Show A it billionaire party forty years yearn hence unless aulca some groat great change takes place in our financial or social system tho the billion billionaire Alre Is certainly coming and at a rapid pace true a vast fortune does not multiply by more interest it 1 kept at home quite so rapidly as ono one of more nio moderate derato size on account of tho the difficulty of re investing esting sach enormous incomes at full rates of interest but it ib Is also true that la in other respects large larga fortunes tend to increase much moro more r rapidly than very small ones opportunities tuni tunit ties les for largo larga profits on OD special transactions are presented to million sires tar more often than to others they aro are more likely to gain by the unearned increment they can afford to pay for tho the i cry best service and they can and do secure agents of great ability and integrity such agents can its as easily mako make safe investments in tho the IN rat at eight per cent as in the east at five per cent small capitalists must keep their money amonoy at home because they cannot watch over distant investments or afford to employ local agents the taci advantages more than compensate tw for tho the lower rato rate of interest which aich largo capitalists often have to accept on homo home investments in consequence of their ra rapid pid accumulations thus wo we MO a that in the lat twenty years wallo bile rates of interest have been constantly declining in america bast aib fortunes have bavo increased more ciora rapidly than ever before several non cativo estates have increased fivefold la in Is than forty years interest Is now vury very low but adding to interest tho the steady increment of city ian landt ianis is an n addition of at least four per cent per annum at compound interest may be count annul upon for these great estates at that rate a present fortune of would become a billion S in less jess than forty years financial conditions remaining unchanged the abo amerlean american billionaire might reas reasonably bo be looked for within that time and several millionaires billionaires billion aires might bo be expected within sixty icara ears 0 shearman in january forum |