The Coral Gables Times

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How to Enjoy Money Continued from page 6

frequent guests, I am happy to say, are Jack Javits, junior U. S. Senator from New York, one of the finest men I've ever met, and his lovely brunette Marion. Paul Getty, with his latest, is another kind of value on the guest list. They say he is the richest man in America. We have been friends for quarter of a century, and I think we always will be, as we each respect the other's feelings and way of life. The Carleton Alsops are among the many and welcome representatives of the entertainment world. He is a longtime motion-picture producer and beau, a former husband of some of the prettiest stars in Hollywood and now married to an heiress from Houston. I could go on and on. My guests come from all over the country and all over the world, and, with the red carpet rolled out, they have made my parties famous. WHAT PRICE a good evening—gold champagne, for instance, and the music of the Three Violins, and sixty intimate friends at the Star-on-the-Roof room of the Beverly Hilton Hotel? I'm thinking of a party I had recently for my friend Kenneth McKnight when he joined Vanderbilt Enterprises. We danced till dawn and went on to ham and eggs at the Beverly Wilshire drugstore, and in the end I picked up a check for $6,063, including tips and the dri ore breakfast. A good evening comes high, I admit—but it keeps the money in circulation, doesn't it? On the serious side, it's an obligation for anyone with money to be generous and, handled wisely, generosity can be a source of much satisfaction. But it's easy to goof in this complicated giving. ONCE my father told me that his mother, the late Alice Gwynne Vanderbilt of Cincinnati, Ohio, had written out a check for $200,000 to the Tibetan monks. He said his father was so furious he didn't speak to my grandmother in over a month. "Except," : ed Father, "to say good morning and good night." I always liked that. My own giving has been less grandiose than my parents' for I believe that charity begins at home. For years on end I have taken care of scores of my friends, and their ex-wives, often unbeknownst to them, and have tried to help aal scores of people I really felt were in desperate circumstances. In summing up, I'd say that if a rich man can keep his health, fight an even battle with his temptations, and keep busy, he has a good chance of enjoying his money. Oh, and one more thing—it's a good idea to hold on to the [?prin-?] cipal and let the interest buy , our pleasures.

"Sometimes I wish we had a chimney." SUBURBIA TODAY