The Montgomery advertiser., 1908-10-11
KING EDWARD OUT OF DEBT.
How the Burden Game and Wen4-.
 Honniar Man.

How the Burden Game and Wene-A
 Happier Man.
 Paris Letter to the New York Sun
 King Edwards good spirita says a French writer. are not to be explained merely by the diplomatic success he has won If he travels about Europe with juvenile ardor which is the envy of other men of his age. and if he has never oefore shown such amiable. philosophical equant- mity there Is a very good reason TOT M The KinG of England has become "en man. he has paid hts debts.
 King Edward was reared in e school Of strict economy. Ills father, Prince Albert, sprung from c family ef petty oerman sovsFeigns which was eompeueo 70 nahoie its money with care. trained his mouse @ thrift. Queen Victoria adopted her nus band's principles.
 Instead of saving the revsnuee of the duchy of Cornwall to form capital TOT her eldest son when he esne Of age ehe hoped to prevent him from spuanoerns this money by investing n in lana go she bought the property of sandrtnsnsn' to-day one Of the king's favorite residence. but one that has absorbed immense sums of money. ... suits of the entente cordiaie that we find this French writer ascTthing the inaeos- ednesn of the Prince of Wales solely 70 the part he had to play as the rspresen. tative of the Grown while the Queen hveo a retired life. While she enjoyed an M' come of Ss,oeo,0 ,0oo. the Prince with oniS s1oo. oo0 had to rival the style of living of men like the dukes of Devonshire. Bed- fora. WestminIstsr and Derby. who were far rtchar than he. He had also to re- ceive foreign rnonarchs on their visits. en- certain the officials of State and organize all court functions.
 For some ten years things went on smoothly enough externally while the Prince got deeper and deeper into debt. Ar length the day came when the Rotnschuds would no longer provide money for him An appeal for assistance made to Queen Vic" toria met with c refusal; her sons exera- vagance, she said. ought not to DC enooos- aged.
 It was only when the Prince threatened to throw himself on the generosity of Parliment, q procedure most dist&stexui to Queen Victoria. because she had to re- sort to it 70 often for her numerous talzli' ly, that she was moved on two occasions to provide some assistance. Then arose series of private bensfactors who either from personal devotion or worldly @mbi- lion devoted their wealth to restoring the Prince's finsnciaJ position.
 The first Of these was Sir James Mac kenxle. a man who had begun life as q working hatmaksr. He went to India in the days when the Indian Company off, ciaIs. military and civil. wore wonderfui headgear which the native princes sought to copy. Coming into contact with these princes to supply their wants in headdress- es. Mackenzie made q great fortune. Dur ing the Indian mutiny many princes tn. trusted their priceless stores of jewels to his safe keeping until peace and quiet re- turned once more.
 ona of Sir James Mackenzie's acts of A. AarNF V Trince one of the finest estates near As- cot to enable him to keep up royal style during the race week. as Queen Victoria had limited him to a very reduced pro- gram for this great society event un- fortunately, Sir James died suddenly wikh" out having the time to settle his afhalrs and without making will 90 that tne prince was brought face to face with demand to pay some s1.soO.oOO to the sx'
 This difficulty was solved by e second henefaetor Baron de Hlrsch. who assumed the responsibility of the debt The baron had already in 1890 enabled the Prince to
 a,, hanL to Kaiser William II the money ha had borrowed from his sister. the wite oS inc Emperior frederick. Soon after the Taron. too, died without arranging as 70 tbe repayment of the sums he h@d Ao- vanced .. ...,.. ..-
 Cecil Rhodes and his South African as- aoctateS were the B1FtoAo ON N~~ r,oster of the British Empire from these nsx dIfficulties. How far the Prince par tic,nated in their speculations IS known onIy to those most closely connected witn them ,,.. V-,,.-.,-
 Al last the Prince became King. Every. one expected that Parliament woulo Se orce he asked to relieve him of the heaSy burden of debt that weighed upon hlHa' Cor oueen Vivtoria had left most Of her sortune to the younger members or hsr tsrily To everyone's astonishment no Sucn rsouest was made. and the Government arnouneed that the civil list would nov pc ,norsased. The King had found another solution. -s-.A r.uaa.i
 rhree tried frtends--sir Edward CAsssA ,h. AnRIo-German financier. who had earn sA renown and wealth in Egypt; LoEo Torouhar. Governor of one ot Lonoon Srsatest banks and Lord Esher' par, nsr of Str EdWard cassers-assuneo ,ha kings debts and undertook the ea' rninIstration of his whole incoi"S' PN'"S and private .,-S .,raA in.
 They established . sinking fund sinea 'n' 7, .,,rorce polIcies, and with ther great ~ "aDc,aI opportunities realized great prot'us hv successful investments. teW year. ,h,s enersetic treatment enabled them " wine out the royal indebtedness ano IVY Cor year the balance has been m tAVos os Edward VII And that Is why EnMssu ,ul now wears the smile the Europe sHsD t,t