Democratic Sentinel, Volume 1, Number 28, Rensselaer, Jasper County, 24 August 1877 — Rich Men of the Pacific Coast. [ARTICLE]

Rich Men of the Pacific Coast.

The richest mining firm in the world is that of Messrs. Flood, O’Brien, Mackey & Fair, in California. Their interest in two Bonanza mines, at the present depressed prices, cannot be less, it is said, than $23,000,000. They own the Bank, of Nevada, with a paid-up capital of $10,000,000, and a reserve fund of $2,000,000. They are reputed to own $20,000,000 in United States bonds. Their real estate and other property in sight cannot be worth less than $3,000,000. Besides these investments, they own a controlling interest in several other mines. It is estimated that the entire assets of these four men would amount to $100,000,000. Next in order of wealth among Californians come the four principal owners of the Central Pacific railroad and other connecting roads of California—Stanford, Huntington, Crocke and Hopkins. These men are the largest owners of railroad property in the world. Most of this property is encumbered by the issue of mortgage bonds. But it is supposed that these four men have a clear margin of $50,000,000. Besides railroad property they own a great deal of land, town sites, alternate sections, country seats, city real estate, and so on. It is said that they are worth $12,500,000 apiece. Proppectiyely they are worth more.