The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-01-03
VANDERBILT A WINNER.
He Is n Big Dealer in Stocks and Has
BoundIess Nerve.

w. G. Nicholas, in New York Telegraph.
Outside of Mr.. Rockefeller the biggest
winner on the boom in the stock market is
w. K Vanderbilt. Mr.Vanderbilt was a
buyer of stocks on an enormous scale
when they were cheapest, and he added
to his line all the way up. On the surface
J. Pierpont Morgan is the star winner,
but there is no telling to what extent he
individually profited by his dealings. Mr..
Morgan's operations are for himself and
hundreds Of clients. The division of re-
suits is a matter of bookkeeping. Pre-
sumably in this allotment Mr.. Morgan does
not get the worst of it.
Since the death of Cornelius Vanderbilt.
W. X. has been the head Of the family.
He has command not only of his own vast
fortune but the combined fortunes of the
entire Vanderbilt family. He has qualities
which his elder brother lacked. Cornelius
was essentially conservative. He rarely
put his money or the money of those in
trusted to his care into investments which
would be turned down by savings banks
or probate courts.
W. X. is more venturesome He is very
much like his father w H. Vanderbilt
street of which history gives an account
He was a great commission payer, which
means that he was a colossal Spectator.
The world at large knew nothing of this.
but the fact is nevertheless we'll known
in Wall street.
W. X. Vanderbilt is a trader on a very
much larger scale than his father ever
was. He is not a gambler or a plunger in
the sense of blindly putting his money
down for the sake of getting action on 1t.
He is an optimist on his country's growth
and development. He is a perfect mine
of information as to the resources. dormant
and developed. of every section of the
United States. Nobody can take a propo-
sition TO him that he cannot pass upon
almost instantly. which in any way in
wolves the resources of any section be-
tween the Pacific and Atlantic. Specialists
are amazed at the extent and accuracy
of his information
He is also an expert In every feature
Of the railway business and could fill any
position from section hand to president
purely on merit. He has the further adj
vantage of an inherited endowment of
courage. Like his grandfather, the Com
modore he has the nerve 10 bet on him.
self and on his country. He is bull on
the period in which he lives and likes to
see his property grow under his man.
agement
Being thus qualified, 1t is only natural
that he should have been among the first
To get under the market" With his un-
limited resources he was able TO take
hold on a titanic scale and his profits
are commensurate with the volume OF his
investments. Being believer I'm him
self and I'm his country and i'm his prop
erty, ne is one OF the men who has not
sold out and realized on the rise which
has taken place. He may have parted
with some OF his stocks and banked the
winnings, but he is still probably the
largest individual holder of railroad Sc
curities in the United States ard his fol-
lowing sticks right by him. Mr.. Wander
bilt is the real backbone OF the cam
paign for putting Western railway sys-
TENS on "A strictly business basis. as he
a.. hrnt in mia tor,
OF the Eastern situation.
OF course, j. ID. Rockefeller Is the prem
Ter winner OF the year. The advance In
Standard Oil alone fixes his standing in
that regard. That, however only repre-
sents part of his profits. He Is interested
I'm dozen railway systems. not as a
control. but in very important way. and
Is heavy holder in Pennsylvania. Read