Who Wants to Be a Billionaire?- page 2 | History | Smithsonian
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Who Wants to Be a Billionaire?

A Rockefeller's rules for raising responsible children

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9. It is understood that every purchase or expenditure made is to be put down definitely and clearly.

10. It is understood that John will make no purchases, charging the same to Mama or Papa, without the special consent of Mama, Papa or Miss Scales [a family governess].

11. It is understood that when John desires to make any purchases which the allowance does not cover, he will first gain the consent of either Mama, Papa, or Miss Scales, who will give him sufficient money with which to pay for the specific purchases, the change from which, together with a memorandum showing what items have been bought and at what cost and what amount is returned, is to be given to the person advancing the money, before night of the day on which the purchases are made.

12. It is understood that no governess, companion or other person in the household is to be asked by John to pay for any items for him, other than carfare.

13. To any savings from the date in this account which John may from time to time deposit in his bank account, in excess of the twenty per cent (20%) referred to in Item No. 8, Papa will add an equal sum for deposit.

14. The allowance above set forth and the agreement under which it shall be arrived at are to continue in force until changed by mutual consent.

The above agreement approved and entered into by

John D. Rockefeller, Jr.
John D. Rockefeller 3rd

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