Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1897-01-01
MILLIONAlRES' MONEY
MILLIONS ARE SQUANDERED
WHILE MILLIONS STARVE.
How the American AIisfOcrats
Amass Immense Fortunes aud
Keep Up SsstyIc,'-tcsUIts Of FO>-
terIng Trusts.

tering Trusts.
! Our readers may find it interestin
to know that, according to census sta
tistics, the average wealth produce
annually 10y each manual labor workc
is $1,000, of which he receives as wage
$346. The remaining 81 ,654 is apprC
priatcd by the never-sweats." n
sort of juggling can get around thi
uneven and unjust distribution of tn
, fruits of toll. 1t is also of interest t.
note how some of the great million
aires have secured their enormous for
tunes and the aristocratic ways devised
by themselves and families to spent
their surplus "pin-money" in the mos
original, gaudy, extravagant and waste
full manner. Below are a few exam
pies:
HOW IT COMES.
Cornelius Vanderbilt, worth 50 mil
lions; inherited from his father, anG
has made more money in the develop
ment of the railroads of the Wander.
bilt system. Income, $4,O4S,0OO. In
come tax, $SO,96O.
Russell Sage, worth 80 million
made his fortune in speculation in
Wall street and in railroad and tele-
graph combinations. Income $4 ,5OO,-
600; his income tax would have been
$4,000.
John d. Rockefeller, worth 125 mil
lion dollars. Made in the Standard
Oil company. Income 81 Gil ,24O. IN
come tax, $152,225.
Coils P. Huntington, worth 20 mil
lions. Made in building and manag-
ing the Central Pacific and Southern
Pacific railroads. Annual income,
million dollars. Income tax, 500, 900.
William Rockefeller, worth 60 mil
lion. Made in petroleum and railroad
interest. Income 3 millions. Income
tax, $4,000.
David Dows' estate, worth 20 million
dollars. Made in railroads, banking
and grain. Annual income, 1 million
dollars; income tax, $4,000.
Andrew Carnegie, worth 20 million
dollars. Made in the manufacture of
iron and steel. Annual income l mil
lion dollars; income tax, $4,000.
The annual income of J. Pierpont
Morgan of the notorious Morgan bond
is 81. $50, 600; daily income,
$3,425. His income tax would have
been $25,OOO.
H. Victor Newcomb, worth Is mil
lion dollars; income tax, $4,000.
William c. Whitney, worth 20 mil
lion dollars. Made in law practice,
street railroads and investments. An
nual income, l million dollars; in
come tax, $4,000.
Darius o. Mills, worth 20 million
dollars. Made in banking business.
Annual income, l million dollars; in
come tax, $4,000.
Percy Pyne and Mrs. Percy R. Pyne,
worth jointly, 80 millions of dollars.
Made in railroads, banking, and in
vestments. Annual income, II mill
lion dollars; income tax, $4,000.
Andrien Iselin, worth IL million
dollars. Made by the. importation of
goods, by banking and investments.
Annual income, 100000.
Andrien Iselin, Jr., worth 6 million
dollars. Made by importing dry
goods, in banking, and by sound in
vestments in railroad securities. An
nual income, $4,000; income tax,
5000.
Eugene Kelly, worth 10 million dol
lars. Made by banking and investing
in first-class securities. Annual in
come, one-half million dollars; income
tax, $4,000.
George Bliss, worth 10 million dol
lars. Made in real estate and private
banking business, investing in first
class securities. Annual income, one
half million dollars; income tax, $1O,-
300.
Ex-Vice President Levi P. Morton,
worth 10 million dollars. Made in dry
goods business and banking. Annual
income, one-half million dollars; in
come tax, $4,000.
Henry Clews, worth 5 million dol.
lars. Made in the brokerage business
and In speculation. Annual income,
one-fourth million dollars; income
tax, $4,000.
Chauncy NJ. Depew, worth p mil
lion dollars. Made from salaries as
President and director of many rail-
roads, and from investments. Annual
income, $125, 900; income tax, $500.
Isaac Ickelheimer, worth p million
dollars. Made at banking business.
The american JonrnaI of Politics
says that the American people pay
day to the foreign collec-
tors OF interest for the European gold
trust; and this is met with the pro-
duets of industry reduced to the low
est figure possible by legislation.