Some Old Guard club members prized gentility over money-making

Evidence

Not wealthy, but well off, Macy seemed, with his seat on the Exchange, his modest but well-tended East Islip estate and his love of antiques and old houses, the very model of the country gentleman, except that, unlike brother-in-law Havemeyer and the other members of the Timber Point Club, he was noticeably uninterested in making money. — Robert A. Caro, The Power Broker, 818