The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1906-03-14
R0CKEFELLER'S RICHES GROW
So FAST that HIS INCOME
NOW EXCEEDS $4,000
an HOUR. :
qe Controls LIS Corporations and the
Biggest Bank ia Tie Nation.

49, he holds esn no st. securities oi, 0 "ortiSs
Gates, is made by the Wall
Street Journal. That publication as
berts that the Standard Oil Millionaire
holds So many: securities that he re,
quires one Of the largest compartments
Of the Standard"Safe Deposit Com
pany, and that even this compartment
contains only a small percentage of
Mr.. RockefelIer's vast wealth.
John D. Rockefeller is the richest
man in the world. The value of the
securities he holds is greater than the
holdings Of any other Individual in the
world. He is represented on the
boards Of more than 125 corporations.
and his income within the last eight
years, according to the Wall Street
Journal, has exceeded 5000, 100000.
Half Of this vast sum he received in
dividends from the Standard Oil Com
pany. The rest came from other cor
porations in which he is interested.
Every time John D. Rockefeller
draws $1,000, 900 of his income, which
is something less than twice a month,
it means that the reinvestment of that
sum will; swell his income for the next
month. The most moderate estimate
gives him an income Of $50, 10000 a
year, and this is constantly growing.
The most ~extravagant man in the
world could not spend such a sum
every year. Mr.. Rockefeller is frugal.
not to say parsimonious, and he spends
less each year than many men whose
incomes are not very high up in the
thousands.
INCOME or $1O,015 AN HOUR.
On this low estimate Mr.. Rockefeller
receives $3.50, $50 a week. Every day
his fortune is increased by SS0,125 On
the basis of an eight-hour day, which
Mr.. Rockefeller's employees do not get.
by the way, he would receive SlO,Ol5
an.hour.> But Mr.. Rockefeller's money,
AS we'll as his employees, works over
time. 1t is never idle. 1t is constantly
adding unto itself. The owner Of this
vast wealth could not %impoverish him.
self. He is the modern Midas:
Mr.. Rockefeller has virtually given
up active participation in the business
of all the great concerns in which he
is interested except Standard Oil.
That is his own creature, and he guides
it still.
His son represents him on many gov
erning boards. But for the i'll health
which has pursued John D. Rookie
Teller, Jr., for two years, he would have
assumed still more of the burden of lis
fathers fortune.
The elder Rockefeller has reinvested
his income as rapidly as he has re-
ceived it, and has elected his business
associates to represent him on boards
where his interests needed watching.
The following list Of corporations that
are dominated by the Standard Oil
Company or have representatives OF.
the Standard Oil on their boards Of d.
rectors will give an idea, Of the vast
power of this one. man in: the BUSINESS.
world.
ROCKEFELLER CORPORATIONS.
Railroad companies-Baltimore and
Ohio, Delaware, LackaWanna n
Western, Missouri Pacific. Central New
England, st. Paul, Michigan Central
New York Central, New York, New
Haven and Hartford, New York, On
tario and Western, Northern Pacific,
Pittsburg and Lake Erie, Chicago and
Alton, Chicago and Northwestern, Chi
cago, Burlington and Quincy, Southern
Pacific, Union Pacific.
Industrial companies, etc.-Amerlcan
Linseed, Colorado Fuel and Iron, Fed
eral Mining and Smelling, United
States Steel Corporation, Standard Oil
Company, Amalgamated Copper Com
pany, Anaconda Mining Company,
Brooklyn Union Gas, Consolidated Gas
Company, East River Gas Company
United Metals Selling Company. Allis-
Chalmers Company, Thompson-Starrett
Company, Western Union Telegraph
Company. Buffalo General Electric
Company, Buffalo Natural Gas. Inter-
national Steam Pump Company, Mag
ara Falls Power Company, Northwest
ern Ohio Natural Gas Company, New
York Glucose Company, U. S. Realty
and Improvement.
Banks, trust companies, ctc.-Colum-
bia Bank, Hanover National Bank. Lin
coin National Bank, Mechanics Ma
tional Bank, National City Bank, Mu-
tual Life Insurance Co., United States
Trust Co., Bowery Savings Bank, Cen"
trail Realty Bond and Trust, Citizens.
Central National Bank, Columbia
Bank, Farmers Loan and Trust Co.,
National Butchers and Droyers'. New
York Life Insurance Co., Title Guar
antee and Trust, New York Trust Co.,
Riggs National Bank. Washington:
Seaboard National Bank. Colonial
Trust Co., Peoples Bank, Buffalo.
COUNTRY IN HIS HANDS.
The wealth of many Of these may be
reckored as Rockefeller wealth. AS
much as any individual may he con-
trolls United States Steel. The Ma
tional City Bank, with its S17O,O0O,Ooo
of deposits, is the Rockefeller bank.
His holdings give him the direction OF
railroads. The industrial situation or
the entire country is in his hands.
The man who owns this vast wealth
and yields such terrible power is al
most a recluse. He is accessible only
to close friends. He is hairless and
dyspeptic. A short time ago he APP
reared in a blonde wig. 1t added only
erotesnueness to his appearance. He