The times., 1900-12-30
MILLIONS FOR THE FEW
Fortunes in Interest and Dividends
to Be Paid January 2.
The VAST SUM of S175.OO0.OOO to Be
D1sbursed-The Greater Portion to
he Distribnted Among Small
Number of MiIIionaircs-Thc Prep
arntions to Meet the Demands.

NEW YORK, Dec. 29.-Wednesday, jan
uary 2. 1901. will be a memorable day In
the history of the United States, for on
that day more money will be paid out
than ever before was distributed on any
one day in the history of this country or
of any other. 1t will be the day for the
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
corporations than there were year ago,
there are more stockholders and bond
holders, and there are, therefore, more
persons to whom payments will be made
AS the United States is the most pros
porous, financially and commercially, of
any country in the world, and as the year
1900 has been the most prosperous in the
country's history, it follows that the divi-
dends viii be larger this year than ever
before.
1t is estimated that the amount of
money that Will be disbursed on that day
in all of the financial centres of the coun-
try viii, be not far from S175, 100000 If
iZen of all the States and Territories, in
Guiding Hawaii, would receive fraction
less than $3.50. 1t is estimated that this
large sum will find its way into the pock-
cts of only about 1906, 900 persons. II 1t
were distributed equally between those
who will share in it, each stock and bond
holder and savings bank depositor would
receive about S14.50.
AS matter OF fact, however, II there be
taken out 5000 600 of savings banks de-
positors, whose aggregate wealth is given
at 81, 449. .54i, SS5, and whose share of this
Sis 900, 600 will not be far from $50, ,000, 900,
the rest, or about ss9,O00.000 Will be dis
tributed among comparatively few people.
There are i,047 men and women in this
country who are estimated to be worth
s1,0c0 600 or more and large part of the
remaining Ss9, GOO 900 will be divided up
among these millionaires. 1t has been
said that II the portion of the $S9. 900. 600
which will be distributed among these
possessors OF large wealth were divided
among them equally. each would receive
something like $1,000. 1t is also said that
John D. Rockefeller alone will get several
millions for his New Year gift
By far the largest part OF the s1I5. 100000
will be paid out. of course, in this city.
Those who should know say that not far
from si40, 600. 900 will be disbursed in New
York. This will be about 10000 600 more
than was paid out on January ., 1900. The
disbursements that day We're regarded as
almost fabulous. and up to that time were
the largest ever known-about $l3O, 600 600.
The January disbursements for 1893 were
sss. .66I .3999; for 1885, s79, ,205,e ,e25; for 1887,
SIS, ,3S1. $50, and fer 1896, 81, ,15S.29
In New York, 1t was said today, the
largest amount of money will be paid out
by the Farmers Loan and Trust Com
paRy and the next largest amount by j.
p. Morgan q: Co.
The banks and trust companies have
been getting in money for several weeks
TO meet the demands that will be made
upon them. The arrangements have bcen
made in such a way, however, that the
money market has not been seriously dis
turbed Friday was one OF the days on
which heavy call of loans was expected.
but there was nothing in the condition OF
the money market TO indicate that money
was scarce. Calls are also expected Mon
day, but unless they be unusually heavy
no trouble is anticipated.