Holbrook argus., 1901-07-06
RULERS SAVE MONEY.
SEVERAL EUROPEAN MONARCHS
ARE BECOMING MISERLY.
Crowned Heads Are Now Laying BY
Their Spare Coin for a Rainy Day
Many Have Money Invested in Eng
land, France and America.

The instinct of economy is gaining a
greater foOthold among those who oc-
cupy thrones than ever before in the
history of the world. Most of them seem
to fear a nearby rainy day, and the
signs of the times would seem to point
in that direction. The United States
Government and the Bank of England
now have upon their books the name OF
practically every sovereign in Europe.
Even eX-President Kruger has i'm
mense deposits, amounting to over So
| 100000, in England's mighty deposi-
tory.
The most thrifty royal family is, and
always has been, the Russian; the Car
manages to put by large fortune ev-
cry year, nearly all of which finds its
way into London or Partisan banks.
His grandfather, Alexander IL, though
an excellent monarch, was little short
of miser throughout his reign, and
consequently when he died left $780,
100000.
Ten millions were settled upon his
family, and the remaining twenty he
left to a lady of title whom he had mar
ried prior to ascending the throne, the
marriage, by Russian law, afterward
being declared void. His son AleXan-
der III. was less thrifty, but he saved
five millions during the few years he
occupied the throne, and bequeathed
the whole of it to Queen Alexandra,
then Princess of Wales.
The shrewdest monarch of Europe,
from a business point of view, is I'M
doubtedly the Sultan. He does not be
lieve in Turkish banks so deposits all
his superfluous cash abroad, special
messengers being sent at intervals to
pay the money in. He also has Curl
Gus habit of secreting money in all
sorts of strange places in the palace,
and prefers to run the risk Of being
robbed than enrich the Golfers of an
Ottoman bank. But he does not de-
pend on his regal position solely for his
income. He owns one of the main
streets in Constantinople, sugar plan
tation in the West Indies, and draws a
handsome dividend from a line of
steamers plying on the Bosphorus.
Both the King of the Belgians and
King George of Greece are born specu-
lators, and favor the investment of
money in what may or may not yield a
handsome return rather than content
ing themselves with a small rate of in
terest from the banks. The first named
inherited $5,000,000 from his parents,
and by judicious dealing in Panama
stock make a profit of $20,0OO,000 in a
: few weeks. Since then he has laid out
the whole of his savings on the Congo
Free State, and firmly believes that he
will live to see the return of the money
with interest. King George deals in
stocks and shares with excellent re
suits, and he once tried to bring about q
corner" in American grain, but was
only partly successful. He follows the
fluctuations Of the market carefully
and is ever ready to invest money il
any concern that is likely to have {
bright future before it.
The late Empress of Austria was very
eccentric in financial matters, and eco
nomical almost to a fault. 1t is est
mated that she saved at least two
thirds of her allowance, and left a for
tune of over 100000 when she died
o She would not permit a large retinue O.
- servants to be employed at the palace
= and always supervised her husbands
:, accounts.
. Not many monarchs hoard thei
9 wealth in a private bank of their own
:, indeed, the Mikado of Japan is prob
ably alone in this respect. His credi
tors are presented with drafts on th'
= Imperial Bank Of Tokyo, which is con
Quoted solely for his own use, no othe
= individual being permitted to deposi
money there.