Summary

How A Dead Millionaire Drove Canada To A Baby-Making Race For His Fortune

Jan 26, 2021 | 🚀 Fathership

When Charles Millar died childless in 1926, he bequeathed his fortune to whichever woman could bear the most children in a 10-year span. What followed was a baby boom the likes of which Canada had never seen.

Mrs. Arthur Hollis Timleck claimed to have given birth to nine children in a ten-year period in a bid to win Charles Millar’s fortune.

Relatively unknown until his death, it would be the last will and testament of Charles Vance Millar that propelled his name into infamy. An unusual clause in his will promised the bulk of his gargantuan estate to the woman who could birth the most babies in Toronto over the decade following his death.

What followed was an unprecedented baby boom now called the Great Stork Derby of Toronto.

Charles Vance Millar, An Eccentric Multi-Millionaire

Charles Vance Millar was born on June 28, 1854, in Aylmer, Ontario. He became a prominent lawyer and worked out of his downtown, Toronto-based firm.

Charles Vance Millar’s portrait taken by an unknown photographer sometime before 1926.

He was a notorious jokester and delighted in playing with people’s love of money. Millar would drop dollar bills on the sidewalk and hide in the bushes to watch people’s faces as they quickly stuffed the money into their pockets when they thought no one was looking.

He also told his friends that this pastime “was an education in human nature by itself.”

In 1926, after a successful career as a lawyer, racing stable owner, and president of a brewery, he died suddenly at his desk while in a meeting with a few associates. He was 73 and a bachelor with no immediate family to inherit his estate.

The facetious millionaire’s last will and testament were dripping in irony. For one thing, he left his stock in a brewery and an entire race track to a group of prohibitionist Protestant ministers and $500 to a housekeeper who was already dead.

He even bequeathed a holiday estate in Jamaica to three lawyers that hated each other on the condition that they all live there together.

https://youtu.be/-f7EJpYw9Kc

Millar admitted that his will was “necessarily uncommon and capricious” and chastised himself for amassing more wealth than he could spend in his lifetime.

“What I do leave,” Millar wrote, “is proof of my folly in gathering and retaining more than I required in my lifetime.” But the most notable clause of the eccentric will would go on to transform the lives of all Toronto families, causing a decade-long media frenzy, and perversely give endless trouble to the very legal system that Millar had once been a part of. The bulk of Millar’s estate, the millionaire wrote, would be given “to the mother who has since my death given birth in Toronto to the greatest number of children.”

And So, The Great Toronto Stork Derby Begins

Mrs. Darrigo claimed to have had nine children since Oct. 31; 1926. This would have placed her among the leading entries in the derby.

Millar’s will stipulated specifically that 10 years after his death, his fortune — which turned out to equate to more than $10 million by today’s standards — would be given to the Toronto mother who had given birth to the most children according to the Canadian birth database. If there was a tie, the money would be divided among the mothers.

Some believed the stunt was all a prank to amuse Millar’s friends and to test the legal system. Others thought that it was a statement in support of contraception by “turning the spotlight on unbridled breeding” meant to “shame the government into legalizing birth control.”

Whatever Millar’s true motivation, it became an elaborate and much-watched social, mathematical, and biological experiment.

What ensued was a baby-making race, a so-called Baby or Stork Derby.

At first, the media called Millar’s now-public will a “freak” document. Nobody could believe it. But soon, newspapers around the country began to follow the story. The Toronto Daily Star even assigned a special reporter to the “great stork derby” who was responsible for chasing pregnant women around the city for exclusivity agreements. Soon, all of Canada (and the neighboring United States) was watching. Countless mothers with growing broods began to claim their place as contenders.

The Fruitful Contenders

When Millar died, he had no idea that his investments would pay off so well. He also had no idea that the Great Depression would hit in the thirties, making his estate a shining beacon of hope to overcrowded families fighting to survive.

As the years went by, 11 families officially competed in the Great Stork Derby.

The media went nuts in the days leading up to the 10-year deadline. New contenders were introduced until the very end and the world watched in suspense.

On Oct. 31, 1936, at 4:30 pm, exactly 10 years after Millar’s death, the contest was closed.

Some women tried to claim births that weren’t officially registered, as well as babies fathered by men that weren’t their husbands. Other questions arose: did stillbirths count? What about children born to unmarried mothers? Did those living in the area around Toronto qualify?

In the end, Judge William Edward Middleton, a man sympathetic to large families being himself the eldest of nine, made the final decision on a winner.

He declared a tie between Annie Katherine Smith, Kathleen Ellen Nagle, Lucy Alice Timleck, and Isabel Mary Maclean, each of who gave birth to nine children during the qualifying decade.

Timleck, Nagle, Smith, and MacLean all got about $125,000 each, which is around $2 million by today’s standards. Kenny and Clarke received smaller amounts as their stillborn, illegitimate, or unregistered children were not counted in their totals.

This amount was enough for the mothers to buy new houses and to pay for their children’s educations.

Legislative Aftermath

As a lawyer himself, Millar made sure to write the “stork derby” clause of his will so that it would withstand court challenges. But from the day his will was announced, it was nonetheless challenged from all directions.

Over the course of the 10 years following his death, it bounced from court to court.

Some accused the scheme of being against public policy. The Globe wrote that it was “encouraging the birth of children with no regard to their chances of life or welfare.”

