Rensselaer Republican, Volume 21, Number 7, Rensselaer, Jasper County, 18 October 1888 — Sons of Millionaires. [ARTICLE]

Sons of Millionaires.

Providence Journal’s New York Letter. The news that the heir of a millionaire Harried George Law has jnst giveil away ~ $13,750 worth of diamonds to a lot of barroom loafers, fighters and ruffians, has made a great sensation here and has newly armed those who hold that what one generation saves is spent by the next. One of the Schuylers shot himself recently because the maternal pile ran out. Berry Wall is another instance of the tendency of sons to scatter quick-, ly what their fathers raised by patient anywherq from $1.50 to $2. Now, a main-gpring to a jeweler costs little more, all told and set, than 25c. Then there is the extravagant price that is always demanded for cleaning a watch. Few jewelers ever charge less than $1.59 for such work. The time usually taken in doing this class of work is not more than from a half to three-quarters ofjan hour. The main-spring itself costs on an average about Bc. Then there is an enormous profit made -on watch crystals. The standard price for them is 25c each. The jeweler buys them by the gross er in lesser quantities for 20c per dozen.