The art of spending

Chicago author and Esquire senior editor Bill Zehme explains theessence of Frank Sinatra's inimitable style in his new book The WayYou Wear Your Hat: Frank Sinatra and the Lost Art of Livin.' Thesecond of three daily excerpts defines the rules of money, accordingto the Chairman of the Board.Tightwads, he disdained. Occasionally, while drinking, he amusedhimself by putting together his El Cheapo All-Time All-Star baseballteam. Rudy Vallee was always pitcher. Even friends like Cary Grantand a Bob Hope and Fred MacMurray usually made the lineup. Of onewho was parsimonious, he would say, quoting comedian Joe E. Lewis,"He has an impediment in his reach." This, of course, was never …