The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1902-08-19

to have his department of phllan-
thropy nowadays. But they can have
a small house in town, one or two
more in the country, can entertain
creditably if they no no entertain too
often, and can live-if they are pru-
dent-free from the rharassments OF
money-cares.
The quickest way to get at the rea-
son for this curious state of affairs
that may seem to many a ~famboyant
lest rather than a c~onservatively pre-
scented reality, is to look at the life of
the typical New York multi-million-
aire of the e~xtravagant class. There
are multi-millionaires, scores of them,
who do not belong in this extravaganza
| class; but there are not so many out
side of it now as there we're FIVE years
ago.
THE TYPICAL WEALTHY NEW
Our up-to-date, disappointing, lux
~ury-teaching multi-millionaires has a
fortune which is estimated at thirty
millions, but is ten millions more OF
less in the widest fluctuations of the
| stock market. His income is about
a million and a half a year, but he
usually spends three-quarters of a mil
lion and relies upon speculation to
put him in funds for extraordinary
expenditures, such as a new house, a
large gift to education ar charity, a
large purchase of pictures or jewels.
As human beings compare them
selves only with those in better circum
stances, he counts himself poor rather
than rich-his fellow-citizens, the Oil
King and the Copper King and the
Steel King and the Sugar King and
the Tobacco King and the Real Estate
King, ETC., ETC., are what he calls rich.
He thinks he is unlucky rather than
lucky, and he shuns men of smaller
fortunes and no fortune unless he has
known them long, because he suspects
that he is usually sought with a view
to exploitation-and he is not far
from right. He thinks he is opposed
to ostentation, and severely criticises
his neighbors and loudly lauds frugal
ity.
He has a wife who is forty-fve years
old and passes for thirty. They have
a son who has been out of college four
years and, after learning enough of
business to supervise a fortune, has
settled down to the life of a gentle
man.; a daughter who came. out last
winter and who is being guarded by
her mother, her companion, her aunt
and her sophisticated self against the
wiles of fortune-hunters wearing Gu
pid's livery; a son who is a sophomore
at Harvard: a daughter nine years
old.
HOW THE MILLIoNAIRE's FAMILY
TvE
They have three fixed and six or
seven temporary residences.
First, there is the palace in Fifth
Avenue where the family is united for
a few weeks in each year. 1t is closed
from the first of June until the first
of October, and when the various
members of the fanny make flying
trips into New York they take a suite
at the Waldorf-Astoria or Sherry's.
Second, there is the cottage" at
Newport, about the same size as the
palace in Fifth Avenue. Most of the
family usually spend the greater part
of the summer there. Third, there is
the large, new house on Long Island,
twenty-five miles from New York,
where several members of the family
spend part of the spring and the fall.
Luxurious New Workers are becom-
ing more and more susceptible to the
changes of season. They are emulat-
ing, though as yet at a distance, the
smart set of JuvenaTs Rome, with
their summer and winter finger rings.
Our family have a small house at a
fashionable place in North Carolina;
the mother and eldest son go there for
part of February and March. They
have a thousand acres and a comfort
able house in the Adirondacks-the
head of the family likes to shoot and
fish. They have a place in the Berk-
shire Hills-but they do not go there
now, and they are thinking of selling
it. The wife has an apartment in
Paris-she must be sure of comfort