The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-05
WINNERS IN Wall STREET
TWO BILLION DOLLARS REPRE-
SCENTS THE INCREASED WEALTH
OF OWNERS OF STOCK
STANDARD OIL CROWD LEAD
Since the Room Started Their Hold
ings Have Increased Four
Hundred Million Dol
lars in Value.

n. Y, Cor. Philadelphia North American.
The rise in stocks since the boom start
ed about six months ago shows a gain Of
about $2.o 100000.
Who got the money?
The inquiry opens up a fascinating sub
ject and gives great play to the magma
ton as well as infinite latitude for a
plain statement Of facts The bulk of the
appreciation must be placed ito the credit
of the whole of the permanent holders OF
the securities but aside from that class
there are thousands and tens of thou
sands of spectators who have made
enormous sums of money.
The Standard Oil crowd, with John D.
Rockefeller at its head, has made the
largest winning, and If it could realize in
cash on the vast mass of stocks and
bonds held by it the profit would show
not less than $500, 000, 000, and the aggTe-
gate might be $50, 100000 higher Mr..
Rockefeller alone is better off by $3.50, Co.,
600 than he was six months ago.
The Vanderbilt family comes next on
the list with profits Of at least $50, 800,
which has been reinvested in the securi-
ties Of the railroad systems with which
the Vanderbilt name is identified The
family interest has probably not been in.
creased in New York Central or Lake
Shore, but has undoubtedly been exINnd>
ed in Union Pacific, Northwestern and
the Western end of the combination.
The Gould holdings would sell for S75,-
000,00 more than could have been obtain
ed for them three weeks before the re-
election Of Mckinley. The substantial syn
dicates which for years held the control
of the Pennsylvania, Louisville and
Nashville, st. Paul, Rock Island, Illinois
Central, Atchison and the Pacific can
safely add 90 per cent to 100 per cent to
the appralsement Of their assets on the
basis Of quotations six months ago.
These syndicates are, for the most part,
located in Boston, New York, Phila-
delphia, Chicago, London and Amster-
dam. The men composing them are
among the most solid bankers and capt.
taliSts in the world, and they never APP
pear in speculation, as the phrase is
commonly understood.
What ]. Pierpont Morgan has made no.
body can say, and in the present incom-
plete stage of many Of the enterprises in
which he is interested no estimate Of his
status would have value. He may be
$50 100000 or better off than he was last
fall, or he may be $3.50, $50 to the good
He stands in the position of underwater
or indorser on securities of the par value
of $1,000, 000, Co., These securities are now
in high favor and in great public de-
mand.
The second class of multi-millionaires,
creased by reason of the extraordinary
boom in prices, includes such men as
Marshall Field, of Chicago, who is $25,-
200 richer Norman B. Rean, of Chi
cago, profits $15,0OO,OO0; John w. Gates
and I. N. Wood, of Chicago, each SIS, 0j0 :
600; H. Fl. Porter, $40, 100000; e. II Harri-
man. $25, 600 900; w. Fl. and J. H Moore,
each $20,0000O0; D. G. Reid of Richmond,
Ind, Chicago, Ill, and New York, $l5,-
OO0O0O w. B. Leeds, his associate, $l0,-
100000; w. c. Whitney, $15,OOO,O0O, and
Harry Oliver, Pittsburg, $10GO0,00n.
Coming down the scale a little further
we have S. M. Nickerson, former presi-
dent and majority owner of the First
National Secretary Cages Bank of
Chicago, who has cleared $4,000, O00
through association with H. H Porter
Mr.. Nickerson is now a resident of New
York, and it IS said, intends to establish
great banking trust concern, of which
Secretary Gage may be asked to become
the president.
John Dupee the veteran New York and
Chicago stock broker, has cleared 81, COO, :
eco since the LIST of January bulling the
granger stocks. Peter Kimberley of
Sharon, Pa, has cleared up about s., co.,
GOO on the sale of ore properties to the
big steel combine.
Everybody identified with the steel
properties taken into the United States
SISel SOTpOIdllOn mas pfOQCed enormous
ly, not only by reason OF Identification
with the deal, but in general speculation
there has been a great deal of plunglng
by these fortunate gentlemen with al
most no losings to be charged against
them.
Robert T. Lincoln of Chicago. son of
the martyred president is said to be
ahead of the game 81, 0OO0 lie doesn't
speculate. but was very fortunate in his
investments on account of his close assoc
citation with N b. Ream and Marshall
Field. Mr.. Lincoln is one of the trus-
tees of the George NJ. Pullman estate
out of which he has drawn fees to the
extent of $5O00OO W
Frank o. Lowden, who married into
the Pullman family and would Tfke to be
United States senator, is said to have
pulled 81, $780, 600 out of the stock market
Gen. Horace F. Porter, United States
minister to France, can count his profits
in the seven figures. He has dealt at long
range and very conservatively most Of
his gains being due to legitimate advice
on his investments.
w. H. White, who startled Washington
TWO years ago by winning 81, 100000 from
a shoe-string and lost it again. has made
pack his fortune and added considerably
thereto, his winnings during the last
Six months having been close to 81, 900 Goa
White moved over to New York a few
months ago in order to be close to the
game he is playing.