How To Get Rich

Text of How To Get Rich - I am fr

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I am free to say that if Christianity really means an exaggerated taste for
poverty ; if the true doctrine of Jesus is that poverty is a condition of salvation,
then I think Christianity is wrong and the doctrine of Jesus was in error. I
rather interpret it to mean fidelity in the use, a stewardship of our gifts in the
light of a Christian sympathy and a Christian love ; and where we fail of using
our gifts in faithfulness to the higher demands of life, there must be the inevit-
able penalty of losing forever the stewardship of unspeakably grander riches.

Text of How To Get Rich - It is n

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It is not otherwise in religion. Its demand upon us is always just where we
least expect it, for there is where we have forgotten its real requirement, and
there the eye of sincerity and spiritual eleviition falls in a moment upon the fatal
defect. It asks our offering just where and how it is hardest to give it. Some
will perform all legal conceptions of duty with painful exactness, and others will
give with the most abandoned liberality � pour out their wealth in the services
of charity and religion � and both alike lack the one essential grace which opens
eternal life.

Text of How To Get Rich - and tha

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and that is not only what every reformer demands, it is what in every case we
alwajTS give when we are thoroughly in earnest. No successful man has divided
interests. Everything is in subjection to his one great aim. The moment any
stronger desire, any more engrossing object, any less worthy pursuit, comes in
to defeat that, eternal life � which is always nothing more than the pursuit and
gain of the best things � is lost.

Text of How To Get Rich - HOW TO

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HOW TO GET RICH. 45

Text of How To Get Rich - The sec

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The secret of the parable and of this question, which is ever one of the most
serious ones to the world, I take it, lies here : In the first place, Jesus demanded
supreme, unrestricted devotion to his cause, at the sacrifice of everything else.

Text of How To Get Rich - The dem

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The demand of Jesus staggered and overwhelmed the young man. It was
intended to bring him to a closer self-knowledge, and to a healthier moral state
by the disclosure of his greatest weakness. He thought he cared for nothing
in comparison with gaining eternal life ; he could now judge for himself if it
were really so. Then there were two sorrowing ones. The young man went
away sorrowful, and we can hear Jesus sorrowfully saying : " How hardly shall
they that have riches enter into the kingdom of God." They were strange and
perplexing words to the disciples. Like all Jews, they had been accustomed to
regard worldly prosperity as a special mark of the favor of God, for the Old
Testament almost throughout connects the enjoyment of temporal blessings
with obedience to the divine law.

Text of How To Get Rich - **Now,

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**Now, I think it would be about $6,000" � with that strange fatality we
have of placing ourselves within the charmed limits, as we think that total
depravity is a good doctrine for the world at large, but confidently expect, for
ourselves, to escape its penalties.

Text of How To Get Rich - *' And

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*' And what would you make the possession, now, above which would shut
one out from heaven ? "

Text of How To Get Rich - " Yes,"

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" Yes," was the response ; " I hold to the principle just the same, only I think
I should change the limit a little."

Text of How To Get Rich - It so h

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It so happened that some time afterward he fell heir to a small estate, and
my friend meeting him again, and asking him about the conversation they once
had, wanted to know if he still held to his former opinion.

Text of How To Get Rich - After a

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After a pause, while he was evidently computing the value of his possessions,
he added very positively : " I think the limit is about $2,000."

Text of How To Get Rich - '' Well

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'' Well," was the reply, " I wish you would tell me just what you think the
limit is which closes the doors of the heavenly kingdom."

Text of How To Get Rich - Not lon

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Not long since a man more acquainted with the letter of scripture than with
the surroundings of wealth, and inclined to look upon the latter as entirely
antagonistic to religion, said to a friend of mine : " It is of no use to suggest
that there is any hope for a rich man, for does not the scripture say it is easier
for a camel to go through the eye of a needle than for a rich man to enter the
kingdom of heaven ? And if you think of the needle and the camel you see how
impossible it must be."

Text of How To Get Rich - 44 HOW

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44 HOW TO GET RICH.

Text of How To Get Rich - I suppo

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I suppose it is just such parables as these which make thousands of persons
regard Christianity as a religion entirely ideal, impractical, and forever apart
from this world; and nothing, perhaps, has done so much to weaken Christi-
anity as the constant preaching of it as a religion in which poverty is the chief
condition of salvation� the condition against which Christiam nations, beyond
all others, are most diligently striving � and on the other hand, the general
servility of the pulpit before wealth.

