Show FUTURE KINGS OF FINANCE Some Young Men Who Will Inherit In-herit Vast Wealth TRAITS AND PECULIARITIES FORTUNES ARE MOST rXCERTAEf THINGS Mrs Burton Harrisons Boy in Rica Company Yonnsr Whitney Rockefeller Rock-efeller and Vanderbilt Written for The Herald Who will be the great financial men of the country twenty or thirty years from now Its a hard question to answer as fortunes are uncertain things and the men who handle them are still more uncertain But it is quite sure that some of the sons of the very rich men of today will be the financial kings of the future fu-ture and that their moneyed powers will be double what they are today In fact if the present policy of certain cer-tain families that of leaving the bulk of the money to the eldest son or the one best fitted by business aptitude to manage it were to be continued from generation to generation there is no saying what the limit of individual wealth might be The thousandtime millionaire would surely be a reality < Looking ahead it becomes a matter of interest to study the young men who will wield this great power which their fathers and grandfathers are fashioning for them It is too early to say anything on this subject about the Astor wealth John Jacob Is only a young man not out of the twenties yet and his son is but a baby of three Mr Astor will unquestionably follow m cne rootsteps or nis ancestors ouy ing real estate with corner lots and property just on the edge of a growing grow-ing city the favorite investment John Jacob has 60000000 which under his careful guidance will probably reach the one hundred million mark before his lifes work is done His cousin William Waldorf Astor has a boy of ten years too young to predict about Mr Astor is a young man too and his 12000000 may extend ex-tend to 200000000 before his son assumes as-sumes the management of the great estate Cornelius Vanderbilt Jr Brut there are a number of young men who will in the natural course of affairs inherit vast wealth Prominent among these is Cornelius Vanderbilt 1jk1A CORXELIUS VANDERBILT JR I eldest son of the present head of the famous family Young Vanderbilt I graduates at Yale this year and immediately im-mediately after begins his business I training in the offices of the New York Central road in the Grand Central depot Young Vanderbilt is twentyone years of age and is a modest quiet young man shy with strangers but a pleasant companion with intimates No one would suspect from his manner man-ner or mode of living at college that he is destined to be one of the richest men in the world It is this very fact which has made him popular among his college mates He is nothing of a snob and carefully avoids anything bordering upon affectation He is a plain manly young fellow with sound ideas and little nonsense He has never figured in any of the riotous doings of the college boys and takes active Interest in sports but is always ready with his pocketbook to further any legitimate scheme of the college His rooms In Durfee hall are not furnished with particular grandeur grand-eur and his personal expenses are about the same as those of his roommate room-mate Francis Burton Harrison son of Mrs Burton Harrison the well known writer Harrison is heir to next to nothing and it would be a difficult matter for a stranger to de gide which was the richer of the roommates room-mates Indeed young Harrison would probably be chosen as he is a strikingly strik-ingly handsome young man with a fondness for fine clothing and an I ambition to shine at the head of his i classWhen i r When young Vanderbilt leaves college col-lege he will gofora six months trip abroad and win then take up the I serious business of life His father has always regarded his enormous i wealth in the light of a sacred responsibility i re-sponsibility and it will be his endeavor 11 en-deavor to teach the young man the same feeling for it The son will have Ito I-to go through the same course of railroad rail-road education tS his father beginning begin-ning at an humble clerical position I and working himself up as rapidly asj I he displays the capacity for Increased I responsibilities ExSecretary Whitneys Son Another young man who will inherit great wealth is Harry Payne Whitney I A2 ft t Yo q HARRY PAYNE THlllEY son of William C Whitney exsecre tary of the navy Young Whitney graduated at Yale last year and seems to be out for a busy life similar to that of this father He is a fond lover of outdoor sports and has already made an enviable record at polo playing Young Whitney will probably inherit something in the neighborhood of 10 000000 and he foas just come into a fortune of 200000invested in western real estate Harry Whitney promises to be something some-thing of a leader in the swell set At Yale he was chosen to lead the class germans and was on the Promenade committee a unique distinction in the social life at that college He is possessed pos-sessed of brilliant talents of a skyrocket sky-rocket character but tempered with sound judgment He was never a strict student in his college days as his love of outdoor life interfered with continued application to his books Young Whitney has not settled down to any business occupation as yet but it is the intention of his father to thoroughly equip him with a knowledge knowl-edge of the management of surface roads in which many of the Whitney millions are invested Great Responsibilities Ahead John D Rockefeller jr the 21year old son of the Standard Oil king will have a greater responsibility to deal I k Ll ji 4 1 3 JOHN D ROCKEFELLER JR with some day than any of the oiiier rich young men He is being fitted so that he can step into his fathers business at any time a position which means the management of one of the wealthiest corporations in the world Eight or nine hours a day are spent by the young man in the Standard Oil building He works harder than the average av-erage 15 a week clerk and has already displayed rare business tact He is conservative by nature and is opposed op-posed to any kind of speculation two traits which his father has been careful care-ful to cultivate It is continually pointed out to him that in speculation he has everything to lose anJ little to gain and that his particular aim must be to preserve the existing wealth of the family rather than to try and increase it in ways other than the accumulation of income Young Rockefeller Rock-efeller lsconsTder bly interested in religious re-ligious matters and the philanthropic schemes of his father and he is like him in one other respectin his fondness fond-ness for fast driving horses In appearance ap-pearance he is an ordinarylooking young man plainly dressed and wearing wear-ing no jewelry He attends to much of his fathers business and now the elder Rockefeller only goes down town three days in the week Youngest of the Gould Brothers Frank Gould is the youngest of the four Gould brothers The others George Edwin and Howard have already al-ready taken their places in the business busi-ness world Frank is in his 19th year and the day that he reaches his majority major-ity he will be placed in the directory of some of the Gould holdings like the Manhattan L system the Western West-ern Union or the Missouri Pacific He is short and slender in build with the dark hair and eyes and sallow sal-low complexion peculiar to the Goulds His business training has already commenced The Goulds do not believe in collegiate education and regard actual experience as the most practical method of instructing I the young mea in the management of I millions This was Jay Goulds idea I and he started his son George in I business life at the age of sixteen I George is only thirty now and for the past eight years has been a figure I In the world oJ finance Frank promises prom-ises to be more of a society man than I a great railroad manager He likes fine clothes and the pleasure of spending money Like all the Goulds I he is sharp and clever and with a natural leaning toward moneymaking moneymak-ing Elliot F Shepard son of the late Colonel Shepard will come in for twenty millions or more some day I He does not care overmuch for business busi-ness affairs but fancies the pleasures I of society life His mothers money which he will one day inherit is securely I se-curely invested in the Vanderbilt properties and does not require much management beyond the reinvestment of the surplus income There are dozens of other young men in the metropolis who will sooner or later have to assume the responsibility responsibil-ity of great wealth but those named are the principal ones and the ones c who promise to be the great financiers f of a generation hence |