Spirit of the times. [volume] (Ironton, Ohio) 1853-1858, 1855-01-16
BUSINESS.
From Freedley's Treatise on Business.
HOW TO BECOME WEALTHY.


/ Many Of those who have risen to ell.
evated positions by unlocking the golden
gates OF wealth, have favored the world
with very valuable opinions which they
regarded as the key to their success, and
recapitulation Of them in connected
form, which never has been done before,
will afford us entertainment, and perhaps
instruction. M
Rothsch;lds Opinion.-The founder
OF this world. renowned house, whose i'm.
mense transactions we may frequently
notice, is said to have ascribcd his early
success to the following rules:
/. | combined three profits; | made
the manufacturer my customer, and the
one bought Of my customer: that is, |
supplied the manufacturer with the raw
material, and dyes, on each Of which |
made profit, AMI took his manu(ac'
tured goods. which | sold at profit ;
and thus combined three profits.
2. Make bargain at once. BE an
of handed man.
8. Nerer haze anything to do with
an unlucky man or place. have seen
), many clever men who had not shoes 10
r their feet. never act with them their
, advice sounds very we'll, but Fate is a,
gains, them they canno, get on them
selves how can they help me ?
4. BE cautious and bold. 1t requires
great deal Of holiness and gree.
) deal Of caution 70 ~. !m..asea great fortune,
and ,chcn you haze got ii, it requires
. ten times as much ,oit to Keep it,"
The continued prosperity Of the en-
inent banking house Of the Rothschilds
i lis ascribed in the following biographical
/ extract, to two principles F.: "He who
does not delay for casualties, and has
knowledge enough to perceive that in a
great affairs the success not only depends
on the choice and use of the favorable
q moment, but especially on the pursuit O
!. an acknowledged fundamental ma1im
will soon perceive that two principles
v we're never neglected by this baking;
!. house f; to which, besides 10 pruden
II performance Of its business and 10 ad
IS vantageous conjunctures, it owes th'
|. greatest part Of its present wealth ant
responsibility.
% "The first OF these was that whicl
al caused the brothers to carry on their bu
v siness in perpetual uninterrupted com
/. munion. This was the golden rule be
qucathed TO them by their dying father
10 Since his death, every proposition, lie
!. it come from whom It may, is the objec
"a Of their common deliberations. Ever
10 important undertaking is carried on b
IN combined effort, after plan agree
upon, and all have an equal chance i
as The result. Though for several years
their customary residences were very re
Of mote, this circumstance could never ir
rs tcrrupt their harmony il rather CAV
n. them this advantage, that they were pc
fec,ly we'll instructed in the conditio
Cd Of things in the ,lfferent capitals-th'
,er each Of them on his part, could bett'
Ter prepare and initiate the affairs undcrt
Ter ken by the firm. The second pyiacip
in perpetual uiew Of this house Is, ~
IRE to seek an excessive profit in any umde
srs taking to assign certain lmitsto eve
/ a enterprise. and as much as human pr
be-. dence and caution can do, to NAL
re. themselves Independent Of the play
accidents" %ss r .r
"l Stephen Girard was born on the "a
ted Of May. 1850, within the environs
My T,orde aux, in France. He sailed to (,
INST West Indies as cabin. boy, when on
twelve years Of ago; and, after residl
the there some time. removed 10 the Unit
did States. He followed the sea, as rca
- captain. and part ownerof q vessel, q
the finally accumulated some money. =
md entered into o partnership with lisa
He zelhurst of Philadslphis, and p,
,se; chased two vessels TO commence the
his Domingo trade !; but they we're captul
re, ana That ajssplysd the firm. !. !. n;
70 During H,r var. he va u Mo.
Holly, Ia de busfness Of Boitlink Gle
will I'D cider. In-i17e. b rstorned 10 2
Il l ladel phia. ipd entered upon the n
';xs II Odssns and 81. Dominso trade.
f IS 4 ". u