New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-25

THEY rorNprp FAMILIES.

I, IL worthy ~ not, that Of IN" 3 names COMPRISED
In tho list or 1876 Just IL" are porIciuatel IN the
ls9e list Of Network mliionaircs Th"s" represent
however u large increase 81 wealth since the 'ai
ror onun,cr,il,n va made though II seems tha'
g., late as 1859 only two ~ the number "'r" rated
nc high as s. 00Oo0 These were william u NS'"r'
whose fortune in that latter year was sci down IL
co. o 900 tho aggregate wealth Of the Astor family
belng then reputed AZ 81 oo0"'. ana 'orneH"S an
dorblIt who was credited with Nooo."" the next on
,,a scbedule being August Belmont. with an esu-
mated &, 900 600 In the fall OF 1889 when the Pues-
tion Of holding the Columbian Exhibition IN 'h'
city was under discussion. morning paper pun
lishcd a list Of ~ New Workers VINO were SHOWN
nc the tax list 10 be individually worth N"o"
and inward thus aggrcgating twice the amount 81
,,cbes that I'm 1876 had been distributed amons
eight times that number of persons
The incredulity which this proposition ~ "'''
xOp0oo 900 being held by Il, persons may 'no""''
will probably be somewhat ahated wheh II II o'''N
In mind that The assessed value OF real anu per
.onal nropery in this city for 1891 Is estimated AT
3, NJ, oIs -, the increase since 1893 being inquired NJ
s,a 00 900 Figures Of such magnitude aHoru o'o''
scope for the existence Of hundred or more ~
,n,ic fortunes without necessarily mpoVerlshlha
the rest Of the citys population
DAYS or PUBLIC ECONOMY
In 1876 the total valuation OF the wealth. o' w"
york was se29 20 07e c6 The expenses ot cry gov
ernuent were then met by a tax OF NJ cents on SIVo
.,iD
,oo,s nm "a OGt 81 &c. increase OF over N""V"o
=, ,h yo,rly cos, Of city administration during the
~, ,r,v nine wears The tax rate this year is TO
:, .hout :. so The extra dollar 10 what we pay
,r m. Greater advantages We ENJOY over 'ho9' VI
our grandparents. together with some "lS'"N"'
,,,es not 50 enjoyable. The cltys ihd'D'e'"eSs
,ha, y.ar was 80 80 ., Of which sl2OOo~o had
49,, h,rrov.d for the construction Of IN" trot"n
v.,ar Works That enterprise II was ca''ua'e'
,,,I cost an additional million by the time the
tIch Fridge aaueluct across the Harlem River was
completed. , , ,,,,.,t,,
,s,rs between 1875 and the present time mas ""'
however been confined To this metropolis. New
vo,b,s crowth has been that OF TN" Nation. Dur
iuc the rcrod named the Mexican war 100" P'"'''
foowed by the discovery Of gold III 'allor"'h III"
,s,o, of the States to the Pacihc coast ac-
o,nnauvine the obliteration OF the Western iron
,icr with It's pickets Of hostile savases' peS'uS Tue
,mnctus given 10 fortune making DIV tue WAT o' tue
Rebellion and series Of almost fabulous dIscoV-
cries of science and invention The late 'harles
king the president OF Columbia College. In an adj
dress delivered before the Mechanics society IN
1851 upon the progress OF this city during the pre-
oo,,pg nftv wears said I'VE have seen In the half
century lust ended how great mas perh the progress
NJ Ncw-York keeping pace therein Only Win 'hc
nroeress Of our country Shd tne c'"Se o '''' "ii'
century of which the frat year u no" ABOUT eNp'r-
ting witness to our descendants ana 10 al future
i ,hat the efforts and the tolls. the trials and IN.
'ns ,,hich prefaced and ushered 1t in
,,,. onn,eciated by its children? Shall the close
- tho ve,r 1900 find the city as far ahead or MS IN
.oaItb and power. in the means OF education ana
,he means Of comfort in the enterprise that ad-
y.nces and the arts that adorn cNlAatioh' as this
-, r.r,od is ahead of that OF fifty years ago."
More than half OF the last decade OF the century Is
vet TO come. but the questions OF the venerable