Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1905-10-14
SAVINGS OF ROYALTY. :.
How European Rulers Put Away
Money For Rainy Days.

How European Rulers Put Away
Money For Rainy Days.
IT will no doubt astonish a large
number Of people that kings ana
queens, like poorer mortals who have
the gift Of prudence, are, with few
exceptions, as economical as is consist
snt 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 marc 20, and that to spend all
their income a. they got 1t Is just a.
great folly In themselves as In their
subjects. The late Queen Victoria was
one OF the thriftiest Of monarchs. ana,
though her will has never been for
the public eye, there Is reason to be-
lieys that the fortune she left was
very large one.
The modern king Is as rule very
practical gentleman. or some II 10
not too much to say that they DO not
place implicit confidence In the nation
Of which they are the head. or nearly
all of them It IL certainly true that
they do not put all their eggs into one
basket.
Every year the present car and CA
rina of Russia intrust large portion
of their private savings to the British
and French national banks. Alexander
IL. grandfather Of the Emperor Mich
olas. was economical In high degree,
and the money he saved is said to have
run well into four millions sterling.
BY his will he left legacies to various
members of the imperial family. when
| swallowed up q third Of his vast Tor
tune, the remaining two-thirds Deing
given to a lady of the court who had
welded the sovereign without mount
Ing the throne. AS this lady was NOT
Of the royal line, 1t was impossible
that she could be recognized as EN-
press, and the legacy Of two-thirds OF
the monarchs fortune was the COM
pensation Alexander accorded to his
morganatic spouse.
Alexander III. during his compare
lively short reign also saved a con-
siderable fortune, and this he left by
will TO the present Queen Alexandra.
Mt the time Of his death Princess OF
Wales.
King Leopold Of Belgium has uni
versal reputation, and not an enviaels
one, as Leopold & Co., rubber mer'
! chants. He founded the Kongo Free
State. of which he Is the sovereign
lord and which RENTS to him every
year thousands upon thousands OF
pounds sterling, derived from the nat
ural products OF the country. lie is
one of the largest rubber and ivory
dealers In the world. he is also one
of the cleverest Of f1nanciers and
knows his way about all the bourses
Of Europe.
King George Of Greece is also an OLD
financial hand. He speculates largely
in agricultural products, follows care
fully all the fluctuations Of the imam
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 anc
kept as few servants about her as pos
sible. She constantly revised the &C
counts of her husband and succeeded
in making important reductions In hi'
expenses. The Bank Of England re
ceived her savings. and there is Gu
rious story about the refusal Of bel
benefciaries to pay the British success
sion duties, q refusal which gave thu
governors Of the bank a great deal o.
trouble before the matter was ad
justed.
The monarch who has the least con
fidence in the financial stability OF nj
own country is the sultan OF Turkey
He declines TO trust any Turkish BAN
with a farthing of his savings. tn
latest part Of his fortune, and 1t j
said to be not small despite the fac
that his country is in a chronic stat
of bankruptcy, is deposited in Britis
banks. In Paris they say that ever
quarter a special messenger, fanke
by a suitable escort. leaves London 70
Constantinople to carry to the suita
the interest on his deposits. 1t - no
generally known that the sultan OWE
one of the biggest streets OF Constar
tinople and has a sugar plantation l
the Indies.-London Answers.