Money-making men; or, how to grow rich — John Shaqi
Money-making men; or, how to grow richRitchie, J. Ewing (James Ewing)
General
Money-making men; or, how to grow rich
Ritchie, J. Ewing (James Ewing)
Rich people -- Biography
Money-making has its disadvantages. There was a Lord Compton, who ran
away with a rich citizen’s daughter—I refer to Sir John Spencer, to whom
there is such a fine monument in St. Helen’s, Bishopsgate. When the
nobleman became, by the death of Sir John, possessor of his fortune, it
is reported that for the time his lordship became stark staring mad, and
had to be confined. And this reminds me, that City men, who are
considered “warm” in a worldly point of view, are apt to make great
mistakes as to getting their daughters married. It is not unfrequently
that they allow cash considerations too much to interpose, and thus many
an advantageous marriage is frustrated. It is not what a man has, but
what a man is, that is the true test of character; and a citizen who has
well feathered his nest, and who thinks of the store laid up in his barn,
and of his cattle, and sheep, and other substance, is too apt to overlook
the fact, that a clever man, even if he be poor, may become rich and
great. In the life of the Claytons we have a case in point relating to
the late Lord Truro. “When a young man, and beginning his honourable
career, he formed a strong attachment to an amiable and elegant lady, the
daughter of a merchant in the City, and a member of Mr. Clayton’s church.
His offer, as a suitor, would have been responded to by the lady, but met
with a stern and inflexible opposition from her father, on the ground of
the pecuniary inequality that there appeared between them; and thus the
City merchant lost a lord for a son-in-law.” One money-making City man
is to be specially remembered as a warning to rich capitalists as to how
they make their wills. I refer to Mr. Peter Thellusson, the banker. At
the age of threescore-and-ten, Mr. Thellusson found that he was the owner
of £6,000,000 in hard cash, besides an annual rent-roll of £9,500. This
was not enough for the ambitious Peter; and hence that wonderful will,
which was such a fortune to the lawyers. He left about £100,000 to his
wife and his three sons and daughter; and the rest of his fortune,
amounting to more than £6,000,000, was conveyed to trustees, who were to
let it accumulate till after the deaths, not only of his children, but of
all the male issue of his sons and grandsons. After that event, the vast
property, with its accumulations at compound interest, was to be given to
the nearest male descendant who should bear the family name of
Thellusson, and then the great mountain of accumulated wealth was to be
divided into three portions. It was a fine will for the lawyers. In two
years after Peter Thellusson was gathered to his fathers; two bills had
been filed in Chancery impeaching the will—the one by his wife and
children, the other by his trustees; and the litigation lasted for sixty
years. The wife of the millionaire died, it is said, of a broken heart;
and the Court of Chancery so clipped and pollarded Peter Thellusson’s
Public-domain text, read in full here on John Shaqi.
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