Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-04-08
ECONOMY IS WEALTH.
HOW RESPECTARIlITY IS SUSTAINED
ON SIS A MONTH.

Facts About Finsnciers Of the Pacific
Coast-How the Habit OF Close Econo-
NV Is Acauired-A 1Iillionaire's Stra-
tegic Generosity.
Half dozen gentlemen in the cffce of the
Palace hotel were talking the other evening
of the comparative extravaganza OF people
in San Francisco An old resident who owns
houses by the block and lots by the acre, and
is himself regarded as a champion economist,
remarked that good deal of the talk about
the extravaganza of the San Francisco COM
uuHity was fiction.
s.I'm inclined to think" said the thrifty
capitalist, ''that there are just as many eco
nomfcal people in San Francisco as any town
i'll the country. How do you account for the
immense deposits in the local savings banks
if the community as a community is not
strictly economical"
II don't quite agree with you" said a well
known young grain Spectator who has made
and lost millions without being very percep-
tiblv affected thereby. Il think the COM
munity as a community is reckless in its
estimate of the value of money, but there are
no doubt as notable examples of economy to
be met with in San Francisco as in any city
in the Union. Every PIONEER knows -,
for example, well preserved man with gray
beard neatly brushed clothes and shining
silk hat In early days he was well to do
Young jeweler end saved his money, so that
he VIII never need the assistance of his
society To apPease his undertaken. He began
years ago TO cut down his living expenses as
a matter of principle, and now, when he's
old and comparatively com Portable, he has
got il down so fine that the sum Of SIS q
month supports him"
HOW HE MANAGES 1T.
GLOW does he do it? Well, in the first
place he has hunted up a room on the top of
Telegraph hill, where he has to ascend by
rope ladder. The marine view is excellent,
but the work of getting up is frightful. Still
be doesn't mind, for the rent is only 81
month. He blacks his own shoes, shaves
himself and walks down town to breakfast,
making sure that the establishment which he
patronizes is able TO supply square meal 70
healthy man for fifteen cents. Before he
orders be makes it point to Gevastate the
pickle jar, sweep the table of bread and
crackers, radisheS, beets or anything else
furnished gratis. Then he wades into his
modest order, and after demoiishing that
hall He always carries his overcoat thrown
loosely over his shoulders, as the common
practice OF thrustirg the arms into the
sleeves has wearing tendency. lie invart
ably spreads a couple of newspapers over his
chair in the reading roonl, SO that the cane
seats may not too suddenly remove the nap
of his already long worn but well preserved
pantaloons He has a patent for hanging up
--,1a., IF
of outline by contact with the wall, and
when he dusts it be Invariably uses his hand
kerchief, a brush being calculated to shorten
its term of service. He could afford to live
ct the rate of $500 month, so that he will
fully puts in the savings bank at his time of
life, and without having any family to leave
his savings to, some $3.50.
"a good many rich people who rlstle their
own money make themselves appear mean
without sGspecting 1t or being really rs par
sira0nious as they seem" remarked full
blooded cattle king. They got into TIE
habit of driving close bargains when they
were poor, and it used to be necessary as well ,
as a matter of principle with them to see
that they weren't cheated. They seem to
forget, though, that what looks all right
with hard working man on small salary
Or his wife, isn't quite the correct thing with
the same man or his wife when they have
so, 000, 600 or S30,0O0,Ot0. Now there was
IS wife and daughter The market people
Used to talk about them in way tbat would
paralyze them if they only heard it, and all |
Oh account of their mistaken ideas of what /
they had right to do. Most ladies in their |
position give their market orders and wait |
till the bills come in to see what the meat Is |