PIERPONT MORGAN'S WEALTH.

Poverty Bay Herald, Volume XXX, Issue 9638, 13 January 1903, Page 3

PIERPONT MORGAN'S WEALTH.

I It Is difficult to convey an adequate j idea of a very rich man's wealth. There are no terms m which to express it but j figures, and. figures jrhicli express great I wealth are incomprehensible, except to ! l he very wealthy. j To say that Mr J. Pierpont Morgan is la millionaire or a multi-mullionaire, or I a billionaire is only a vague way of saying that he is an enormously rich man, and it is impossible to express his riches m terms of houses and servants, horses and carriages, steam yachts and. precious stones. The alien mine-owner's affluence may be. indicated by a. fur-lined coat, a large diamond ringj and a huge cigar. But- how t.» bring within the limits of the imagination Mr Morgan's limitless riches ? In all the round world there is only about four hundred million pounds sterl- ; ing of minted gold. The capital of the i trusts and companies which Mr Morgan controls aggregates, according to the latest American estimate. nearly £1,500,000,000— obic thousand five hundred million, pounds slerliaig. What proportion of that is value is another question, and what proportion of it belongs to J. P. Morgan is still another question. But for purposes of comparison, there is I lie fact. All the -hoarded gold of the ! world amounts to considerably less than ! the face value of the paper values of the Morgan interests. . ' In relation to stupendous wealth such ! as this, his palatial steam yacht Corsair ;is a mere watch-chain trinket. His pur- ' chose for £30,000 of the. stolen Gains- ' boroush "Duchess" is only as if an ordii navy mortal had picked up a shilling book iin Charing Cross road. There is no nosj sibility of realising, m more senses than ■ one. wealth that neairly quadruples all the I gold of all the world.