Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-16
TEN YEAR OLD HEIR.
Of F.W.MATTH|ESSEN.
HAS LARGE INCOME.
PHILIP CHANCELLOR JR. WANTS
TO BUY LIBERTY BONDS WITH
s4co A DAY PROFIT OFF GRAND.
FATHERS ESTATE.

following story 10 relate about the
son of DR.. Philip {. Chancellor. now
major in the American army
Young Chancellor is the grandson OF
r W. Matthiessen of La Sale, whose
estate last Saturday paid s'77,9S9.35
inheritance tax into the county treas.
urers office at Ottawa. The boy was
one of the four heirs to Mr. Mat
thlessen admitted S1,O00,ruO estafe
The Times says:
what would you do il you were ONLY
III years old and somebody left YOU a
million and a half dollars all In a
lump! True, you probably would not
nave the spending OF The principal I'm.
I'll you became OF age, but If the trus.
ices believed you moderately trust
worthy and intelligent you might be
allowed to direct the expenditure ot
the income, subject to their approval
Judlciously invested, 81 800 900 can he
made to produce easily an income Of
sl1'ooV month. This sum is abou
sioO day. II l0-year-old bow is
allowed to be awake fifteen hours =
day this would amount to some s26.Gi
an hour, or S4t4 minute. or a cents
second for every second that he is
awake.
Could you spend at the rate OF six
OTIS Second-if you were ONLY lnI
years old? Not throw it away nor
squander it foolishly on bales Of All.
day suckers, wagonloads of tons
candy by the short ton or even an au.
tomohile every third day but spend
II judiciously and get your money
worth"
There is such a boy in southern
California and the Times has aske
MN the question. In The following is
his answer:
10 be perhaps the weathiest little |
boy in California has not in the leas
spoiled Master Philip Matthiessen
Chancellor 1o-year-old son of Major
Philip {. Chancellor of Montecito ana I
nntlI lately of Camp kearny
Ills grandfather was the late Fret |
erick W. Ma,thiessen of La Sale. ILL.,
and ne has left him 1900, 600
/ don't want all that money" he
answered when informed of his large
legacy. Then his face frightened ana
ne declared that he would invest tn
entire amount in Liberty Bonds
Few days later Philip was aske
what he most desired to be now thar
ne mas such a large fortune. He ba
an income very close TO $4,000 a
month, This figures ont about si00
DAY or something like Is cents for his
every waking second
J want to be as good and as pure
as my mother was; as kind and ge J.
erous as my grandfather was and a
public-spirited as he and as brave and
patriotic as my father" was his onicl,
rejoinder Il don't want to be NUT:
and think I'm better than most folks
| don't want to be anything eycent
simon pure American.
My father tells me that patriotism
Tor ones country and love for its in
situations is the noblest trait men and
women can possess | want that trait
| think the Stars and Stripes the most
beautiful FLAG thN floats and like my
father | want to be working and
hshting for that flag if necessary"
Is An Athlete.
fhlllp Is shown here in his athletic
SUIT. lie won laurels at the Hicks
schooi az Santa Barbara. He is a real
boy through and through. He is az
home with the Indian clubs, can put
over a 2Oo-yarl dash or broad mmp
ana loves the manly sport of boxing.
lie knows the science OF the game. is
quick with his mitts, and can drive a
iett or right with the proper amount !,
or boylSh steam back of each punch
This little boy with larger financial
problems before him than most men
face, loves the outdoors and hi,
horse. rod and reel aud gun are favor.
lite companions. He has a fondness
Tor boating and swimming and has
boys eagerness TO travel in hydro.
plane l
During the school year he rises
~ the stroke of in the morning, nor
because he Is fond of early rising bur
It's the rule Of his school. He take. :
an invigoratins plunge, looks after
the needs of his horse. his dog and
pigeons, and then prepares for break
fast
Several hours study releases him .
for horseback ride. swim or what. II
ever else suits his fancy. After din
ner his place is in the circle of
schoolboys around the head masters
table where he listens to the latest :,
news Of the world. then a reading and ~,
after that he joins in a general discus. 70
sion of what has been read. o,
Would Be Adventurer. -,
Just like the healthy American boy N
lie Is Philip has his day dreams, anG d,
hey picture to him the life of the 49,
amp fire and the chase, sXciting con.
es.s in the wilds shooting rapids IN
ark canoes. hunting bears and wild
urkeys and even sealping an Indian -,
lr two .