FREE BOOKS

Author's List




PREV.   NEXT  
|<   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207  
208   209   210   211   212   213   214   215   216   >>  
y in installments. Thus, an entry, on January 26, 1807, in the municipal records, reads: "On receiving the report of the Street Commissioner, Ordered that warrants issue to Messrs. Anderson and Allen for the three installments due to them from Mr. Goelet for the Whitehall and Exchange Piers."--MSS. Minutes of the [New York City] Common Council, 1807, xvi:286. [163] "Prominent Families of New York":231. Another notable example of this glorifying was Nicholas Biddle, long president of the United States Bank. Yet the court records show that, after a career of bribery, he stole $400,000 of that bank's funds. [164] At this very time his wealth, judged by the standard of the times, was prodigious. "His wealth is vast--not less than five or six millions," wrote Barrett in 1862--"The Old Merchants of New York City," 1:349. [165] "The Railways, the Trusts and the People":104. [166] See Part III, "Great Fortunes From Railroads." [167] "Kings of Fortune":172. [168] Census of 1900. [169] Eighth Annual Report, Illinois Labor Bureau:104-253. [170] In those parts of this work relating to great fortunes from railroads and from industries, this phase of commercial life is specifically dealt with. The enormities brazenly committed during the Spanish-American War of 1898 are sufficiently remembered. Napoleon had the same experience with French contractors, and the testimony of all wars is to the same effect. [171] So valuable was a partnership in this firm that a writer says that Field paid Leiter "an unknown number of millions" when he bought out Leiter's interest. CHAPTER IX THE FIELD FORTUNE IN EXTENSO In close similarity to the start of the Astors and many other founders of great land fortunes, commerce was the original means by which Marshall Field obtained the money which he invested in land. Consecutively came a ramification of other revenue-producing properties. Once in motion, the process worked in the same admixed, interconnected way as it did in the amassing of contemporary large fortunes. It may be literally compared to hundreds of golden streams flowing from as many sources to one central point. From land, business, railroads, street railways, public utility and industrial corporations--from these and many other channels, prodigious profits kept, and still keep, pouring in ceaselessly. In turn, these formed ever newer and widening distributing radii of investments. The process, by its own r
PREV.   NEXT  
|<   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207  
208   209   210   211   212   213   214   215   216   >>  



Top keywords:
fortunes
 

railroads

 
Leiter
 

process

 
millions
 

installments

 

wealth

 
prodigious
 

records

 

enormities


committed
 

American

 

EXTENSO

 

Spanish

 

FORTUNE

 
similarity
 

brazenly

 
Napoleon
 
remembered
 

Astors


founders

 

writer

 

testimony

 

partnership

 

valuable

 

effect

 

unknown

 

interest

 

experience

 

CHAPTER


bought
 

French

 

sufficiently

 
number
 

contractors

 

revenue

 

industrial

 

utility

 
corporations
 
channels

profits

 

public

 
railways
 

sources

 

central

 

street

 

business

 

distributing

 

investments

 

widening