The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-13
WEALTH IN NEW YORK.
Review of the City's Past and Present
by an Old Observer.

Letter in Troy Times.
The growth of the city adds $50, COO. 900 to
the aggregate assessment, which will ap-
be $3.50 0 000, which is equal to So, 000,0 coo a
month during the year, one-quarter at least
being sheer peculation. Fifty years ago
the entire assessment was $3V0, 900, 600, less
than the wealth of three of our present
capitalists. AT the time referred to old
John Jacob Astor was estimated at sl2, Co.,
was a millionaire. With these two ex-
ceptions there was but a small number
that reached 500. 600. so small indeed that
the list (Which was printed) did not I'LL
~one-quarter of a newspaper column, but il
would now be considerably larger.
The standard of wealth has been ad,
vanced since then. and no man is called
rich" who is worth less than a million.
We now really have a far greater number
of m~illionaires than there were of a hun
to, and as this class is of service in meet
ing the tax levy their Importance leads to
the following mentlon: William Waldorf
Astor, 500, 000, 900, inherited and accumulated
wealth; invested in real estate and stocks.
John Jacob Aston, $4,000, 900, to which the
came description may be applied. John ID.
the development of the Standar. OH Com
pany, and represented chiefly by it's stock,
of which he is the largest holder. William
Rockefeller, worth nearly the same amount.
made in a similar manner. Jay Gould's
estate (as yet undivioed), i'm all about $780,
100000, all but about 100000 invested in
stocks and bonds. Next are Cornelius and
William K. Vanderbilt. who are estimated
each at $500 900, Inherited wealth. largely
accumulated, and all but ABOUT s., 900, 600 in
vested in railway shares. Henry NJ. Flag
Ter, s25, 100000. made in the operations of
the Standard Oil Company. and invested I'm
Florida hotels and railways as we'll as in
the Standard stock. Freoerick w. Wander
bilt, $40, 000, 600, inherited wealth, chiefly in
vested in railways.
The Goelet brothers Robert and Ogden)
are each rated at about $10,0J0.0C0. inherited
from an old estate, and their cousin, Ell
bridge 7. Gerry, had an almost equal share.
The richest man In the cay whose wealth
is self-acquired Is Amos r. Emo. He be-
ing now rated at s1S.0O,00. He is also the
oldest of our rich men, although nearly
ninety. is still able to attend to business.
Louis c.. Tiffany. the famous jcweler. is
He. also, began poor. but has made a half
dozen millions in the fashionable jewelry
business. Henry Hilton. 100000 made
Mills. 10000. coo. made chiefly in California,
but largely increased In New York. Pier
pont Morgan is another heavy napte, being
rated at $15.0o0.0 600; and Russell Sage is held
at nearly the same estimate. He acquired
while Morgan inherited a fortune from his
father, who was a successful banker. Sam
uel Sloan Is the richest railway president
in this city. and also the oldest. He is ad
Delaware Lackawanna & Western with un-
'abated ability. and has nearly a dozen mill
ions or so, which. like Sage and Morgan. he
chiefly places In stocks. c. +. Huntington
most of his money where he made it-in
railways.
do not say that these mon are assessed
as an estimate. other names may be given
thus: John H. Starin. $4,000 0 made In
IDS vast syatem or and freight