His habits were of the best.He went to bed at nine o'clock,and was up before six.At seven he was at his office.He knew enough to eat sparingly and to walk,so he was never sick.
Millionaires as a rule are woefully ignorant.Up to a certain sum,they grow with their acquisitions.Then they begin to wither at the heart.The care of a fortune is a penalty.I advise the gentle reader to think twice before accumulating ten millions.
John Jacob Astor was exceptional in his combined love of money and love of books.History was at his tongue's end,and geography was his plaything.Fitz-Greene Halleck was his private secretary,hired on a basis of literary friendship.
Washington Irving was a close friend,too,and first crossed the Atlantic on an Astor pass.He banked on Washington Irving's genius,and loaned him money to come and go,and buy a house.Irving was named in Astor's will as one of the trustees of the Astor Library Fund,and repaid all favors by writing ''Astoria.''
Astor died,aged eighty-six.It was a natural death,a thing that very seldom occurs.The machinery all ran down at once.
Realizing his lack of book advantages,he left by his will four hundred thousand dollars to found the Astor Library,in order that others might profit where he had lacked.
He also left fifty thousand dollars to his native town of Waldorf,a part of which money was used to found an Astor Library there God is surely good,for if millionaires were immortal,their money would cause them great misery and the swollen fortunes would crowd mankind,not only 'gainst the wall,but into the sea.Death is the deliverer,for Time checks power and equalizes all things,and gives the new generation a chance.
Astor hated gamblers.He never confused gambling,as a mode of money getting,with actual production.He knew that gambling produces nothing--it merely transfers wealth,changes ownership.And since it involves loss of time and energy it is a positive waste.
Yet to buy land and hold it,thus betting on its rise in value,is not production,either.Nevertheless,this was to Astor,legitimate and right.
Henry George threw no shadow before,and no economist had ever written that to secure land and hold it unused,awaiting a rise in value,was a dog-in-the-manger,unethical and selfish policy.Morality is a matter of longitude and time.
Astor was a member of the Dutch Reformed Church,and yet he lived out his days with a beautiful and perfect disbelief in revealed religion.
He knew enough of biology to know that religions are not ''revealed''--they are evolved.Yet he recognized the value of the Church as a social factor.To him it was a good police system,and so when rightly importuned he gave,with becoming moderation,to all faiths and creeds.
A couple of generations back in his ancestry there was a renegade Jew who loved a Christian girl,and thereby moulted his religion.When Cupid crosses swords with a priest,religion gets a death stroke.This stream of free blood was the inheritance of John Jacob Astor.
William B.Astor,the son of John Jacob,was brought up in the financial way he should go.He was studious,methodical,conservative,and had the good sense to carry out the wishes of his father.His son John Jacob Astor was very much like him,only of more neutral tint.The time is now ripe for another genius in the Astor family.If William B.Astor lacked the courage and initiative of his parent,he had more culture,and spoke English without an accent.The son of John Jacob Astor second,is William Waldorf Astor,who speaks English with an English accent,you know.
John Jacob Astor,besides having the first store for the sale of musical instruments in America,organized the first orchestra of over twelve players.He brought over a leader from Germany,and did much to foster the love of music in the New World.
Every worthy Maecenas imagines that he is a great painter,writer,sculptor or musician,side-tracked by material cares thrust upon him by unkind fate.John Jacob Astor once told Washington Irving that it was only business responsibility that prevented his being a novelist;and at other times he declared his intent to take up music as a profession as soon as he had gotten all of his securities properly tied up.And whether he worked out his dreams or not,there is no doubt but that they added to his peace,happiness and length of days.Happy is the man who escapes the critics by leaving his literary masterpiece in the ink.
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