MovieChat Forums > Auntie Mame (1958) Discussion > What happened to Patrick's inheritance?

What happened to Patrick's inheritance?


It mentions that his inheritance is invested in good steady bonds, but the Knickerbocker Bank was the first to go under in the crash???
Just wondering.

I also would like to know what her rent was on that FABULOUS apt. Beekman Place was/is very exclusive if recall correctly.

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If I recall correctly from the novel, Patrick's inheritance survived the depression, with the Trust continuing to pay his living expenses to his aunt. When Patrick turns 18 Mr. Babcock explains that he and the Knickerbocker Bank no longer have control over Patrick's money, and that he will draw an annual income of approximately $8000 from his investments (as we're talking about the late 1930s here, that was quite a sum for a college student!)

"...That's quite a nice bit of money."
"It certainly is," I said, not even trying to conceal the light in my eyes.
"And of course, you may draw on this income."
"You mean I just ask?"
"That is correct. You simply make a request in writing."
I picked up a scratch pad from his desk and wrote: "Please give me $5,000.00 now. Sincerely, Patrick Dennis."
"Here, Mr. Babcock," I said, handing him the sheet.
His shoulders sagged and his face became a portrait of utter defeat. "Oh, God," he moaned, "what's the use? You'll end up exactly like that mad, waste-wealth aunt of yours. Well, it's too late now. All my work gone for naught. I give up. You and that Aunt Mame of yours---two of a kind! You'll end up in debtor's prison or worse and I can't honestly say I'm sorry. The cashier will give you your money. Go now, and God look after you - nobody else will."


"In my case, self-absorption is completely justified."

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In New York rich people own their apartments, not rent. No one would have profited by selling it. Who would they sell it to?

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