THE ROAD TO WEALTH.

Press, Volume XLIV, Issue 6923, 1 December 1887, Page 3

THE ROAD TO WEALTH.

i THs safe to say that every one who is 1 JSs desirous of having wealth and J **2Lrin one way or another to acS is . it The possession of riches is often H as a doubtful blessing when the * responsibilities attendant ther«I •"S-nidered; however, one would I JL&uuvclfarto Jind a person unwilS .. na c'-ept a heavy load of this worlds responsibilities and all. Any niarhopeio become reasonably well ffiflfe will pursue the proper course. i LhenGirard, John Jacob Astor, A. r. SS and Cornelius Vancerbilt vrno ;L*d colossal fortunes, were all poor i KTILe Astor Kstate is by far die | ' t«t in the counirv, amounting m "Je "to aboat SoO.OOO.UGOdoIs. and was lapallr accumulated through investSt« to Improved real estate. \ ast torS, haffe been made by a few men m % country by .speculation out ti.at -tiiod is nor to be commended, as tnou- : Snds toil where oue succeeds. Tbe Jtfar--5 isofVauvenarKueswrotu what is unjflobtedlytruc, mat -r.xi»<l successes of; -7 kind are the least iLuraole, because i tifv arc rarely the work of merit or in- %. wry- tiic ripe but laborious fruits of pru- ? .dtoeere always of. tardy growth." Rede, | \ _ T ;H]in- on the art of money-getting, sayu j '-Some men with the best intentions fcave -o littlu fortitude, and aro so fond of ease or pleasure, that they give iL t0 every temptation, while others, JLssed of" greater strength of mind, vjjoat to the last and then look back ,rito;complamicy on the diiiiculties they j hiveWcome, and t-l'.e thousands of «wriak)W-travellers that are lagging far ftridni" »»»»•■? at fate aud drcaniin S of ■sSt m '"^ hfc have IK - c "- This aiffer " ajMSflfto'c progress which men make in life who set out with the same prospects j iadopportuniacs is a pvoof of itself that, moredepends v pon conduct than fortune, lie advicj of Emerson was-" Stick to Wbn3ines-=, young man." John Randolph, iheeccentric Virginian, once exclaimed in to(WSS _" Mr Speaker, I have discovered tie philosopher's stone; pay as you go." Senator Sawyer, of Wisconsin, one of the walchiest men of tlie State, and a " self'iade" man, says-"Tho great secret of ! ««e3s is an open secret; untiring energy, I economy, and strict integrity, if well folded, will always win." Chas. A. Pillstey, the head of the great Minneapolis toaiink mills, says—" My experience is ftat between natural abUity aud hard «rk the latter will always win. When v t two are in combination nothing can Pfljient success." ECONOMY AND PERSEVERANCE. p T Barnum being asked to write a few'wo- of advice to young men on the ne ol wecltli, responded as fol--wealth is, as Dr. Franklin truly sars 'a la£n as thc road to the mmV-'lte^BtevV" in pending less than we earn. T. I **™*™ who think t!i« economy con -lists in saving cheese (driiigs and candle « nds ' m oS * cwoponce from the Sundress bdl, and doing all softs of lit m «™ Economy is not meanness.- rM economy consists in always making * he incoul( ; , e f cewl'the outgo. The realec 'uiforts of life tost but a small portion of w *? b j llo^. of as can cam. It is the fear c" wlmfc m ' s €rundymay say that keeps the noses ot n»ny-worthy families to the grii wstone. Yoa caanot accumulate a fortu. ne taldDgthe road that leads to poverty." 