Sunday, December 23, 2007

Money and Art and Drugs

You have heard of Eli Lilly Pharmaceuticals., I assume. Ruth Lilly, one of the heirs,
In 2002, gave Poetry Magazine a gift of stock worth more than $100 million. This gift ensures the continuation of a leading proponent of an art which is notoriously poorly rewarded in financial terms. Wallace Stevens, for instance, worked at an insurance company for years to survive. Ruth Lilly, not having to get a job, herself submitted poems for years to Poetry magazine, founded by Harriet Monroe. Independent financial wealth is itself a time honored path of artists, I think of the James Merrill in this category. Lilly's poems were never accepted for publication in Poetry magazine. Her gift though shows a kind of genius. Poetry magazine spent some of their wealth in supporting Garrison Keillor. So keep taking those drugs.


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