The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-22
LIVING ON 100000 A YEAR.
How Some Young Millionaires Waste
the Big Fortunes They Inherit.

spend 100000 year on himself!n
The question received deep consideration
in the course of conversation I had the
other night with two men, one of whom
had spent fortune of $3.50, 1000 in less than
two years, and the other, broker, was
spending his enormous income at a rate that
attracted some attention to him, even in
this city of extravagant men. The discus
sion brought out some points that may in
terest the average run of men, who regard
1000 as an adequate reward for several
months hard work.
81 do not know where my money has
gone" remarked the spendthrift carelessly
'One can never tell, you know. 1t did not
worry me when l had 1t, and l cannot say
that l miss it great deal now that it is
gone"
ssWhat did it buys" asked the broker. the
other rich man of the party.
Dyspepsia, premonitory symptoms of
govt, an abiding restlessness of spirit, and
constitution that is pretty we'll knocked
out of shape. Mike Donovan was speaking
about it tonight. l could never get time
during the past two years to go up and put
on the gloves with him. We made thou
sand appointments and every one of them
was broken. Since l have got through,
however, with my gigantic task of dis
semiuating the money / have found time to
60 up and hammer myself into shape.
TIE FIRST INDULGENCE.
"You don't have to spend money; it
spends itself"
'I should say So" remarked the broker,
sit reminds one of the story of the man
who was beguiled into putting on pair of
overgaiters. He was quiet, comfortably
dressed and unassuming sort of person
until he was seized by desire for fashion
l. 49, 1t
vent in the purchase of beautiful pair of
white duck CATERS. After he had put them
on he discovered that he would need var
nished boots to 60 with them in good shape.
He bought the boots, ald the
first time he ventured out the chill
ing fact was borne to his mind
that his trousers were a bit frayed about
the DO tom and bagged at the knee. He
looked like millionaire up to his instep,
and like tramp above it. So he bought a
new pair of trousers, had them well ironed
and creased, and then the difference be-
tween his upper and lower half was so shock
ingly apparent that he was obliged to buy
a coat and waistcoat of fashionable cut. A
rusty beaver with a pair of duck over
CATERS was CHASTITY, so he bought a new
one. By this time his boots were worn out
and he had to begin over again. The re-
suit was that the man was bankrupted in
six months, ruined by pair of CATERS.
''It is the same way with money.
1.-THE very instant your income increases
ana you begin to spend it in one direction,
the whole balance of life experiences and
surrounding must be lifted accordingly.
There can be no such thing as half way
measures. If a man buys u $4,000 trotter
as did three days after my first big strike
down town. he certainly cannot afford to
keep it in a livery stable at S34 month
That is, he can afford it, but it is danger
GUS place to keep a valuable horse
He must have a private stable
That means coachman, and if you have a
stable it is nothing to buy dog cart, O
Victoria and one or two other traps at from
$500 to 81, 900 apiece to stick into it. You
must have a big nag to drive to your cart,
and a good horse is a cheaper investment
than a poor one. Before long you will find
that you need two horses instead of one, as
one goes lame or gets pink eye, and there
you are with three horses in your stable
and only one man to look after them.
Naturally, you've got to have hostler
and groom.
1.-THE expense of the three horses, with
the rent of the stable, the purchases, re-
pairs, etc., will knock $4,000 year higher
my case came from the purchase of a
valuable trotter. He was my overgaiter.
WATCHING YOUR TEAM
''Things seem cheap when you have a
little money. If your horses are not per-
fectly matched, every man in your stable,
and all of your horse acquaintance, recon-
mend teams that look like duplicates of the
same mould, and you cannot pick up a
paper without finding that soma man whose
horses you admire has sold perfectly
matched team of cobs or cart horses at
some trifing sum like 5000 or $780, You
are convinced that these horses are better
SAox, ff1n in, 81, III
have let you in for 81, 400 or $500. Then
comes pleasing but costly effort to get two
perfectly matched horses that can be ridden
to saddle. if you wish to give a lady a
mouHt; that can be driven tandem when
you choose that sort Of fun, and that will
pair we'll before a victoria without being
too light and mettlesome. My experience
in this particular cost me about $4,000 this
year, but l have got something to repre-
sent it."
"WhatP'
"Seven horses in my stable and an extra
hostler up stairs If you ask me how the
horses got there, l am bound to admit that l
haven't the faintest notion. 1t is like the
stable of every other man who is looking
for perfection in this branch of his domes-
tic service"
"Are horses the most expensive item of
your annual expenses" asked.
There was dead hush in the carriage for
moment, while everybody thought OF an
affair in which the broker figured some
five months before, wherein a law suit, q
tale of woe, a diplomatic lawyer and a
10000 check played parts of equal proni-
hence. The grin of the spendthrift was so
large and ample that it was felt through
out the vehickle. Then the broker said,
calmly:
DEvoTING LESS ATTENTION TO SOCIETY
"Things have changed with me Of late. l
am devoting less attention to society and
more to horses and stocks" suppose that
know fifty men whose personal output is
$4,000 a year and every bit of money is
spent on themselves. They are not men
who devote large sums to dissipation, or
anything of that sort, but it is to be remem-
bered that every Travelled man agrees in the
fact that New York is the most expensive
city in the world. / can live in Paris, Lon
don or Vienna for one-ffth the money it
costs me in New York. The reason is that
the formation of the island makes 1t neces-
sary to live in a certain locality, and the
rents Of this locality are enormous 1t
doesn't make the slightest difference where
man lives in Paris or London as long as
the location is respectable, but in New Y ork
the section is well defined"
81 should say So" said the spendthrift
my cousin and have an apartment in the
Metropolitan opera house building, and 1t
let's us in for $4,000 year without an eff
fort. Rents, attendance, breakfast, personal