1 " Eecils no prophot to tell us that those v Tjl ° five fully up to their means, without ai. T. tlionghLof r reverse in this life, can never attafigjipecunifky iutk-pcudence. "Tliefoundation of success iniife isgcod hftiUh; thai is the substratum of fortune the closer we keep to the. laws of uature the nearer we are co good health. Tobacco and ram should be shunned. To make money require? a clear brain. No matter fcow "bountifully «i ir.au may be blessed With intelligence, if the brain is mucklled andhis.|utigment. warped by intoxicating brinks, U is impcssible for him. to carry on business success} ully. "Yoang ireii starting in life should W'oidranninjc into debt. There is scarcely raytting thai drags .a person Sown like iebt Debt robs-a man of iiis setf respect,Hid makes him almost desps:* himself. .Honeyisat'sntblc master, bur. a very ex' , eDeat servant. It is no ' eyo servant.' !R»ete is nothin:: that will work so faithtelly as money .when placed at interest, ■well secured. It works day and night, aod in wet or dry weather. "When a man is in. tht> right- path he Brast persevere ; and perseverance is sometiaesbut anoi'.ier word for self-reliance. tnUl you can get so you can ixly upon Toorsclf, yo:i need not. expect to succeed. unif'do, do it with -all your Wight, Many a man a'wviires a fortune by ioing his busiTiess thoroughly, while his fadgltt)onrvomain< poor for life because he wsly halt does it. Ambition, energy. industry am* perseverance are indispenj sable vequlsitos for success in business. Roman hus a right te expect to succeed in I fife unless lie undorstr.nds his business, 1 *od nobody can understand his business thoroughly" unless ha learns it by personal ftgpiication and experience. ; "Tbe great ambition should be to KXCIM. ALi. OTHERS Engaged in the same occupation. Whenever jou find tbe best doctor, best clergyman, bisr shoemaker, or anything else, flat man L> most sought for, and always fe»wiough ti do. Every boy should learn some irr.de or profession. Engage in one fead ot business only, and stick to it faithfully until you succeed, or until cour *xperk'r.ee rfiow*.' you that you should Kaudon it. A coustant hammering on ooe nail will generally drive it, home' at Wst.sothat it can bo clinched. There is seru, , .: in the old caution about havtng *°o liftoy in the lire at once. Beware •f 'o-aUu'e oporat ions.' "Read the newspapers - and keep *ltoroaglih posted in regard to the *K«isaetiori!s ot t&e world. He wliodoesn'fc consult the uWßiiSpers will soon find himself and hia euslassi; left out in the . -cold. "Be careful to advertise in sot&e ti&iipe <ttotaw. because it is evident that if a man iasever so >;coa an article for sale, anc nobody knows it, it wiil bring him no '~- Wtßm. The whola philosophy of life is. iitsfc sow, then reap. This principle a PplJes to all Icinds of bur?fneea.. and'to than to advertjs.la 2- It a man has a really good artielei ♦■oerfe U no way in which lie can reap more tSian by 'sowing , to the Public in this way. If a man has goods for sale, ami he doesu't advofiisc them, the *hsn«s are tb«i some day the Sheriff sY.il* *>« for him. "pdutkxkss Wβ civtlity «rc.,the b&»t capital ever invested in onsinesfs. Large stores, gilt signs, ilaming advertisements will ail proye unavailing if 'ycuor yoar employes treat yeurpatfpns The more felnd aod liberaT »

