Show P it ON nil 0 RIE S alp VI A V 0 A V NI 11 orv I 1 aw Is 7 L nev y A it k N eirls 4 T va 01 1 r years big and record ca 13 yield of wheat corn and oth er staples has been heralded NL far and wide bat there a another harvest that anns been growing and ripening all RA deed by government ad by everybody else and that is the bumper crop of new millionaires and multi millionaires never before were there so many in new york as there are today to day millionaires were made in h a night by the great wave of connoll dation and the merging of hundreds of industrial enterprises that was the feature of tho the opening years of the twentieth century just after the close of the spanish american Amerl ran war there were steel kings steamship kings pump kings kinga kings kofl 0 car springs and of air brakes and of 0 all sorts ot things hinge they blossomed forth between the sunset of one day and the dawn of the next the select circle ot of plu widened so swiftly that it broke all barriers bar lers and created a new aristocracy of wealth in america new york was invaded by a horde of wea westerners bhoge manners in some cases oho shocked aked even the imperturbable servitors 0 erv igors at the expensive hotels where they monopolized the royal suites pittsburg Pitts burc from being simply a great mill town a city of grimy workmen jumped into world wide prominence because it was as discovered suddenly cud denly that it bad had more millionaires to the square inch than any other spot on earth in new york all sorts sort of people achieved fortunes or actual almost before they were aware jockeys waiters waltero bartenders and other humble folk glanced with amaze at the balances balanc eq with their brokers and began making plans pi ins for yachts and country houses fhe me history of this period was one of the wonders of america then two years ago the panic came and put a dampener on the J CW M financial hopes and aspirations of those who bad had survived the arloua ills that followed in the chevako shewa vakO ke of industrial over expansion but kinle the clouds have cleared away there has come another and even more bonde wonderful erful appreciation in values value S the moat most remarkable advance in the prices of all commodities and securities that this country has ever known probably more millionaires have been made in the last 12 months by the steadily rising tide of tremendous prosperity than history ever has recorded in a similar period of time tho the number of those who h have aye grown rica quick Is greater probably thin than it was in the time of mer ger and consolidation nearly a decade ago be fore the panic of 1907 thera were perhaps millionaires in new york now there are anywhere between 5 and the advances in the value of securities in the last two years have be been en almost incredible there probably are moe mode than pe reans who are stockholders ot or united states steel in october 1907 common was in february 1909 it was 41 this october it has been well above 90 the hares shares of the pennsylvania railroad are more moria widely distributed than any other transportation line more than CO people being listed onita on its book books of shareholders two years ago it eras was lately it has been above union pa aide ie Is next to pennsylvania in the length of its stockholders list it is not only one of the most popular investment securities but also one that is speculated in most largely union pacific common was in 1907 thir year it has been above an increase of more than per cent new york central southern pacific lc baltimore ohio atlantic coast line illinois centra great greal nor them thern standard Oil practically all the stocks in the long list of railways and industrials have ad danced from ed to 10 or more per cent in value since october 1907 thousands of people who are aye not speculators and ad who are intolerant of speculation have profit ed enormously by this wonderful rite 1 in prices they are the ones who bought for investment when he the prices were low and who are now reaping the harvest during the pinic enormous blocks of giltedge gil tedge shares were thrown on the marle markt marlet t t when great speculators like heinze and morse und sonae others who were not so spectacular or daring bad had to sacrifice anything and everything ery thing tor for ready money moner their holdings now are scattered throughout the country and hive blye been tucked away in tens of thousand thousands of rates and strong boxes while some of the new come from the ranks of those who were bargain hunters in the day days of panic most of the now pluto plutocrat craU are 1 k 1 rora roin the army of speculators there are so to many of these nev new millionaires hat but it anicia hot h impossible to lit lut bem all andl with any degree of accuracy kompara lively few of the old baud of millionaires havo have failed to add materially to their fortunes since the panic there are some it Is true who were more br or less disabled in those dayland day sand the period that pred eced them who have not succeeded suc ceded in win ning back their lost money and ind pr elge fige rome who were in the ill fated trust compan companio bov other others of the insurance crowd and so on hut but those who held on and were A ere able to weather the storms forms have been lifted up tip and now new are richer than ever not only that but a large number of new groups of great financial strength has been developed there Is the hawley group for instance which has made millions anil and millions la in the rise in val uca of railway shares edwin hawley the head of this coterie was as not a bf bir wall street figure figura until within the last year or so 0 o but of late he has added immeasurably to his wealth and to big his power as a transportation king among those rf bis his friends aho ho have climbed into the chariot of the plutocrats la is frank A van derlie the president of the national city bank he lie ie to reputed to have made more than a million out of chesapeake ohio and anti union I 1 acetic when be he