The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-07-10
GOT THEIR MONEY
FROM AMERICA
Former Citizens, ExpatriateS,
Spend Large Sums
Abroad.
TRUcKLE TO NOBILITY
SEEM TO FEEL BORED WHEN
NOT IN TILTED SOCIETY.

is a date that is looked forward to most
eagerly by several thousand people
abroad. A good many of these are mem
bers Of the nobility and gentry whose
titles have been regilded and vhoes
palaces have been rebuilt with the
money that their American wives have
brought them There are not a few men,
too. Americans who have forsaken their
native land. but who still depend upon
IL for their living.
Some Of them have become subjects of
other countries. others have retained
their United States citizenship but in
spirit are Englishmen or Frenchmen
To them America is simply the place
where their money comes from. Eu-
rope Is where they spend It. To all
these, and to many humber folk be-
mail early in July is an event OF the
utmost Importance. It brings their
semi-annual interest or dividend
Only the Bahker- Know.
Only the great bankers who make
specially OF handling the accounts OF
clients living abroad know how much
money Is sent over there every six
more than estimate the figure. but IL
must be between zoe and 900 million
dollars. Whatever the sum may be. the
bulk OF 81 will go abroad by next Sat
urday's mail. Probably there are ten
thousand expartriated rich Americans
in Europe who draw their incomes from
American industries and spend them
abroad.
Anthony J. Drexel. sr. the Philadel-
phia banker, whose son recently mar
ried Miss MajOrie Gould. is a fair sam
pie OF the American millionaire who has
not renowned his citizenship In Ameri-
ca. but who In other respects has be-
come practically an eNpatriate. He gen.
orally comes over to this country about
one week in the year, purely for bust
ness reasons. When he was In New
York last spring TO attend his sons
wedding, he took the first steamer back
to England. The boat left from Hobo
ken. and such was Mr.. Drexers ignor-
anCe OF American geography-probab bly,
acquired since he has lived abroad
that be remarked sCOrnfully that he
didn't know where HOboken was. but
supposed he would have TO find out so
as 20 get to his boat.
Lesser In fortune. but quite as distin-
guished In his acquired strangeness to
America. Is ]. J. Van Allen. Like VIII
liam Waldorf Astor, he once played a
brief engagement as a diploma list, but
as a United States minister he was so
thoroughly un-Americsn that he was
practically rcpudiated by his country
men. He rarely visits the United states.
and when he does so his speech and
manners are so ultra British that he is
only welcomed socially in the highly
exclusive set that secretly strives TO
emulate the AstOrs and the Drexels.
Mr.. Van Aliens fortune is said to be
almost altogether invested I'm stocks
and bonds whose value Is so firmly
fixed and whose dividends are so regu-
lar that not even panics affect them
materially. That is the kind OF secur-
fly that the expatriated American likes
The Bradley Martins, although thf
basis of their fortunes was laid by
thrifty ironmonger and an equally thrift
" cooper. appear also to find the
greatest pleasure In life in the society
OF tilted people abroad To them also
the 1st OF July Is a welcome day A
generation ago the Martins were iron
mar Troy and the Ehar-
mans had a cooper shop down in South
street In this city. Mrs Bradley Mar
tin was a Sherman. Despite these hum
BILE beginnings, which would have been
been in England instead OF America.
they have had fair success in breaking
into titled society in London. The prin-
cipal thing that Is required there is
not extraordinarily wealthy, have a
very large income from their invest
ments In America. a good deal OF this
comes out OF the elder Bradley Martins
heavy interest in the Metropolitan Trust
company He is the only one Of the
family ever seen in New York now.
James Hazen Hyde, who inherited his
fortune from his keen. hard-headed IA
Their who founded the Equitable Life
Assurance society. has definitely for
saken America for France He has an
nOunced that he never intends TO return
90 this country. but will end his days In
lnt lAnu Nnal ne ContA0tIS AAt OHAE Ont
worth living In notwithstanding that.
however. he does not seem to mind
drawing his income In American dol
lars. although he may shudder some
what while converting them into francs.
James Hazen Hyde never amounted to
much OF anything i'm this country. He
achieved notoriety by the extravagant
ball that he gave here to French ac-
tress. This was one OF the moving
causes OF the great life insurance scan
dal which followed In which 10 was
brought out that young Mr.. Hyde's ex-
travagances were paid for to a great ex-
tent out OF the Equitab ie's funds. Since
he has settled in Paris he has become
ultra French In his dress. His silk hat
his frock coat. his trousers and every
item Of his external apparel is of the
biza. q cut that can be found only
among the most peculiarly CARRIED Pa
risians. those who affect the utmost ex-
tremes OF fashions. He does not asso-
ciate with Americans II he can help
II and never speaks English except
when he has 10. His lawyers look aft
er HIS investments here. His fortune
Is largely IN bank and trust company
stocks.
Another American in Paris is Robert
Van Wyck He went over there oriRf-
naiiy. II Is supposed, on account OF some
matters connected with the ice trust
matters that he did not care to tell
about before the investigating commit
tee. He Is said TO have acquired a
fondness for Partisan life. and as he Is
quite wei TO do. 1t is more than prob