The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-11-21
AMERICAS RICHEST FAMILIES

- tHdNllnS III an uptVNh - ~ ANoii'-
One of the number, throwing
aside a newspaper, said:
7 see that some fellow over in Lon
don has been adding up the wealth
of the Rothschilds. More than twenty
different families bearing the name and
sharing in the fortune founded by the
original Anselm are scattered over
Europe 1t is estimated that the ag-
gregate wealth of the Rothschild clan
is $500 100000"
"That goes ahead of Rockefeller"
commented another member of the
group listlessly.
'Ah. but there are more than TWEEN
ty Rothschild families" interposed
third speaker. "and our John D. stands
for $500, O0O. coo all by himself"
That's the point" chimed in
voice concealed in a cloud of cigar
smoke. How would the combined
wealth of twenty of our richest Ameri-
cans size up against the Rothsehilds'
aggregate? Make some calculations.
somebody"
This suggestion caused one of the
clubmen who has an eminently re-
spectacle and lucrative business con-
nection Wall street to call for memo
randum pad His companions gave
him their interested attention.
Now, call off the names of some rlch
Americans" said he. TN start with
John D. Rockefeller and put him down
as being worth 100000, 000'
Andrew Carnegie" suggested the
concealed smoker.
William K. Vanderbilt called out
the man who had introduced the sub
ject.
John Jacob Astor," volunteered an
other.
William Rockefeller. George J;
Gould, J. Pierpont Morgan, Marshall
Field, D. o. Mills. Russell Sage,
came in rapid succession from the now
thoroughly aroused group.
wait a moment, wait moment,
interrupted the man>with the pad. Let
me get these names down in order.
How much shall l put Carnegie down
for?"
1.-TWO hundred million dollars" said
one man.
rs he worth as much as THAR
asked the concealed voice.
Yes. and more" murmured the man
with the pad My knowledge Of Wall
street affairs will help Us out here.
Mr.. Carnegie received for his interest
i'm the Carnegie steel plant about $780,
600, 900 in United States collateral trust
5 per cent bonds, $75, 100000 Of United
States Steel per cent preferred stock
and $25. 000 coo i'm cash. He is worth
all of $500. 900. 900 and has an annual
income of about S1S.000.0O0.'
What is John d. ROckefeller's an
nual income?"
We'll he owns about $4,000 900 Of
the 800, 600, 900 OF Standard Oil stock,
which pays him from 40 TO so per cent
i'm yearly dividends. That yields ain
income of something over $40. 00O. 900.
Then he has $500, 600, 900 or so of bank,
railroad az0 mining securities which
cannot pay him less than s5,00O.00O per
annum | should say that S25,000,OO0
was a low estimate of J. d. RS annual
income"
How about the yearly incomes of
w. X. Vanderbilt and Colonel Aston?
asked some one
Assuming that Mr.. Vanderbilt and
Mr.. Astor are each worth about $l25,-
0O0. 000," unused the oracle, I'VE must
consider the character of their invest
ments. 1t is a matter Of record that
w X. Vanderbilt owns bonds and
stocks of many railroads. Some Of
his bonds pay him Z per cent interest;
others pay him 4, ; and s per cent.
His New York Central stock now pays
; per cent dividends, but he doubtless
has a great deal of railroad stock that
yields less. Suppose he averages 4 per
cent on his entire $l25, 100000. That
would give him s.. 600 600 annually.
! Colonel Actors property is largely real
estate. although he is reputed 10 have
numerous large blocks of bank stock,
railroad securities and electrical Sc
Curities. He owns from $50.000.0O0 to
81, 00O 600 of high class improved real
/ estate in New York City, and that
must net him from 315 TO per cent
per annum. Hotel property is par
ticularly remunerative. l have no
doubt that Colonel Astor's $4,000. COO,
averaging down fro Chemical bank
stock to the cheap tenements, yields
him 4 per cent net We will not con-
slider the $125. 100000 of New York
property owned By William Waldorf
Astor, who is now a legally acknowl-
edged subject Of King Edward"
For a brief space silence pervaded
the grill room. while the man with the
pad and pencil extended his list by
adding all Of the names that had been
suggested and several others that came
to mind.
where does J. Pierpont Morgan
come in?" inquired the voice in the
smoke cloud.
Morgan is different from the other
multi-millionaires. inasmuch rs ne makes
more money in proportion TO his accumu-
/ lated wealth than any of the others.
said the oracle. as he wrote $50000000 OPP
posite Mr.. Morgans maine. "Frcm his
| fixed Investments ! suppose that j. Pier
/ DOnt Morgan has an annual income OF
/ s1.500-O00 or SO. but he makes from 5000
/ 600 to Sl0.0o0,O00 a year out OF his business
His present earning power certainly JUS
titles our setting his annual income down
/ at 81. 800 900. Mr.. Morgan mas given away
an enormous fortune in his lifetime. else
| he would today rank among the 100000
/ 600 fellows.
William Rockefeller probably has 800
I 000.090 invested in Standard oil shares
good railroad securities and some prom
ising mining properties. AS he IL a shrewd
and thriftN man. il is safe to assume that
money, which would yield him $5Go0.000 2
| year.
George J. Gould. who has built UP hi.
share of his fathers estate TO such ar
| extent that he is rated as a 100000. 90
man. has a box full of securities thai
1 paw him and per cent per annun
! CWestern Union and Manhattan railway
/ but he also has wagon load CT railroad
! shares that are awaiting ruture develop
ment TO make them productive. / will pu
/ him down for an average yearly income
| of per cent on his Sl00,OJ0,O00. however
Marshall Field. the great Chicago DR.,
j rich men OF this country. His investment.
| are for the most part giit-edge and hi.
| fortune OF 900 undoubtedly brings
him IN not less than 100000 a year.
Now. here is list" continued the mar
with the pad as he held up his works fol
general Inspection that gives a reason
ably approximate idea of the wealth ant