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The Highest Forms of Wealth


Jul 20, 2021
by
Morgan Housel
Wealth is easy to measure but hard to value.
When George Vanderbilt moved into Biltmore – the largest home in America at 178,000 square feet – one newspaper in 1899 wondered what the point was.
The goals of the country’s richest during the Gilded Age, it said, seemed to be “devoting themselves to pleasure regardless of expense.” But often they got the reverse: “Devotion to expense regardless of pleasure.”
George didn’t spend much time in the 250-room mansion which, by the time he died, had nearly bankrupted him.
Twenty years before Biltmore was constructed, the
New York Daily Tribune wrote that “The Vanderbilt money is certainly bringing no happiness to its present claimants.” ....

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A King & Queen Come To Washington - The Knoxville Focus


By Ray Hill
The fascination with royal families is hardly new.  I well remember just how many people were caught up in the wedding of Prince Charles to Diana Spencer.  Like every capital of a civilized country, Washington, D.C. has a vibrant social life and the visit of King George VI and his queen, Elizabeth, to the United States captivated much of the country.    Those folks who have watched The Crown on Netflix realize their daughter is Queen Elizabeth II.
The invitation to visit America had come from President Franklin Delano Roosevelt and it was heralded throughout the media of the day for no reigning British monarch had ever trod on American soil.  The United States and Great Britain had something of a checkered history since the Colonies broke away from the British Empire.  The Capitol still carries scars from the War of 1812 when President James Madison and First Lady Dolly Madison had to flee before British troops burned down the White House.  Relations be ....

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Dear Mama... a future US president writes from a sick bed in Malvern


Family historian Chris Sutton looks at the sequence of events that saw a future president of the United States of America write a letter from his sick bed in Malvern
JAMES Roosevelt was a New York businessman, the vice-president of the Delaware and Hudson Railway and president of the Southern Railway Security Company.
He often travelled from New York to Britain for business and pleasure so his trip in the summer of 1889 was not unusual.
This time both he and his wife Sara were worried about their son, seven-year-old Franklin.
He was unwell before they even boarded the ship and his condition worsened during the voyage. Franklin was diagnosed with typhoid fever by the ship’s doctor, necessitating his going to the Royal Infirmary in Liverpool when the ship docked. ....

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