The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1918-03-10

operators made use OF thIs condition
to secure huge and frequent loans,
and Sage, because he alone could
furnish the desired sums. asked for
and received a high rate OF interest
During the life of her husband, Mrs.
Sage gave millions in benefactions,
mostly educational. After the death OF
ner husband, her philanthropies in
:reased. A year after the death OF
/ sage. the widow organized the Sage
Foundation "for the Improvement -
social and. living conditions in the
United States" and set apart $4,000.
900 for its endowment.
Mrs. Lawrence Lewis. until she mar
ried few years ago, was Miss Louise
Wise, devoted companion and niece
OF the late Mrs. Robert Fiagler Bing-
ham, whose fortune was made in
Standard OIL and in railroad building
In Florida
Immense Incomes.
The income OF Americas three rich.
est women are estimated as follows:
Mrs. Hartman, 81 OOO. 900: Mrs. Sage,
100000 and Mrs. Lewis 100000
Forbes points OUT that after inter
Views with leading bankers OF the
country, he finds that the combined
fortunes OF the thirty richest Amerl-
cans total $3.50. 100000.
The average Individual fortune IS
1922. 500, 666. Not one OF the thirty
has less than 100000.
The total income OF the thirty IS
cured at 100000 900. of which John
d. Rockefeler's share is computed at
S60.oO0,000, or almost half as much
as the other twenty-nine put to-
Ecther.
The average income Of these multi
milllonAires Is $O.133. 1913. The smallest
income is estimated at $4,000, 900.
The aggregate amount OF money
In circulation in the United States is
less than $4,000, 900 OO"." SAYS Forbes.
III the thirty could turn their wealth
into cash, they could absorb more than
two-thirds OF ali the money In the
country.
This is q sensational and some
what misleading way OF expressing
It The total wealth OF the United
States is now reCkoned at almost
$3.50, 900 600 900. so that the thirty
richest control less than one
seventeen OF IL. The thirty, how
sVsr, exercise more than one-seven-
tIeth of the financial power in the
United States, although far from
being able TO carry out arbitrarily
many of ;he things alleged by dem
AEogues and believed by many OF
the public"
zoe MIIIIOnRIres.
Seventy years ago New York
boasted Of nineteen millIonaIres. Last
year zoo Americans paid taxes on
incomes Of more than 100000 each.
Seventy years ago John Jacob
Aston alone had an income OF q mil
lion . year. He was reputsd to be
wortL $25.000.000 mostly In real es-
tAt0. Stephen whitney was said to
be worth $lO.oOO.OOO which he made
II liquor. cotton and real estate.
q. Aston was rated at 1000
900. Peter o. Stuyvesant $4,000. 900
and James Lenox. OF library fame,
So, OOO, 900.
Ten persons iE the United States
last year admitted an income Of more
than $5.0OO.0OO a year. Forbes picks |
them as follows: John d. Rookie. |
Teller. II. c. Frlck, Henry Ford |
Charles NJ SchwHb. Andrew Carnegie. |
George +. Baker. william Rockefeller.
Edward S. Hardness, J. Ogden Ar
mour and Pierre 8. du Pont.
Rockefellsr's fortune passed the
mark three or four
years ago. At the time Standard OIL /
securities more than doubled the |
price ruling before the dissolution OF |
the oil trust He is now rated at |
81 200, OO0,0 900. HIS income is esti- I
mated to work out at S2,T39, 726.O2 |
a day. S114.115.25 an hour S1,9o2.5O |
q minute and S31.70 q second.
His total wealth. II converted into
fash would equal about ~aS-sAAGth