The Dawson news. (Dawson, Ga.) 1889-current, 1909-10-27
ARE PICKING UP THE WEALTH
BUMPER CROP OF MILIIONAIRES
THE PAST YEAR.
More of Them Turned Out Than at
Any Other Period in the His
tory of the Country.

Any Other Period in the His
tory of the Country.
More millionaires are being made
today in the United States than at
any other period in the history of
the country. By the great wave of
consideration and the merging of
hundreds of industrial enterprises
following the close of the Spanish
American war millionaires were
turned out by the score. There were
steel kings, steamship kings, pump
kings, kings of car springs and of
air brakes, and of all sorts of things
They blossomed forth between the
sunset of one day and the dawn of
the next. The select circle of plu-
tocracy widened so swiftly that it
broke all barriers and created a new
aristocracy of wealth in America
Then, two years ago, the panic came
and put a dampener on the financial
hopes and aspirations of those who
had survived the various ills that
followed in the wake of industrial
oyer-expansion,
An Army of MillionaireS.
But since the panic clouds have
cleared away there has come anoth-
er and even more wonderful appreci-
alton of values, the most remarkable
advance in the prices of all commodi-
ties and securities that this country
nas ever known. Probably more
millionaires have been made in the
last twelve months by the steadily
rising tide of tremendous prosperity
than history ever has recorded in a
similar period of time. The num-
Der of those who have grown rich
d. quickly is greater. probably, than it
was in the time of merger and con-
solidation, nearly decade ago. Be-
fore the panic in 1907 there were,
perhaps, 5000 millionaires in New
York Now there are anywhere be-
tween 5000 and 10000.
Great Rise in Securities.
The advances in the value of Sc
curities in the last two years has
been almost incredible There prob
ably are more than 100000 persons
who are stockholders of United States
Steel In October, 1907, steel COM
mon was 217s; in February, 1909,
it was Al "a this October it has been
well above 80. The shares OF the
Pennsylvania Railroad are more
widely distributed than any other
transportation line more than $4,000
people being listed on it's books as
sharehC lders. Two years ago it was
103 lately it has been above $50.
The Union Pacific is next TO Pennsyl-
Vania in the length of its stockhold-
ers' list Union Pacific common was
100 in 1907; this year it has been
above 219, an increase of more than
100 per cent. New York Central,
Southern Pacific, Baltimore & Ohio,
Atlantic Coast Line, Illinois Central,
Great Northern, Standard Oil--prac-
tically all the stocks in the long list
of railways and industrials have ad-
vanced from so to 100 or more per
cent in value since October, 1907.
Thousands of people who are not
spectators and who are intolerant
of speculation have profted enOr-
mously by this wonderful rise in
prices. They are the ones who
bought for investment when the
prices were low, and who are now
reaping the harvest. During the
panic enormous blocks Of gilt-edge
shares were thrown on the market
when great spectators like Heinze
and Morse, and some others who
were not so spectacular or daring
had to sacrifice anything and Every
thing for ready money. Their hold