Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1892-11-10
Where Fortunes Were Made.

The statement OF thefre trade press
that the protection given to American
manufacturers has made 5000 mil
lionaires in this country to the injury
OF the masses is lie that has been
clearly disproven. Not ten per cent.
OF the millionaires of this country have
made their fortunes through manu-
featuring. The following list of the
chief millionaires of the country is
sufficient. 1t will be seen that scarce
y any of them made their money in
manufacturing or as the result of tar
iff legislation:
Sl00, 900, ,OOO-J J. Astor, fur trade
and real estate; c. Vanderbilt, rail-
roads; w. X. Vanderbilt, railroads;
Jay Gould, railroads; Leland STAN
ford, railroads; j. ID. Rockefeller,
standard oil.
S7o,oo0,O ,OOo-Estate of A. Packer,
coal mining and railroads.
100000, 0,O0O-John l. Blair, rail-
roads and banking; estate of Chas.
Crocker, railroads.
$50, 0,000-Wm. Astor, real es-
tate; w. w. Astor, real estate.
$4,000, ,OOO-RussellS SAGE, railroads
and speculation; Z. A. Stevens, real
estate; estate of Moses Taylor, rail-
roads and trade; estate of Brown &
Ives, trade, real estate and cotton
manufacturing.
$40, O,OOo-P. d. Armour. pro-
visions; +. L. Ames, railroads, princi-
cally; VIM. Rockefeller, standard oil;
ii. M. Flager, standard oil; Powers &
Weightman, chemicals; estate of p.
Goelet, real estate.
S35, 900, O,0OO-C. p. Huntington,
railroads; ID. o. Mills, railroads; es-
tate of r. A. Scott, railroads; estate
of j. w. Garrett, railroads.
$4,000, ,OO0-G. b. Roberts, rail-
roads; Charles Pratt, railroads; Ross
Winans, railroads and engineering; c.
b. Cox, coal and mining; Claus
Spreckls, Hawaiian sugar; A. Belmont,
banking; II. j. Livingston, real estate;
Icd w cIH HduotI l. MIS- MAI IlOD-
kins, railroads; Mrs. Hetty Green,
speculation and banking; estate of S.
V. Harkness, railroads.; estate of X.
w. Coleman, manufacturing (?); es-
tate of |. NJ. Singer, patents.
S25, 900, ,00O-A. j. Drexel, banking;
j. 5. Morgan, banking; J. p. Morgan,
banking; Marshall Fields, dry goods
trade; David Dows, flour and specula-
ton; j. G. Fair, railroads and silver;
E. II. Gerry, real estate; estate oi
Governor Fairbanks, patents; estate
of A. T.lStewart, dry goods; A. Scher-
merhorn, real estate.
S22, 500, 10000. III. Payne, oil; es-
tate of f. A. Drexel, banking; estate
of |. V. Williamson, real estate and
general trade; estate OF w. F. Weld
trade, commerce and real estate.
$50, O,OOO,OOO-F. w. Vanderbilt
railroads; Theodore Havemeyer, sugar
refining; III. o. Havemeyer, sugar rein
ing; w. G. Warden, standard oil; w
p. Thompson, (?); Mrs. Schenley, rea
estate; j. B. Haggin, speculation; III
A. Hutchins, (?); estate OF w. Sloane
retail carpet trade; f. S. Higgins, rea
estate, principally; estate of C. Tower
coal land speculation; estate of Viii
liam Thaw, railroads; DIR. Hostetter
patent medicine; William Sharon, rail
road and speculation.
The fact is that the manufacturin
interests do not pay much profit un
der the present high wage system @
the Republican party. We hear
good deal about the New England tar
iff barons, yet the Boston Transcrip
recently stated that in March, 1891
the quarterly returns of the Fall Rive
mills showed that twenty-five corpora
tions, representing S14, 100000 capi
tai and operating forty-six mills, paiC
an average of 1 ga per cent. Ten con
Germs. with a capital of "a, 500, 600 anC
eleven mills, paid no dividends.
This shows that the free trade tall
about the oppression of the poor is a.
rot. The manufacturing industries @
this country are just making a prof
which enables then to pay good wages
The Democratic policy is to breal
them up or compel them to pay lowe
wages in competition with foreign capi
tai. Do the people OF the west eve
stop to consider the result OF the de
struc; ion of manufacturing industrie
in this country and how it would al
feet the western labor market? VIII
would provide work for the million
of men that would be thrown out @
employment and who could preven
such an overstocking of the labor mar
ket that men would be glad to worl
for bread?