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Old 12-24-2014, 03:13 AM
 
Location: Tucson/Nogales
23,209 posts, read 29,023,557 times
Reputation: 32596

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Yes, you can be born into richness, and be poor kids!

Just finished reading a bio of Rockefeller, excerpts:

On Sat. mornings, stomachs aflutter, John D. Rockefeller Jr.'s children filed one by one into Junior's study and had their account books scrutinized. Although they rec'd only a 30-cent allowance-much less than their friends-they had to account for every penny of their allowance. They were fined a nickel for omissions and awarded a nickel for scrupulous record keeping. They were expected to spend 1/3rd of their measly allowance, save a third and donate a third to charity.

The were oftentimes dressed in old clothes and were denied ordinary trips to theaters or the movies until they were in their teens.

At Jr.'s mansions in Pocantico or Seal Harbor, they made extra money by killing flies (10-cents per hundred), buffing shoes, working in the garden or trapping mice in the attic (5-cents per mouse). The 6 children were taught to garden, sew, and cook. Once a week they had to prepare the dinner together and were encouraged to master hand tools. Each studied a different musical instrument, with one evening per week given to hymn singing.

Even family vacations became tutorials in personal responsibility, with one son assigned to buy railroad tickets, another to run errands, a third to handle baggage, a forth to book hotel rooms, a fifth to shine the shoes, and so on.

Junior wanted to saturate the children with sermons and religious tracks. Each morning, at 7:30 am, even with guests present, the butler circulated a stack of Bibles on a silver tray. Junior read a portion of scripture and asked others to read aloud before they touched their breakfast.

This was back in the 1910's, so you must use a multiplier of, at least, 10 for today's currency!

And how many kids today would put up with this regimen, and being painfully aware your parents were millionaires?
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Old 12-24-2014, 03:18 AM
 
Location: Southwestern, USA, now.
21,020 posts, read 19,363,451 times
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Remember the old story of a Rockefeller telling his kid to jump..and
the dad deliberately didn't catch him?
Then said, Let that be a lesson, Never trust anybody.
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Old 12-24-2014, 07:26 AM
 
703 posts, read 870,096 times
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I think they should have responsibilities and goals just like anyone else so they can become successful, but being too strict isn't necessarily the best parenting method, and neither is being too lenient. Hitting close to the middle always provides good results. Nothing is perfect. The way I see it is that they earned the money they had, and they should be using it to their advantage in both education, and leisure. Rockefeller not allowing his children to utilize it is like saying they don't deserve any of it. I'm almost positive it didn't continue, and plus, the joke is really on his parents. They received the inheritance. What we need to learn from this is to utilize your money wisely (saving, watching the accounts, education), but have enough to experience what you've earned.
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Old 12-24-2014, 07:36 AM
 
3,167 posts, read 4,000,065 times
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I imagine he looked around at the Paris Hiltons and Kardashians of his time and was terrified of what might happen should his children inherit the country's largest fortune without any work ethic or morals whatsoever. Since all of his sons dedicated their lives to philanthropy and public service, and not one made a porn movie or a bad reality show, we should probably thank him.
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Old 12-24-2014, 07:43 AM
 
Location: Striving for Avalon
1,431 posts, read 2,479,708 times
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When I hear these stories, I wonder to what extent they are mere hagiographies that serve to awe the peasantry.

These cute little anecdotes generally leave out the legendarily dynastic nature of the Rockefeller trusts.
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Old 12-24-2014, 07:52 AM
 
703 posts, read 870,096 times
Reputation: 226
Quote:
Originally Posted by Mnseca View Post
I imagine he looked around at the Paris Hiltons and Kardashians of his time and was terrified of what might happen should his children inherit the country's largest fortune without any work ethic or morals whatsoever. Since all of his sons dedicated their lives to philanthropy and public service, and not one made a porn movie or a bad reality show, we should probably thank him.
Just hope that their children take wise advantage of what they have,eh?
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