Distant relatives of Millar suddenly materialized and tried to get their hands on his fortune, which they never did.

Meanwhile, the province of Ontario tried to redirect the money to the government.

Ultimately, the case made it through the Supreme Court of Canada and the clause was declared valid.

On May 31, 1938, the Ottawa Citizen reported that at long last, the great stork derby “sensation” had concluded and this “strange chapter in legal and obstetrical history” brought to a close.


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中国人打败中国人,安徽砀山人李西廷成2022年新加坡“首富”!

Sep 25, 2022 | 🚀 Fathership

近日,福布斯新发布了2022新加坡富豪榜,安徽砀山人——迈瑞医疗的李西廷以156亿美元(1090亿人民币)的身价,成为新加坡新任首富

可笑的是,2019年开始,新加坡富豪榜变成了中国人的秀场!

2019年,海底捞的张勇夫妇(四川人),以138亿美元的身家跃居新加坡首富

2020年,张勇夫妇以190亿美元,蝉联新加坡首富

2021年,冬海集团李小冬(天津人),以211亿美元击败海底捞张勇,成为新加坡首富,可是风光背后,李小冬感受到了任正非所说的“寒气”,不到一年时间,财富缩水80%

2022年,李西廷问鼎新加坡首富,他创立的迈瑞医疗正以肉眼可见的速度席卷国内医疗器械市场。

疫情的爆发,让迈瑞医疗开始“大口呼吸”,迅速进入爆发期!

随着我国老龄化程度加深,高龄人群对于呼吸机、监护仪、心电图仪等医疗设备需求激增,造就了国内广阔的市场空间。

李西廷也看到了这一市场蓝海,带着迈瑞闯入这一赛道。

创业之初的迈瑞,仅是一个小小的进口医疗设备代理商。看着进口医疗的高昂价格,以及作代理微薄的利差,让李西廷萌生了自己研发的念头。加之当时国家也支持科学研究,支持企业研发,迈瑞随后也获得了深圳官方的支持,出面为其协调了100万无息贷款支持。

曾几何时,感恩于政策的支持,李西廷誓言:一定要为国争光!

作为“中国医疗器械第一股”,迈瑞的产品,相比昂贵的进口医疗设备,物优价廉的优势突显出来。加上,国内不断提倡发展本国科技企业,支持国产,因此,迈瑞有了越来越多的市场!

近两年yi情致使世界各国急需采购呼吸机和监护仪等设备,迈瑞轻松开拓了海外市场,也赚得盆满钵满。

去年一年营收超250亿美元,总市值一路飙升至3500亿,被誉为“医疗界华为”,李西廷更因此获得了“呼吸机大王”的称号。

李西廷坦言:疫情让迈瑞的发展,提前了至少五年!

迈瑞成功了,李西廷也拥有了千亿身家。

可是,令人唏嘘的是,他早在2018年就移民新加坡,加入新加坡籍,曾经的豪言壮志不过是一句口号!

小编想问的是:

迈瑞以后是算外资还是内资?

还有没有政策扶持?

总不能什么便宜好事都占尽,最后赚得盆满钵满的,转身变成了外国友人!

在2022新加坡富豪榜上,我们又看到了一个熟悉的身影——立邦漆创始人吴清亮以130亿资产屈居第三 。

总有新人换旧人!

自张勇2019年成为新加坡首富以来,首富人选换了一茬又一茬,而不变的是他们都是中国移民。

谁将是未来替换李西廷新人呢?最近,新加坡媒体锁定了一个新目标:“支付宝女王”彭蕾!

“支付宝女王”彭蕾被爆出,和丈夫携巨额资产移民新加坡,并在当地购买了一套价值3亿人民币的大平层,引得新加坡媒体舆论热议:新加坡首富宝座或将易主!

网友们开始调侃:新加坡富豪榜,是“新加坡籍中国富豪榜”!

为何中国富豪们都如此热衷移民新加坡?

作为“全球合法避税天堂”,新加坡最吸引富豪的是“省钱”。新加坡是全球领先的私人银行和财富管理中心之一,拥有亚洲最为安全的银行。

移民新加坡+海外避税天堂公司+与内地有协定的香港公司——这是富豪们做税务筹划(避税)+资产保全的最基本的操作!

富豪们赚了大把的钱,更想省更多的税,而这钱,又不可能让他捐给国家和人民,更甭谈捐给地球和人类,他们只想牢牢的守住这些钱,做好财富的传承。

事实上,不管这些富豪们,是为了避税,还是为了企业发展的考虑,选择移民都是个人的权利,只要能创造价值,回馈社会,也无可厚非!

但小编个人觉得——人可以过去,但钱请留在国内!

在未来10年,我国富豪财富增速预计可达120%-130%。顶级富豪们的移民路径和资金走向,无疑将对国内甚至全球经济发展产生重要影响。

然而商人中也有真正的民族企业家,像中国首善曹德旺告诫子女一旦接受美国绿卡,则无法再继承他的财产,娃哈哈宗庆后则是强制要求全家注销绿卡。

然而像宗庆后、曹德旺这样的民族企业家毕竟是少数,所以2019年银监会公开表示,禁止通过开放式方式增加非标资金池业务,同时增加信托现金管理规模。

从限、留两方面稳住富豪,这意味着“非标”收缩已成必然。