The Providence news. (Providence [R.I.]) 1891-1906, 1892-12-29
FADS OF MILLIONAIRES.
WAYS IN WHICH WEALTHY MEN
SPEND THEIR MONEY.
Some Crafty Personal whims-others
Devote Large Sums 10 benevolent and
Charitable Purposes-some Conspfcu-
Gus Exampies-NotabIs Charities.

Gus Exsmples-NotabIe Charities.
Jay Gould is said to have spent sac. 900
year upon his yacht. This was his on,
great extravaganza, for in other respects
although he lived handsomely, he Iivec
far less iuxuriously than many men OF
much smaller fortunes. Yet this one ex.
trnvagance has been seized upon by sta
tisticians OF n certSin class, who insist
that ii was pure waste, inasmuch as Mr.
Gould'did not really use the yacht very
often, and that the bulk of the money
was spent in keeping the yacht in harbor
In such a condition that on receipt of a
telegram steam could be got up at once.
Other American millionaires also have
their fads. Mr.. Russell Sage loves horses.
He has stables in New York and at Law
renee, l.. J., wherein he keeps a dozen
fast steeds, which have never, however,
been allowed to figure on the trotting
track in public. Far different Is the case
OF Mr.. Bonner, who for period made il
his business 10 own the fastest known
trotter in the country, and bought up
one famous record breaker after the other
st fabulous prices. Mr.. William c. Whit
ney's passion is for dogs. Several of them
are kept at his home i'm New York Others
are at Newport ano at Washington. He
often visits Wall street, accompanied by
huge mastih. When he was Secretary
OF the Navy he paid $500 for a magnifi-
cent 81. Bernard, "Gyp," and when she
had litter OF puppies he presented sew
eral TO his personal friends. Mr.. Loril-
lard, another dog fancier, fancies them
as much for profit as for pleasure, and
makes money out of his extensive dog
kennels in New Jersey. AS much as
u 900 has been brought in to Mr.. Loril-
lard's pockets from the sale of single
dog. Cyrus w. Field used to love domes-
tic fowls, and his henneries, full of hum
dreds of high bred fowls, were famous
feature OF his summer residence at Ards
ley-on- the Hudson.
OF the men OF the present day the most
notable millionaire engaged in the gen.
erous and equitable distribution of his
wealth is Baron Hirsch. II Is something
to have an income OF SIC, 600, 900 q year.
and it is something to know what to do |
with 1t. The Baron has proved himself
equal to the emergency. He lives in a
palace, whether in London, Paris or Ber- |
lin. He likes 10 spend money on other |
people, and in Paris he maintained large |
Office as headquarters for his benencent |
schemes. To attempt TO enumerate his |
good works would be an almost endless
task. Their moneyed value runs far IN
into the millions To the people of his
own race he has devoted himself with an
untiring generosity, not by scores or
hundreds, but by thousands. He has es-
tablished free educational institutions in
Egypt, Asiatic Turkey, and in nearly all
the European countries, and wherever
there is large Hebrew population he
founds schools and trade institutes.
Henry Shaw, who Is regarded by st.
Ts<r<t Il . l.e
Englishman by birth, who made his for
tune in the hardware business and re-
tired at the age of forty. Passionately
fond of flowers he established a botani-
cal garden just outside the corporate
limits OF st. Louis, and there he lived in
The summer time, returning to the city in
winter. He constantly improved and
added TO the territory of his fiower-Iand.
nntil "Shaw's Garden became one of
The most famous resorts for visitors in
the Southwest.
A noble type of the man who knows
how to do good with his money was John
of Milwaukee. Mr.. Plankin-
'on's charitable deeds began in early
lie from the very generosity OF his ma
'ure and were continued uninterrupt-
IDLY.
James Lick, of San Francisco. was an
movable millionaire, of whom a curious
tory Is told. When poor youth in
was rejected by the daugh- ,
er OF miller on account OF his poverty.
ie vowed at that time that he would
ONE day build mill that would far sur ,
ASS his sweetheart's father. Many years ,
ater he kept his vow and he constructed :
San Jose mill Of highly polished !
alifornia wood valued at S2O0, 900. While
,any institutions profited by Mr.. Lick's !
osthumous gifts, his most famous
chievement was the establishment OF the
ick Observatory on Mount Hamilton
nder the management of the University
California. e
1t will be hard work to convince the B
Rtient people who ride or try to ride on 7
&c North Side Chicago cable cars that g
Lr. Charles Il. Yerkes is philanthropist, a
st he sometimes finds very laudable uses u
" his money. Mr.. Yerkes has set apart u
10000 for an observatory and telescope -
T the use of the University of Chicago. 81
Is order was particularly chicagoesque: e.
90 ahead and construct the biggest and IL
ost powerful telescope in the world. ei
will be responsible for the CASH. But 50
r. Yerkes does not put all his money i'm az
iescopes. he lives well, furnishes his W
'use lavishly and has an eye to paint oi
Philip ID. Armour is a Chicago man hi
40 makes more money than the average SO
nerican citizen would know what to ni
with. w
In public way, except the Armour DC
ssion, kindergarten, dispenssry, &c, Sc
Z. armour has done little as yet TO inn pc
ortaiize himself among the great bene-
,tors, but his list OF private charities is
ong one. Many boy has he helped
rough school and college, and many a VIZ
or family has he relieved from distress. IN,
William w. Corcoran made millions of an
liars in the banking business, and he rir
We away millions, as every schoolboy Co
ows. What he has done for the city in
washington and its vicinity is shown sia
the beautiful Art Gallery, the Louise
'me and other structures evidence. an
leland Stanford, like other California WI
iiionaires, lived in a palace like a we
Ince, owned his magnificent country ev,
IIu mtn ~ a |