Omaha daily bee., 1910-12-24
RAISED WITH GOLDEN SPOONS
What it Costs to Bring Up the Chill
dren Of the Rich.
SOME RECENT EXAMPLES CITED
Estimates Presented In Court Cause
staid Judges 70 Mediate and
whittIe-severn1 New
York Exhibits.

ouery-How much should a rich child
have 20 be brought up property
How much should trust company allow
20 a voungster who inherits millions, the
aforesaid company being executor. guar
dian and trustee all rolled into onef
How much more does rust company
know about the proper sum for young
girl-or a boy, for that matter-than II
does about the satellites OF jupiter
And suppose that the trust company puts
Il UP to tho oourts-what then? What does
the Judge know about the requirements
and necessities Of rich children7 And what
proportion OF its household expenses should
a child who some day viii come into
millions already willed7
Such Is the problem which has been CON
fronting Surrogate Edgar jackson OF
Nassau county. New York. just as Il has
confronted 90 many other legal tribunals
before. The trust company wants 10 know,
too, for Il has all kinds OF money ready
at q moments notice for the infant II
only the court will allow II to pay the
amount
Twenty thousand = year is not too much
for my child" says Mrs. AdOlph Laden
burg OF the Meadow Brook Hunt colony
and New York in making her application
for her daughter, Miss Eugenia, now Is
years old.
They expect to be in Europe for ten
months OF 20, and Miss Eugenia must have
the money Under her fathers will the
girl was made the ward Of the Central
Trust company Of New York. She was his
only daughter and she shared the estate
Of the late Adolph Ladenburg. q Wall
street millionaire, together with her
mother. But she wRs not TO get the money,
OF course, until she was Of age.
When her father was drowned from an
ocean steamer little Miss Ladenburg was
barely out OF baby dresses. So the money
went TO the business-Hke financial cor
poradon which cared nothing for saddle
horses or lessons in Italian or music OF
trips to Europe or porcelain-filled teeth or
any Of those other little necessities Of the
children Of the rich. AS they took II. their
Job was to let her have enough for food
and clothes and save up the rest until she
came OF age at Is, when they could turn
/ over the entire fortune TO the young lady
now come OF legal age and capable OF car
ing for her millions herself.
But Mrs. Ladenburg has other ideas.
She wants her daughter TO be brought up
with all the Injuries that are necessities
TO a child OF a rich man. Why handicap
her when she has hundreds of thousands
in bank7 Therefore the case in court.
Mrs. Ladenburg. through her lawyers, has
! turned in q written estimate OF her dAugh-
ter's necessities-t2O,O0o year is less than
II viii cost TO bring up her daughter in her
position socially. Sixteen-year-Old Miss
BugeniH, II she 10 to have the advantages
Of others Of her own wealth and social
position, needs money.
Coming Down to Figures.
The court wanted particulars. Mrs.
| I'D
many children whose fathers and mothers
are richer than Mrs. Ladenburg or her
dead husband. But their fathers are not
dead, and 80 their expenses need not be
passed upon by q court OF law. But here
Is Mrs. Ladenburg with fAtherIess dAuEh-
ter who has millions and needs part of the
income OF them to bring her up as she
ought to be brought UP. So this is her
estimate of what II should cost to care
for Miss Eugenia, aged 1s. for one year:
| Passage TO Europe and return for F,u-