WEALTH IN AMERICA.

New Zealand Times, Volume LII, Issue 9318, 12 June 1891, Page 4

WEALTH IN AMERICA.

In that land of stupendous enterprise and enormous fortunes, America, a million of money is considered a not unusual competence. What io the States would bo considered great wealth, would hero or on the Continent be looked upon as bordering on the fabulous. There are a thousand individuals in the United States worth more than 1.000.000d015, whilst a good halfdozen can boast of being the owners of IOO.OOO.OOOdoJa (£20,000,000) or more. Statistics, of course, are imperfect, but from reliable sources it is computed that John D Rockefeller, the President of tho Standard Oil Company, has an annual income of £3,000,000, or £BOOO per day. By compounding this income at G per cent semiannually, it will be seen that at the end of 25 years Mr Rockefeller’s fortune would amount to the enormous total of £160,000,000. Wm. Waldorf Astor’a income, which is considered even larger, would at the end of a quarter of a century amount to £175,000,000. Compared with these two gentlemen Jay Gould must feel poor, if not indigent, for ho gets but £1,000,001) a year, so that in 25 years’ time ho would be worth only £55,000,000. Still, Mr Gould ** turns over ” his money bo often in epecul&tiona that no oao can say how much ho la really worth.