The Washington times., 1906-08-05

~ HERE is one thing that i'm
presses every first visitor
20 New York, whether from
Chicago, London. Paris, or
Oshkosh, with overwhelm-
ing force. and that Is the
freedom with which money is publicly
spent IN the metropolis.
Nowhere else in the world. say all
the outside critics. Is there any such
lavish. such impudent display or
wealth; nowhere else does II cost 40
much To keep your end up" even IN
a comparatively modest way nowhere
else. save possibly IN London and
Paris, are there 50 many and such eX-
pensive ways provided for making
way with gold and silver coin and
bank notesl nowhere else. not even in
these two capitals. are there 90 many
splendid hotels and clubs, and no
where else are the bills nearly so high
New York grants all this and is
rather proud OF II. AT the same time
New York IS well aware that an
astonishing percentage OF it's extrava-
gance is due 10 the outsider. by which
10 meant both the visitor who. while
criticising the metropolis as a spend
thrift city, IS blowing IN his own
money much more extravagantly than
ne would anywhere else. and the man
who by diut OF tremendous work and.
possibly. close saving elsewhere. has
raised himself to the millionaire or
Inulti-miluonaire rank and settled
down in little old New York 20 enjoy
himself and spend as much or his
wealth as hs can.
Here again New York Is more like
london and Paris than any other set
Elements on the surface OF the foot
stool
There arc living IN New York, ac-
cording to a conservative estimate. az
least 10000 families with annual in
comes ranging from $4,000 or $40 900
upward. One estimate by an expert
places the number Of such families at
$1,000. The same expert declares that
more than half OF these families have
been New Workers. less than fifteen
years. having removed TO the metrop-
oils after becoming rich.
The American Croesuses." he said
"a day or two ago looking around him
at one OF New York's best known ho-
tels, like better 10 spend their money
here than anywhere else in the world.
and IL became the habit or the newly
made millionaire 10 make New York
his home a good many years ago"
The late Coils ?. Huntington. who
made his money IN Pacific railroad
building, was one OF the early IN
stances; Gen. Grenville NJ. Dodge, chief
engineer of the Union Pacific. was an
other; The descendants OF the Crockers.
also Pacific railroad builders. are also
now mostly New Workers.. D. O. Mills
and J. B. Haggin and the late Marcus
DAILY. who began To make their mil
lions I'm California more than a half
century ago. all had headquarters at
the metropolis as early as the sew
entities. Yerkes. who gathered his mill
lions I'm Chicago and London traction
was a New Yorker when ne died. and
there was talk that the late Marshall
Field was planning 10 own residence
in the metropolis when he died.
p. A. B. Widener. OF PHILADELPHIA.
who began in the beef business and
has since become one OF the dozen or
So greatest milHonaires through trac-
tou. has practically abandoned hts
magnificent Philadelphia nome for a
metropolitan apartment. and is o-tener
10 be seen at a certain ramous metro
poIitan hotel, where James r. Keene.
John W. Gates. and other outside New
Workers meet pretty regularly. than
anywhere else
Nor should it be forgotten that the
Rockefellers II. II. Rogers. Archbold.
and almost the entire Standard OH
crowd made most of their money away
from New York. and are spending
more Of II in the metropolis and its
vicinity than anywhere else. But
these men are all stiu active money
Eetters