The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-02-01
RICH MEN.
Careers ot Nouns Me" Who Are >'i""''ss
ing Their Fathers Millions.

ting Their Fathers Millions.
Prom th, New York star.
That TN, famous Golden Gate City il IN
n. commercial deadlock pobody here with
an ounce of prcscienc'' denies. EVEN io-
cal pride il compelled tn yield h'fnrc tie
crushing truth. What IL going to he the
future of san franciscolis a problem ttat
few care To- discuss lest further unwci-
com. intelligence lie the outcome. Sau
Francisco has lost most OF her WHOLESALE
trade. That vast commerce which uS'i
tn com" around Cape Horn and the 18TH
mus Of Panama. and had the sIicfidid
city of the Golden Gate as it's distributing
point. has ceased to exist. san Francisc"
no longer supplies the other cities
of the coast. All ARE. independent
Of her. "a Washington aud
northern Idaho, which once depended ON
the wholesale merchants of san Francis
co.. long ago transferred their trade tn ~.
Paul and Chicago. Los Angeles, Arizona.
all that southern portion of the western
slope. draw their supplies direct from ~.
Louis and Kansas City. The wholesale
trade of SAN Francisco is gone. and u"
better proof of il can be found than III"
fact that most Of the wholesale houses
her. are going out of business, voluhtari-
In or ~involuntarily The failure IL year or
~ ago IF w. T. Coleman x Co., the old
est house in the city. and in some RESPECTS
the greatest. was the beginning of the end
of san Francisco'- greatness as a COM
mcrcial city. The goose that laid the
golden eggs Of twenty years ago has been
Killed. and the future Of the oTce-boastci
emporium is hedged i'm doubt,
One discouraging feature. IL that i,o much
of the brain and wealth al California
rhe SOILS of pioneers who once made the
stat. famous are seeking their homes
ana opportunities elsewhere. There. is
nothing To tempt the rich young men of
this decade To business enterprise Of any
kind. Most of those who have inherited
th.. wealth Of their fathers are either idle
~,iwadlers or wastcful speitithrifts. Some
are lacking in either mental or physical
apnsifv IA. tNs.fr,sfInfa tin. llSsfthInnS& ,b.
fame Of their sirrs. Scores of young men
who have Inherited the wealth Of bonanza
siays have left the state for other fields
some for Europe, others for New York
all with intent never tai return to the land
in which their fathers toilcl for their
wealth and their childrcn's independence.
In this way millions have been carried
away from California, which i'm Justice
should have remained here tn assist i'm
nh. states dcycioumeut and prospprity.
The young men who remain are no all
of benefit to the community. With the
the younger members of which ar, now
IN full possession of their fathers inn
mense fort.inc, there il scarrelya million
aires son who has shown any business
ability. public enterprise. or any other
tendency than the selfish enjoyment of
suddenly acquired riches. There are "a
dozen more OF these young Croesi i'm SAN
Francisco, and the city would he better oft
IL there were none. An Exception might
Donah,c, wl,s., AS the heir of his father,
Peter Donahue, came. into a piece of rail
sH0A h-
.aoJi.nnpnr L. h"~,n snn,. na,nn;tN IL ~.
49, a.. ".o,Snr,~ In s'.h ss.., IT. - -
.xa;i,hl.. for III to Some .ps,cr"
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~ u,n' NV VII u'',,,.o''! ~ 'he
- NV sr'.. '.'l'"'"''ot. V''> an
-'o,i,' nnnn nisii'ess. ai'i Il sitcwn
,t,lu .l,'ini. 'fe y :. WORTHY successor al
III, ~ Wills, sn'reH .u so Inu.In 70
TIN ~, ,,a' sI't'. ,,,ns' 'r,.i,isiitai r;'i''."'.
nr S''onu nro'inr' Niii.i'n r.. ~ a
;,a''"ii :" ~ s,',''A n.tn me lam
~ ;, "'s i':'r.u " ~ 'hlN' 'ia' WI,
- !" ; .h.''''.hH 'a'''.,, Wa going 10
~ 'i"p ih'" 'ip'tItt'' h''ih ana "a a'ii'':
".i' 7" : a,'oN,, anus now me h':.u
w 'H' Oh Wv DE-. pL""N ~ tr cuL
''u, 'haiitv'r 81 W' nniii"ns q"
rear 'Htao' "r' hs tathrr.
o'"re., me youngest son, VINO IN ~ youth
W!n Wiiu'r man "a ih'r'ri,ist' hts TAKEN ms
,nllIiors anu gon. INTO tn. cattle business
IN nevada ana ttth. lie H. "a kind at