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The Vanderbilt Millions

The Vanderbilt Millions image
Parent Issue
Day
20
Month
February
Year
1895
Copyright
Public Domain
OCR Text

The care of the Vanderbilt millions s a"far greater burden than most peole imagine. There are not many citizens in our country who require a great bank of their own in which to ransaot their business and deposit .heir securities. One of the largest banking buildngs in the country is the Lincoln National bank, at Fifth avenue and Forty-second street This belong-s to the Vanderbilts. lt holds millions of money and many more milLions of securities which represent their -wealth. After the eider Vanderbilt died and lis property had to be distributed among his children, ifc was no small task to go over the vast number of stocks and bonds he left and divide jheva up according to the provisionsof ;he will. Nor was it a small matter ;o distribute the ready money that was in the bank. This bank and its operators'seem like a romance of our rapid civilization. In sentimental features nothingiu Europe can compare with it In no country on earth except this could such an institution exist under similar conditions. In no other land could ' a family have had as its financial servant a man who had been a Cabinet Minister. Yet when Thomas L. James ceased to be postmaster-general he anchored himself in the Lincoln National bank to count the money and sit as a grim fig-urehead upon the stool of the successf ui operations of one man.

Article

Subjects
Old News
Ann Arbor Courier