The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-26
Special to The Journal.

special TO Inc Journal
Wall Street, March 26.-John D.
Rockefeller, the worlds richest man,
whether ruling sovereign or private
citizen, has set January next as a
definite date for retiring from active
participation in business affairs. He
will then have reached his sixty-sixth
year and he has privately informed
the members of his business cabinet
that from that date his successor will
be his only son, John D. Rockefeller,
Jr.
In the quiet way in which all his
business matters have been arranged
during the quarter century he has been
an international factor in commerce,
finance and industry, the details Of re-
linquishment of active control over the
most StupendOus private business in
the world have been perfected.
Mr.. Rockefeller has retired from all
but three boards of management and
these are such as do not require per-
sonal attendance or care. His cabinet
of advisers has been so rounded out
that tvery detail of his work may be
his son as the final arbiter in all mat
ters of executive administration.
With four years on the right side Of
the scriptural age line of three score
and ten, Mr.. Rockefeller will devote
his time to health giving pursuits, the
paStlIHe u gun praying 1CcIulllS Ill ILLS
itinerary, and to perfecting certain
great plans he has in view relating to
educational aids.
Mr.. Rockefeller's greatest care af-
ter he turns over to his son the big
private office at 26 Broadway, where
for years he has welded power great
err in a financial way than any other
one man ever had, Will be now TO
spend his income.
It is a problem to this unOstenta-
tious man of millions greater than
many people may appreciate, what to
do with the money ceaselessly COM
ing to his treasury from his five hun
capital. He abhors display and osten-
tation and has no costly fads. He
never spends money for the mere
pleasure of spending it, and turnout
his life has been conspicuously an ex-
ample of sane living in an age where
extremes were the rage.
An intimate friend Of Mr.. Rookie
Teller, a business associate whose rela-
lions are closer than those of the
formers business cabinet, said this
concerning his yearly income: Mr..
Rockefellers wealth is so great that
no one may know accurately what his
income is. If you should fix the sum
total at s36,000,00O a year, it would be
as accurate an estimate as could be
made by even Mr.. Rockefeller him
self unless he should stop to sum up.
STANDARD oil alone pays him from
$16,OO0,OO0 to $2O.OO0,OOO a year as
his share of it's dividends, while his
income from railroads, fractions,
mines, lighting, water, banking and a
hundred other sources easily exceeds
that from the greatest money-making
machine man ever fashioned-the
Standard Oil company"
Accepting this authority and max
! ing 36,000,0O0 the income which the
retiring multi-millionaire must find
some way to dispose of every twelve
months, authentic comparisons here
| with presented show Mr.. Rockefeller's
task no easy one.
Suppose the United States Govern
ment were called upon to pay Mr.
Rockefeller's income for just one year
What would it mean If it tried to pay
the income from it's postal revenues
for instance, it would require the en-
tire 1902 receipts of these great post
offices.
| Chicago, ss,57e,4oo; Philadelphia
$4,151,8O0; Boston, $3,6O8, 900; St
Louis, $2,40S,700; Cincinnati, $780,
500; Baltimore, $1,329,9OO; Pittsburg
$1,214,O0O; San Francisco, $1,2O1, 900;
Cleveland, $1,137,000; Buffalo, ST.
100000, aggregating over $4,000, OO0
and the government would still be shy
about se,ooo,ooo which would further
require the united revenues Of the post
! offices Of Detroit, Kansas City, Min