The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1900-08-29
RockefeIIer's Great Wealth.

clared dividend Of per cent. on its
capital stock of 100000, 900. This
is the third dividend to be declared
this year.
On March ! 10 per cent. dividend
was declared, and on June Is 10 per
cent. dividend was set aside for the
stockholders. The dividend Of yes
tcrday makes 20 per cent. that has
been earned by the gigantic trust in
trihe more than seven months.
1t was the original intention to de-
clare 10 per cent. dividend this
month. but the big fire at Bayonne
caused loss to the trust Of $1,000
900, and they made this good shaving
down the dividend. Instead of pay
ing out SIC, 100000 this month, So
600, 900 will be distributed among the
stockholders.
They will not lose the $1,000, 900,
however, although the trust does not
carry any insurance on it's oil works.
The public must pay for the loss the
trust suffers by FIRE.
Since the blaze at Bayonne the trust
has advanced the price Of oil to con-
sumers, and during the rest of the
year the public will have to make
good the 100000 eaten up by the
| flames.
At the first Of the year it was
planned by the Rockefellers to earn q
50 per cent. dividend during 1900.
Only seven and quarter months have
elapsed, and SO per cent has been
earned, notwithstanding the $1,000
600 loss. 1t is regarded as certainty
that the remaining IL per cent. or
$12, 600, 900, will be earned during the
next four and three quarter months.
The wealth Of John d. Rockefeller,
the head Of the trust. is growing at
rate incomprehensible to the average
mind. He is being submerged in his
downpour Of riches. He could not
dodge the steady, persistent influx Of
wealth if he wished. Every instant
the clock ticks off second, day and
night Sunday and holidays, he gets
more money than the average man
earns in week.
And he is dyspeptic. He cannot
enjoy his wealth. Fine viands are
never served to him. He has to con-
tent himself with food palmer than
that which the day laborer eats.
Crackers and milk comprise his chief
diet.
He cannot take the time to seek
pleasure. He has to work harder than
the salaried employe with big family
to support. His anxiety is ceaaeless.
He is tied down hand and foot by the
immensity Of his wealth and the in.
calculable business interests OF which
he is the guiding spiriG. He gives
away 81, ,000, 900 or 81, 900, GOO 20 some
educational institution, bnt 1t means
less sacrifice to him than 1t does to
the hard working man who drops a
nickel into the hand of beggar.
John d. Rockefeller owns 81 per
cent. Of the capital stock Of the Stand
ard Oil company Of New Jersey.
This is merely the parent corporation
Of the innumerable subsidiary COM
panies which compose the trust. Each
Of these companies makes its own
profits, and the trust gets its share
from the ownership OF stook in them.
The trust owns 81 per cent. Of the
stock in all these subsidiary COM
panies, and it has made $4,000, 900
SO far this year out Of that ownership.
The remaining 49 per cent. Of the sub.
sidiary companies is owned by John
D. Rockefeller outright in addition to
his 81 per cent. interest iu the parent
corporation.
His share Of the dividends so far
declared this year by the parent trust
is $11, 100000. His 80 per cent. share
Of the profits Of the subsidiary com.
panies is s36,51o,ooO, making in all
s48, ,29O, 900 that he has received SO
far this year from his interests in oil
But this mans wealth is 80 g. eat
that the oil Industry, immense as It is,
is not large enough to employ his
riches. He owns an interest in innum.
erable railroads, banks, insurance and
trust companies, mining corporations
and industrial enterprises.
His investments in these corpora
tions, will bring his total income this
year up to at least $50, 600, 600, and
perhaps $75, 100000. Based upon
$50, 900, 900, his daily income is s164,-
1888, one-fourth Of which would be
deemed an independent fortune by the
average femily.-Ne,o York; Journal.
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