The Savannah morning news., 1901-09-06

yachting amounted almost to a mon
omania, and though he had an income
OF $4,000 year. ii could not keep pace
with his expenditures on yachts. When
he was brought into the bankruptcy
court his yachting expenses were given
truly enough-as the reason of his
failure. Aside from his expenditures
on yachts he spent hardly a penny. He
lived on his favorite boat, the Olney,
having no dwelling on shore, and when
she was laid up for the winter he stin
stuck to the yacht. He had samples
Of every new style of racing craft built
for him, and bought and sold big
yachts almost weekly, giving any price
the seller chose to ask and never get
ting as much when he disposed of his
purchase. He talked and dreamed Of
nothing but yachting. He was an ex-
cellent Corinthian and handled all his
boats himself. At one time or another
he owned every kind of a yacnt con-
ceivable, except steam launch. which
was a thing he abhorred. When he
became a bankrupt his yachts were hts
only assets; every penny of his capt.
tai and income had been put into them.
His yachts were sold by order of the
court and a few weeks later Elliot
Reid committed suicide at Dartmouth,
dying absolutely penniless.
Recently there died at Bloemfontein
South Africa, Whyte Morley, private
in the Imperial Yeomanry. No man
ever loved horses better than he did,
and horses were his undoing. Not by
gambling on them did he come TO
grief, for he never made a solitary bet
in his life; but just by buying them.
He spent three separate fortunes, each
one amounting to over $4,000, in
breeding and training horses. He raced
to A moderate extent, never gambling,
and was fairly successful; but for all
that his love for horses proved too
much for his fortune. At his place
in the country he kept always between
forty and fifty thoroughbreds, tending
them like babies and paying all his
men well. His luck in one way was
so good that after he had spent all his
money he received a legacy OF $500
and before that was gone entirely he
inherited another fortune of about the
same size. He lived and slept among
his horses, and paid sometimes high
prices for them. One horse, Pontifex,
cost him $4,000.
He was q popular fellow, we'll liked
by everybody; always said he was
willing TO ruin himself for horses. and
did it. Two years ago his expensive
pets brought him into the bankrupt
cy court. He was just able to pay his
creditors in full. and was left practl-
cally penniless. Then he enlisted in the
Yeomanry, and went to the Boer war,
where he died.
Pictures of old china were the cause
of the ruin Of another man. Crawford
Lennox, whose splendid collection
came under the hammer recently In
London. He was one of the chief con-
noisseurs of Europe in his chosen line,
and, though possessed of a comfortable
fortune and a god income. he stinted
himself on the common necessaries of
life In order that he might buy pic
lures AMI china. He would live on
bread and water rather than forego
the purchase Of some coveted vase or
picture; but his expenditures in this
line were so great that he squandered
not only his income but his capital,
and finally became bankrupt and died
in extreme poverty, the attending ply
sican certifying that he was practi-
cally starved to death.
Arthur Griffiths, She famous dog
fancier went to the dogs" through his
pets. He never had less than a couple
of hundred dogs at a time and never
sold any. though he would sometimes
gives them away to his friends. He
neN er had a dog worth less than $50
and would frequently pay $500 for one
His collie, Nassie, cost him 81 COO His
kennels were marvels of luxury and
costlneSs, ana mis- weekly Dill Tor dog
food alone was enormous. He bought
on an average a couple of dogs a week.
and would sometimes make presents
of entire patches to his friends. He
used to say that he would as soon
thing OF selling his own brother as OF
taking money for a dog. Finally he
became insolvent and when his as
sets We're figured up Il was found that
he had paid $4,000 for the dogs ne
then had on hand, to say nothing OF
the hundreds he had parted with. But