Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1805-10-12

! well know that advice is seldom welcome
but 70 you l tender mine in confidence
that it will be well received, inasnuch a.
since the mournfnl period when il pleased
heaven to bsreave you Of your excellent
father, have in manner stood IN thai
endraring relation to~ard you, and have
hitherto received from you the constant To-
kens of RIIial gratitude and love.
In the first place. deal fairly and hold
Fast to integrity. Let no temptation oil
gain, on the one hand, nor any embarrass-
ment, on The other, ever lead you to step
aside from the path Of strict honesty.
For aside from the consideration of a So
lemn reckoning hereafter, !" honesty IS
the best policy !" it is tie surest way to
worldly thrift and prosperity. to ho-
nes,y there must be added great degree
OF Caution. lest you become dupe to the
arts Of the knavish. Many hopeful
young man has been led by the conscious
integrity of his own heart 10 such an over
wesnihg confidence in mankind as render
ed him an easy prey to cunning sharpers
and swindlers.
Unite care with diligence. Care pre-
serves what industry gains but the man
who attends to his business diligently, but
not carefully, throws away with one hand
what he gathers with the other. A man
in business should, as much as possible,
make use of his own eyes; at least. he
should have constant Oversight; of all his
concerns for If he leave this chiefly to
Others, il is ten TO one, that he will soon
Ind his circumstances embarrassed.
Endeavor to possess at all times a eriti-
cal knowledge of your real circumstances.
For this purpose, and indeed ip every res.
poet, exact order or method 10 business is
highly necessary. Men who do business
without method, a6t in the dark they
plunge along at random, rot knowing
where they place their STEPS. They
quickly find themselves bewldered and
embarrassed and there are many cham
ces against them for ore in lleir favor.
PrudentlY beware that ynar exprndi-
-tures do not outrun your incomes. The
style of living should contour to ones
personal circumstances and such sx-
penditures rs can be well Afforded By a
man of fortune, might be inevitably des
truEtive TO him who has his brtune yetto
make. IS Money, says the old .proverb,
makes money. When you have got III
tie and carefully saved it, I, IL often easy
10 get more. The great difficulty with q
beginner, is 10 get that little.' But If fru.
gahty does not store up whsl industry ac-
CURES, there can be no INCREASE of 6api-
tai.
Take heed of over tradipg,---If yoti ad.
venture beyond your depth. If depending
upon fictitious capital, you extend your
business very far beyond youc real capital.
the hazard of bankruptcy will be great.
Indeed in this case you would hazard nc,
ONLY your own property, but that of your
creditors which is hardly recontilab!e
with honest principIes.--. When the pro.
hts of trade happen 10 be greater than or
binary, cver-trading becomes general ef-
ror both among great and sp.all dealers :,
and sudden shift in The state of COM
merce, (such as frequently happeIs) pro.
duces general distress.
Reckon nothing Your own, that you owe
tor II is deposit placed in your hands
by your creditors which IL would be
fraudulent for you to use in such mar
ner as to eDdanger their intsrestss Debts
SN~'>N, oht S'S'} ftoisSol tiidii VIII 90
his endeavor to discharge his bona tide
debts with punstuality and honor.
Be ever Cautious ofrunnifg deeply Tito
debt. Flstiering prospcetsof great gain
in this way sometimes Occur, bat they Of
ten prove deIusive, and leave the too rash
adventures under an indispensable load.
Beware of changing yourself by i'm
prudent suretiships. There are divers
caveats IN the sacred volume against this
kind OF adventure & its fstal consequen-
ces have been often witnessed in our own
times and in almost ali paris ofthis coun-
try.--Especislly beware Of dealing too
largely in accommodated feyher for as in
such case, you must borrow the names
ofo,hers as cndorsers, you would freqacnt.
Iy find yourself under the necessity offend
ing your own name, in return, further
than prudence could diGiate. And as a
large number become linked together in
This way, the failure OF few of them
shocks the whole.
Persuaded that you will take these
friendly hints in good part and give them
their due weight in your mind and prsc.
tice, ] enly add, my dear nephew, the sin.
cere expression Of ny ardent wishes that
your honest and laudable efforts NAV be
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