New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-17

ios' lhrant OF Spain, pleGging at the Mont de
Piete at Milan for a few hundred dollars the
jewelled insignia of the Order of the Golden
Fleece which had once belonged TO F,mneror
Charles V; ex-King Milan pursued by his cred
itors and posted for the non-payment of his chm
debts at Paris Queen Isabella and Il number OF
Other royal ladies reduced TO sell their most
precious jewels by public auction. Emperor Dom
Fedro arriving at Lisbon after the loss of his
hrazihah throne. not merely penniIess but
without even o change of clothes. and ore OF
'ne sisters OF the late King Francis OF Spain
actually dying in Paris. alone, In want. and
without the money either fo~ proper food NJ
medlcai attendance. Indeed. the financial re-
verses Of these and MANY othar avno.-,,,
scions Of royalty and their extraordinary viois-
STUDIES in connection Herewith have furnished
the theIHe to many a novelist besides the late
Alphonse Daudet. and columns upon columns
could be written about the pathetic incidents
ana romantic episodes with which thew abound
hach monarch is therefore justified in max
ihs proper provision against eventualities such
as 'hese not only fer himself. but likewise for
me members Of his family. since their monetary
troubles are calculated to affect the prestige Of
the house to which they belong: and this MO-
vision can best be secured by avoiding all nm
necessary extravaganza. by setting aside everv-
thing that can be eoonomized and by sending
these savings abroad for safekeepirg. for IL
they are invested in the country over which the
sovereign In question reigrs he is liable t. have
MS property confiscated in the event of the loss
OF his throne. This is what happened to King
Louis Philippe and to his sons after thew had
been driven from France by the revolution Of
1913 all their estates being seized and held by-
the revolutionar@ government. The same fate
overlook the King and Queen of Naples while il
was only after number Of years that the for
mer Grand Duke of Tuscany was able TO OBJ
tain from TIE Italian government sum of
money in compensation Of his private estates
which il had appropriated when he was driven
from the throne a little over forty years ago
InSeed Chant;lly was only saved by It's timely
transfer 20 syndicate Of English hnanciers.
who held +: for the Due d'Au1nale during the
twenty years c. that interviewed between the
conGscation Of Ire Orleans property and the
overthrow of the second Napo,eonic empire
Queen Christina Of Spain who Inherited very
large fortunes indeed. both from her urcle the
late Archduze Albert Of Austria and from her
mother the late Archduchess Eliza beth has i'm
portant sums lodged in English banks and In
vested in British securities this feet having
been brought to light just before the Spanish
American War by the Carists. who had man
papers OF an analogous character belonging to
the Queen. ard stolen between Irun and Madrid
from one of her messengers his way back
from London and Paris. where he had been in
connection with her financial affairs. King
Hurlbert had good deal OF money confded TO
the care OF the Bank OF England. and il may be
assumed that his son, King Victor Emmanuel.
who is much more thrifty, has followed his
ample in this respect. with the object Of assur-
ing the future of his two little girls and of their
mother while the questions which were raised
in the English courts during the twelve months
that followed the demise OF Alexander III or
Russia by the British Internal Revenue authori-
ties in connection with the succession duties
demonstrated that the late Car was in the habit
Of keeping very large sums in the Bank Of Eng
land.
Many European soveregns are known 20 have
made bIg Investments in this country in land.
buildings ard especially in railroad securities
Indeed. some years ago very interesting list
was published of the holdings ut that period OF
foreign rulers In American railroad concerns.
the nrt sent Gar being credited with being big
stocIkholder in ,he Pennsylvania Railroad. while
the preferences Of the late Queen Victoria
seemed to be for The NewYork Central Money
thus placed is virtually safe from any OF those
dangers. moro or less remote. to which it would
curities at home.
Tho 1,te Queen Victoria saved for the benefit
of the children Of her younger son. the Duke OF
and for the families of her daush-
ters. well aware that Parliament would be re-
luctart to make any provision for them. and II
is thanks to this that Princess Alice. daushte-
OF the late Duke Of Albany and grandchld of
Queen Victoria will bring 10 her future hus-
bard Prince Alexander OF Teck. o marriage por-
ton sufficiently large to render them both finan-
riaily independent. 1t viii be difficult to obtain
from Parliament any annuities for the offspring
Of the younger children of the sovereign. and |
Queen Victoria had this in mind throughout her |
long reign and managed to render them indie |
pendent in a financial way from the treasury. |
True. when the English relgnins family surren- !
1ered to the state all the immense crown prop
arty II was on the express understanding tina. |
The government should make not merely ade-
1uate but liberal provision for the sovereign |
and for all the members of the roya! family. |
The property thus surrendered is to-day so vail |
liable that it yields = revenue several times !
larger than the entire civil list. Yet every ap- |
plication by the crown to Parliament for !
allowance for or another member OF the |
-eigning family has invariably led to acrirnoni- |
ous debate In the House OF Commons and 20 !
discussions in the press OF nature 70 impair !
the prestige OF the monarchy in the eyes OF the |
people. who cannot APPARENTLY be brought to re- |
,all the fact that they made magnificent bar |
gain ana that the annuities demanded for ths |
princes and princesses OF the blood are not |
much charity on the part Of the taxpayers. but |
merely the payments legally due by the terms |
If a contract most advantageous to the nation.
In Prussia in Russia and in Austria. where !
TIE monarchy has wisely retained possession of |
the crown property. tie sovereign allows a GER
Tain annuity to the members Of his family. ,