Text of How To Get Rich - About t

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About this time, in the ministry of Jesus, we have two or three parables
which bring before us his teachings in regard to riches and their use � the rich
man and Lazarus, the steward and his lord, and especially the story of the young
man of exemplary character who wanted to know of Jesus what special work
would secure to him the kingdom of God. It was not enough to hear in
reply, " Obedience to the commandments " he had learned, and which he could
truly say he had kept from his childhood up. He knew himself there was some-
thing wanting. It required no very keen perceptions from the great spiritual
teacher to read his heart in a moment, and to see that his life had not risen
above the outward service of the letter, and to also see there was real worth of
character in the earnest desire to know what more was required of him. ^If
your desire for eternal life be complete and supreme, go home, sell all that you
have and give it to the poor, and, instead of earthly riches, gain treasures in
heaven.'*

Text of How To Get Rich - Rev. Ja

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Rev. James De Norman die is pastor of the First Church (Congregational-
Unitarian) in Boston Highlands, and preaches from the pulpit occupied for over
half a century by Eliot. Mr. De Normandie lives in a fine mansion in Roxbury,
having evidently a fair share of this world's goods, and when he talks of wealth,
doubtless speaks with more experience than the average minister of the gospel.
In a recent sermon he said :

Text of How To Get Rich - A Clerg

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A Clergyman's Views on their Relation to Each Other.

Text of How To Get Rich - RICHES

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RICHES AND RELIGION.

Text of How To Get Rich - HOW TO

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HOW TO GET RICH. 43

Text of How To Get Rich - Farewel

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Farewell! my blessing season this in thee ! "

Text of How To Get Rich - Thou ca

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Thou canst not then be false to any man.

Text of How To Get Rich - And it

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And it must follow, as the night the day,

Text of How To Get Rich - This ab

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This above all � to thine own self be true ;

Text of How To Get Rich - And bor

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And borrowing dulls the edge of husbandry.

Text of How To Get Rich - For loa

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For loan oft loses both itself and friend,

Text of How To Get Rich - Neither

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Neither a borrower, nor a lender be ;

Text of How To Get Rich - Are mos

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Are most select and generous in that

Text of How To Get Rich - And the

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And they in France, of the best rank and station.

Text of How To Get Rich - For the

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For the apparel oft proclaims the man ;

Text of How To Get Rich - But not

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But not expressed in fancy ; rich, not gaudy:

Text of How To Get Rich - Costly

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Costly thy habit as thy purse can buy.

Text of How To Get Rich - Take ea

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Take each man's censure, but reserve thy judgment

Text of How To Get Rich - Give ev

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Give every man thine ear, but few thy voice ;

Text of How To Get Rich - Bear 't

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Bear 't, that th* opposed may beware of thee.

Text of How To Get Rich - Of entr

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Of entrance to a quarrel; but, being in.

Text of How To Get Rich - 42 HOW

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42 HOW TO GET RICH.

Text of How To Get Rich - ** Polo

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** Polonius. * ? ? There, my blessing with you ;
And these few precepts in thy memory
See thou character. Give thy thoughts no tongue.
Nor any unproportion'd thought his act.
Be thou familiar, but by no means vidgar :
The friends thou hast, and their adoption tried,
Grapple them to thy soul with hooks of steel ;
But do not dull thy palm with entertainment
Of each new-hatch*d, unfledg'd comrade. Beware

Text of How To Get Rich - The quo

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The quotation from Shakespeare referred to by Mr. Sage is in " Hamlet."
It is the advice given by Polonius to his son Laertes, who is about to leave
Denmark for France :

Text of How To Get Rich - Dear Si

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Dear Sir : Your favor received. Mr. Sage requests me to say for him to
you that the only hint that he can give to young men on the acquirement of
wealth is to save your money. When Mr. Sage was a young man, back in the
forties, he committed to memory the advice of Polonius to Laertes, and has
tried to live up to the " few precepts " in that wise advice. Mr. Sage thinks if
all young men were to do the same, it would follow, as the night the day, that
they could not then be false to any man, and would inevitably become wealthy.

Text of How To Get Rich - Precept

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Precepts Mr. Sage has Followed.

