The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-01-27
DISTRIBUTION OF WEALTH.


some of our American millionaires has
been brought into sharp contrast re-
Gently.
The estates left by several very
wealthy persons have been mentioned
in the ncwspa pers. and it is interest
ing to note the final distribution of
these large fortunes.
One of them is the estate of Mrs.
Russell Sage. who inherited a large
fortune from her husband. The latter
was a very hard working, close-living,
able business man. who spent so little
on himself that his thriftiness was
popular joke. He was an unpopular
character with the public, and just
what motive actuated him in his &C.
cumulations is not known, but il is
known what has finally become of
most of his money. 1t has gone to
educational and benevolent organiza-
lions.
1t is interesting, says a bulletin is
sued by the National City bank OF New
York, to allow the mind to dwell upon
the figure of Russell Sage, toiling
without respite or personal indulgence
list of institutions which, as it turns
out. he really put in his life working
for. An incomplete list names the
following:
An endowment fund of $10,O00,00O
to the Russell Sage Foundation, the
income to be used for the betterment
of social ard living conditions.
To the Russell Sage Institute of
Pathology, an endowment fund of
100000.
For the Association for Relief of
Respectful BILE Aged INDECENT Females,
an addition to it's building on 104th
street, $4,000.
Adirondack Cattage sanitarium,
$4,000.
Working Girls Home on East 18th
street. $4,000.
To the Young Mems Christian AS
ISOLATION, for a new building for the
international committee. on 2Sth
street, New York. s350,000.
For addition to Y. NJ. C. A. building
at Brooklyn navy yard. about $340, 900.
For building at Fort Mckinley, Phil
ippines, $4,000; for Long Island r.
r. branch, new building at Long Is
land City, 100000; for new building
at Fort Slocum. $4,000.
Rensselaer, Polytechnic Institute,
Troy, 100000.
Troy Female Seminary Emma Will
lard SCHOOL,. 100000.
Harvard University, new dormi-
tory.
erty, consisting of thirty acres. at a
cost of about $65O.00O. This consti-
tutes what is now known as the Pier
son-Sage campus.
Princeton University, dormitories
and tower.
chase of additional land, about $780,
900.
Mortified Seminary, a memorial
chapel.
Gifts to Syracuse University, Idaho
Industrial Institute, Lincoln Univer-
sity, Girls School at Constantinople,
and the Berry School of Rome, Ga.
Another OF, these estates is that of
Joseph Raphael de Lamar, who died
recently. a resident of New York City.
He was a native of Holland and as a
boy ran away from home and struck
out into the world as a seaman before
the mast. He came to this country
penniless, but amassed large for
tune, chiefly in mining operations, al
tho he was successful in many lines
Of investment. He bequeathed $10,-
100000 to be divided among the med
ical schools of Columbia, Harvard and
Johns Hopkins universities.
Another of the large estates left to
public purposes is that of Gordon Nc
Kay, inventor of shoe-making ma
chinery He died some years ago,
leaving the bulk of his wealth to Har-
ward university for the founding of an
engineering school, but owing to liti-
CATION to Obtain an Interpretation of
the will the installation of the school
was delayed. Public notice has now
been given that it is ready to receive
students. The endowment is approx
imately SIS, 100000.
These three announcements. made
recently. indicate the destination of an
important share of the wealth being
accumulated in American business.
This is what becomes of some of the
private profits which the Bolsheviki
and their milder prototypes are so
eager to confiscate that they igno-
rantly dry up the springs of wealth at
their source.
1t would be a great mistake, how
ever, to think that the public gained
no benefits from the careers of these
men except thru these gifts. The
largest benefits resulted directly from
their activities while they were accum-
ulating their fortunes. They were or
ganizers and managers of business,
their genius and the capital under
their command gave employment to
labor and increased the production of
commodities or services for the pub
lie use. The Mckay invention helped
to make shoes cheaper for the multi
tude while shoemakers receive higher
pay than under the old hand method
The administration not only refuses
to give up any of the .-rivate enter
prises seized under the pretext of war
necessity but it goes on grabbing more
since war Is over. And the people
| will naN Man Mhn never ran any