New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-08


ENCE OF THE PROTECTIVE TARIFF
on THE PILING UP CT ENoR.
NOUS ESTATES-LEssONS
TO BE LEARNED FRON
THE DATA.
Copyrfoht. 1892: Bv The Tribune Annexation
Below The Tribune presents the second install
nent OF its exhibit of the lines Of business" in
which all persons in the United States rcputed to
he worth million more OF money have made
their fortunes. The Tribune repeats its invita-
ton TO those who are in position to know that
additions or corrections should be made to this
list to send to us any suggestions and
information tending to the perfection Of the
lists for the different States and cities of the
country. In the final tabulation all changes
will be taken into account Correspondents will
kindly address The Tribune Business Office,
New-York, and they particularly requested in
case they send new names, to mention the :" lines
of business" In which the fortune has been ac-
CURED.
When an asterisk precedes any names below
its presence signifies that the fortune has been
made in an industry protected by the tariff. In
a number of cases two astersks precede the name.
These instances where the fortune has been
made in a business in which. while there is duty
on the competing foreign product. there is never
theless doubt whether the tariff is necessary
to the profitable pursuit of the business.
No attempt has been made to estimate the
exact wealth of the prosperous and fortunate
gentlemen, who are named in these lists. The
fact is no can tell exactly how much any
man is worth until after he has passed away
and his executors have paid his debts and settled
up the estate mans profits. or his oppor-
atinf
that he is worth many millions. But one
knows about his losses or whether he really took
advantage of bis opportunities; or what sums OF
money he has given away to public institutions
or his relatives; or what sums of money he is
owing for. Estimates of the exact wealth of diff
ferent persons exceedingly wide of the
truth, most of the time that it is better not to
20 into that branch of the subject at ALL
case in point will show how mistaken is the
popular idea of some peoples wealth. The pres
ident of one of the great railroads OF the
country was lately mentioned in a published
list of few hundred millionaires' as worth the
enormous sum of 81 0, 100000 If this upright.
able and honorable man had actually taken adj
vantage of the opportunities he has had of operat-
ing for his own benefit, he might possibly have
accumulated the sum of money named by tins
time. But he has always managed the road IN
the interest OF Its StOcKhoiders anu ne 10 aCouaiS
worth not more than million. If, indeed, ne Is
worth that. 1t is sufficient for the purposes Oh
this investigation if a man is reputed by careful
and well.informed neiQhbors to be worth in close
proximity 10 a millon-or more.
The "science of wealth" occupies the atten- |
ton of the public men of the world. That which
creates it in any country is subject OF the
deepest Importance to all If all of the fortunes
in America were due to the protective tarih the |
fact might be powerful argument In FAVOR Oh
that kind of a tariff. But America is not DEEPEN |
dent on tariff alone for the fortunes OF It's pros
porous citizens: and these lists are presenting
variety of curious and interesting data on 'ha'
point.
1t is the intention of The Tribune TO rpuohsh
the lists in correct form, IN pamphie' eA'i"
This publication is therefore projected oS copy
right; and all rights are reserved.