Text of How To Get Rich - went to

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went to Wall Street with a capital of $800,000, and has been successful in every*
thing he speculated in. There is no more familiar name or figure in Wall
Street than that of Russell Sage, who would strike a stranger upon sight as
being a deacon of a Congregational church. Small dealers know him particu-
larly on account of his transactions in " puts," " calls," and other " privileges,"
and it is a well-known fact that Mr. Sage has always honored these contracts,
no matter at what personal sacrifice. By his immense dealings in '* privileges *'
he has gained the sobriquet of ** Old Straddle," and by some is known as ** Old
Integrity." Mr. Sage is very regular and temperate in his habits, and is not
addicted to the use of tobacco. He is always neatly but plainly dressed. He
probably never paid more than twenty-five dollars for a suit of clothes in his life,
and is frugal in all his ways, not because he loves money, but because he takes
no pleasure in having anything not required for comfort. He is by some
regarded as being parsimonious, and doubtless believes, as he says below, that
the way to get rich is to " save money." In answer to a request for some points
for young men, Mr. Sage replied through his secretary as follows .

Text of How To Get Rich - HOW TO

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HOW TO GET RICH. 41

Text of How To Get Rich - fifteen

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fifteen a clerk for h s
brother in Troy and
three jears afterward
became a partner. He then bouRhl a vessel and engaged m the gram and
provisioD trade, when his nealth accumulated rapidly. He also made consider-
able money furnishing supplies for the navy, and in managing the sale of the
Schenectady & Troy Railroad to the New York Central combination in i852'
About the same time he was instrumental in founding the Commercial Bank of
Troy. He is a Republican, and has served two teims in Congress. In lS6a he

Text of How To Get Rich - ; of

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; of

Text of How To Get Rich - Russell

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Russell Sack is one
of the money kings of
America He started
inlife no better off com
paratively speaking
than the average man
Toiiy he is worth
many millions His
great fortune was ac
cumulated by energy
pnideace and business
tact He was bom in
Verona, N Y August
[8t6 An active
honest and nielligenl
boy he was forced to
look after h s penn es

Text of How To Get Rich - � Milli

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� Millionaire Profited by the Advice of the Poet.

Text of How To Get Rich - SAGE AN

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SAGE AND SHAKESPEARE.

Text of How To Get Rich - C. A. P

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C. A. Pillsbury.

Text of How To Get Rich - can pre

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can prevent success.

Text of How To Get Rich - Second

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Second � Never overrate your own ability, nor underrate that of your compe-
titors. Follow this rule carefully, and then do not locate yourself in business
where you are not confident that you are at least the equal of those who will be
your competitors, either in natural ability or in willingness to work early or late,
in season or out of season, in order that any differences in natural ability may
be overcome in this way. My experience is, that between natural ability and
hard work the latter will always win. When the two are in combination nothing

Text of How To Get Rich - /�j/ �

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/�j/ � When a young man commences a business life by working in the
employ of others, let him strive not simply to earn his salary, and to give satis-
faction to his employers, but let him aim to do all he has strength to do, and to
earn his salary many times over. In my first business years it was no uncom-
mon thing for me to work all night until breakfast time, a thing I was not
expected nor asked to do. If a young man will follow the rule of trying to
make his services many times more valuable than his salary, either his employer
or some one else will appreciate him. There are always a few vacant places
left for such kind of men, and their employers have very little to say as to their
salaries.

Text of How To Get Rich - Dear Si

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Dear Sir : There are tv70 hints which, perhaps, may be practical to young
men in addition to those always given on such occasions :

Text of How To Get Rich - Two Hin

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Two Hints from Mr. Pillsbury.

Text of How To Get Rich - good op

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good opening he made it his home. Flour milling, as now carried on, was then
in its infancy. Mr. Pillsbury bought an interest in a three hundred-barrel mill,
and at once turned his attention to perfecting the patent process of purifying
middlings, which was then beginning to excite the interest and hopes of millers.
From this small beginning was developed the immense flouring business of C.
A. Pillsbury & Co., the magnitude of which is very well known to the public.
Mr. Pillsbury, who is a Republican in politics, has served several terms in the
State Sf nate, and has distinguished himself in financial and other matters. His
course in life has been a successful one, and the following advice from him
will prove of interest and value to young men :

