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Show money on racehorses. In this the ' ' American agan leads, and there are two American turf millionaires to one English. Lately the Americans have had about their own way on the English turf, as a result of their expenditures ex-penditures on racehorses. There is some profit for the successful In turf expenditures and big losses for the unsuccessful. RICH MEN'S HOBBIES MILLIONAIRES WHO SPEND FORTUNES FOR-TUNES YEARLY. Andriw Carnegie's Fad for Giving Away Libraries Is Well Known Pierpont Morgan Has Large Annual An-nual Bill for Paintings. Given a million a year to spend at pleasure, find something on which to spend it. That is the proposition which is met by multi-millionaires of this country, England and Germany. It Is a peculiar fact that the men who have this opportunity choose one thing as the object of their expenditures. expendi-tures. The millionaires choose their hobbles hob-bles and they are as various as the wealthy men are numerous. Apart from the expenditures required in business thes3 millionaires spend more on their hobbies than they do on themselves personally. Pierpont Morgan is credited with an annual personal expenditure of about $150,000, and his average annual an-nual bill for paintings is about $250,-000, $250,-000, not far from double what he spends on himself. His entire collections collec-tions of famous paintings amounts to 200 pictures, and is ' valued at $10,-000,000. $10,-000,000. Staveley Bruce, the English shipping ship-ping and iron king, has made a specialty spe-cialty of statuary, as well as paintings. paint-ings. The Italian laws forbidding tie exportation of art treasures has hsd a peculiar effect on the collection of Mr. Bruce. He is obliged to keep $500,000 worth of statuary in Italian cities. He adds a love for pictures to that for statuary and seldom spends less than $200,000 a year for paiDt-ings. paiDt-ings. Mr. Carnegie's fad, as is well known, is the public library. He Is credited with handing out $15,000,000 annually in putting his preaching into practice. Last year his gifts in this direction amounted to $5,000,000 in the United States. He gave In addition addi-tion 85.000.000 to English workmen and $10,000,000 to Scotland. As he is now giving away a good deal more than his income, which is $10,000,000 a year, he may be able to realize his ambition to escape the "disgrace of dying rich." It has been computed that at his present , rate of giving it will require twenty years before he can become "poor." An English millionaire, another of the three multi-millionaires who give away most of their income, is Mr. Spiller, the cloth and cotton magnate. His favorite amusement is a peculiar one, and it has made him known as a sort of fairy godfather to the poor Children of northern English towns. He organizes and pays for huge treats for slum children. The outings- and pleasure excursions he gives these children cost him in the neighborhood of $500,000 a year. In addition to this he supports eight children's hospitals and orphanages. His hobby on the betterment of poor children gives him no time for any other amim'TUent. Ho lives in a fashion similar to that of a well-to-do professional man, and maintains but one establishment for himself. When the more personal amusements amuse-ments of millionaires are considered, it will be found that yachts and racehorses race-horses take the most of many a wealthy man's money. It has been computed that eighteen men of great wealth American, English and of other nationalities spend the larger part of their income on yachts. Sir Thomas Lipton is among the best known. He spent $600,000 on the cup races alone. Col. McCalmont is another an-other Englishman, a rival of Sir Thomas, who spend a fortune on the water. Aside from the royal yachtsmen yachts-men of Europe, it has been estimated that the eighteen millionaires Interested Inter-ested In this sport spend about $20,-000,000 $20,-000,000 a year on their craft, and that the value of the yachts foots up ' to $55,000,000. Flftetiu millionaires spend their |