CALIFORNIAN MILLIONAIRES.

Manawatu Times, Volume III, Issue 24, 9 January 1878, Page 3

CALIFORNIAN MILLIONAIRES.

The " San Francisco Bulletin " cites, from? a Q-erraan newspaper an article on the wealth of the richest men, m which it was stated that the annual income of Senator Jones, oi Nevada, from his silver mines, was estimated three years ago at 5,000,"0tJ0.d015., which would be the interest at 5 percent, on a capital of 100,000,000 dols. 5 aiid .that J. W. Mackey, once a penniless boyin Ireland, draws from his silyer mines.in Nevada an> annual income of 13,750,000 dols., or the interest of 275, 000,000 dols. The "Bulletin" reduces the estimatv greatly, and says: — "John P. Jones some years ago, while a large owner m Crown Point and other productive mines, -might have been worth some millions. . But he some time ago ceased to be a very rich ;man, and we presume to-day he does not con-, sider himself to have more than a moderate fortune. No doubt the richest mining firm m the world is that of Flood & O'Brien,. .Mackay r & Fair. Their interest ,, m two bonanza mines at the present de-L pressed prices cannot be less than 23,000,000' dols. They own the Bant of Nevada, with a paid-up capital of 10,000,000 jiols., and? a reserve fund of 2,000,000 dols*: 1 They aro- X reputed to own 20,000,000 dols. m the-' United States Bonds. Their real estateandj other property m sight^cannot be .jfrofth less than 3,000,000 dols^ /Besides these mV r . vestments they own ai&ritroiling inteirest m several other minesj^inie^of -which, like theBest & Belcher,- juflg.f believed to bft'ontheline of rich deposits, --and; may/at somefuture day be clas^edin thesstof " bonanza mines." Add dpjiese iteini^together,- and w.e- .; have a total o*^6o,ooojpd6 dofe.* ? wl?ic_ 'is i'ba . under-estima*£ei-.Qf - h their wealth*; ;but ' how*much so we^gannqt say. ; ; TBe'annml.incomeon thisjjrtfpefty is not-less than 2pyPop,ooo» dols. oannofcjbe defined^^lit it would nptj-suj^S^us^ifjaatis!--facjljOTyproof wgre; offe^ecPthat) the, entir?as^3bs of these 'fou^'men^jvpiUdAfoqt up» 100;000 r opjl^ollar^ estimaWthe' wealth a of LtfteJ Tour principal owgerstpf .tlie^GentraTv^aeiffc Ilailroad and; the othefe^pnnectihg roads of California- • - Croker, and Hookins. TJiese 1 menrMe^Jhe largest' owners of railroads i^?pp^rt^nvtlre: worlds Most of pro--1 '•pertyds.encumbered: by the issue of mort— bonds. • Biilr/we suppose that these•four men have- a> clear margin of rising; •SbjOOOjOOO-dolu. ; LBesides railroad property they own a great? deal of land, tomst sitesj.. and so on. It is a low. estimate to- say that"--they are worth 12{5OO;O0O dote.' a-, piecesProspectively, they arc worth vastly »we_ ; It map,. indeed, turn out, with their nearly 3000 miles of railroad and their larg» amount of real estate, that six or sererr yearshence they may be, if not now, the richest men m California or m the United States. .. For the present, however-, we adhere to* • our estimates* andi set dbwm tW men who* axe- the principal owners of tlie- Bank of" I Nevada and the great bonanza mines as therichest men in* thisSta+e-, a«2 set dbwn thefour men- who-are-theprmcipallo\TOiers<>f tlie-Gfentral'Pacific-Railroadiand^ connecting roa ds* as ranking next n> ordfer, with the-qualifi-cation^ that we db» n©t hold ourselves res-ponsiblfi-foi* these- calculations. They haveat least the- merit of shrewd gjiesses, with. '• considerable dfefca tcfoEtify the-opkiton." Af ter-gpring a- further- list of fcwo other- ' citizens of California, or firms; having: I foi*unes;«iceeding 4,000,000 dols., the-" Bui--Ifetinj" says-ir— " We have not exhausted' t4te» lists by a. long-, way- of. men. worth several! millions .eaoh. The- number- of men who* are miliionaires^itt< tlii» State- was-. neveE so> great a*, now. None of tiiera- were- riclii twenty yeaj-aagp}. andJvery fe«\h'adfortune»--. evem tent years ago^ Quite a-- ttttai&a-i-ofir • those- who' fratri large- foptunesi fl*e<- or - site years ago* <_> not new.- ftgiute- m tlie.list of - miliionaries.. The ups-andSdSwns^f miningc.- --> interests- hay*- madie the principalXc^et.r- --; ence: \Ke liwve purpose]^; omifet^i froiit ,.'■« ; this article -the -long list of men •worfchifrbi^* 1,000,000 dbllSiu to* 3jOO^O0Os»A LMiere „«!: = not another- coiwitry uricferrtfe-san-wherW-'so many injen have- mud& forge fortunes inja time without capital if or-a- start-.. " There is. not anotlieiv-youßgja_.y>in,th'tt«K)rldi' which.- contains- so. larg§- ; aAgopulation» oi.-. I wealthy men^ A .•IL-L •' LA