The evening world., 1911-04-15


world.
Another point which adds to my
pride In tho business name which my
mother has made 10 her intense loyalty
TO the land OF hor birth. She abom-
mates william waldorf Aston, the
American ex-patriats above all other
persons in the world. I want to say
that I am in full accord with her In
this respect. She would not invest In
q foreign enterpriBo II there were guar
anteed q certain thtrty-day proft OF SOC
per cent. Her patriotism has cost her
"a good many dollars. but I III sure she
has no regrets upon that score.
Born in England Himself.
81 might cite the facts OF my own
birth in England during a visit OF my
mother to that country. This has al
Ways disturbed my mother. She even
went to the trouble OF having an entry
with respect to my birth that was In
correct changed so that when ! became
OF age | could elect my citizenship ac-
cording to law. Anybody born In Eng
land Of American parents is registered
subject to his declaration on his ma
jorlty as to which country lie may
adopt as his own
A twonty-ons years OF q I sent
my declaration to England, stating that
= A'A WV w ~ go ClIA-
zen. You may be sure that my mother
did not rest oasy until I had taken my
stand for li.o under the STARS ana
Stripes.
IN giving financial assistance to any
applicant my mother Is always par
ticular with respect TO the citizenship Of
the applicant. / ave known her 10 turn
down splendid security for no other rea.
son h the knowledge OF an inter-
national marriage having previously
been contracted in his family. She has
refused to lend money because IT APP
peared 20 be on route to "A foreign noble
man. But when the applicant has been
able To snow that he intended TO use
the money In upbuildIng tho commercial
prosperity OF this country in one way OF
another, and his security has been good.
the purse strings have been Away =
loosencd.
Fellow Canal street tho modern
hrarciers looI, upon my mother as be-
hind tho times IN bor way Of doing
buusiness. Some have volunteered 10
bring me up TO date. others havo sug-
gested that 1 depart from the business
methods she has used. Maybe ! am
slow IN catching or. but I intend to
follow aloag hey !inos. II by so doing
I AM one-half as fortunate ~ she has
boon IN her opinions ana Judgments, !
viii be doing better than any fnancier
I have met sincs mailing my head
quarters here.
There IS "A deal OF misinfocnat.o0
circulated with respect 20 the income
derived from IN" large estates os the
cOurtrr. NoI may sat I. down rs an alb
s0lu'e fac; That the income d,nlaisaes
a. the size OF al estate Increases. Nhil,
sl.NN, uH might ne made TO earn + pet
cent, sl0,o00,Ou0 will barely squeeze out
. per cent. If the pu.scssur o, 500. o0.Ot
should derive 4 per cent. upon ma
wealth, he would DO exceptionally for
tunate.
Il have seen clever computation.
showing what the wealth OF John p
Rockefeller VIII amount TO n quarter OF
a century hence. These sharp ngurings
are invariably made upon a basis OF
per cent. compounded. ! havo reason tC
believe that Mr.. Rockefcller would y,
overjoyed II he was assured that hi
aggregate wealth would Yield as muct
as . per cent.
Both Mir. Rockefeller and Andrew
Carnegie have long since ceased from
focusing their intelligence upon the nc.
QUESTION OF money. They are confront
ed by a far more serious problem-that
OF getting rid Of their surplus income
without producing be ;gars, Both mer
are ~undeniably sincere In their present
efforts 20 use their surplus wealth ir
doing permanent good 20 the country
from which they derived their srei'
wealth, I ave talked long and earn
estly with my mother along this line
and whom the time comes I am sur,
that m mother will be found IN tn
fore ranks OF those endsavoring q
better economic conditions Il on
and.
II have often thought that ~ ever,
year a half dozen students fresh iron
the universities would 80 pack 10 tibet
native villages md towns as lawyers
physicians and teachers, with thei
; minds firmly made lIp t. lose no oppor
: tunitY 10 sneak or TO live In favor o
/. the right. determined to snow thei
y colors for iust4ca on avery coca sion
; there would be formed IN twenty-ny
!. years' time for the good OF the coun,r
: q new a~ristocracy which would iurus
!, new principles into our national life,
The PursuIt OF Money.
Every young man who secs nothin,
% In lie eut the pursuit OF money, an
= who has no thought Of anything els
e but vulgar pleasures he "a buy Wit