Shiner gazette. [volume] (Shiner, Tex.) 1893-current, 1902-10-22
RICH MEMS HOBBIES
MlLLIoNAIREs WHO SPEND FOR.
TUNES YEARLY.
Andrew carnegIe's Fad for Giving
Away Libraries lie Well Known
Pierpont Morgan Has Large An
nual Bill for Paintings.

Uudl OH IOT FdInllnySs
Given a million year to spend at
pleasure, find something on which to
spend it. That is the proposition
which is met by multi-mlllionaires of
this country, England and Germany.
1t is a peculiar fact that the men
who have this opportunity choose one
thing as the object of their expendi-
lures.
The millionalres choose their hob
bies and they are as various as the
wealthy men are numerous. Apart
from the expenditures required in
business these millionalres spend
more on their hobbies than they do on
themselves personally.
Pierpont Morgan is credited with
an annual personal expenditure of
about s150,000, and his average an
nual bill for paintings is about $780,
00G, not far from double what he
spends on himself His entire collec-
tions of famous paintings amounts to
200 pictures, and is valued at $10,-
600 900.
2iaN0lty DluNOg NuO AAh6iiSh
ping and iron king, has made a spe-
cialty of statuary as well as paint
ings. The Italian laws forbidding the
expectation of art treasures has had
a peculiar effect on the collection of
Mr.. Bruce. He is obliged to keep
100000 worth of statuary in Italian
cities. He adds love for pictures to
that for statuary and seldom spends
less than 100000 year for paint
ings
MIR. Carnegie's fad, as is well
known, is the public library. He Is
credited with handing out s15,000,00O
annually in putting his preaching into
practice. Last year his gifts in this
direction amounted to 100000 in
the United States. He gave in addi-
tion $5,000,000 to English workmen
and 100000 to Scotland. AS he is
now giving away good deal more
than his income, which Is S10,O00,O00
a year, he may be able to realize his
ambition to escape the disgrace OF
dying rich" 1t has been computed
that at his present rate of giving it
will require twenty years before he
can become poor"
An English millionaire, another Of
the three multi-millionaires who give
away most Of their income, is Mr..
Spiller, the cloth and cotton magnate.
His favorite amusement is a peculiar
one and 4. has nc DC ,hir'a. Known as q
IssJ. larry BouIarner to hT-cpoUr
children of northern English towns.
He organizes and pays for huge treats
for slum children The outings and
pleasure excursions he gives these
children cost him in the neighborhood
of 100000 year. In addition to this
he supports eight childrens hospitals
and orphanages. His hobby on the
betterment of poor children gives him
no time for any other amusement. He
lives in fashion similar to that Of a
well-to-do professional man, and
maintains but one establishment for
himself.
When the more personal amuse-
ments OF millionaires are considered,
1t will be found that yachts and race
horses take the most Of many q
wealthy mans money. 1t has been
computed that eighteen men of great
wealth-American. English and OF
other acknowledgement the larger
part Of their income on yachts. Sir
Thomas Upton is among the best
known. He spent 100000 on the cup
races alone. Col. McCalmont is an
other Englishman, rival Of Sir
Thomas, who spend fortune on the
water. Aside from the royal yachts
men of Europe, 1t has been estimated
that the eighteen millionaires inter-
ested in this sport spend about $780,
100000 a year on their craft, and
that the value of the yachts foots up
to 100000.
Fifteen millionaires spend their !
money on racehorses. In this the
American dgain leads, and there are
two American turf millionaires to one
English. Lately the Americans have
had about their own way on the
English turf, as a result OF their ex-
penditures on racehorses. There ia
some profit for the successful in turf
expenditures and big losses for the
unsuccessful.
Some Resemblance.