New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-06

HOW MANY OF THE GREAT FORTUNES
WERE, STARTED.
AN AMIABlE COMBINATION OF FACT AND FANCY
ESTIMATES OF TIE WEALTH IN
THIS COUNTRY.


Although the American millionaire us = "I sur',
class is of and rapid growth in thr iansu,
age OF his land n. has come 10 I I'ic is now wor.
thy of study For of the most clearly fl", ~
flmr , OF ryc S ihc T To- The old idea that in the
United States from shirt sleeve To s, hrhilt and
Aston families the tendency mas ne ',h; rI Of the
generations to leave At least two-,ininT,n he re-
money TO one SON while in the Gould VIII IN, IT,
markablc provision Is made that no child Sii,l nm
~ without the consent of MAJ. "s rom viii
ing any portion of their inhcrar &c To any pu' '"''
own isuc .,,. f., ,>o; i
placed by most able and CONSCIENTIOUS cNpcI' 80
about seventy sin thousand million dollars o. ga
claimed that the millionaire class ,viih ten million
We credit each man IN hi S'sn Ws from The
National wealth it still shows per capa wrhh i ~
the citizens Of the RepunT eq1fhs c Sam" per capita
wealth forty-fVc years ago. inc Hv''hn', ,,iin,,
it would thus appear has no' grow o ,n iarccr
share OF new wealth. wealth which 1t aIa"i i hs
in creating As a class. then. II cannon ihiti! w
called an evil Let us then Judge by individual rec
ords. ,r
COMMODORE VANDERI Its STAkT.
Commodore Vanderbilt. who made the hrst IT. iI1
derbilt millions born Just a cch'ur! neV, ocict
capital was the traditional bare feet einP'N pr
and belief in his luckihe arn SIX g Years Of
age to sixteen furnished him with a scc2h" , m,u
tangible capital namey sw and T" w,th that
money he invested in small Doa,, ",u va" .ransnor
boat he opened buslncss oil ms o" ,w,rtv vsars
TAFT f vegetables
OF age he married. and man ana @,i' n",' hnic
money He ran his boat IN. N' ear MAJ
Three years later he was worth Sl"v" 49,, D.
his money came ripdly-so rapidly that whrn ne
civil war broke out ;hc boy who had star'ed WIN
one boat n h n s wa COO and yet feel easy
about his finances and his II, ct \, - go MANA and
are he WAS credited with fortune OF to","".' ni'
Us = hnnny man bar sorrow ms eldest S ,.,
That son he never mentioned 10 ms if r ti.,
boy IN his fathers opinion. was STUPID HTN. I'M
cSS lie wTHin nryG kept ihi- son -Eh'
n-a daN
The stupid son now forty-thrcc years 81 as1' nae, mao
,radc51 his shrcwd old father ont OF $4,000 IN i
enecuIatIon This was the happcst moment OF con,
modorc Nandcrhilts NE. linn from, ~, IN. arm
and in three months was in f9l control @i , h'i
fathers great fortune Ills quiet 'arm ,i,, ''"
pacty Tor work In light years after ms i', ,,in
death he doubled his Inherited iortun" n'n III
drcn OF SOouNop OF this fortune his son 9rn,,.,S
rccyed $4,000 W ri,1,h h sn nhiirem Ssooco
Iiis ,-idnw W provided with a yearly inc"iu' "'
io r g fr, Sine, tins distribution thc money has
been well managed. and to-day IS s"i' 10 represent
AL combined at least |"""""'
ALL or GOOD EXNCrTIN ABILITY.
che regularity OF the NandcIhili history IL NE MS
The old Commodore his son W IMAM - ",'r
grandsons Cornelius and william N "n"' hhilii,v
have all possessed such mnrk"d b yyonld have
that stripped of their millions. ''.h MouiI i',,
oiird II easy To positions Of irust ana It
psH ,o' ms - true win the growth Of New-York and
The Republic. Ike The Ast9r n,.l'9ns, i n ih.ir
caunnE rI' n,.rpri" MIgciy assisted mat "a
tional Development They h"'' mac m',','", ,urpc
millions FOR the American people ~ H"i"s -, ~
recorded chariics th' IanG'rn''' r,nv nor
While IN the subject of tn" \"nd"flll's- 'l M
show contrast between inr ",'' t','
Inc nom" ." IL, III, -, rnrt.n,s over Sio,o and
II has 4 garden That garden S. hui q mario" 'l'F
L., v.i /, cost over SitnH-. because a hi""N-'','
h",,., ,omrnra,iv,lv new va- pulled down :" n'k"
for Irte beds
wards of turf The whole "stihl~.h'h' RI ',,
visited George Nani'rhlfs N'"."' nom B" w.
