Speaking of Values, Susan Cheever on how modern preppies got the style but forgot the values.
Thanks to TheOldMoneyBook.com for sharing this article!
American aristocrats were raised to ski hard and tie a mean Royal Coachman, but they were also often raised in a tradition of service—noblesse oblige it was called—that led them to give away lots of their money and to behave in ways that helped those who had less. John D. Rockefeller famously spent more time at the end of his life giving away money than earning it. It wasn’t because he was so rich. At the beginning of his life, he gave away 10 percent of the $200 a year he earned as an Ohio bookkeeper’s assistant. He was not alone: the Carnegies, the Vanderbilts, and more recently the Roosevelts all established foundations that made the world an extraordinarily better place.