The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-10-19
That Is Amount Alfred Gwynne
Vanderbilt viii Receive From
Estate Tomorrow
HE'S A GOOD sPENDER, TOO
Present Will Make Him Richest
Man Of Age in Country

New York. Oct. IA birthday
present OF twenty-five million dollars.
That Is certainly going some" even
i'm these days of high prices and big
figures. Nevertheless, s25,000,0o0 is
approximately the amount that Alfred
Gwynre Vanderbilt is to receive by
virtue of the fact that he reaches his
thirty-ffth birthday anniversary to-
morrow. The sum represents the half
OF Varderbllt's patrimony willed to
him by his father. Cornelius Wander
bit. The latter was displeased with
the marriage of his oldest son, Cor
nelius Vanderbilt, Jr., and when he
died i'm 1899 he left a will that cut off
Cornelius, Jr, with n paltry million
or two and gavothe bulk of the family
fortune TO the second son. Alfred G.
Vanderbilt The fortune was estimated
in round figures at $4,000, 900. Half Of
II came into the possession of young
Vanderbilt on his thirtieth birthday.
The other half he is now to receive
upon obtaining his thirtyfifth year.
With the addition of s25.000.000 to
his personal fortune the slizerain of
the house of Vanderbilt will be pro-
NOTED to the first grade in the school
Of American multmilliunaires. After
tomorrow he will be the richest mar
of his age in all tire country. But
things move very rapidly nowadays
and the distinction Of being the
wcalthicst young man will not long
rest with yorng Vanderbilt. Less than
one month hence Vincent Astor will
attain his majority and in consequence
will come into possession of the wealth
left by his father, the late John Jacob
.Astor According to the most authori-
tative estimates the fortune az Young
Vincent Astor will amount to 800, ,OO0.-
coo or more. which will give him a rat
ing above that OF almost every other
American millionaire excepting John
d. Rockefeller.
Has Estravaeant Tastes.
In the opinion of those who keep tab
on such matters. Alfred G.. Vanderbilt
has probably come closer to living up
10 his income than any other big
New York million1ires. such as the
Roclefellers. Goulds, Astors and Nor
gans. In common parlance. Alfred G.
is what is known as good spender"
tie maintains town and { ountry houses
ON both sides of the Atlantic, has one
OF the finest establishments of show
horses in the world and goes the limit
IN, oh
pastime from yachting to automobile
ing. According &C. popular report he
pays rental in excess of $15OGO0 for
his suite Of apartments in the new
Hotel Vanderbilt in this city, for the
pleasure of occupying the rooms six or
eight weeks IN the year. SO, all thirgs
considered, the income that will fall
from his additional $25.0OO.O 200 will
probably be very welcome to al
young man of Mr.. Vanderbilts ex-
travagant tastes. And the more so
since his family expenses have been
daughter. born only few weeks ago
to the second Mrs. Alfred G.. Wander
bilt who before her marriage was
Mrs. Smith Hollis McKim, and before
that WAS Miss Emerson of Baltimore,
daughter of the man who sold out his
little drug store and vert into the
business of making a well known cure
for that morning after" feeling, and
Whose wisdom has been rewarded by a
fortune of several million dollars
reaped frcm the sale of the little blue
bottles and their contents.