Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1900-12-12
VANDERBILT'S ESTATE.

The official schedule of the personal
property OF Cornelius Vanderbilt, filed
in New York yesterday with the Cur
rogate, shows every share of stock,
every bond or other security which
constituted the princely fortune OF tbs
lead millionaire; it shows their value
and the Income derived therefrom.
The personal estate Is valued at $52,-
999. .S67, which, with 500, 600 900 in A.
ty, shows that Cornelius Vanderbilt
died worth S72 999 S67.
He had an income from his person
atty alone of 1889 900 g year, which
was less than 4 per cent on his bold
inas. 1t amounted 10 S144, $40 month.
$50 2S5 a week and $4765 a day. A
minute OF Cornelius Vanderbilt'5 time
was worth SO 80.
The Evening Journal figures in an
other wav that the income would sup
port 277S workiupmen's families Of 1--we
persons each, or Is 800 persons. 10 an.
other way, the Interest alone OF this ir-
come, at 4 per cant, would produce an
income OF $69, ,571 60, or more than the
salaries paid by the United States gov
ernmeut to President Mckinley, the
Vice President and Senators Platt and
DaDew.
II had been generally supposed that
the Vanderbilts held what approached
a controlling interest in the New York
Central Railroad. whose capital stock
is $I15, 100000. Yet, at the time Of his
death, Cornelius Vanderbilt held but
20 600 shares of New York CaDtrsl
stock, valued at par S2,00O,O0O. He
vas not the owner OF single bond o.
the New York Central main line Sc.
curities.
The schedule also shows that COroe-
lius Vanderbilt did not own single
road supposed to be controlled by the
Vanderbilts. HIS only connec ion with
hat road apparently came from the
ownership Of 500 of its 4 per cent.
bonds, valued at $500 600.
The Michigan Central, another road
the control Of which some years ego
passed into the hands Of the Wander
Oilts, is represented in the schedule OF
Mr.. Vanderbilt's holdings by but 100
shares of stock.
The connection between the Wander
bilt interests and J. PierpOnt MorgsD
will be pointed out in the heavy hold
ings of Southern Railway stock. Mr..
Vanderbilt had $4,000 shares Of the
common stock, OF which the Morgan
banking house received S5,OO0,OJO
worth in the reorganization.
Of Lake Eiie and Western stock Mr.
Vanderbilt held 5000 shares, which, it
is understood, were purchased for him
by J. Pierpont Morgan individually.
He had over 5000 GOO worth of the
stock of the Coicsgo, Cleveland, Cincin-
natl and st. Louis Railroad, property
| which has since then passed into Vaa-
derbilt control.
There is another surprise for Wall
street ia Mr.. Vanderbilts small hold
| iogs in Canada Southern, another Van
derbilt property. He had 2,lOO shares
of this stock.
O5her big stock holdings were S8,C6C
shares of Chesapeake and Ohio, "a pre-.
perty since his death acquired by The
Pennsylvania System; and $3.50 shares
in Brooklyn Rapid Transit.
The truth of the old saying that vi
takes money to breed money" Is showr
by the fact that these stocks and bonds
have already increased in valuation
5000 1O1 since the day of his deaths
nice fortune of itself, earned by no ones
| effort.
Cornelius Vanderbilt had the SINUS
little sum OF 81 1851 in cash on hanc
when he died. Ga The other hand h'
carried only $25, 900 in life insurance.