wae was assistant secretary of the trea treasury a u iry a lew tow years ago Varder lip was a man of very e rr moderate ad aud lived in a modest little hat flat in washington alter after he came to new york his wealth increased somewhat but only since the first of this year haa has he entered the millionaire class another of the hawley group who is one of the new crop of multi millionaires Is to a banker named scott who piled up a small fortune dollar by dol dot lar in richmond nich mond va and who haa has increased it many fold told of late in wall street still another of the same group Is robert fleming he lie was not a poor man hen the rise in stocks began bill lint be he is eald said to be a very rich one now then there is a new now crop of union pacific millionaires southern pacific millionaires gavash rock island and many other groups of new now millionaires who have become wealthy by the tremendous upturn of the chares shares they were interested in some of these men were millionaires before the beginning of this year these have cow now moved up to the multi millionaire lass class there are quite as many who have won tor for tune tunes in the field of industrial stocks especially in united unito states steel common ono one of these more than a millionaire when he began buying boel Is ts frank A AL munsey the publisher he ile Is said to have started his steel purchases two years ago when the stoc stock kwas was around 22 and to have accumulated a total of shares at very low prices his ills winnings are estimated at more than these instances taken at random give an andl cation of the thousands of fortunes that have sprung up lately through the up UVO ward sweep bt prices to in waa W street treat corporations like tha the fire tire and the life insurance ranco corn COM palies havo have also profited 1111 i ta bously these tremendous resor 1 4 ot of money on oun hugo huge block blocks of 0 shares in of liway and la in du companies too Q ot of from chares shares to almost ft OL control ling int interest ergat the most 0 of these w are bobel sobet allt edged dividend pay ing blocks stocks that have nofa been spectacular f IL li thel advance la in price as it 4 compared with some of those that have gone up like ilk e sky rockets yet even eyen these high priced shares have been enhanced in value fron from fro n 20 to CO 50 per cent in the last 12 months they were bought at panic prices eo so the published records ot of these those companies ebow show and these institutions now are said to be boiling selling them off cautiously and carefully at the aiice fancy figures that have been t prevailing of late unlike the in investor they believe in caching cashing in their winnings and salting alt f them down until there la Is an other chance to buy bur cheap in the commodities there are new groups of and doltl r alti ulti millionaires also gome some ot of these r have hays won their wealth in wheat others in corn but most of them in cotton there are more new cotton kings and princes today than ever before practically all ot of these those are Fouth southerners erners who have bad had an expert knowledge of this staple moat most ot of them have been cotton Vian cantera themselves on a large scale and all their live lives they lave have been studying cotton ita its growth wa ata ite its ever widening markets almost every day there have been rumors flying about aa as to what patten was doing in cotton hut IF enough there has been never a word said about the real bull leader in the cotton mar ket the man nian who has been the biggest peculator in th this is staple and who recently hue bus jumped into the multi multimillionaire millionaire millio nair e class eugene 0 scales of dallas tex scalea scales la Is the most towering bull probably that the cotton ever has known patten la to a piker beside him even the celebrated mr sully in his palm pal lest days never operated on cuch such a huge basis as scale has been in the laet lart eight months this new now and mighty multi millionaire tc ir the critton market has steadfastly kept himself in tho th background he lie Is no amateur speculator however for five cars ears ago he was in ln one of 0 the sully campaign campaigns and retired from the fight with several large deats dent in 1113 financial armor but now he baa has won back all his bla losses and a lot more borne some among the nany others wha know cotton and have won big fortunes through its rise in price are fergus read of norfolk va morria morris 11 rothschild of woodville mias bliss william P drown brown of new now orleans and louis S berg vt lit mississippi berg had charge of the chalmette almetto Ch terminals at edw law orlenn orleans not long ago and was a hard working rall orad man A little later he pieced agether og ether 1 lot of small mississippi railroads and them into an effective and profitable system then with a modest fortune he came to new york and tho tue has been making money out of cotton and so tho the list runs on hardly a nawa among the of new millionaires Is familiar to ne yorkers they are practically unknown out we of tho the small communities they came from la in tin w w and south they live in the costliest suites in the most ms expensive new york hotels next i summer if they have no setback they will begin leasing or buying loaces palaces at newport bar il r bor or other places where the tits socially elect ara are supposed to live then they will begin trying to break through the imaginary inclosure with which society surrounds itself there are so 0 o many ot of these new millionaires that perhaps like the incursion of a new race they will overwhelm and smil cosi quer the relatively small group of people who bave been beon priding themselves on hoing ho ing thele abe wealth for a decade or more at any rate the names of mol most of these mew millionaires probably will be readier the first time in print in the next years book books of social registry which form the nearest approach to the directory of the peerage that the plutocracy of america knows known |