The labor world. [volume] (Duluth, Minn.) 1896-current, 1904-03-19

The recent statement Of the Chicago
Record-Herald that Mr.. John D. Rookie
Teller has acquired possession of 81 of
the leading milways Of this country,
and in connection with the Gould inter-
ests controls II other lines, is not very
surprising to those who recently OBJ
served the manner in which he secured
control Of the United States Steel Cor
poration and is gradually drawing the
copper industry into his net.
HE has to buy a railroad every
| week., one man said to a New York
newspaperman in explaining, figura-
lively, the volume of the Rockefeller
income.
The New York Press, one of the lead
ing dailies of the metropolis, points the
following interesting account Of the
colossal income of Rockefeller:
John D. Rockefeller's income is now
computed at $2.06 per second, $123.66 As
per minute, $7,42o.oS per hour, $17S,-
082.0S a day, $1,246,574.50 a week, and
$65,000,000 per year.
With every tick of the clock there
drops into the Rockefeller strong box
| more than $2 Day after night night
after month, as the months grow into
years, the ceaseless textbook, textbook,
continues and the rattle of the coin
goes on. Musical at first then Mono
tonous, then maddening. But the Sec
onds never halt, the clock never wear
les, nor is the golden flow ever damned
except in speech. Resist1ess, it pours
like a Niagara toward John D. Rookie
Teller. Did he not provide outlets for
it, it would overWhelm him. This now
is his problem-how to find channels
into which to turn the money flood
Like a handful of snow started down a
mountain side, gathering particles as
it rolls, growing and rolling, gaining
speed with size and size with speed
until it becomes an avalanche that
thunders toward the valley, tearing out
rocks and uprooting trees, welding
them into it's own mass and threatening
to engulf the hamlets beloW-such is
the momentum gained by the Rookie
Teller fortune.
If the daily income were paid to
Rockefeller in $40 gold pieces they
would number a little more than $4,000.
These piled one on top Of the other,
each one-tenth Of an inch in thickness,
would reach "a feet inches into the
air, the height of a six-story building,
and more than u times the height of
Rockefeller himself. Placed on scale
the daily pile of gold would show
weight of TAI 2-3 pounds, or more than
five times the weight of the richest
man in the world. Working at the
wage he made on the Cleveland water
front-$l6 per 1nonth-it would have
taken him more than 927 years-the
lifetime of Methuselah-to earn the
amount aef sInoney that now flows to
him ii: single day.
"Standard OIL which forms the base
of the Rockefeller fortunes, is yielding
the greatest dividend since it was or
gained, but great as is the money yield
from this cource, the Rockefeller in
come from other sources is larger. The
millions upon millions which have been
Invested by Rockefeller in railroad
stocks, bank stockes, copper mines,
lead mines, iron mines, sugar stocks,
electric transportation systems, steam
ship lines, gas stocks, natural gas, coal
mines and real estate are pouring IN
a volume Of money that adds to the
Rockefeller task Of keeping it employ
ed.
1T is said John D. Rockefeller never
has lost money in an investment. He
has had to make some queer deals III
order to carry out his plan at times and
seemingly has made bad investments.
but they have been for a purpose. AL
most as universal has been his winning
in actions of law, and they have been
many. No one ever is more sure of his
1~S% 4I~ ~
to fight in the courts.
1.-The Rockefeller income today repre-
sents one-fifth Of per cent of all the
wealth created in the United States.
This means that 500 men with similar
incomes would absorb everything made
in the country, taken from the mines
with pick and powder, from the farms
with plow and pruning hook, turned
out by the factories with loom or lathe.
or made in any way whatsoever.
"Of actual money in the United States
there is less than $4,000, 600, 900 today.
Figuring on the present rate of the
Rockefeller income, if Rockefeller sim
ply sat back in his chair, or followed
white balls over golf links and permit
ted the money which comes to him to
accumulate, some IS year would see
every penny of this $4,000, 900, 900 credit
ed to his bank account.
HE owns, it is said by persons who
should know, 10000 grocery stores in
the United States. He personally owns
80 per cent. of the stock. Of the Stand
ard Oil Co. and practically all the stock
of the 80 subsidiary companies. From
the Standard Oil Co. of New Jersey the
Rockefeller income is from 24,oOO,0 900
to $29,000,oo0 a year: OF this account the
personal share Of John D. is from SIS
100000 to $4,000, OO0
ROckefel1er owns so much of the
New York Central that he could take
absolute control and turn the Wander
bills out tomorrow if he so desired. He
owns huge blocks of Pennsylvania.
Lake Shore, Chicago & Northwestern.
ST. Paul, Union Pacific, Northern Pac-
ific, Chicago, Burlington & Quincy.
Wisconsin Central, Rock Island. At
Gibson, Kansas & Texas; in fact, of
every railroad Of any consequence in
the United States.
1.-THE Rockefeller income is SO large