The Montgomery advertiser., 1902-10-10
HOBBIES OF WEALTHY MEN.
Millionaires Indulge Their Conceits
 in a Variety of Fashions.

Millionaires Indulge Their Conceits in a Variety of Fashions. f anyone has right to have hobby indulge it to the fullest extent and need not thereby impose discomfort or annoy ance upon others. There are three men conspicuous in this class who give most of their income away, the top one or the list being MT. Carnegie, who hands out $l5, 900 900 year on an average, and these last two years he has got rid Of nearly $50 OOO, 0O0-a great part Of 1t In Br1tam' but mostly in Scotland.
 His favorite teaching is that "a man who dies rich dies disgraced! His pet gifts are public libraries, which cost as a rule about S250.000 apiece. and last ye 1T he gave $5,000,00O worth of them to the United States another s, 900, 900 to work men and $10, 900, 900 to Scotland, for he is of Scotch descent himself and his peo- pie came from the northern lowlands He is even now giving away good deal more than his income, which Is $lO,OOO.VW, and If he spends his money at the same rate for twenty years he would be pen. niless at the end of that time in spite or his vast wealth.
 An English millionaire who gives away three times as much as he spends. is MT. Spiller the great cloth and cotton mag nate. His favorite way of amusing him self is to organize and pay Tor huge treats to poor children, and the little slum uWellGTS or Iu0 uOEluCIH loW hhO" him as a sort of fairy godfather
 This must cost him at least $5,OOo,OOO a year, together with his various children palaces, and he alsU pays entirely for eight children's hospitals and orphanages He lives no more luxuriously than the average well-to-do professional man and he runs only one house. his hobby being the betterment of poor children, Whlch gives him no time for other amusements-
 The third millionaire, who gives away than ha gnpndS ia A Cerman-H0Ir krupp, the famous gunmaker, and the richest man in his country.
 Yachts make the biggest holes in great incomes among the amusements of plu- jects for spending money on. for eigh- teen millionaires-Bntish and foreigr- own great yachts and spend more on them than on anything else.
 Then there Is Colonel McCalmont, who owns the Historic, which cost him twice as much as any other of his amusement5. He was easily beaten by Sir Thomas Lipton, of course, .ast year, for that gen. tleman made a hole in hAS bank account amounting to S60O0o0 over the cup races, but that was special occasion. Even among the monarchs. the Kaiser's Ho- henzollern, his private yacht, costs him ments. Altogether, leaving royalties out, the eighteen English yachting million aires spend about $20 COG. 900 a year on their craft and own about $35, 900 worth of yachts.
 Race horses are the biggest items in the expenditure of fifteen assorted million aires, the average cost to each bein g just over $4000 600, including all expenses. Some of them. however especially the wealthiest, get a good deal of this back. and the less a man needs money the more likely he Is to win 1t Is almost a rule on the turf. and last year the owner of the famous horse Epson Lad won the two most valuable races of the year, the af, ho Erinraao ..fl Wal va stakes, worth $50.000 each, apart from wagers. These twelve millionaires own over $15oOO,O00 wo th of horses. buildings connected with the sport and other rac- ing assets
 There are two American turf million aires to every British one. and lately they have had their own way a good deal with British racing. Again, there not own a race horse, and at least three who do not own a horse of any kind. Then there are six British millionaires who do more motoring than anything else. and two whose chief hobby is pri- Vate trains and railways.
 Pictures more than anything else pull down the balance of a great many in comes, and there are seven famous mill lionaires who spend more on pictures than on any other hobby. Pierpont Nor gan stands at the head, for his person ! expenditure apart from business is abo..- $150,e00 and his average annual picture bill $250OOo.
 Last January he gave $5,O00. 900 for a and last year he bought more pictures, worth altogether $25O, 600, while he seldom goes a couple of months without buying one. He owns 200 pictures in all. and them-is $1o,oOO,o0o.
 Another owner of millions, whose big gest expense is pictures. is Stavcoy Bruce, the shipping and iron king, who ual lar 1e ings and who owns besides nearly $5O1, 900 in statuarv, which, however, he has to keep in Italy, as r. was bought there and Italy forbids the exrOrtatinn of art treas ures. He is an Englishman, but Ameri- cans easily lead in picture e-buying and are rapidly gathe ring the worlds best paintings to themselves. A third giant of wealth who writes his biggest checks for pictures is stephen Gould. Who2oroke all records by buying fourteen old masters in one year, and vino is generally MT. Nor gans chief rival in the bidding for fa- nous examples.
 Even prints. which fetsh appalling prices nowadays, are the chief outlay of one millionaire, Duties Grant, who has N2,5O0,O00 and nearly $25oO,O00 worth of the rarest prints. He is the chief author ity on the subject. and it is said he has never yet been taken in. though he has bought over 200OO prints in the last fif- teen years
 There is only one millionaire who col lects stamps. or at any rate, spends money on them-that is MT. Fairbarn Of Er gland, the famous port and sherry shipper. Owning Sl5 n0o, GOO in money and bonds, he has also got together a stamp collection worth $S5,o00 on which he spends some 5000 yearly, for he does rarity. It is his only hobby. and he is probably the first authority on stamps in the world.