Palisadian., 1923-06-22


his place at the head of the list.
In the case of John D. Rockefeller,
complete estimate of his wealth
would have to take notice of the $780,
100000 he gave to charity and to
foundations up to 1921. 1t has been
was Millionaire. He is the head,
however, of the biggest group of men
Of great wealth ever produced by
single industry.
The duke of Westminster's wealth
is in land. In 1899 his predecessor
10000, and the family realty holdings
were then estimated at S15O,OO0,OOO
Sir Basil Zaharoff is Europe's man
of mystery, but the basis of his money
Is solid enough-it's Vickers, the gun
firm. The war made him. Herbert,
man in Europe and the name stuck.
Zaharoff enjoys mystifying the lay
world. He is an exploiter of the
projects begun by others.
SHINES Is of another type. Any
estimate of Shines wealth is guess
work. in view of European conditions,
but his industrial Importance indi-
Gates at least the relative rank given
him in the money hierarchy.
Of the others on the list of leaders,
Mitsui's place may be disputed by
Iwasakf. The Mitsuis are pushing;
the Iwasakis conservative. Both
groups have financial, trading and
shipping interests.
The other Oriental, the Gaekwar of
Baroda, may or may not be entitled
to place. His income has been yarl-
ously estimated at s5,0OO,OOO $12,-
100000 and $5O.OOO,OOO year.
Ford's Unique Supremacy.
Continue down the first list to the
Americans and one finds that Ford
stands virtually alone as having pro-
duced his wealth by manufacture,
without having used his profits for
financial purposes.
]. B. Duke started his career early
in his native North Carolina, with his
AoAhAy . al lli Oll
that he became leading factor In
the American Tobacco company and
the Continental, Consolidated, British
American and Imperial Tobacco COM
panies. He has many banking inter
ests and still broader ventures in
power.
George F. Baker Of the First Ma
tional bank, New York, has been long
identified with railroads, steel, insur-
ance, gas and lesser interests.
T. B. Walker Of Minneapolis is
among the men who cannot estimate
their wealth within a wide margin of
probability. To gauge it he would
need not only a corps Of statisticians
but regiment of timber cruisers.
His lumber holdings in the Northwest
and on the Pacific coast are immense.
The public hears little Of him, com
paratively; he started as teacher
and surveyor, and he has been a
power In Minnesota for a third of a
century
In the opinion Of some Thomas f.
Ryan belongs in the $10O0OO,O COG
class. When he retired in 1908 he
had acknowledged control of 80 cor
porations.
There is the other Ryan, John D. of
Anaconda, who recently paid the Gug-
genheims $80,OOO,OOO for holdings in
Chile. He Is newcomer, more or
less. AS for the Guggenheims, 1t Is
diffinlJ1t fn
their individual wealth.
Midases Of Timber.
The Weyerhaeusers are hardly less
difficult. Here again the wealth Is
timber land, as in Walkers case.
Frederick Weyerhaeuser, who died in
1914 owned hundred billion feet, 1t
is said. The value was estimated as
high as billion dollars A third Of
that would not be improbable 1t
went to several heirs, including F. E.,
John and Rudolph Weyerhaeuser.
In the list Of family groups as well
as that of individuals there are omis-
sions which will surprise the average
man. Perhaps some Of these are un-
just, but the lists represent, If not
consensus, at least comparative ver-
dict.
The present J. P. Morgan is not put
in the $1O0,OOOOO0 class, but at the
top Of the next lower division. His
fathers fortune was not handed down
to him intact. Morgan, Jr., is said to
be worth from $5O,OO0OOO to 75,OO0,-
0O0-his personal fortune.
In the $5O0OO,OOO list appears E. H.
r. Green. who is said to have In
creased Hetty Green's fortune. Sec
retary Mellon comes here also; he is
spoken of as head of a group, with
oil, bank and steel interests, including
his brothers, James and Richard, and
James son, William L. Secretary
Mellon originally was associated with
H. c. Frick.
Fl. e. Huntington is also placed in
this class for the most part, though
some estimate his wealth at more.
Thomas F. Ryan, nominated by some
authorities for the S1OO,OOO,OOO cate
CORY, comes under the lesser head in
the estimates Of men in close touch
with actual conditions. and John D.
Ryan is compared to him.
In the $4,000, 900 Group.
Harry Sinclair, who has come to
the fore lately through oil, is credited
with $50,000,0OO. Vincent Astor and
Otto Kahn are others, regarding Astor