Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-11-16


,heir wealth are the Astors and the
yanderbllts. Both owe their oonse'
ouence to their fortunes. These for
tunes have been the growth of 100
years. They began their careers In the
humblest way
AS illustrative Of the manner In which
the great 5000 0OO estates in America
have been created the Nanderbilts prob
ably furnish the best national type
The Duke Of Westminster furnishes
the best equivalent illustration OF tns
accumulation of great wealth by his
class In Great Britain. But the growth
Of the Grosvenor estate IN England has
been the steady accumulation by one
family OF wealth for almost 1000 years.
When the founder OF the mighty for
tune of the Vanderbllts died In 1871 he
was worth siOO.OOO,OO0 The first duke OF
Westminster died in December, 1899 He
was worth about as much as the found
er OF the Vanderbilt fortunes.
Cornelius Vanderbilt, "the commo-
dore" was born in 1884 He was one
of eight children. The Vanderbllts have
had large families The commod0res
Island. He was a poor man. He
raised his big family, as did William IL.
Vanderbilt. on an eighty acre Staten
Island farm. And there his stern, hard
old father, let his son live, until that
day IN 1871 when, from "a place that
il took hard sculillng to make a living
on" he moved into New York city, and
took his seat among the moneyed men
Of Gotham, the heir to a goodly part OF
100000, COO.
And here a DEPRESSION may not be out
Of order. The fortune OF the DUKE or
Westminster is held under very dliter-
ent conditions from that OF the van
derbllt estates The greater part OF the
English dukes estate cannot be sold at
all. The free simple--that is, the prop
erty itself-cannot be parted with. II is
entsiled. Much Of II Is In the form OF
lands and houses In the city OF Lon
don. Then there are three great land
ed estates belonging TO the Grosvenor
estate, as the Westminster property IN
called. The largest and probably the
most valuable Is Eaton hall, In the
county OF Chester. The others are Hall
kin and Hplywell. both In Flintshlrt.
Not an acre of ali these great estates
can be decided away out Of the dukes
family. The Vanderbilt property,
houses. land In New York city, and the
great amount Of stock and bonds OF the
New York Central & Hudson River
railroad, and the other railroads the
Vanderbilts own, can be sold, Just as
any other railway stock Is daily sold
II is a notable fact that the Vest
minister estate does not bring IN the In
come the great American properly we
are comparing II with does. Iaxes are
very hign IN England, especially IN Ger.
tain sections OF London. The city
proper Oh LONDON the old town. as IL
10 Called IS only ABOUT mile ana
nalf long by Z mile Wide. TAXATION Is
very UNEQUAL IN London Ihus u Is that
tne sioV'VOV'VoV estate OF the fanuerDills
pring IN much greater revenue imam
does the brltlsh estate, Valued on tne
same scaie. Ihen the owners OF tne
nrst-nahed can sell any portion OF al
OF u II tney choose Inc other cannot
pe parted Witn' III Zee simpie' AZ an.
me nome ne OF tne Irst generation
OF 'ahuernilts was nara Ihose VINO
wuiu enuuie harushlpt hiohe survived
inat sort OF system pred strong men
unu WOMEN physicaily. ~ was conn-
uon MOI uncommon at that time. Inc
revoiuuoh hau not peen over long, me
coun,ry vas new. crune, WIN great Dut
unueve,oped resources, lnefe were not
hsii uozen iafniiies IN New tork Guy
VINO were aple 70 I'VE WITHOUT the m
cone some OF the men were apie 10
esrn.
me Vanuerpilts Quilted the pa'erna'
TUT uee early lhey hsa 10 1--WE cor
nenus' the nrst' ana nis prolner sacop
yV'heu lvroes TOT while Us waterlneh
N running line OF ferry boats from
new YORK 10 staten Island. jacob
soon saw there was living In the
Su~ness lot one put not Tor two' 80
ne pousht ms orothers interest, ana
SoIhehus turned MS attention TO other
neius' ne ran a ilne OF freight car
Tying SAILING crait from New YORK 10
Abahy' win the common use OF
sreani, the vessels made the trip very
qu,ckiy When the commodore sold
OUT again MS SWIFT boats were making
VIC i9V-nhie trlps IN ftteen hours. IN
isfs the commodore made the greatest
ss'ehe vi nus llte' WIN the discovery
OF goid. an immense emigration began
~ NaiIiornla' Inc commodore saw his
chance He put on a line OF fast
s.esmsnips one sailing every ten days.
Irom New York 70 Aspinwail. the last
pol' on tnis ide or the lsthmus OF Pana-
Ina, established fast line OF stages
eennec.lne with his steamers from
new YORK. carrying their passengers to
I'm tne oes' port on the racine
ans - nS steansnips met heh
Nc. ss ~ .nein 70 San Francisco "
M, Ta. Wy ,hanaseiheht OF thls lin'
VA VA Solneius became the commodore.
a., .S. e prospereu beyond MS hlgh-
=. .npsv.a.,ohs'
.. "a' ~ tne ssle OF TINS line that the
ram s allaD peV"een himself ana
v anaa1uu ~ Harrlson ACQUIRED
- Gar., nau agreed 70 sell the line
or,oa a'9oi an olu ~. LOUIS ana New
on sseanooat captain ana once
g, y. isi,lous Inc OF boats from
- DouIs 70 new Orleans. Garrison
nan so'ne trouble IN getting Tho large
S u.' vi niuney ne mad 70 pay Wander
n' .oselner He hnally did get H.,
~ s"e sya a ., three certified checks,
go, y, sOe,vVo' put vanderbilt hatly re-
asSeu 10 sign the contract on the bill
go. ~ sa'e SrnVeFing the PROPERTY ~ Gov
n Wnen the commodore found his
nv nsu 20 increased IN value. that Il
w. Tearing IRON s2eooO 10 t25.ooo per
month he fatty declined to
Svnlbiee ,he SAFE one morning, after
ndfflSoN nad made half a doyqn caftq