The Washington herald., 1916-11-04
Seen and Heard BY George Miner.

New York, Now. 3.-There are a good many
wealthy men in this city who are trying to teach
their sons the value of ST.. - One of them
planned his method to me- He is the head of
large business concern and has an income that
is probably in the neighborhood of $4,000 year.
my boy" said he, "is just beginning to realize
that ST is lot of money He never thought
81 meant anything at all. But before he
began to realize how hard it is to earn 100 cents
the CONJUNCTION was forced upon him that I am
about the meanest man in New York, even if
am his father.
"You see, he graduated from, Harvard last
spring and while there l had always given him
good allowance and practically bought anything
he wanted. He is 2I years old, and so this fall
told him he must go to work and earn his living.
: He said he would like to have a banking career
! so l got him clerkship in bank down town
He gets $40 week salary. l told him he must
pay $3. so week for his board at home and that
he must also put $3.50 each week in the bank.
The remaining So he could have to spend as he
pleased He said, Well is that for my lunch or
am l to charge account?' I told him to
spend it as he pleased, and that if he wanted to
run charge account to do so, but he couldn't
charge anything to me.
"Hc seemed to think that the s. would pay
for his lunches and started out quite gayly. Last
| summer | gave him automobile. It's one that
paid nearly $4,000 for three years ago. Up in
the country, he has been running it around all
| summer and having lot of fun with it. So we
brought it down to the city when we came to
town, with the idea that he would use it to take
him down to the bank in the morning
"A few days after. he came to me and wanted
to know where he could get gasoline. I told him
he could get it where he pleased But he said
4 want to know where you would rather I'd
buy it Who do you wish me to patronize"
81 replied that there wasn't anybody; that it
wasn't my car. sTo begin with l didn't approve
of his having in the city, but that if he
thought he could support he was quite at
liberty to do so.
But he said. I've got it at a garage
here and they're charging $50 a month for keeping
it. OF course, l can't pay that because I'm only
getting about $43 month
81 suggested to him then that he had better
sell it, that he could probably get $500 $500 for
it, But he seemed to think that was too great
sacrifice for automobile that cost $4,000 He
is now studying over the problem and he's got
to work it out for himself.
HE is certainly learning the value of 81 all
IlSnt Inc otncI Qdy, nc came 10 me ana SAID he
found that the moths had gotten into his winter
overcoat. He had neglected to put it in a moth
proof bag when he hung it up last spring and the
overcoat is useless. A would cost $50
and he pointed out then that the best thing he could
do would be to buy coat for $40 or whatever he
could raise. That boy is certainly facing some
problems of life, just now but l know it will do
him good and that in time he will to look
upon money in its true light"
This sort of schooling Of rich mems sons is
| really becoming quite prevalent in New York
Lots of young fellows who have had all the money
they wanted to squander in college being
put through course of sprouts to counteract the
evil effects that this indulgence may have caused
The president of of the largest banks of
New York, whose name is household word all
over the country has who is getting ex-
actly $I2 week and whom he makes pay him
So week for his board at home. This, OF course
is not penurious, for the bank president is many
times millionaire, but he believes it to be his
duty.
l wonder however, if it wouldn't have been a
better scheme for these wealthy men not to have
been quite indulgent with their children while
they getting education and to have start
ed the idea of frugality when they were five or
six years younger instead of suddenly springng
it on them now. In other words, what is the
philosophy in encouraging evil habits for six or
eight years and then trying violently to stamp
them out?
Tn consensus IF oDinion oft III eo,,,.-,, -. I,-.o