The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-06-03
HAS INCOME Of
$3.50 PER SECOND
This is the Rate at Which
Coin Rolls Into Rockefel-
ler's Golfers.

New York. June 3.-The litigation
that has brought about the examina-
ton of John D. Rockefeller as a. wit
ness to tell of the present relations
between Standard Oil and it's former
subsidiary Companies, supposedly dis
associated from it under the judg-
ment of the United States supreme
court. has involved also a quiet in
quiry into the stock holdings and 9TH
er forms of wealth of MIR. Rockefel-
Ter.
From all the data available. and
one of the associate counsel in this in
quiry said yesterday the available dta
were fairly exhaustive. the conclusion
has been reached that John D. Rock
efeller is worth s90O.00O.Ooo.
This estimate. it is believed. comes
within a few millions of being cor
rect. 1t is a practical impossibility
to arrive at an exact estimate. for the
daily fluctuations of stocks may add
or taken away several millions. MIR.
Rockefeller does not speculate. He
invests. and when the market is quite
high he sells. When it has dropped
to the low levels he buys back what
he sold and reinvests the profit in
more low priced stocks or bonds. Tho
great bulk fhis wealth is invested
in oil. railroad, banking and indus
trial stocks.
The lawyers who have undertaken
the task of calculating Just what MIR.
Rockefeller is worth have come to
one conclusion that is noteworthy.
Benefited by Panic.
That since the dissolution" of the
Standard Oil trust under the iudg-
ment of the United States supreme
court. interpreting the Sherman anti
trust act, the wealth of Mr.. Rookie
feller has grown by leaps and bounds.
It is reckoned he is now worth fully
500. 100000 more than before the su-
preme court judgment took effect.
This is due to the enormous increase
in market values of the stocks of
many of the former subsidiaries Of
the oil octopus.
One year recently. since the panic
Of 1907, the income of Mr.. Rockefel-
ler reached the extraordinary total of
$137, 100000. it was learned yester-
day from one of the Investigators.
This was his high water mark: in
fact, more than double his ordinary
income.
From his holdings of Standard Oil
stock alone Mr.. Rockefeller derives
running as high as $25.000.OO0 and
as low as SIS. 100000. so that his
yearly income varies between $55,-
900. 900 and s65,OOO,00o with an oc-
casional high beyond this mark.
$1.9O a Second.
For the purposes of an average the
Rockefeller income may he estimated
at $60.O00.000 a year. or s5.000.O00
month, or s1.153,s46.15 week. or
$164.735.31 a day, or s6.s63.97 an
hour. or $114.40 minute. or $3.50
% a second.
In 1865. as he has recorded in his
autobiography. John D. Rockefeller
achieved his first $4,000. Ten years
later he was worth $5.000,000. and IN
1890 he was reputed to be worth
about s100.oO0.oOo. which was jus.
the value of the Standard Oil CONT
pany Of New Jersey created about
that time.
The widest guesses have been
made at the amount of his fortuna
since 1900. when it was conservative.
ly figured at about $30o.0oo,oOo. But
even those who spoke of him as a
Millionaire have never dreamed he
was so close to that title as his pres
ent store of wealth indicates. if the
figures of the legal mathematicians
who have taken the subject hand
are correct.
Mr.. Rockefeller mas never ventured
to say what he was worth. Several
years ago he placed the figures at
"somewhere between 300.ooo.ooo and
s4O0. 900, ,OOO." but he confessed on
the stand he could not tell "withir
$10,OOO,0O0 or more" Just what he
was worth if he really sat down TO
figure it up.
He has given s174.5oo.o 900 to va
rious charitable. educational and sci
entific institutions, but this has not
made any impression on the vast
principal Of his wealth. being merely
gifts out Of the income.
Mr.. Rockefeller's personal wealth.
aside from his real estate. is estimAt-
ed by the city of New York. for tax
alton purposes at .$5.000.000. He pays
taxes on that amount.