Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-02-21
OUR RAIL WAY
HOW THEY MADE FORTUNES

I distorted nr films. the experiences
OF Mr.. Hartman and Mr.. Hili. coup
led With siatietics which show the in
c~rcases Ia wealth OF all kinds that
have taken place In the regions which
the railroads have penetrated or
opened up. would furnish a most inn
portrait object lesson for the Ameri-
can people and would prove TO be
valuable testimony II Il were brousht
out Nv an investigating committee
such as H. now contemplated by the
house OF representatives
Many of our leadine business men
are confident that the day OF great
fortune making through the creation
or development by individuals Of
railway properties has passed. They
say that a good understanding Of the
principles Of political economy would
show that II is inevitable that a few
individuals who possess ability OF a
high order. rare courage. daring to
venture much. should pe% rsonally az
first rcap large rewards though the
development Of opportunities OF the
natural resources OF a country like
the United States.
Commodore Vanderbilt created a
fortune OF a hundred millions chiefly
through his daring. al the age Of 81
years. TO take Mp railway develop
ment He had. when he gave up
steamhoatine 10 enter the field 81
railway development. a fortune OF
twenty millions. He accumulated
about eighty millions In his career
as n railway man. which was only p
little longer than the lreer OF T.. A..
Hartman as the new creator and do
vcloper Of the Union Paoiii' railway
properties
Roswell = Flower. who AZ one
time was governor of New York. md
who was a near relative o. one oi
Commodore N~cYderbilt's most irti-
mate friends, said, In 1899, 10 the
writer that the development, II the
system of the New York Central
railroad and the extension OF that sys-
TEN through alliance with the Lake
! Shore and with the Michigan Cen
: trial had increased the wealth of the
state of New York and Of the states
through which the New York Central
passed ly more than two thousand
million dollars
Looking back over the past forty
years as some OF our business mon
have recently done, in view If The
death of Edwin Hawlcy, they haze
been impressed by the fact that SC
many of the creators or developers
of important pi!NV systems M tho
United States Who achieved larre for
tunes by reason Of this work shcl.i
have left estates which in money
value Wer' "a very lar apat.
Commod5 % Vanderbilt $ rome
of "a hundred millions which repre-
scented his %gaininas rs q railway
creator and developer and twenty
millions which represented his rlile
as steam boa, anil steamship owner
and manager
Jay Could fortune g. understood
10 have ba-l somewhere latDceu
scyentv-fivc ami eighty millions. by
Keeping this estate mt,c; rs far as
possible. q is presumed 70 have .r-
creased now o. amor. 4 hundred .nl-
lions. Mr.. Could. however. did not,
make probably more than a moiety
Of his fortune hy his association with
railroads and c~ertainly ycry littlo of
his fortune by any creative work
which he did as n railway manaccr.
Mr. Harriman's fortune Of eighty
four millions. accumulated within
about twelve wears. fairly we'll
matches the estimate of Mr.. HIS
fortune. Which was made five Years
before MIR. 'Iatrim ans death.
The late John l. Blair Of New Ter.
sey left a fortune OF about ninety mil
lions. much Of which had been az
cumulated Icy his connection with
railway Development in the far vest
Could c. y. Huntington have lived
fifteen years longer. SO that he corli
have had time 10 work out his colo
sal schemes for q trauscoutino1ta'
railway, his fortune very likely would
have been twice as great as me i1-
ycnt0ry Of his estate shows Il 10 be
about thirty millions.
There does not seem at prescn- q,
be any vista Of railway development
or railway creative work which. from
this time on, would make Il possible
for on individual 10 accumulate a FOR
tune as great as that Of Mr. hin or
that which Nr. Hartman gained
The great fortunes uf the future.
our business men think. WIN be oh
tanned through the development az
natural resources Ct the country. pos
y'hly through a new and worry groa,
utilization of elettricit. for CONNER
rial purposes
economic dependent She has laid
the foundation for becoming an In