Text of How To Get Rich - HOW TO

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HOW TO GET RICH. 39

Text of How To Get Rich - PiLLSBU

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PiLLSBURV, who i9 now
at the head of a Min-
neapolis establishment
which turns out 10,000
battels of floor every
ivorking day of the year,
was botn in lS42,atWar-
ner, N. H. He went to
village school until
he was twelve years old,
Bexcepting one year, dur-
; which he attended
; academy at New Lon-
11, a neighboring town.
When he was twelve
years old his father re-
moved to Concord, where
he became a pupil in the cityschool, from which he graduated at sixteen. Enter-
ing Dartmouth College immediately afterward, he graduated from Ihal institution
just before he was twenty-one. He was a newsboy on the streets of Concord
when a boy, his father then being in moderate circumstances, and he was glad to
utilize his vacations while at college by teaching school. Leaving college, he went
to Montreal and spent several years there, first as clerk, and latterly as partner
in a produce and commission business, and in the spring of 1S69 he went to
Minneapolis on a visit to his uncle, J. S. Pillsbury, subsequently Governor, then
engaged in the hardware business, and thinking that the town presented a

Text of How To Get Rich - 3 A.

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3 A.

Text of How To Get Rich - Mr

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Text of How To Get Rich - Thi Min

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Thi Minmiapous Flour King an Advocate of Hard Wokk.

Text of How To Get Rich - POINTS

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POINTS FROM MILLER PILLSBURY.

Text of How To Get Rich - HOW TO

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HOW TO GBT RICH.

Text of How To Get Rich - Dear Si

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Dear Sir : In regard to the art of growing rich, or of making money, I will
say that the only way I know is to be industrious and economical, and to use
good judgment in the investment of savings. Oliver Ames.

Text of How To Get Rich - The Onl

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The Only Way.

Text of How To Get Rich - With al

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With all his experience in financial a�Eairs, the following conclusion has been
reached by Governor Ames :

Text of How To Get Rich - being a

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being a mere speculator, he has been what might be called a bold operator in
the stock market, being always ready to invest at times when others would fear
to touch certain securities, and having the rare faculty of knowing just when to
sell, after a reasonable advance had occurred, and having the courage to sell
then, and not wait for a still further advance which might or might not come.
In business matters Oliver Ames is regarded as the soul of honor, and the pos-
session of large means by him and his family has been coupled with a large
public spirit, shown in the Oakes Ames Memorial Hall in North Easton, and
other fine public buildings, and many notable illustrations of liberality.

Text of How To Get Rich - HOW TO

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HOW TO GET RICH. 37

Text of How To Get Rich - In 1873

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In 1873, when he had been in the shovel business for twenty-five years, his
father, Oakes Ames died, leaving an immense estate, but it was scattered in almost
every State in the Union, and was dreadfully involved in debt. The indebted-
ness amounted to ^,000,000, while an appraisal of the assets led to the belief that
the unsecured creditors could hardly hope to get more than forty cents on a
dollar. Most of 01iver*s earnings in the factory had been loaned to his father
so that financial ruin stared him in the face on all sides. But in spite of the
panic which came six months after his father's death, in spite of the over-
whelming load of indebtedness, in spite of the fact that the most intricate prob-
lems of financial management presented themselves on all sides, he succeeded in
making the estate pay the debts dollar for dollar, and there was enough left to
pay a million dollars of legacies, and leave a surplus besides for the residuary
legatees. Since that time Oliver Ames has, owing to his great ability as a busi-
ness man, climbed rapidly up the steep hill of fortune. His interests have
grown immensely. He has acquired large railway and other interests, and has
for years been an extensive and successful dealer in railway securities. Without

Text of How To Get Rich - Mr. Ame

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Mr. Ames was not a holder of civil office in these years, but took an earnest
interest in military affairs, and rose from the rank of lieutenant to lieutenant-
colonel in the State militia. He was elected to the Massachusetts Senate for
the year 1880, and was re-elected for the succeeding year. He had always been
a sound Republican in politics, and was locally prominent in that organization.
In 1882 he was nominated for Lieutenant-Governor on the ticket with Hon.
Robert R. Bishop for Governor. The head of the ticket was defeated by
General Butler, but the rest of the ticket was handsomely elected. In 1883 Mr.
Ames was again elected, with Mr. Robinson for Governor ; and " Robinson and
Ames" were also successful in 1885. Mr. Ames was chosen Governor of Massa-
chusetts in 1S86, and re-elected in 1887.

