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Updated: July 8, 2025
In the course of this work it has already been shown in specific detail how Peter Goelet in conjunction with John Jacob Astor, the Rhinelander brothers, the Schermerhorns, the Lorillards and other founders of multimillionaire dynasties, fraudulently secured great tracts of land, during the early and middle parts of the last century, in either what was then, or what is now, in the heart of New York City.
How much more pleasing a rough wall of field stone, or "wild stone," as our old wall-layer put it, with which the farmer separates his fields! No thought of looks, but only of utility. The showy, the highly ornate castle which the multimillionaire builds on his estate would an artist ever want to put one of them in his picture? Beauty is likely to flee when we make a dead set at her.
Pity the lot of the multimillionaire who has most incautiously allowed it to become known that he considers it "a disgrace for any man to die rich." Five hundred letters a day are sent to Andrew Carnegie, with suggestions concerning the best way in which he can escape disgrace. The lazzaroni of America are as bad as the same tribe in Italy, only they play for bigger stakes.
How he lived when out of office was the subject of unflattering conjecture. Many thought him the stipendiary of Mr. Mackay, the multimillionaire, with whom he was intimate, who told me he could never induce Tom to take money except for service rendered. Among his familiars was Colonel North, the English money magnate, who said the same thing.
Long after Longworth had become a multimillionaire he took a savage, perhaps a malicious, delight in doing things which shocked all current conceptions of how a millionaire should act.
He had no knowledge of business methods; he had practised his profession in a magnificent dilettante sort of way which had worn an imposing air and impressed his clients, and, as he was by inheritance a comparatively rich man, he had not been driven by necessity to alter his methods. The sudden prospect of becoming a multimillionaire excited him.
The very next day came the historic crash, the record crash, the devastating crash, when the bottom fell out of Wall Street, and the whole body of gilt-edged stocks dropped ninety-five points in five hours, and the multimillionaire was seen begging his bread in the Bowery.
A thousand times he cursed his folly in not having asked her name. Meanwhile no word comes from her, till suddenly, mysteriously, unexpectedly, on the fourth day a note is handed to de Vere by the Third Assistant Head Waiter of the Belmont. It is addressed in a lady's hand. He tears it open. It contains only the written words, "Call on Mr. J. Superman Overgold. He is a multimillionaire.
But none of his later achievements can in any degree compare with what he did in a cellar in Salem, at twenty-eight years of age. They had all become rich, these first friends of the telephone, but not fabulously so. There was not at that time, nor has there been since, any one who became a multimillionaire by the sale of telephone service.
But this was before the multimillionaire had made the need for an augmentative of the word "luxury"; and Jim's house was noteworthy for its beauty: its cunningly wrought iron and wood; and columned halls and stairways; and wide-throated fireplaces, each a picture in tile, wood, and metalwork; and vistas like little fairylands through silken portières; and carven chairs and couches, reminiscent of royal palaces; and chambers where lovely color-schemes were worked out in rug, and bed, and canopy.
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