The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-04-04
HOW THE MONEY GOES.
Especial Correspondent. ]

reckless crazes Tor this or that class OF
objects which seize people who have
more money than they know how to
spend. This time last year New York
was in the throes Of hard times, Work
ing people were III distress, and rich
people complained that stocks were
worth nothing, and there was no invest
ment for their money. To be sure.
there was always the chance that pre-
sents itself of laying up treasures in
heaven, but somehow rich people have
never regarded that prospect of getting
their money back as a good one, and
they have never caught on" to that
movement to any extent.
But now times are good again, judg-
ing by the way the wealthy hereabouts
are parting with their money. They
are throwing il away on objects which
to plain, honest people seem like the
veriest trash.
There. for instance. is that scruffy-
looking. mule-nose, d blazed-face. little
3-year old FLY Dew Drop. The Dwy er
Brothers have Just bought her from
ACAAC AOA f-CFOg0- lAAC ~ Il
racing creature, running beast.
II you would like to know what she
did to make her worth so, 900. here it is
in horse talk:
Dew Drop ran in all ten races last
year. leading off by winning five-fur-
long sweepstakes, at Sheepshead Bay,
In June. She was in turn unplaced for
the Surf and Seabright stakes, second
70 Charity for the Flatbush, won the
Great Eastern handicap. at three-quar-
fers of a mile, from field of twenty
one runners, carrying ITO pounds in
1:l63<; was unplaced, with III pounds.
TO Walter II. for the Adieu stakes. at
the same distance. after which she in
turn won the Nursery and Champagne
stakes, both at three-quarters OF a mile.
at Jerome Park, the former with l12
pounds, in 1:1S7<, and the latter with
I'D pounds in the same time. At Balti-
more, Dew Drop in turn took the Cen
trail and Ecliptic stakes, both at mile,
running the latter in 1:44I[.
Is that satisfactory Dew Drop is, as
you see, of no earthly real use TO any
body.
THE MORGAN Art COLLECTION.
Charles Morgan was a grouty and
stingy an old curmudgeon. it is said, as
ever pinched a nickel, His head was a
bowlder and his heart was flint. He
toiled early and late, schemed and
planned TO overreach others. and
scrimped and lived in a shabby, low
down sort of a way, till he got capital
enough to embark in large enterprises.
He embarked, but still lived in the
shabby, scrimpy way. Then his wealth
mounted into the millions. He made
the largest part of it in the steamship
business between New York and the
Isthmus of Panama during the gold
fever days. So far as appears,he had
not soft spot or kindly spot in him
unless il was for his second wife, Mary
Jane, who made the famous art collec-
ton.
The old miser's first wife died. HIS
daughter was put TO school at Flush
ing. \. Y. One of her lady teachers
went home with her on a visit. The
father set eyes on the good natured
spinster, and asked her to marry him.
She did so. 1t seems as if Mary Jane
was allowed during Mo-gan's lifetime 10
spend more of his money than any b1oy
else ever had done. He died worth
SIS. 600. 900 to $4,000, 900. He left Mary
Jane So 100000 of this to do what she
best pleased with. That was seven
years ago. The widow, who had never
in hear girlhood had a second bonnet
to her head. set about making a most
gorgeous art collection in America.
She spent, as nearly as / can get from
the figures at my command, s., 500. 900
for this purpose. And for this gie4t,
laundering heap of wealth there re-
mains to show chiefly the peachblow
vase.
CYou should call it "vaz," to rhyme
with was" but some call it ''vaws. :"
to rhyme with ''caws.D
Mrs. Morgan paid her money for il
and called it what she liked. Ii is of a
duh grayish pink color, Is eight inches
high and three inches across. 1t is a
smooth, brightly glazed piece of pottery
enough, rather pretty looking; but Mrs.
Mary Jane Morgan paid SIS. 900 for il.
cold money. What do you think of
that7 When her collectiou was auction
ed offa few days ago, Mr.W. T. Walters,
of Baltimore, bought the thing ana
paid $4,000. What do you think of
that still more? 1t is probable now
that peachblow pottery will become the
fashion. Mrs. Morgan's SIS. 900 vase
belongs to what Is called the Kang-he
period of Chinese pottery. 1t is about
200 years old, more or less. Other vases
the same color were sold for from SIS 900
to 5000 apiece. One. whose mate went
for IS, 100. had handle knocked off and
sold for 50 900, making the lost handle
worth S2.lO0.
The whole art collection. however. is
worth nothing like what the lady paid
for it. 1t is monument of nothing so
much as the avarice and dishonesty OF
tradesmen. Il is a miserable mean sort
of excuse for such people to say If they
had not got her money somebody else
would have. The good woman was
fieeced right aud left. A PRESBYTERIAN
preacher named Conkling is supposed
TO have got about $500, 900 out of her.
Among the collection was a vast num-
Der of rare and costly orchids. She
paid 10000 for them, while they were
worth only 10 per cent. Of il.
The whole story Is remarkable.
Charles Morgan .scrimped and toiled
and schemed and lived like begear
most of his life to heap up millions
After his death fate in grim irony, took
the millions and tossed them on the
wind like thistledown. And of them
all il does not appear that one dollar
nt-a- 49, e. - - -