Show VICTORIAS INVESTMENT How the Late Queen of England En Entered Entered Entered a Partnership With a Young Scotch Tradesman The actual actu l extent of the late Queen I of wealth and her he disposition dis o of oi it by will is sure purely family affair but It is perfectly safe to say that her savings and the earnings of her invested capital have I rolled up one of the great twentieth century cent ry fortunes It was practically after business hours or after disposing of the affair affairs of state that the queen gave time and thought to her private property but when she bent her energies to the cOn cOnsideration of investments arid and to sales or purchases of holdings she displayed always for a woman a perfectly un unrivaled rivaled business acumen Here H re in America we may point to Hetty Hett Green as a wonderful feminine financier but It is true that In England the first lady of the land showed for years as much positive genius In that direction direct Yn as ever Mrs Green has dis displayed displayed played It was the conduct c of her vast estate that kept the aged queen inter interested interested Interested ested and fully occupied through many hours houth of her later years She developed her ber enthusiasm for financial matters only after her husbands death and when she looked about with the deter determination determination determination of ofa a vigorous and philosophical cal for r some effective an and d worthy worth diversion Then it was she be began began began gan to study the commercial greatness of her empire and the English trade manufactures m ct res and banking system were thoroughly mastered by the sensible lady Her late majesty came came to feel a tremendous pride In the British mer merchant merchant merchant I chant marine and by a curious coin coincidence ci cin n Ce she ventured quite unadvised to r make her o own n first investment It I wile was a good many years ago and during the summer er when the royal household was vas at Balmoral that the queen com corn commanded commanded I one of the most prominent Edinburgh tradesmen to send to the i castle a quantity of his wares from I which she wished to make selections and aid purchases The head of the house and his trusted first man of business both of whom hom had h d tactfully sales at Bal Ba Balmoral Balmoral moral many times before were ware both ill iII so that the business of presenting the th e goods to the queen was given into the hands of a trusted young clerk The smart young Scotchman knew a tot lot concerning trade but very little about the etiquette that hedges a sovereign when she goes shopping in her own I Ij j home bome so when the goods were arranged I for the queens inspection he hung about the room instead of absenting r himself while the lady examined the ar articles art tides and made her selections Nobody t I noticed him until it was too late to hus bus hustle hustle bustie tle tie him out and though he kept well in inthe inthe I Ithe the background at first when the queen happened to ask a question of I her attendants as to the possibility of having havi g a certain quality of cloth woven the young tradesman tra blind to winks and frowns from attendants presented himself with a respectful bow and re replied replied replied plied so clearly and to her in inquiries inquiries inquiries that she asked an explanation n of the whole wh le method of wool weaving There was no gainsaying the young mans accurate knowledge Intelligence and respectful bearing and when the queen kindly inquired something of his private affairs he frankly confessed that It was his ambition am to establish mills of his own and to introduce some some Improved machinery In which he firmly believed The queen asked what cap capital capital ital he would need graciously thanked him for his information and dismissed him himA A few weeks w afterwards he received an offer from a banker to lend him the money to put up his mills and establish lish Ush his machinery The offer was so unexpected un that the young man insist insisted ed on know knowing Ing how it came about and arid then he be learned that the queen had or ordered or ordered o dered the investment on the th strength streng of what he had told her ber on the of the visit Isit to Balmoral She had nad also alo ordered an Investigation of his hl charac character ter and condition arid and receiving a sat satisfactory satiSfactory satIsfactory report determined to venture a goodly number of pounds In the en enterprise enterprise The result proved highly flattering to the judgment and the th young y ung mans abilities for the th mills were ere put uj and nd proved enormously successful After drawing a handsome handsone revenue her h r flyer In wool the silent part partner partner pan ner ncr in iIi the firm sold out at a huge profit But her first venture gave her courage courage to go Into many other things Her hold holl holdings holdings ings irUs in real estate in steamship bip lines lipes and a tip d banking firms have been taken solely f on on her own judgment With u a positive genius fo for figures fl s she master mastered ed d easily lIY all the higher r mathematics the science of bookkeeping and kept kep a large portion of her personal accounts with her own hand The Golden Sovereign i Though h an aristocrat to her hor fing t tips the queen always honored he e power and benefits ot trade and She se ane held the same opinion Andrew Carne Came Carnegie Carn gie gle has expressed that th t the existence pf Q f great grOat millionaires in a country argues arguea g well for its prosperity and thriving industries in industries industries When some one asked her h r which of her many portraits l pleased her the most she up a golden gold n sovereign and her own profile raised on Its bright surface ace I like It t best bOst b she said because bec use it stands for forth f forth r rth th of the creat areat t trade t to of Ent En i r I 1 1 I Ji k I Ir Ii i r ii 1 L LI Lc I c f At I 1 I I I I II I I i 2 i S I 1 3 HER flER LATE MAJESTY QUEEN Q N VICTORIA ONE OF FOBS FORB I MOST FINANCIERS I land that has brought rought her so large luge a apart i j part of her glory In peace and andin In war i Besides so shrewdly encouraging the I I growth of her fortune the queen with witha a thrift partly inherited from her I mother and partly the th result of her own simple childhood days when a I shilling was expected to go a very long longway longway way has always exercised a most rigid rI d I economy in h her household hOUS management In the days of Prince Albert the horses hor es i of Windsor were among the wonders of the place but when hen her husband died state functions no longer interested tel the queen and at one stroke of the pen she cut down her household expenses a hundred thousand a year When the Prince of Wales was married there were not horses enough for the state carriages but the queen never expand expanded ed her style of living liIng and though her helt children often grumbled and the na as nation astion tion was surprised at what was some sometimes sometimes sometimes times called her parsimony she pre preferred preferred preferred I to expend a large portion her savings in charity and roll up the rest restI into an estate that is conspicuously big bigin in this age of millionaires millio alres M 11 A I |