Text of How To Get Rich - then fo

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then followed the Ames fashion of going into his father's shovel works, and
mastering the trade in all its details, in a close apprenticeship of five years. At
the age of twenty he went to Providence, and took a special course under Presi-
dent Wayland at Brown University. Then returning to North Easton he
entered into business, and showed the family mechanical bent by several valu-
able inventions, which were utilized in the concern with which he was afterwards
connected, the style of which was Oliver Ames & Sons. He became a member
of the firm in 1863, and for several years he personally superintended the various
departments of the immense establishment.

Text of How To Get Rich - 36 HO

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36 HOW TO GET RICH.

Text of How To Get Rich - Oliver

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Oliver Ames at first attended the public schools of his native town, and
afterwards Che academies of North Attleborough, Leicester and Easton. He

Text of How To Get Rich - the man

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the manufacture of shovels, a business which has grown to great proportions,
and become one of the leading ones in its line of manufacture in the country-
Oliver Ames had two sons, whom he brought up in the business, associating
them with him in it. The elder of these sons, Oakes Ames, was the father of
Governor Ames. The Ames family is one which fills no small part in the his-
tory of Massachusetts as well as no inconsiderable place in the affairs of the
nation in the past twenty^five years. In the industrial interests of the Common-
wealth, and in the great railroad enterprises of the country, the name of Ames is
specially prominent.

Text of How To Get Rich - Governo

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Governor Olivek Aues, nho
counts his wealth by the millions,
and occupies one of the finest re�-
dences in Boston, nas bom in
North Easton, Mass., Februaiy 4,
1831 Mr Ames is descended from
good New England stock, and can
look back over his lines of ancestry
on both sides, and trace the names
of many good and distinguished
people In the early part of the
present century his grandfather,
Oliver Ames, who was a fine me-
chanic, moved to North Easton
� from Springfield, and established

Text of How To Get Rich - ACQUIRE

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ACQUIRED BV Industry and

Text of How To Get Rich - Wealthy

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Wealthy Governor Ames savs it is to b
Economy.

Text of How To Get Rich - MONEY B

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MONEY BY THE SHOVELFUL.

Text of How To Get Rich - HOW TO

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HOW TO CBT RICH.

Text of How To Get Rich - A. P. P

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A. P. Potter.

Text of How To Get Rich - success

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success. Yours truly,

Text of How To Get Rich - Dear Si

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Dear Sir : I know of no better advice to give a young man than to sug-
gest to him to select a business that is congenial to him. The nearer he gets to
something that the people want, the more certainty he has. Doing that, if he
be industrious, temperate and patient, he will have but one result, that is,

Text of How To Get Rich - Mr. Pot

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Mr. Potter's Suggestions.

Text of How To Get Rich - holds a

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holds a position honorable, responsible and commanding. Ever busy, he thus
briefly points out the road to success :

Text of How To Get Rich - 34 HO

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34 HOW TO GET RICH.

Text of How To Get Rich - Mr. Asa

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Mr. Asa Potter, President of
the Maverick National Banli of Bos-
ton, nas at the age of twenty (in
1858) clerk intheBankofthe Metro-
polis and bas for thirty years been
actively engaged in monetary aSairs,
^ till he has become one of the fore-
most bankets in the country. The
Bank of the Metropolis wo* a pri-
vate iDEtitatioD and during the ten
years following iS6i Mr. Potter was
a partner in the concern, which made
lai^e profits in 1871 the Bank of
the Metropolis was merged in the
Mavenck Bank of which Mr. Potter
was at that tune a director. About
1876 he became president of this
: institution and has remained in that
position ever since. The depositsof
thebankamounltoabouttto,ooa,ooo;
IS the sole bank in Boston dealing
government securities, and does
immense business, extending
throughout the country and especially la^e in the South. Mr. Potter has
devoted his best energies to his profession, has amassed a splendid fortune, and

Text of How To Get Rich - Signed

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Signed by the Well-Known Name of Mr. Asa P. Potter,

Text of How To Get Rich - A BANKE

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A BANKER'S NOTE,

Text of How To Get Rich - HOW TO

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HOW TO GET RICH.

