The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-27
GEORGE GOULD'S ECONOMY
The Young Millionaire Will Haveto Fig
ure Closely to Live Within His Means.
He Will Have $500, 900 q Tear. and There Will
Be Calls for Nearly All of 1.-THE Gould
Money Would Support 81, 800 People.

and Zophor the Naamathlte made an ap-
pOintmenttogether TO mourn with Jobandto
comfort him they said any such foolish thing
as has been said By their successors from
that day to this. "a rich man." the WISE
acres are fond of chirping. has little or
nothing more than q poor man in this
world. He can only eat so much. and wear
just so many clothes. and all that o man
gets is his food and clothing anyhow" They
have said IT, and said il. and had it printed
and made it into anecdotes of this'and that
millionaire until the people who ore not
yet tit for the idiot class in asylums have
CRASHED their teeth and torn their hair in
evaporation. Probably nothing was ever
said that contained q higher pressure of
imbecility than this. and yet 1t continues
to be said, md probably will SO continue
till the grand Pralaya comes.
1t is precisely because q rich man gets so
much more than his food and clothing that
everybody wants to be rich. And It Is be-
cause there are so many things that even a
rich man cannot afford to do that the rich
constantly strive to get richer. just now
the world is looking with more or less envy
at George Gould and Helen Gould because
OF their enormous wealth. n u%nthinklng
people-most people are unthinkIng seem
to think they are hey ond the necessity Of
self-denial. and even of economy.
Lot us reason together. The brother and
sister. If they do not depart from their
| family traditions, will be likely to live
within their Incomes. and possibly to lay
away something against q rainy day. And
in order to do this they will unquestion-
ably have to be economical. No exact
statement can probably DO made of the
amount of their income. but il may be
roughly estimated. Several figure tiends
| have calculated that George Gould's in
but their figures show that they have
been precipitate. They nave not exam
ined his fathers will, or taken into con-
slderation the requirements for reinvest-
constantly call for. As q matter of fact.
George Gould will. for many years TO
COME have to conipe his living expenses
to the earnings OF not more than
an s 900 COO Ssin ths rest Of ct the 'e Gon nS'r fosssns
being tied MP in various ways.
and with q frmness which only those
who understood Gonlds pater's business
methods can appreciate. Six per cent per
of IS. coo, 900 amounts to $500. 600 o year.
And q similar rough estimate would give
Helen Gould about 100000 o year. 1t is
true that George, being an energetic
man, actively engaged in some few
0oAaS
exc out his pittance with occasional
outside earnings. And 1t is also true that
there are existing circumstances which
wonld enable Miss Gould to exceed her IN
Gomez II she chose to do so. without being
liable to incur actual poverty. Still. as
was said. they are likely to keep within
bounds, and for the purpose of e~difcation
1t may be assumed that they are living
and will live on the amounts stated.
MCHEss oBLIGE.
All this. the reader may exolaim impa-
tiontly. has nothing to do with the fact
that their incomes are enormous. 1t is
true, but it must be remembered that
ricbesse oblige as much as noblesse oblige.
A rich man cannot effect the savings on his
ordinary expenses that O poor man can,
simply because he hasn't the time. For
instance. he cannot blacken his
own shoes. or even stop to have
: 5h'% CENTS. ai he has on otS sss sSInss ie to-
do that are of considerably more import
ance, so it is really necessary for him 10
hire q man to do such things for him.
| Neither has he the time to go TO q BARRIERS
to get shaved. de would have to wait for
his turn. which would be wicked extrava-
gance on his part. and, moreover, would
run the serious risk OF falling under the
razor of q crank. If he can. he shayes
himself, and his man strops the razor. II
he cannot. his man shaves him.
1t is true that the difference between Mr..
Gould's annual bills for shaving alsSthe
blackening of boots and Mr.. John Smiths
expenditure for the same purposes is not
enough TO eat up the discrepancy between
Mr.. Gould's S500.000 and Mr. Smiths $500. 1t
is not cited here as q full explanation of
Mr.. Gould's necessity for e~conomizing.
but only as q sample OF the
ing differs from that ot Mr.. Smiths. The
same kind of o contract might be made In
reference to every Item on MIR. Smiths list
of expenses and not touch 1 per cent. of
Mr.. Gould's income, but at the same time
1t would not account Tor / per cent. of his
expenses.
In the first place, Mr.. Gould is o family
man and q HORSEPOWER. His house is
said to be worth $1,000 600. Obviously, he
has to keep it in repair and pay taxes on
il. Calculating this at pa per cent. Of the
value of the house. it will cost him $4,000 q
year. He Is not likely to have TO pay taxes
on his personal property. for that is ono OF
the expenses rich men avoid, while poor
men have to pay 1t. Commodore Wander.
bllt, for example. used to keep himself sew
eral hundred thousand dollars in debt, so
as to be able to swear Oft on has taxes.
But S25. coo a year IS only the alternative
which Mr.. Gould has to pay In lieu of rent.
1t does not provide for inside expenses. In
q house like his there are many servants
necessary supposipg that he keers a
q cook at SlC0 (which Is very small pay.
two kitchen maids at s15 each. "a chamber
maid at the same price. a valet at $50. a
foOtman ct so. a c0achman at $50,
a maid for his wife at $50. and
q nurse for the baby ut so. This
brings his domestic payroll uD to $500 a
year. Next comes the expense OF the table.
which for thirteen persons beside the baby
would be called moderate at S25 a dav, OF
SO. 125 q year. OF course. s25 a day would
be called extravagent In many households
of fourteen persons. but it must be remem
Lercd that eleven of them are servants and
it costs more to feed servants than it does
other people.
H LITTLE
In such u house there must be good furni.
ture, aud it must be kept in repair. Allow
5000 a year for this. and then figure on the
bric-a-brac and jewelry. which are really
nothing more than the fitting auxiliaries OF
such a home. and three times as much II
not an unreasonable estimate. A natura
adjunct to the house Is a con
s~ervatory which. including the serv
ices of O competent gardener. may
easily cost $4,000 a year. Mr.. Could
father spent more than this on his conserv
atory. but he was q very rich man. ant
flowers were his hobby. Mr.. George Goult
cares more. 1t is said, for hooks and pic
lures. and may. perhaps. buy n few gool
books every year for $40. 600. end four OF
five choice pictures tor 10000. In thil
way ne can in q few years get q fairly eooC
collection-not a very notable one IN thes,
days. bnt good In q modest way.