Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1905-03-16

of Mr.. Rockefellers banking interestsJ
A well-informed Wall street hnancier
showed me a list recently Of 30 banks
and trust companies. all Of which are
reputed TO be more or less under tho
Rockefeller influence. II John ID. Rock
efeller had nothing but his bank hold
ins. he would be known rs the coun-
try's richest banker and would have q
fortune equaled by few In the United
States.
Oil, steel, railroads, banks and trust
companies have not been equal to the
task of providing occupation sufficient
for all the fast-multiplying Rockefeller
millions. Within the past ten years
especially q great many OF them have
gone into a particularly lucrative form
OF investment-city lighting and trac-
ton companies. Whether 100000 or
s25.O00,0OO more nearly represents John
d. Rockefeller's investments Of this sort
in and about New York II is impossible
to say, but the amount is likely TO DO
near the latter figure. while he has other
large sums similarly invested In New
England and the central west
Two important items OF John ID.
Rockefellers fortune are frequently
overlooked in making computations OF
his wealth. These are his holdings Of
real estate and mortgages and OF gov
eminent and municipal bonds. Both are
so vast that II we undertook to follow
out the threads that lead to them they
would take us to every part Of the Unit
ed States and across the Atlantic.
While Mr.. Rockefeller's real estate
holdings would amount to probably
S1O,OO0,0OO, such investment does not
prove q very attractive venture for the
astute financier. He prefers to let the
other fellow own the real estate and he
hold the mortgage. The city Of Cleve-
land is an example of this. He owns
valuable property there-Forest Hills
and his Tarrytown IN. W estate Is
truly baronial in its magnificent proper
tons. but these are nothing In COM
harrison to his mortgage holdings. in
cleveland he holds a 100000 mortgage
ON the principal hotel. mortgage for
q like amount on large wholesale busi-
ness. and banking and street railway
HOLDINGS which would bring the total to
SIS. 100000 in the Ohio city alone.
But Cleveland is lot the only city in
the United States that is doing a good
part of its business on John d. Rookie
feller's money and paying him well for
the privilege. New York. Chicago, Pitts
burg and Buffalo are cases in point.
Will Be Worlds First Millionaire.
OF Mr. Rockefeller's holdings in gov
eminent and municipal bonds 1t were
idle to speculate. His beneficent atten-
tions have been bestowed on other fields,
too. that are not included in any Of the
above classifications, such as that or
the big insurance companies, steamship
and telegraph and building corporations
and other things, as the department
store advertisements say, too numerous
to mention.
Taking into account all these wide
spread interests, 1t Is not difficult 10
figure out that John ID. Rockefeller Is
already possessed of upward of $780,
100000, or that, with the power which
his vast wealth gives him OF buying
cheaply when prices are at rock bot
tom and when financial stress compeis
the holders of particular properties TO
let them go, he will become a fuii-
fledged Millionaire within another ten
years. II he lives so long. Indeed, the
accumulation of his yearly income OF
S50.0000O0. or thereabouts, Will carry
him to that point without any allowance
for the appreciation of the properties In
which his money is invested such as ID
certain to occur.
II one were to construct table show
ing chronologically the growth OF Mr..
Rockefeller's fortune 1t would read about
as follows:
1000
1861 $4,000
1870 $4,000
1875 5.000.0 900
1855 ............ 1O0.OO0.O00
1890 ........... 200, 900. 900
1000 ..... O,00O, 900