New-York tribune., 1904-10-09
MONARCHS IN BUSINESS.
Continued from arst page.

he has been able to do for Belgium-and Incl
dentally for himself and for hts dynasty-by
means OF his achievements I'm the realms OF trade
and industry. il is not surprising that so pro-
gressive a monarch as Emperor William should
decide upon endowng his younger sons rs far
as IL IS possible TO do so by means OF education.
with that knowledge Of industry and OF trade
which Leopold has turned to such excellent ac-
count
Another European ruler who has contributed
in 10 small degree to the industrial develop
ment Of his country is King Oscar In America
he is moro widely famed a poet. composer
and as an author than as a business man. and
yet II Is as the latter that he is best known
among his own people. There is end 10 the
number OF commercial enterprises. hotels. man
ufactories. mills and breweries. etc. In which
he is directly interested. He makes no secret
OF the matter. and seldom misses an occasion
of praising either the Grand Hotel OF Stock
holm or the beer of the st. Eric breweries in
both OF which concerns he is far and away the
largest stockholder. He is likewise an extern
sive dealer in real estate. and has realized large
profits by buying up out OF the way Sums of
the Swedish metropolis. and Transforming them
into handsome dwellings, and thoroughfares,
thereby increasing the value OF the property
many times over and at the same time contrib
uting to the improvement and welfare OF the
city
Indeed, Stockholm owes no little OF its deyelop-
ment to his intelligent enterprise which has
caused him TO be sometimes nicknarned Inv, his
subjects the Swedish Baron Haussrarr =" King
Oscar like his brother monarch. Leopod Of
Belgium. is a large stockhoIder in the Suez
Canal Company, and also induced by old
Ferdinand de Lesseps to embark considerab bic
sums in the i'll fated Panama Canal COMPANY
which. hOVaEpr bo
ever he acquired knowledge Of the true condi-
tion Of AFFAIRS. thereby escaping ths heavy losses
That overlook the other stockholders in the con-
Germ While the Queen is rich in her own right
her wealth being derived from the public gam
bunS tables which her father. the late Duke of
Nassau used TO lease in his capital at Wies-
be len to the late NJ Blanc. much in the same
way that the Prince OF Monaco now leases the
Casino at Monte Carlo to old Blanc's son and
titled sons-in-aw. King Oscar himself had no
private fortune OF his own at the time of his
succession 20 the throne. his brother and prede-
cessor having hequeathed all the property OF
which lie could dispose to his only child. n
daughter. now married 10 the Crown Prince of
Denmark Yet to-day King Oscar is reputed
one OF the richest rulers In the Old World.
DenInarks future King has shown himself to
be wonderfully clever manager Of his consort's
property. which he Is credited with having
doubled by means OF sdrewd investment in home
industries and likewise in foreign enterprises.
indeed he Is known on several of the European
money markets, notably on that of Paris. as an
exceedingly enterprising capitalist and like
wise as ready 10 participate in big deals and
financial operations. In many OF these he has
been associated with his brother King George
of Greece. who owes the foundations Of his now
large fortune In a great measure to the cO-Opera-
tion and advice Of the late General Meredith
Read. who for several years represented the
United States as Minister at Athens. 1t is the
general who is understood 10 have prompted the
King to undertake those operations in Amerl-
can grain in 1876 and 1877 which the closing OF
Odessa and other seaports of Southern Russia
TO the export of grain. owing to the war with
Turkey. rendered so extremely profitable.
King George at the time when he was elected
20 the throne of Greece was without any fortune
OF his own. and a younger son Of one OF the
poorest princes of the blood in Europe. His