Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1910-02-02
LARGE INCOMES.

dehd checks represent huge fortunes
every year. William E. Curtis, tn,
well known writer. makes. the fol
lowing timely observations on the
subject:
John ID. Rockefeller gets the big
gest dividend checks of any man in
the country. and, while the exact
amount is not known, his income is
supposed to be in the neIghborhood
OF $24,O00.O00 a year. l was told
the other day by friend that he
saw a dividend check of the Stand.
ard OIL Company for s3,s00,000 made
out to the order OF Mr.. Rockefeller,
and he believed it was a quarter
ly dividend upon his holdings in that
company.
Mr. Carnegie draws $500, 900 every
Six months from the United States
Steel Corporation.
w. X. Vanderbilt receives semi
annual dividend OF s2,O42, 900 upon his
stocks in the New York Central, and
the other Vanderbilt heirs each re.
ceive 100000 semi-annually from
their holdings. 1t will be remember
ed that when the late William X.
Vanderbilt died he gave each of his
sons and daughters 10000, 900, most
ly in railroad stocks. which Is held in
trust for their benefit, and the trus-
tees collect the dividends and dis.
tribute them amnog the heirs.
George Z. Baker, who is reckoned
as one of the six richest men in
America. receives more than $4,000
200 in dividends from his stocks and
bonds in the Northern Pacific, Great
Northern, Lackawanna, Pennsylvania,
New York Central, Burlington, Wes-
tern Union and American Telephone
Company. He probably receive $500
600 more semi-annually on his stock
In the First National Bank, which
he founded and of which he has been
president since the first day 1t was
opened for business. Mr. Baker is a
Washington boy. He was brought up
In that city, where his father was an
official of the government of the Dis
trict Of Columbia nearly all his life.
MIR. Baker practically owns the
Delaware and Lackawanna Railroad,
and holds control of its stock. 4
Henry G. Frick of Pittsburg is. the
largest individual stockholder In the
Pennsylvania company, and his diyi.
dend check of $a59,o0O comes in by
mail four times year, Mr.. Frick
is heavy stockholder In the several
branch lines of the Pennsylvania sys-
TEN which pay him ssso.0OO quarter
His Northwestern stock pays him
100000; his Norfolk and Western
stock, $24l,0OO, and his steel corpor.
alton stock s21l 900 semi-annually.
Mrs. Hartman received a check OF
$1.f90;000 this month representing
dividends from her Union Pacific
stock, and several checks Of similar
amounts from her holdings in the
Southern Pacific and it's various
branches. the New York Central and
Northwestern railroads.
Mrs. John S. Kenney, widow of
The banker who died the other day
leaving s25.0O0,eOO to charity, re-
ceiyed dividend check OF 100000
from the Great Northern and one of
S49O,oOo from the Northern Pacific.
Mrs. Russell Sage received dividend
checks amounting to $l.sss,OOo from
the estern Union, the Missouri Pa
cific and other Gould companies.
The Astor family is not largely in.
terested In railroads, but have most
of their money invested in real es.
tate in New York City but John
Jacob Astor's quarterly dividend from
the New York Central Railroad was
s15s.OO0.
Moses Taylor Payr of Princeton
N. j., for himself and other parties
whom he represents as trustee, re-.
ceived check for sl,624.OOO as
dividends from the Lackawanna Rail.
road Company.
G. H. HaTkness received q divi-
dend check of $4,000 from the St.
Paul. Frank Works dividend check
from the Northwestern company was
$245.0o0: from the Lackawanna $780,.
900, and he received similarsamouni
from two other railroads
Although James J. Hill controls
the Great Northern. the Narthern Pa,
cific and the Burlington pallFplds, his
name does not appsar ps many
large certificates Of stofka His, In
terests are distributed: ,rsyetth theless
his dividend check from N Northern
Pacific s5S0,9Og.
One Of the most potahl features
OF the January dividenas i .IAa pro-
fits that are being eaFlR by the
great transcontinentai 1nA Only a
few years ago all of the always run.
ming from the Missouri Rtaer to
the Pacific Ocean were = asstate Of
decay and dilapidation stock
quoted away down below }ar.5paid no u
dividend. and it was ditfRE Tor II tie IL /,
treasurers to scrabe up III mon.
ey to pay the interesf 4 tkg bopds.;,l
To-day all Of the fr3 | 4 Sea atinentaf +;
roads are in almost psack physical
condition; they are d1lg In enor-
nous business; thsIr ck3 lis at a
premium and their regu dividends
are larger than those oflhoiter lines ,
in the East. which ruy Though a
thickly, settled portion Tie coun. :
try. This is the rssuifbf tie enter.
prise. the sagacity AZ The ecopo-
mical management q Ach men as
Hartman, Hill A. RaPley-the
greatest Of empire h2defS. r