Wife of Mexican Millionaire's Curious Hiding Place for Money

1915

Really Odd "Savings Bank"

With the coming of the pay envelope for women has developed the evolution of the broken-nosed teapot as a savings bank. Many and varied are the methods women have worked out to save money, although it is only within the last fifty years that the average woman has had to consider the problem individually. With their "going to business," however, questions of finance and investment have come to them.

Many amusing incidents of the broken-nosed teapot as a savings bank have come to light. There is a story of Pedro Alvaredo, the peon millionaire of Parral, Mexico, whose mines yielded silver so fast that he could not spend it, though he bought pianos and ponies by the carload, and all the metal work in the palace that stood where his old adobe hut had once been built was of silver.

Alvaredo had no faith in banks and kept great quantities of cash in his house. Naturally, much of this came into the hands of Senora Alvaredo. The senora had a special bed quilt which always covered her at night and was never far away in the day time. When the senora died her maid went to Alvaredo and asked for the quilt. But Alvaredo was superstitious and disliked to give away anything to which his wife had been so much attached. He offered the woman money instead and, though dollars were no longer flowing in at the rate of 30,000 a day, he was generous in the matter. But the girl insisted that she would have no memorial of her mistress but the quilt.

Finally Alvaredo's suspicions were thoroughly aroused and he ripped the quilt to pieces. It contained $30,000 in $1,000 pieces. Among them was a letter from the senora saying that she had saved the money for her two sons and directed that it be put in the bank to their credit. And now the young men are being educated in an American college upon the interest of their mother's savings. — From the Business Woman's Magazine.