very heart 81 the North carolina n"unihil,- ~
fn,nG II very harl to l~ayc that vonH'ffnl We"
from thu 'crrnc'. 81 nfY in"nn'..h ~ III.
over Gsr feet VA height and III" faii"' %, ' i,
mi French Broad THIS Vanderbilt arm contains
S SQUARE miles Of country f@n can ni,,' , al,
o,, gnitinr out OF tho Vanderbilt Yrop'rE Roads
~, Sl'T'a 81 70 o .crs ana Two n.hinv r,'r-
Tcnr IN. hous, ar. suuk.n gardens. rf'"nh''i-
" '.', ,ttu ,"d ,o feet hirh Wa built There De- a
bowlng green Al" feet wide ana 81" f'", long r- .
I@na'a ~ t. M f,, on, vy l., 80 bet he other
Il bit Of old Franc for 'fcn', cur ~
II wh taks sd ,r. i hanI VIM H. ZONE - IN
Pr.n,r1 ' vii r.rrc"rn AN Investment OF b.ego
Nmd the land +, must Ice r'mem'~t"d cot hitlr
The southern FOLK s",m fc'} yr"r' :" ,. in ,br
a. ~, w..k have Put n.W money into
man, pockets. new hoIc irio intn> H'"''F
GROWTH or THE ASTpR F'KrINE
rho Actor fcr,,uo owes It's existence 10 the brains
., nr. man and he natural growth of rfcat "a
:" o' ti Ae,nr h.,ng ihc only man in four
- r", who was u real money maker The
III, rcy he made ~ D. mad" u. was NV u. -, I,
i ~ ~ ibn civ stands uron am island Conso-
uuentlv the growth Of N"w-> ORR NY "ni'i' VIZ,
due 10 ,l, growth Of the Republic. made TINS small
:, 81 ,hc eighteenth century Tho largest Amor
lean fortune of the nineteenth century The hini
and last Aston worthy Of study AZ master 81 mn
ions was Therefore John Jacob tor. who. uiing
Of lis work a h"lp'r In M i.l'i n' ~ -, hi.
Iwck In thc New world ON the ship he really ~ one
sense made his Who'll forirnc IT, m@i nn "ld , iur
trndlnr This trade hc took ny aud made monry =
Young woman. Sarah and John jacob droplr" IN"
I6o homclv hai, Of passing All ihc evenings IL th'r
f"shion over that sh ,p Such industry aud econ
omy in "A aew country, are aIv avs i'"arI'd, IN
~nmuIatcd s2:OCO And then the modest coup" de,
cldnd they could anord 10 rent small housr ana
a l,ckv specmlnlion in United states bonds. then
vorv Lw in pric, doubled John Jacobs fortune,
and this wealth all went Into real estate. wh'ie II
has since remained. ,,,.,
John Jacob Astor died in lsH. biz son do4blrd tnc
lS75 Ills lIcst son who got the bulk 81 the prop.
orty. doubled his inh"rilancc by the sane pole, o,
dird in 1890 william Waldorf Aston now
has the largest end. perhaps four-hfths Of
so0"co to noo9neo or say ,, iI%m ~y'" 0I
vas been well handled. and on clearly marked
line OF policy. No property was to be S9ld, cacli
,,enorntion out Of It's income was TO add 10 That
,,ro, rrtv The estate to build on iis own land.
and REM such buildings. And no property in Amer
ica has ever been kept I'm such splondid repair. In
A,r,rca II should b. said' tho repairing Is done 10y
a. ianLord no, the tenant. The head of the Astor
Family has always been good citizen The family
''. 'pi,"cn I'm pul,lic charities about S.VOVJ. and
,r :, rc, pcncrniiona no mbcr has been engaged
In trade ~.,,,.>. ,y,,,r,r
To the average man San Francisco has "a ways
,, ed ,bc CIV of the Golden Gate In very literal
sense And il comes therefore, rs only natural 10
0nd certain tingc OF romance In the story OF cali
r',,ian r,ilIionalres They many. Bu one
rror,p"thc central Pacific Railway builders VIII
ssar,n to illustrate the class. Leland stanford.
Charles CROKER Mark Hopkins and Coils T. Hunt
II FN TM ~M