Detroit evening times. (Detroit, Mich) 1921-1958, 1943-10-31

MAJ luiNltSS purse WIKI "A GENE WHOSE Jpb
w was 70 see that it actually becomes
nlIer the more you spend
Il sounds like something out Of the Arabian
Nights. but according 10 prosaic court records,
rlst such purse belongs 10 a 10-year-old
American boy
And what delightful things pour ont Of it,
Houses automobiles chauffcurs maids sail
boats shetland ponies radios movie cameras
miniature trains toy airplanes. There are also
trips % Carolina in the winter and Maine in
the summer. Candies, toys, enhancing picture
books. In fact, practically everything any boy
could desire.
Best OF all, after all these things have been
bought, the magic purse is still filled TO the
brim fuller, in fact than it was before
The revelation that such fairy.tae for
tune exists in modern America came few
weeks ago when the Safe Deposit and Trust
Company OF Baltimore filed a guardians ac-
count IN Baltimore Orphans Court on behalf
Of little Christopher Smith Reynolds, son Of
Libby Holman, the famed torch songstress
and tho late Zachary Smith Reynolds, ill
starred heir 10 tobacco millions
The accounting disclosed that during the
past year the tidy sum OF $50 ,333. 2S had been
spent for Chrstophors support, education
and recreation"
A little arithmetic shows that this amounted
10 daily expenditure Of approximately 1856
quite a sum, it must be conceded, for a 10
year-od boy TO spend every twenty-four hours
But did this LAVISH outlay make n dent in
the magic purse of little Topper" as Chris
TOPPER is called by relatives and schoolmates?
Far from it. Instead he was $4,000 900
richer at the end of the year than at its start
OF this huge sum, 1882 22S was in the form
Of income from the stocks bonds and trusts
Topper inherited from his father.
Aad IN aofr
means that every day lucky Topper took 1886
out of his purse four times that much-S1 DAT,
TO be exact-poured into it.
But this wasn't all During the same
twelve months. Toppers fortune. which
amounted TO So 594 500 when the year started
increased by inheritances of S2402, ISL.
Under the circumstances, 1t would be diff
cult for anyone to complain that Topper" was
guilty of extravaganza.
How does he spend the money?
For one thing he must pay his share of
the upkeep of mansion in Stamford Conn,
which he occupies with his mother and his
stepfather, Capt. Ralph d. Holmes.
When he goes to the theatre, as he does
quite often he pays for his own seat, which,
of course, is a choice one in the orchestra.
II he feels so inclined. he can even treat
his pretty and talented mother to a first-night
or dinner anywhere he chooses.
And, when birthdays and Christmases roll
around, he doesn't have to break open piggy
bank TO finance his gifts to his Mummy. He
can give her a diamond necklace.
Not that his Mummy can't afford such
pew-gaws herself AS a matter Of fact, she
has close 10 a million dollars of her own,
awarded her in the settlement of the Smith
Reynolds estate.
How does one go about acquiring a purse
like little Toppers? Well, in all magic lore,
the first and most important step is to have
a capable fairy godmother, or, better yet one
Of those woodworking genii of Arabian
Nights fame
In Toppers case, the role Of genie is taken
by the trust company which has acted as his
financial guardian since he was three years
old II has been this companys job. besides