The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1905-03-03

branch OF Mr.. Rockefellers fortune, in
Guiding the increase yielded by his in
come during the intervening period,
must represent not less than $3.50
000, 1000.
1t is pretty well authenticated how
ever, that for the past decade Mr. Rookie
feller's yearly income has been steadi-
ly rising from $30.000.000 at the begin
ming Of the period to a point at least
two-thirds greater than that at the
present time. and that. during the pre-
ceding ten years, it grew from SIC, 900. 900
10 $30,0000 900
Lives the Simple, Frugal Life.
Mr.. Rockefeller and his family are
modest in habit and expenditure. They
are perhaps the most notable devotees
of the simple life among our multi
millionaires. If we assume that 50 000.-
coo were expended every year in living
and in charity. it will be seen that the
natural growth of this income without
counting it's compromising power
THROUGH investments must have r'dof
nearly $500 600 600 to the total But This
vast sum has not been allowed to ac-
cumulate in vaults and strong boxes
Practically every dollar of il has been
invested where il has earned other dol
lars Many of them. directed by the
keen trading instinct of their owner
have multiplied themselves threefold
within the past dozen years. One of the
a7vantages of aggregated wealth is that
II enables its pOssessCr in times If
anic or depression to purchase valuable
r0Derties chearly and by the simrlc
rocess of holding them until better
ines to realize a multiplied return on
ne Investment.
Three-Fold Profit in Iron.
Mr.. Rockefeller hos done this in many
Instances. A notable case was that Of
his iron ore properties. During the de-
~ressiOn of 1880 he bought cheaplv for
ash. the ore lands of Lake Superior and
he Minnesota ranges. He improved the
lining equipment built great docks and
invested I'm hu~e Gre carriers on the
~r"at lakes. When the era of hi~h
~rices came along on the prosreritv
wave cf 1900 and the United States Steel
corporation was Croa niZed Mr.. Rookie
"oller sold out. The sos. 00O.0 which
Nv Rockefeller hos IN one form or an
Dor Of steel holdings may be said 10
ra-resent almost ertirelv profits on h 4,
ovestment Of dozen ears ago. II :
~ derstood that II a@'it'on to his inter
rsts in the U~ito1 States Steel corrora
ton however 10 hos terv large hold
ines in the Lacl-avanna steel com orv.
lille he is . ro"o~ni2ed factor H. tho
~oirs of the Colorado Fuel and Iron
~cmrany.
Verv much the same story AS his
7roGtable investments in iron-ore lanes
could be told of his connection with the
'ead and zinc mines which were trars-
erred to the trust at a profit that ran
into millions.
In the discussion about the affairs of
the Amalgamated Copper company the
1ame of Rockefeller has been mentioned
frequently, but it has been explicitly de
MED by the legal representatives of
standard Oil that John ID. Rockefeller
has any interest in this company. in
which his brother, William. and his
close associate. r.. II. Rogers. have been
the leading spirits This statement is
accepted at its face value in Wall street
where it is known that John ID. Rookie
Teller has heavy investments in a much
more profitable company. the American
Smelling and Refining.
other industrial companies in which
he is largely concerned are the Ameri-
can Linseed Oil company, two of the biz
express companies. The sugar trust and
the various organizations known collec-
lively as the tobacco trust.
Not a Railway Man, But
John ID. Rockefeller is rot known as
a railway man. While there are Van
derbilt, Hill, Morgan and Hartman
systems. there is no combir alton of
roads known as the Rockefeller system.
Nevertheless Mr. Rockefeller is the larg-
est individual holder of railroad securi-
ties in the country RE is heavily inter
ested in the Gould roads-Missouri Pa.
cific. Missouri. Kansas e Texas, Texas
& Pacific and Wabash-and il is through
bis backing and assistance that George