. c more generous will be the Patronage bestowed upon lilm. -~: nrP^ eSe^T c your it is .more S h an diamonds or rabies. The Tot fl alt thin e in life is to raafe e money dishonestly. Our prisons are full of men whoattcinptea to fallow this' course, r, . n^ n can be dishonest without soon beang f oUn d ont, and when his Jac-k of principle is discovered, nearly ererv avenue of success is closed against him for Tα *• honesfc ynot only lies at the foundation of all success in life financially, bu* in every other respect." ". *

INVEST JUDICIOUSLY

j Benjamin F. Butler, bem* asked topive flis ideas on the subject of fortane-makinjr, ! j says : "I think that more young men fail in i I the investment of what they earn or receive than in any other way to acquire property. The temptations to speculation are so great, a:id the desire to become suddenly rich so strong, that I believe eight out of ten, if not more, of young men are vrreeked at tlft very beginning. If a young man is earning something more than the expenses of his living, and has no object in view, he is likely i either to increase those expenses carelessly, or to loan his money to his friends, and in so doing in the majority of cases he | will lose both friend* and money, so that | the best tiling that he can do is to Lave an object, to gather up Ids money, and to have a call for it which shall be a profitable one. lie makes no investment, because he says, '• I have got so little money that it won't come to anything; I "'ill wait until I get more;" and in waiting, generally, what he has goes. When a young man has a very little money let him buy some property, preferably a piece, however small, according to his means, of IMPROVED REAL ESTATE. That is paying rent. He had better buy it when sold at auction, under a judicial ! sale, paying in cash what he can, giving ! his notes for the balance-' in small sums coiniug due at frequently recurring intervals, secured by a mortgage on the property, and then use all his extra paying up those notes. It is always safe to discount your own note, and if the notes come a little too fast as soon as he gets anything paid his friends will aid Jiim when he is putting his money where it cannot be lost, and whore the property I is taking care of the interest, and in a very ■ short time he will tied that he liasgota very j considerable investment, lie will become ! interested in it, save ins money to meot iiis notes, and will directly come- into a considerable possession of property, and hardly know how it came to him. That is, he will have had a motive fer saving, and will not be tempted to enter into speculations. Nothing is so safe for an investment as improved real estate. Nothing is likely to grow in value faster. In the last fifty years ninety per cent of all the merchants and traders in Boston have failed. In the last fifty years ninety per cent of ail the business corporations ; have failed . Or gone out of business, -so that their stock has been Wiped out. In the last fifty years all the improved real estate, oli the average, has paid its interest and. taxes and quadrupled in Value. If a young man's father can give him anything to start him in the wjrlci. lie'had better invest in that way vuu let it accumulate and earn his living and he will be richer then if he had gone into business. Jay Gould is said to. have started from a mouse-trap seller to become a millionaire. Assuming that to be true, he is only one of 60,000,000 of people; and if any young man thinks that he is going to imitate Jay Gould,, there are (50.000,000.0f chances to one that he won't, succeed. "The rule I would lay down for a young man is KEVER BO A. MEAN THING T For money. Be prudent and saving of your money. Be careful to have no interest; account running against yon unless you have an equal or greater interest account running in your favour. Work diligently and you are sure of a competency in your old age, and as early as possible, if you can find a saving, prudent girl, who has been brought up by a mother who knows how to take care of a house and make a wife of her, she will aid, and not .hinder you." . ' SHUN THK PROFESSIONS. ■ . Erastus Wim.an, who has been a remarkably successful man, says : " To most younjr men who want to make money rapidly, the choice of occupation is one of the most momentous of decisions. Professional life has the greatest charm to many, i >om the necessity of culture, the higher of intelligence and refinement, and tho compai-ativc degree of social re- j speti ability which professional life is sup-! posed to attain. But it is rare that the professional man, If he sticks to Jiis profession, ctec make much money. Tho results he a'cliievej: are the results of his own exclusive effort. He may have clerks and; assistants, but the bulk of the earnings of his establislnnent is what he himself individually earns. With a business man it is different. He makes many OTHKH« WOBK FOR HIM '\nd he get* a profit from the labour of eaili. With a manufacturer this is particularly the case, for he ppckets.the profit ! from *he employment of the natural forces which move his machinery, and from the labour ot the many hundreds that help to make his fortune. The banker, too, has I the benefit of a constant addition to his accumulations by the steady growth of ! interest, which day and night goee resistlessly oil its way. Hence, whether the business man goes or comes, whether the manufacturer is absent or present, or the banker works or plays, the steady stream of e&ruings goes on, With the professional mail it is not so. If he stops, the earning power ceases; and when he is dead and gone the force that made his money is buried with him. Hence, it would seem that if there is a great desire among young men to make nioney rapidly, there Is no justification for crowding the professions to the extent to which they are j now crowded; and that the chances for ! fortunes arc larger in avocations whore profit can be wrested from the employ- j merit of the brains and bodies of others. •'lt is certain that, of all the ways by i which to acquire wealth by a young man, SPECULATION IS NOT THE BEST. Speculation in stock and bonds fill a larger place In the attempt of a great j body of people to gee rich than almost any other single pursuit, and yet, U is safe to say, with a result far less s-v isfactory than attends any other eflbr involving such tremendous results. The vast expenses of Wall Street, and the 10,000 dependencies iv the shape of broker's officce, which now permeate the country, are sustained by the losses of one or other party to the trade. The jeciirringcrqp of lambs', or unshorn sheep, that are.perennially sacrificed to the pod of mammon in the dealings of stock ate just as essential to nay the business and living expenses of those concerned in this -traffic as are the wages paid to the hands in a factory or on f ar ai, and yet all this money is derived from <v«t§ l 5 • t^,c s " n ?lc oßes ar e always leavfue ttia *avJugs of parents, or the trust funds of friends tcswoT, th ; s venule. The gain of one is tne * oss °* ' ne other, an d the expense of carrying on the trade ; s in the mean time, absorbing so large a 'pjipnof the principal, that few get out of the financially alive. The legitimate trade, the honest routine of life is the true basis for all good fortune; and' what is better, is the true preparation ', for its enjoyment and its retention, if ever -'t is achieved. It may not be within the power oia*T!7 V i' OU fS . to "WW a crreat fortune, bat •#„. J§ wlthm the power ■ of all to-merit the application of the words j , the ancient philosopher: "It is not in mortals to command success. We will do better Semprpnias-rWe will deserve ifc.^