Waterbury evening Democrat., 1905-06-27
SAVINGS OF ROYALTY.
How European Rulers Put Away
 Money for Rainy Days.

MOuey TOT hdlny Lays. It will no doubt astonish large number of people that kings and queens, like poorer mortals who have the gift of prudence, are, with few ex- captions, as economical as is consistent with their high position, and every year put by some portion of their saw ings for rainy day.
 Better than anybody else, perhaps. monarchs know that it is money makes the mare go, and that to spend all their income as they get it is just as great folly in themselves as in their subjects. The late Queen Vic toria was one of the thriftiest of mon archs, and, though her will has never been for the public eye, there is req son to believe that the fortune she left was a very large one.
 The modern king is, as rule. very practical gentleman. Of some it is not too much to say that they do not place implicit confidence in the nation of which they are the head. Of nearly all of them 1t is certainly true that they do not put all their eggs into one basket.
 Every year the present czar and czarina of Russia entrust large DOT tion of their private savings to the British and French national banks Alexander II, grandfather of the Elm perOr Nicholas, was economical in a high degree, and the money he saved is said to have run we'll into four mil lions sterling. By his will he left lega- cies to various members of the i'm perial family, which swallowed up Il third of his vast fortune, the remain ing two-thirds being given to lady of the court who had welded the sov- ereign without mounting the throne. As this lady was not of the royal line. it was impossible that she could be recognized as empress, and the legacy of two-thirds of the monarch's fortune was the compensation Alexander ac- corded to his morganatic spouse.
 Alexander III during his compara- lively short reign also saved a consid- erable fortune. and this he left by will to the present Queen Alexandra, at the time of his death Princess of Wales.
 King Leopold of Belgium has a uni. versal reputation, and not an enviablc one, as Leopold X Co, rubber mer- chants. He founded the Congo Free State. of which he is the sovereign lord. and which remits to him every year thousands upon thousands ef pounds sterling, derived from the nat ural products of the country. He is one of the largest rubber and ivory dealers in the world. He is also one of the cleverest of flnanciers. and knows his way about all the bourses of Europe.
 King George of Greece is also an oll financial hand. He speculates largely fin agricultural products. follows care fully all the fluctuations of the finan- cial markets. and is assiduous in put ting his money into good things.
 The late empress of Austria placed on deposit two-thirds of her allotted revenue. She was very economical and kept as few servants about her as possible. She constantly revised ths accounts of her husband and succeed. ed in making important reductions in his expenses. The Bank of EnglanI ItCflNtu ufE rhfiukr. anu lnfft IN I curious story about the refusal of he. to pay the British sue cession duties. a refusal which gave the governors of the bank great'deai of trouble before the matter was ad justed.
 The monarch who has the least con- fidence in the financial stability of his own country Is the sultan of Turkey. He declines to trust any Turkish bank with a farthing of his savings. The fattest part of his fortune. and 1t is said to he not small. despite the fact that his country ia in a chronic state of bankruptcy. Is deposited in British banks In Paris they say that every quarter a special messenger. fanked by a suitable escort. leaves London for to carry to the sultan the interest on his deposits It is not generally known that the sultan owns one of the biggest streets of Constanti- nople. and hss s sugar plantation In q L ~l