminated in the formation of the Standard
OIL Company, which is now the richest corpo
ration in the world.
Mr.: William Waldorf Astor and Mr.. Corne
millions from their fathers.
jay Gould made his SIS. 1000, OO0 as all know
In Wall street. At one time he was a carpen
ters apprentice. and later on G surveyor. II
was while following the latter occupation thai
he gained his practical knowledge of railroads
well.
Henry NJ. Flagler made his SEQ. OO0. 600 by the
Standard Oil Company. Previous to his part
nership with john ID. Rockefeller he was
woodsnan in the wilds of Dakota. He and Mr.
kockefeller started on a capital Of g., 600, sup
Piled by Mr.. Flagler's father-in-law.
PRArr's LUCKY INVENTION.
Charles Pratt also made his millions by tn,
Standard Oil Company. He was machinis
in little Massachusetts village He event
ually drifted to New York, where he entered
the employ Of the big paint firm of Reynold
Go: 1t was here that he patented Pratt
astral oil, which was the means of his becom
ing connected with the Standard Oil Com
pany.
William f. Vanderbilt received his million
from his father, William III. Vanderbilt. bu
| since the latters death, under the skillful man
agement OF W. K, the millions have almos
doubled.
John H. Flagler is brother of Henry NJ
flagler, and it was the latter who placed hin
| In position to heap up the millions
Fred w. and George Vanderbilt inherited
their millions from their father. William ii
Mr. William Astor also inherited his from hi
father. John Jacob Astor the second.
Coils p. Huntington had nothing to start OF
but little Connecticut farm, which was lief
him by his father. He sold the farm and in
vested the proceeds in a stock of clocks, which
he peddled about the country. Gradually b.
drifted west. and when the gold fever startec
he and Mark Hopkins opened trading posts in
the mining regions, which formed the founda
ton OF the fortune he has since built UP by
lucky speculations.
ANDREW CARNEGIE.
Andrew Carnegie was penniless and twelv,
years old when he came to this country from
Scotland. He was apprenticed to a mechani,
and eventually opened shop of his own. Ther
he patented some furnaces, and later intro
duced steel rails and had them adopted b,
| every road in the country. This is how b,
| built up his millions.
Mrs. Elliot F: Shepard was daughter Of ole
Commodore Vanderbilt and inherited hel
money. Henry Hilton's law practice and for
| tunate speculations gave him his wealth
h. Victor Newcomb started with scarcely
dollar. BY fortunate speculations he accumu
lated enough TO secure a controlling interest In
the Louisville and Nashville road, Of which h,
was made president. Then he came to New
York, and since then his millions have doubled
and trebled.
ONCE FARMERS BOY.
Stephen Van Cullen White was first farm
er's boy. Then he became a school teacher
and after that the editor of country paper
Later he became a lawyer. While practicine
his profession he became infatuated with the
speculative fever. He went into Wall STREE
and at first luck was against him. Later every.
thing he touched turned to gold, and his career
in the street has been one continuous stream O,
fortunate speculations.
Eugene kellys money-making career reads
like romance. He came to this country with
scarcely dollar and secured employment in q
BOwery furniture house. Some years after he
was sent to st. Louis to open a branch of the
New York store. Business did not prosper and
the firm dissolved At this time the gold fever
broke out in California. Mr.. Kelly Joined the
westward moving stream and when he reached
the mining district he opened a small store.
The miners found him honest and trust.
worthy and intrusted their gold dust to him.
Then he began shipping it to the eastern banks
in small way. From this start great bank
head. He is now one of the recognized author
street.
VIM. Rockefeller's millions were made
through his brothers connection with the
Standard Oil Company.
Addison Cammack, who has recently proved
such a power in the street during the panicky
times came from the south. He started from
his poor Kentucky home on horseback and
worked his way to New Orleans. There he be-
came a cotton broker and some lucky specula-
tions furnished him with capital to carry on
:.