The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1904-04-09

y i" Rockefeller. having
made a billion.
should not leave an estate of four or
ave billions. Now. this editorial does
not agree with you Here IS what II
says: Those who hold that the future
Is menaced by vast accumulation Of
wealth in the hands Of the few have
10 valid ground for their fears. The
tendency Of all vast fortunes is TO scat
Ter themselves The sons OF wealthy
parents squanGer their inheritances or
lose them in badly judged Investments
This u as II should be. The American
people can therefore contemplate the
btllionaire with eomplaeency.' That's
what this editorial says. and it's in a
good paper"
Every sentence contains a positive
nisstatement." declared Colonel Mon
roe The tendency Of vast fortunes
Il TO protect and TO enlarge themselves.
The sons OF wealthy parents conserve
their Inheritance and multiply il By
safe investments. The Millionaire can
contemplate the American people with
AH0N VI 10 ass Win
longer ears than the one who believes
that 4 day IS at hand when wealth
viii come to him through the failure
q millionaires. He Is incapable OF
grasping the palpable fact that when
men Of modest fortunes fail their fail
ing helps to make the miIlonalres and
that when the millionaire meets fnan-
cial disaster his wealth Is grasped by
some greater magnate. Great mag
mates do not fan. When did a Roth
schild failT What inroads have been
made on the hereditary wealth Of Eng
land, Of France, Of Germany or Of
Russia? Name a family conspicuous
two generations ago for its holdings
In this country which is not more
powerful today. Scan the list Of the
Four Hundred alphabetically from the
Astors TO the Yanderbilts and pick
cut those who have squandered their
fortunes. You can count them on the
fingers Of one hand"
Rockefeller might fail for all that"
assisted Jenkins. II Is one OF the pc
culiarities Of LincOlnville's postmaster
that he seldom includes himself among
those held up to criticism or ridicule
By Colonel Monroe
You would realize the ImpOssibiHty
Of such an event IL you better under
stood the position which Mr. Rookie
Teller occupies in the banking and
financial world" interposed Judge
Sawyer. ''Of course it. l. possible for
any human Institution to fail, not ex-
eepting our form Of government or our
system Of society, but should con
slider the financial security Of the gen
tleman under discussion fully as well
assured as Is the stability Of either
Though not the president Of any bank
Ing Institution or officially connected
with any. so far as know, Mr.. Rocke-
Teller is beyond question the greats !.
banker the world ever saw"
That's news to met exclaimed Post
master Jenkins. Il thought all OF his
money was made in oil
Il doubt II there be an Industry IN
the country. railroads excepted. thu
control Of which would enable u man
TO become Millionaire" reflected Colo
mel Monroe. i suppose that the steel
Industry Is az extensive and valuable
as any, and set il would not take a bill
lion to duplicate all Of its assets. The
total estimated value Of all Of the prop.
erty In the United States. Including
land, is cOnservatively placed al $50
OO.OOOOO II therefore follows that
IL a man desires to amaRs 100000
90 he must DO more than to secure
the absolute ownership Of an entire
Industry. however great that industry
may be. BY the way. Judge, did you
see the statement made recently By
President Fish Of the Illinois Contra
Railroad company
Judge Sawyer said he had not no
ticed it,
President Fish said that there were
seven men In the United States who
were practically In control Of all Of fl,
railroads and 81 its finances. He was
Of the opinion that in the near future
there would be not exceeding twenty
railroad corporations in the place OF
the hundred or more which yet retain
pretense Of individuality. Hr. Fi4h
saw nothing Objectionable in this pro-
gramme, nor did he seem to consider
u startling prediction. And II Ia not
But what would have been thought n,
The man who twenty years ago had
predicted that a time would arrive
when seven men would be strong
enough financially to control $1,000.
10000 worth Of railroad property nd
70 buy trunk lines as a woman pur.
ehases calico on bargain day? Mr.
Fish did not name these seven great
men, but any one who IL at all con.
Versant with the situation knows who
they are. Did ii ever occur to Won.
Judge. that every one Of them Il a
bankerr'
mot a banker In the sense that 7
am" responded Judge Sawyer. who IL
president OF the First National bonk
u Lincolnv:ile and It's wenithIest citt
uen, Colonel Monroe not excepted