Text of How To Get Rich - It is,

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It is, perhaps, most fortunate, that it is not always within the power of young
men to acquire fortunes by speculations, by combinations, by inventions, or by
the application of the inventions of others. The legitimate trade, the honest
plodding 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 it is achieved.
It may not be within the power of many a young man to acquire a great fortune,
but it is within the power of all to merit the application of the words of the
philosopher : " It is not in mortals to command success. We will do better�
Sempronius � we will deserve it 1 " Erastus Wiman.

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great good luck. Thus, from the Bessemer steel discovery, which by right
yielded a large return to many who were concerned in its promotion, down to
the patent which controls the device by which you accurately weigh yourself for
a nickel � for the ultimate benefit of the writer � the range is very wide, but
3rielding more than many a mine, and producing a daily income which a European
potentate might envy. The world, old as it is by its geological indications, is
very young yet in its application of forces and appliances to reduce the rocks
that tell of its age. So, in the vast range of articles in which pulverization is an
essential for human existence and human comfort, there has been the lowest
progress. The old-fashioned Chilian mill � fancy a mill invented hundreds of
years ago in Chili � is still the only thing that can be used to crush quartz in
New England for paint and porcelain. The old Burr stone, one grinding crudely
on another, is still the main reliance for two-thirds of the pulverizing processes
so essential to human sustentation. Yet two young men in Wisconsin will make
a great fortune � and I hope to help them to do it � by harnessing the cyclone,
confining it in a narrow iron chamber not bigger than a hall stove, and making
it do work such as giants could not do with trip hammers, run by all the power
of Niagara. In all the wide range of human achievements there are few things
which promise a greater change in existing modes than the simple generation
of air in imitation of a cyclone, and its application to the manifold processes of
reduction to powder, from the soft and pulpy rice hulls, through all the useful
articles of commerce, down to the hardest substances encountered in mining
in the bowels of the earth. So you see, wealth is acquired by invention, by
application of the invention, by its introduction to varied branches of business
by those who are already engaged therein ; and, perhaps, considerable additions
to the already abundant good fortune which, in this free land of unstinted
welcome, has been afforded to the writer who sends you these crude thoughts.

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32 HOW TO GET RICH.

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How far protection and heavy taxation of the many for the few may have
contributed to the fortunes of New England would be an interesting study for
young men; but manufacturers have been almost as much benefited by the
operations of the patent law as by the tariff. Thus, from very many American
patents great fortunes have been made, as witness the sewing machine successes,
especially the Mackay machine, and its influence on the shoe trade, the cotton tie
and numerous other mechanical devices, and, above all, the colossal gains result-
ing from the discovery and skilful handling of the Bell telephone. The intro-
duction and use of English patents in this country have been productive of

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trating the idea that fortunes result from combinations of old enterprises not
fully successful, quite as frequently as from new undertakings. I know of a little
operation in New York harbor, where a suburban means of communication
3rielded, within three years, $5,000,000 in good six per cent, securities, in return
for less than half a million originally put into it, while at the same time increas-
ing the service threefold, reducing the time thirty per cent., lessening the fares
materially, and enhancing real estate twenty-five per cent. Such, sometimes,
are the benefits of consolidation, finding their justification while yet yielding
fortunes. The large fortunes of the Standard oil potentates are the direct result
of combinations, and the list of those whose incomes so largely exceed the
incomes of princes in older lands, and who are noted as our richest aristocracy,
would include a great many whose good fortune was largely attributable to some
lucky combination. Just how far this thought may enlighten young men and
enable them to acquire wealth it is impossible to say ; but it will illustrate a
phase in our financial condition to direct their attention to the fact that competi-
tion is not the surest way to success, while combination is so far one of the best
ways yet discovered to get rich. We talk about the expenses of living, and the
high ratio of business expenses, losses by bad debts and other charges upon
efforts to acquire fortune, yet of all expenses that eat up profit and cost money,
none are so great as the expense of competition. There is a great deal said in
these days about monopoly, and the evils that result from it. But we hear little
as to the loss which needless competition causes ; of the fortunes that are lost in
the senseless bidding for business that is not big enough to yield a profit, and of
the cutting of prices, in the face of the cost of competition, which is ruinous to
all concerned. It is no wonder combinations bear fruit in the shape of great
fortune for a few, while thousands are wasting their lives and their money in the
vain attempt to achieve success where hundreds only could succeed.

