The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-22
New York Press.l

| luOe 10 take care OF what they mad OF
to add to it. But there are enough sue
cessful sons of successful fathers to i'll
duce one nowadays to take that OLD
dictum with several grains of salt.
The very rich American families, like
the Astors, the Vanderbilts and the
| Goulds, are showing no disposition in
| the younger generation to dissipate The
fortunes left to them by their acquis-
| tive fathers. The fortunes of all these
| families, despite the drains made upon
| them by a princely mode of living and
by the paying of debts necessitated by
foreign matrimonial alliances, are GU
mulative.
George Gould is not the bold, aggres-
| sive fighter for millions that his father
was, but he is a financier of no mean
| ability, and is by no means a nonentity,
| far less a failure in the boards to whose
membership he succeeded his father.
John Jacob Astor has cared less for
business than for activity in other lines,
| but he has been far from living the life
of drone. In literature and in me-
/ chanical inventions he has made his
| little try with as much seriousness as
| If his living depended upon it; and in
| the war just closed he gave good evi-
dence not only of a patriotic spirit, but
OF ability TO perform faithfully and eff
ficiently the duties of an officer 1t has
bilious politically, but it is probable
that this desire may be stified by the
consciousness of the bitterness and ridi-
Guile OF Which he would be the object
in a partisan campaign.
HIS cousin, William Waldorf Aston
recently returned from England, has
had experience of that sort. His friends
nave given as one of the reasons for
his self-expatriation the hostility which
his appearance in public life brought
upon him. This Mr.. Astor has not been
Dy any means an idle son of millions.
He wrote a novel that, though it wasn't
thrillingly good, still showed research
and hard work. He was far more capa-
bic as representative than the aver
age congressman. and he made a cred
liable If not a brilliant foreign minister.
As the proprietor of an English maya
zine and newspaper he has manifested
an interest in current literature and
affairs, duly curbed, of course, by the
conservatism to be expected of the pro-
prietor of millions.
Whether or not the threatened disin-
herltance of the younger Cornelius
Vanderbilt has had anything to do with
1t, he is said to show keen interest in
railroading, as millionaires under
stand IL, and a readiness in mastering
the details of management that has
led to his being patted on the back py
that excellent tutor of rich young men,
Chauncey Depew. If he should be cut
off with only 81, 200, 600 or some such
paltry sum, it seems likely that he will
be able to make a very decent living by
his own efforts, aided by the prestige
OF his name.
Now, his cousin, young w. K. Van
derbilt, who has just made a good
start in life by allying himself with a
pretty girl with millions of her own. is
ie-a
be his fathers right hand in the con-
quot of big affairs in the Vanderbilt
interests Although he has not vet
come of age, he is said to have given
evidence of shrewd common sense and
of managerial ability. notably in his
connection with a Harvard publication,
whose business department he con-
Quoted so we'll that it was lifted from
debt and established on paying basis |
Even more marked was his cool ability |
IN sizing up the various schemes pro- |
posed by college chums and showing |
their weak points and lack of practi- |
ability He was no easy mark, but, |
on the contrary, won reputation for !
being extremely long-headed.
The expectations which Harry Payne |
Whitney enjoys. being in high favor
with three extremely rich men-his
rather, w. G. Whitney; his father-in-
law, Cornelius Vanderbilt, and his
bachelor uncle, Colonel Oliver Payne
have not paralyzed his energies or ac-
tvities. Although a young man, he is
a director in several corporations. and |
takes an active interest in the develop
ment of his fathers various enterprises.
has he given practical at
tention to the breeding of fine horses,
which is somewhat more to his taste
than the manipulation of stocks and
the corporation schemes in which his
father is so fine a master. That may
be because he is still young and be-
cause everything allied to sport exer-
cises fascination over him.
j. Pierpont Morgan's son and name
sake represents his fathers interests,
not as a figurehead but practically. in
London. He is a Harvard man of the |
class of so and married one of the
Grew girls of Boston, famous for their
beauty.
The Belmonts. August, Perry and o.
Il. p, are all the sons of a rich man.
out none has shown any lack of inter-
est in the business methods which
made the wealth of the family. and
hey have added other interests, mainly
n the direction of politics. which have
saved them from the accusation of be-
ng merely rich men.
Peter CooDer's son and his grand
IONS, the Cooper-Hewitts. are actively
in the iron business and show
much of the ability of the founder Of
he house in the prudent and skillful
of their affairs. They do
lot observe the same frugality in their
node of living which characterized
lin, but, fortunately, they preserve
omething of his liberality and are gen.
rous in their benefactions, not only to
cooper Union, which is the official
amily philanthropy, but in lesser de-
.ree to other good works. The friv-
lous vein which crops out most con-
in the lively entertainments
.iven from time to time by the Hewitts
S peculiar development of of the en-
erprising Cooper spirit, which affords
To a large number of peo-
lie and does not in the least prevent !
hem from being very level-headed,
Industrious folk when it comes to BUSH
less
a firm that is making things very
lvely now among the SPECTATORS is
ontrolled by the Havemeyers, sons of
ich men who bid fair to leave their {
ons still richer No man with a grim s
termination to make place for ;
imself in the business and social
rorld could show more persevering de-
otion to the enterprises in hand than | {
hese already rich and socially WELL | /,
laced men.
So it is in other families of wealth
nd position. The sons go into busi- :
ess. for the most part, in the one | I
athers, but sometimes striking out int {
new line for themselves. rhe
awdlers among the rich are the OK
option, both with fathers and sons. 1t
only those who have never known i,
ealth who dream that its possession
leans life of idleness, or even
isure. In America at least the I