“Free To Indulge Her Whims and Fads In Whatever Way The Gay World Of Society, And Her Own Inclination, May Lead Or Tempt Her”

Let’s say you are the wife of a turn of the century financier. How do you run your household and spend your time and money? Is there no one to teach you except your family or contemporary one percenters?

Fortunately there was a book written just for the rare woman who needed such advice.

The book which could now be slightly updated and reprinted for today’s super wealthy billionaires is called, Millionaire Households and Their Domestic Economy With Hints Upon Fine Living by Mary Elizabeth Carter published by D. Appleton & Company 1903.

Miss Carter was not a society lady, but had managed a house for the wealthy Vanderbilt family.

With chapters such as Fine Living or Housekeeping; The Hostess’s Wardrobe; The Lady’s-Maid; The House-Maid; The Parlor-Maid; The Servant’s Dining Hall-Maid; The Butler and His Staff; The Valet; Monsieur Le Chef and His Aids; Side-Lights and Shifting Scenes When The “Smart Set” Dine; the book has everything you would need to know as the grande dame running an American version of Downton Abbey.

We learn from Miss Carter that a butler is more than just a servant. She writes, “When the ubiquitous newspaper reporter appears the butler knows how to get rid of him with as little information imparted as will spare the family from false statements or ridicule. During these interviews he requires his entire stock of aplomb. He must withhold all information possible, while appearing to give it out freely.”

This book was not for the 1% that we hear so much about today. In 1903, Millionaire Households and Their Domestic Economy would apply to only o.oo5% of Americans, since there were about 4,000 millionaires out of 80 million people living in the United States at the turn of the century. Approximately half of those millionaires resided in New York State. It is safe to say this book probably did not sell very many copies. It is also important to remember how much a million dollars was back in 1903. One would need to have about twenty million dollars today to have the purchasing power of a millionaire in 1900.

Comparatively today, globally there are about 10 million people (exclusive of their home) with a net worth  of one million dollars or more and approximately 3.1 million of them reside in North America.

The book gives a complete view into the way the millionairess should conduct her household. While the advice the book offers might seem frivolous and somewhat outrageous to read today, Continue reading →