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Show John D. Rockefeller, Jr.Tells low He Trains His Children They Can Handle Millions up note Every parent and every child will be interested in the Jbate authorized interview with John D. Rockefeller, Jr., multi- llonaire and heir to the world's largest fortune, which The tdard-Examiner has obtained through NEA Service Rockefeller I frankly how he is training his children to master millions, in-ld in-ld of letting millions master them. Whatever heritage you may rk your children, whatever your plans for them may be, you will food for thought and discussion in Rockefeller's theories and Alienees. Editor. By EDWARD M. TTIJFRRY brrleht, 1922. bv NEA Service. All Right Reiei-ved- Republication ProliJbltrd Anywhere In World ) t. y(1RK Tuly 12 John D. Rockefeller, .Ir., regards bringing up Ehls children no one of his most engrossing and important task 2 regret the pnslm: t the nld-fo&hloned woodpile.' he saj-s. "I have to t :ml i nin'lcrn cqur. -ili-nt of the v. oodpilo of my father's boy- m. lU8 began the interview Mr. fcefellti- li ' - 1 ' 1 pi on t h ih h u i ii. i n ject. H. dis us-Jfor us-Jfor NEA S'-i ice 'Ideas un t.tmi: MKfe and the $lem oi childi n jBd Dot pretend be tel 1 inf; wh it K pooi'l' should iHth their ehil-Ij ehil-Ij he snrply ed, a: ii i - TUfM. 10 dlCUH- VW'ot th.- prln-hc prln-hc felt v - Bbc-urnl put effect in traiu-tjJM traiu-tjJM on n 1 hildi ' n J'ealth." h- .- i id. gB chUircn when Jffcf get t"u i ii li of J Just lecause a n9 can afford to peotdo to wait his Childrt n is no 8 o n lid do .1 1 don fhc-y ought to b' In to foi m the It nf dolriR thinks H it h ni selves ( p. that need to done w h-t her I Hilie to do them plot. I W modi in chil- lire not develop-, develop-, Bne will powoi idf mustei that issentlal in I h in of life's wns. it's- w h:tt I I about he He. M fath-Fto fath-Fto ( hop wood f the milking, pbably dldn t ping tiie chores litter than most nit he acquired bit of doing he didn't like jjZB; his will was U mi, and it helped 9 Eope w Ith other Kites ' I Rockefeller Hx children, five lem boys. In jfl fere from i hey ar'' bein B p thrill and 'tho e of inon-tveryb inon-tveryb d ktio" S m one of the ill fs w 'M h I -.Tfk with the woi Id Ptravnuaiu c be f "Ex tni vaga mr (tR chai nt v It Is in's dut s lo ( n il-h il-h jton ft i) - i 'i i 1 1 ' . j jitber a in. i n Ifd !al-'. nd- .T ( 1 1 I ) . R O CK I -1 iTa A M .1 R Pn't e point; It is nvi'om- not If. 'W. wisely whalex. r j-, sp. tii. mcr a man ran spare the i n .-. , jmllies ami Individuals ch jBhouhl keep a. eounls i mom v thev receive and spend, aays Mr. Rockefeller. He told me his fath-ci fath-ci hirfisidf kept account of his peril per-il expenditures until he was past I Continued on Pago Two.) JOHN D., JR. IS INTERVIEWED Tells How He Trains Children Child-ren to Manage Millions in Future (Continued from Page One) 50. And he himself did so until a few years ago. Mr Rockefeller. Jr. is 4 8 "At seven or eight my children each received an allowance of 30 cents ft week." he explained. "The understanding under-standing was that out of It they were to save and to give, as well as to spend. Ten rents was to be saved 10 was for church and Sunday school for benevolence and 10 for spending. spend-ing. , ' I explained the importance of keeping accounts. A few years later tre were cittlne a dollar -1 urclt and to teach accuracy In keeping accounts ac-counts rewards and demerits were given If the account book was cor-Jrect cor-Jrect the child got $1.03 the following weeKj $1.10 the next, and so on If incorrect, onl) 96 cents, then SO and 86." These allowances never exceed a dollar or two dollars a week at the most, until the age of 15. By then Mr Rockefeller considers, a child that has been properly trained ought to be (able to handle his own finances. So Jo- allowance in increased to cover all evpens outside of keep education and medical service. It Includes clothes, fares. If traveling alone, en-t' en-t' rtalnment, candy, sodas and the ilk.. "I believe " .Mr Kim kc-felb r said, "that ct.lhtic n should know what to sRiid, how to spend, what things enst, vlc-thcr 11 thing Ls worth bujlng in Hhort, the value of money. "This, and keeping accounts. Is Important Im-portant because of the principle un-lerlyTng. un-lerlyTng. It Is of alue to my children chil-dren to any child--to hold to the rigid fundamental principle of economies." eco-nomies." FIVE CENTO AN HOUR Mr Rockefeller smiled oer an experiment ex-periment he tried. ' I was brought up to do things that needed to bo done, whether I liked them or not," he said "At seven years of age 1 began playing the violin and 1 UBed to get five cents an hour for practicing But that sort of thin? doesn't work these days or at least tho standards arc higher' Even with children. Five cents an hour isn't mix Inducement anv more! But I do pay wages for errands and chores. If a child honestly works, he earn snrh nM. If stimulates the de- Maire to work. 1 used to get 15 cents an hour for aawlng wood But these 'days It s different- Down in the country coun-try we have wood hauled to tho house My beys and I load and unload It and I pay them for the Job Yes, the scale Is higher than 15 cents" SCHOOLS FAIL TO TEACH THRIFT Schools do not teach thrift and habits hab-its of work, Mr. Rockefeller finds "Education used to mean cramming the mind " he said "Education really real-ly ls learning how to use the mind The tendency with many children of today Is to follow the easiest way the line of least resistance You see It reflected re-flected In studies, in social life, and in business. "The modern theovy of many people seems to be to let a child decide what he wants to do and then let him do it. Of course, we all do best the thintr we like doing But life cannot be lived wholly that way How can a child later learn how to avoid tho things he should not do'' A disorderly mind an untrained one." Mr. Rockefeller hasn't much sympathy sym-pathy with parents who, having acquired ac-quired means say they hope 'h' lr boys will never have, to work as hard I as they did. "It Is a false idea to rhango standards stand-ards like that and go with the tide," I lie said "A boy should do the vholcoonio I thlngM hi father liiul to do In so furl as in ionHlc It will teach him what pmlit.les made hLs father uooOMfuL 1 am orry I did not have tht sort of I c-h&nco. I want my boys to start work j at the bottom." OTi t 1 |