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HOW TO GET RICH. 3 1

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The g^reat fortunes in the United States far exceed in number those of any
other land. It is safe to say that the number of persons in this country whose*
income reaches and exceeds $50,000 a year is much greater than prevails, in
proportion to population, elsewhere in the world. It would be impossible to
designate any one way in which accumulations that jrield these incomes have
been mostly acquired. Perhaps those fortunes which are mostly in men's minds
are those which are the result of combinations. Thus, the Vanderbilt wealth
came not so largely from the thrift and enterprise of the famous commodore, as
from the combinations which, late in life, he made, first between the competing
lines of the Hudson River and Harlem Railroads, supplemented by the still
greater combination with that of the New York Central line. Combinations are
certainly the basis of the vast fortune of Mr. Jay Gould, whose deal in combin-
ing the telegraph systems alone, and its subsequent operations, it is said, netted
him a solid $10,000,000. The eastern railway combinations and their results are
so familiar to your readers that it is almost unnecessary to quote them as illus-

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place in the attempt of a great body of people to get rich than almost any other
single pursuit, and yet, it is safe to say, with a result far less satisfactory than
attends any other effort involving such tremendous results. The vast expenses
of Wall Street, and the 10,000 dependencies in the shape of brokers' offices
which now permeate the country, are sustained by the losses of one or other
party to the trade. The recurring crop of lambs, or unshorn sheep, that are
perennially sacrificed to the god of mammon in the dealings of stock are just as
essential to pay the business and living expenses of those concerned in this
traffic as are the wages paid to the hands in a factory or on a farm, and yet, all
this money is derived from outside; the simple ones are always leaving the
savings of parents, or the trust funds of friends to swell this volume. The g^ain
of one is the loss of the other, and the expense of carrying on the trade is, in
the meantime, absorbing so large a portion of the principal, that few get out of
the vortex financially alive. Profit to-day is loss to-morrow, and the young
man who would make money by speculation can have no worse calamity befall
him than to succeed. For just as sure as there is sun in the heavens, his first
success will be his final ruin. The amount of money left in Wall Street by losses
exceeds by a hundred-fold all that has ever been taken out of it by profits ; and the
young man who would rush in for profit to the whirlpool of a speculation which
he cannot control, or in the slightest degree mould to his advantage, might just
as well attempt to wrest his fortune from a game of dice loaded ag^ainst him.

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30 HOW TO GET RICH.

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It is certain that, of all the ways by which to acquire wealth by a young
man, speculation is not the best. Speculation in stocks and bonds fills a larger

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To most young men who want to make money rapidly the choice of occupa*
tion is one of the most momentous of decisions. Professional life has the great-
est charm to many, from the necessity of culture, the higher standard of intelli-
gence and refinement, and the comparative degree of social respectability which
profesional life is supposed to attain. But it is rare that the professional man,
if he sticks to his profession, can make much money. The results he achieves
are the results of his own exclusive effort. He may have clerks and assistants,
but the bulk of the earnings of his establishment is what he himself individually
earns. With a business man it is different. He makes many others work for
him, and he gets a profit from the labor of each. With a manufacturer this is par-
ticularly the case, for he pockets the profit from the employment of the natural
forces which move his machinery, and from the labor of the many hundreds
that help to make his fortune. The banker too, has the benefit of a constant
addition to his accumulations by the steady growth of interest, which day and
night goes resistlessly on 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 earnings goes on. With the professional man 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 money rapidly, there is no
justification for crowding the professions to the extent to which they are now
crowded ; and that the chances for fortune are larger in avocations where profit
can be wrested from the emplo3rment of the brains and bodies of others, or by
employing machinery, or living upon the monetary necessities ever present with
his fellow-man, he has chances of fortune which the professions rarely afford.

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are rich because they either inherited from others who possessed these virtues,
or that by early practising these virtues themselves they learned just how best
to make the most of every advantage offered them. For, after all, the occult or
talismanic power by which money is made is based on the simplest principles of
the multiplication table and the rule of three ; and whether learned by some of
us in the old log school-house, or by others in a more pretentious abode, the
same simple basis of calculation prevails. But how to successfully apply these
principles is the question of questions which a vast majority of the world is
endeavoring to solve.