The sun., 1900-12-30
Sl75,OOO,OOO IN DIVIDENDS
AND INTEREST," TO M PAID ~ THrs
COUNTRY ON JAN. o.

Ten Millions Above the "FabuIous" Et8urss OF
Last Year Tho Most Prospereus Cosatry
In the World Never 10 Prospcrsvs Befsrs
Half Gess 70 savings Banks Depositors.
/ Wednesday. Jan. ,. 1901. will he memo
| rahle day In the history OF the United States
/ for on that day more persons within the
! confines OF the American Union will receive
| more money than ever before was distributed
: on any one day In the history OF this country
| or OF any country. 1t will DO the day for
! tho payment Of interest and dividends by
! the great industrial and financial corporations
( Of the country. and these payments will be
the largest ever made, There are more cor
| porations than there were . year ago. there
| are more stockholders and bondholders.
and there are therefore. more persons To
/ whom payments will be made As the United
| States is the mos prosperous, financially
! and commercially. Of any country in the
| world. and as the year 1900 has been the most
| prosperous In the country's history. II fol-
! lows that the dividends will be larger this
year than ever before. And since there are
more industrial and financial corporal ons
In the United states than In any other coun-
try IL follows that the sum to be distributed
! on neat Wednesday will be larger than that
| ever before put in circulation In any coun-
try Oh q single day
It is estimated that the amount Of money
that will be disbursed on that day. in all Of
the financial centres Of the country. Will be
not far from si75. 900, 600. II this amount were
distributed ier oaiita, every citizen of all
the States and Territories. including Hawaii.
would receive a fraction less than $3.50 1t is
estimated that this large sum Of money Will
1nd its way into tho pockets of only about
~ 900 900 persons. II II were stributed
equally between H. ose who W Ill share in IL.
each stock and bondho,Ger and savings bank
depoStcr would receive aboutsi4 so
As a matter OF fact. however. II the e.oo0. 900
OF savings hanks depositors be taken out
whose aggregate wealth Is given at s24ts.-
5i7.ss5. and VIII share OF this sl75. 900. .OOo
will not be far from $50 OO0. 900. the rest. or
about 1900. 900. will be distributed among a
comparatively few Of our people. There
are 4.047 men and women In this country
who are estimated to be worth 1900. 900
or more and large part of the remaining
ESQ. .Ooo. 600 will be divided Up among these
miionaires. IL has been said that. II tho
portion OF the tso. 900 600 which will be dis
tributed among these possessors of large
wealth were divided among them equally.
each one would receive something like IS, 600.
1t Is also said that John D. Rockefeller alone
will get about 81. 900 for his New Years.
This statement. however. is simply based on a
Wall Street guess and must bo taken for what
its worth.
by far the largest part Of the si75 600 900
will bs paid out. OF course, in this city
Those who should know say that not far
from sI4O. .oOO.ooo will be disbursed in New
York This will be about $40. ooO. 600 mere
than was paid out on Jan ?. 1900 The dis
burscments Of that day were regarded as
almost fabulous aud. UP TO that time. were
the largest ever known. Tho payments on
account OF interest amounted to SOC. .o0o. .ose.
and the payments on account ofdividends
amounted to ts+7%7, ,s96 There were other
interest and dividend payments which had
to be estimated. making the estimated total
disbursements for Jan. .. 1900 about $780,
900 900. The January disbursements for
1890 were sss.eei 900; for ises. $7o.2Oi 025'
for 1897 SIS, ,ssi 500. and for 1899 t7i .i5s 200
Tho news from Boston is that the January
disbursements there will amount to ago.
c7l.e!s. en- Increase OF sss5 %4o. as comr ared
with January. 1900. Baltimore. Philade-
phia, Chicago. Cincinnati! and San Francisco
are tho other cities where the majority OF
tho rest OF the payments will be made. and.
while no figures are yet obtainable. reports
from each one Of these places state that there
will be a large increase over the disburse-
ments OF a year ago
In New York. II was said yesterday. the
largest amount OF money will be paid out
by tho Farmers Loan and Trust Company,
and the next largest amount by J. p Morgan
A Co Large sums will be paid out also by
the Central Trust Company. the Mercantile
Trust Company. the First National Bank
the Continental National Bank and the Chase
Bank Some very pleasing New Years souve-
Mrs will be handed out. also. at the Offices
OF the New York Central and New York.
New Haven and Hartford railroads In the
Grand Central Station. at tho ofnces OF tho
Great Northern road at % Pine street and at
the Offices Of the Louisville and Nashville
in the Equitable Building.
Among the industrial companies which
will make disbursements are: The American
Steel and Wire. on both common and pro-
ferred stock; the American Sugar Refining
Company. the American Snufr Company.
on the preferred stock; the Commercial Cable
Company. the Continental Tobacco Com
pany. on the preferred stock: tho Empire
Steel and Iron Company. on the preferred;
the General Chemical Company. on the pre- F.,
ferred; Knickerbocker Ice. preferred: Man |
haitian Elevated Railroad. National Sugar. !
preferred; National Tube. preferred P. Loril- !
lard Company, preferred.
The banks and trust companies have been |
getting in money for several weeks TO meet /
the demands that will be made upon them. /,
Tho arrangements have been made In such I,
u way. however. that the money market |
has not been seriously disturbed. Friday !
was one o. the days on which heavy call /
of loans was expected. but there was nothing /
In tho condition of the money market to in :
dcate that money was scarce. Calls arc
also expected tomorrow but unless they |
ha ,pusnaliv 1, henvy M trouhla Ia apticlnatad /