Virginian in 1910--Rogers

[NW Mailing List]

Especially 100 years ago when $36,606,900 would have been worth probably 
about $500,000,000 give or take a hundred million in today's dollars.

Sam Putney


----- Original Message ----- 
From: "NW Mailing List" <nw-mailing-list at nwhs.org>
To: "NW Mailing List" <nw-mailing-list at nwhs.org>
Sent: Monday, November 02, 2009 5:28 PM
Subject: Re: Virginian in 1910--Rogers



> It must have been hell to expect $100 million and then have to make do 

> with only $36.6 . . .

>

> EdKing

> ---- NW Mailing List <nw-mailing-list at nwhs.org> wrote:

>> Bluefield Daily Telegraph

>> April 23, 1910

>>

>> BIG FORTUNE SHRINKS

>> ------

>> Heavy Cost of Virginian Ate Up Rogers' Millions

>>     New York, April 22--H. H. Rogers, who was credited with building up 

>> the Standard Oil's multi-millions, left for his heirs hardly a third of 

>> the immense fortune credited to him by Wall Street reports.  Instead of 

>> the $100,000,000 which outsiders estimated as a conservative figure, for 

>> the amount of the Rogers estate, the executors have estimated it at 

>> something under $36,606,900.  The heavy cost of the Virginian Railway 

>> drained his resurces.  The inheritance tax was paid yesterday, the last 

>> day under the law.

>> ------

>> [The executors' estimate was slightly blurred on the microfilm.  The best 

>> interpretation is shown.]

>>

>> Gordon Hamilton

>

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