Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1912-11-08

to the $25,O00.000 he received on at
tanning his thirtieth year, put Mr..
Vanderbilt in the ranks OF the super
dreadnaughts OF American finance.
While the sum OF Mr.. Vanderbilts
fortune is set down at $50,O0O,OOO. II
is believed by those who have made
study OF Americas great private FOR
tunes that the holdings OF young Mr.
Vanderbilt will exceed that amount by
several million dollars. This accre-
ton has come In spite of his prodlgai
expenditures both in this country and
abroad.
Alfred G. Vanderbilt is now the
master OF the wealth left by his ia
Their for the reason that his elder
brother, Cornelius, lost favor with MS
father a few years before the latter's
death. Had this not occurred The
great fortune would now be divided
equally between the two brothers.
The breach between Cornelius Van
derbilt and his father was never heal
ed, although members OF the family
and close friends did all in their pow
er to dissipate the elder Vanderbllts
anger against his son. AS a conse-
quence, Cornelius was cut on with
the comparatively meager sum OF
$1,500,000. but it is believed, In fact
generally understood, that the dis
inherited" son has not been obliged to
worry along on his slim inheritance;
that both his brother Alfred and his
mother have contributed out of their
own patrimonies to his purse to the
extent OF $10,00O,O00 or $12,00O,0OO.
While Alfred G. Vanderbilt has now
become one of Americas real wealthy
citizens, 1t is not generally believed
that it will have any special or direct
effect upon American finance so far
as active commerce is concerned.
This young millionaire seems never to
have had much fancy for business or
the manipulation of finance that In
wolves any greater intricacies than
the process of maintaining blooded
horses and elegant apartments IN
New York, London and Paris. conduct
ing horse shows and driving coaches.
This has been his habit for years and
It is not to be expected therefore that
he will drop these diversions which he
so dearly love- to enter into busi'
ness career, for which he has no taste
OF late years Mr. Vanderbilt has
spent most of his time abroad. HE
favors Europe as playground more
than he does his native country. His
passion for coaching found an outlet
a few years ago when he established
the old coach line between London
and Brighton, and he soon became a
very familiar figure in the English
metropolis sitting on the box OF his
coach speeding with his fashionable
passengers on the way to Brighton.
AS president of the New York Horse
show, Mr.. Vanderbilt takes rank as
the foremost society horseman IN
America, and in the circle Of those
who go In for such things, he enjoys
great popularity.
While his social position and wealth
gives him a place in the inner temple
of society. he has never shown great
taste for the conventional functions OF
Fifth avenue and Newport nor Lon
don's West End.
However. society has always watch
ed his movements with keen interest,
and it is not overstating the case to
say that he has given society many
piquant theme for drawing room dis
cussion.
Mr.. Vanderbilt has been married
twice. His present wife was the d.
vorced wife OF DR.. Smith Hollins Nc
Kim Of Baltimore. She is the daugh-
ter of Capt. Isaac e. Emerson OF Bal
timore and Mrs. c. Hazeltine Basshor.
The present Mrs. Vanderbilt obtain
ed divorce from DR.. McKim at Reno,
New, in 1910. and was married to Mr.
Vanderbilt In England the following
year. The romance Of Mr., Wander
bilt and the beautiful Mrs. Mckim Is
said to date from 1908.