MONEY MAKES MONEY.

North Otago Times, Volume XXXVII, Issue 8168, 24 April 1895, Page 4

MONEY MAKES MONEY.

Ib dees not often happen here (writes bhe Argua' New York correspondent) tbab the estate of a deceased multi* millionaire is accurately measured in tde public printp. There can no louger bo any question, however, as to the value of the late Jay Goulds accumulations, for under a new Ih\v relating to inheritance taxes it becitnn necessary to procure a careful appraisal, and that appraisal — including the valuation of all of Mr Goulds real estito aud every share nnd bond which ho ownnd — had been given to the Press. Tho li bis a lon;{ one, and the gross market vtiluo of the entire property at) the time of the railway speculator's death is fixed at 50,93'1/)80dol. in shaiea of tho company which controls nearly all of the telegraph businoßß in the country, and 12,000,000d01. in shares of the New York flevat^d railways. The annual income at current rates of interesb and dividend payments is about 4,000,000d01. Ib appears that during the last twelve years of his life Mr Gould allowed bis son George an annual salary of 500,000d01., and that daring the latter half of this period pracbically the entire business of the estate was transcatcd by bis son, wbo is now the bead of bhe family.