The daily morning journal and courier., 1905-07-22
SAVINGS OF ROYALTY.

How European Rulers Put Away for
 Rainy Days.
 It will no doubt astOuish a large mum ber of people that kings and queens like poorer m0rtals who have the gift of prudence, are, with few exceptions, as economical as is consistent with their high position. and every year put by some portion of their savings 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 a folly in themselves as in their sub- jects. The late Queen Victoria was one of the thriftiest of monarchs, and, though her will has never been for the public eye, there is reason 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 tenn it Is certainly true that they do not put all their eggs into one basket.
 Every year the present Czar and Czarina of Russia intrust large DOT ton of their private savings to the British and French National banks. Alexander II, grandfather of the En- peror Nicholas, was economical in a high degree, and the money he saved is said to have run well into four mil- lions sterling. By his will ne left lega- cies to various members of the imperial family, which swallowed up third of his vast fortune, the remaining two- thirds being given to q lady of the court who had welded the sovereign 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 accorded to his morganatic spouse.
 Alexander II during his comparative ly short reign also saved considerable fortune, and this he left by will to the present Queen Alexandria, at the time of his death Princess. of Wales.
 4Nll4S l<GppOli OI IoC15AhliA iLAelS 1 OlAA- Versal reputation, and not an enviable one as Leopold 6 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 of 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 financiers, and knows his way about all the bourses of Eu- rope.
 King George of, Greece is. also an old financial hand. He speculates largely in agricultural products, Follows eare- fully all the fluctuations of the finan- l cnal 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 pos- sible. She constantly revised the ac- counts of her husband and succeeded in making important reductions in his l expenses. The Bank of England re- ceived her savings. and there is a cu- rious story about the refusal of her beneticiaries to pay the British success sion duties, a refusal which gave the governors of the bank a great deal of ! trouble before the matter was adjusted.
 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 it is said not to be small, despite the fact that his country is in a chronic state of bankruptcy-is deposited in British banks In Paris they say that every { quarter a special messenger fianked by | a suitable escort, leaves London for Constantinople 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 Constan- tinople and has sugar plantation in i inc T0diac