The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1902-10-21


Given a million a year to spend at
pleasure, find something on which to
spend 1t. That is the proposition
which is met by multi.millionaires OF
this country, England and Germany.
Il is a peculiar fact that the men
who have this opportunity choose one
thing as the object Of their expendi-
lures.
The millionaires choose their hob
bies and they are as various as the
wealthy men are numerous. Apart
from the expenditures required In
business these milAonaires spend
more on their hobbies than they do on
themselves personally.
Pierpont Morgan is credited with
an annual personal expenditure OF
about $4,000. and his average an.
nual bill for paintings is about $3.50.
900, not far from double what he
spends on himself. His entire ccllec.
lions of famous paintings amounts to
200 pictures, and Is valued at $1O,'
900, 900.
Staveley Bruce, the English ship
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 he'd
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.
Mr.. Carnegie's fad. as Is well
known, is the public library. He is
credited with handing out $4,000, 900
annually in putting his preaching into
practice. Last year his gifts in this
direction amounted to 100000 in
the United States. He gave In add.
ton 100000 to English workmen
and S10,000,00O to Scotland. As he is
now giving away q good deal more
than his income, which Is $4,000. 600
q year. he may he able to realize his
ambition to escape the disgrace Of
dying rich" It 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 peculiar
one, and 1t has made him known as q
sort Of fairy godfather to the poor
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 children's hospitals
and orphanages. His hobby on the
betterment of poor children gives him
no time for any other amusement He
lives in a fashion similar to that of q
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 It has been
computed that eighteen men Of great
wealth-American, English and Of
other ationalities-spend 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, q rival Of Sir
Thomas. who spend fortune on the
water. Aside from the royal yachts
men of Europe, II has been estimated
that the eighteen millionaires inter
ested in this sport spend about 500.
OO0,0 900 q year on their craft, ant
that the value Of the yachts foots NJ
to 55,000.0OO.
Fifteen millionaires spend theil
money on racehorses. In this thu
American again leads, and there arr
two American turf millionaires to on,
English. Lately the Americans hav,
had about their own way on thu
English turf. as a result of their ex
penditures on racehorses. There |,
some profit for the successful In tur
expenditures and big losses for thu
unsuccessful.