New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-01-20

rccip-ocation Of honest dealings. These last two
rules VII not make Won wealthy without the hrst
two blt they viii greatly add to your power of ac'
cumulating wealth. and shorten the time OF us at
taiIment.
To Illustrate this: At the present rate Of wages,
! any mechanic can easily save 900 IN year III IS
entirely futile to say this VIII deprive himof many
comforts, because the eternal laws Of night have
determined that these pryatlons are the price Wmen
must be paid 10 secure the advantages winch wealth.
brings. Let the case be that of a young man Just
II. Ii he saves 800 year, and burles II IN the
ground in 20 wears be will have 900. This is 6
case where no intelligence j. required TO invest,
and 10 conscience wanted 10 gain the confidence OF
others. Suppose the same young man puts $lOc
every six months into d savings bank at per cent
interest, payable half-yeary and allows the princl'
pal to remain. In ten years be would nave $Z,o9o'
| which viii yield him sl6l year interest as IT,
! ward for his self-denial.
! Now sl6f is more than equal 70 the wages OF TWO
hours work day; that in ~ years the journey
man might work only eight hours ana ms income
would be greater by s6 than 1t IS under the ten
hour system. IL is long time 10 wait, but It is
case where industry, frugaty, and moderate
amount Of intelligence are displayed. Let HIM add
more intelligence in the investing and conscience,
80 that no may inspire confidence, and he can do
much better.
| Conscience, which is the principle OF honesty,
Will make young men trust each other. With That,
and 800 each 10 start business, they can supply
each other with goods. Let 100 of them unite
their capital and they win have $4,000 To begin
with, and, add $4,000 every six months, leaving
the interest 20 accrue, with this capital they
might set up tailors shop, bakery, and shoe
shop at least. with other trades as thor capital IN
creases The profits or invested capital, would
Weld 20 per cent, payable every six months In -
years, the compounded interest and savings would
amount 70 SglS, which, az 20 per cent, would yield
3lS9 year; 30 that by the time these young men
l 81. IatFn
exceeding their present one by Sf3 year, and only
work eight hours. This would yield them surplus
witt which to enjoy their leisure. In y years
more they might save another S9ls, spending 81
and could either again shorten their hours OF labor
raj Sc their standard of living by gratifying tbeI
tastes for things of ornament or use.
Our solution of tho problem then Is: Let every
man strive TO become capitalist invest ms money
wisely; then he will enjoy the Dement'S OF Owning
capital. There are many advantages which would
grow out of this arrangement, but they must BE-
left 20 the future 10 discuss. We, therefore, main
tain that il is the duty OF every workngman tosAye
something every year. Unless the iournoymcn
adopt some plan embOdying these suggestions, We
must decline 10 encourage Iourneyuen IN these
complaints of tho oppression OF the Iich and the
eXortion of spectators, because II Is unreasonable
in them 20 ask Others to reform, when they them
selves are supine. We have another reason;
Population is constantly upon the increase, ana u
less there is IN increase of capital pTop0ruonale Ia
the increase of population, the capitalists VIII DC
unable to give wages to all, or else each man must
/ be content with being worse and worse eoh every
year until at last the community would relapse into
state of harbarism Now We refuse 20 70 back
into barbarism; therefore, We uphold tho present
system of capitalists, spectators, mddle'mon
as thebest under the circumstances. u the working
men will not save. then VIC must allow merchants
TO mako good profits, 20 that hcV nay save, and
Tins provide this fund of wealth Whlchs absolute
necessary to pay wages TO those who are too M
provident 10 save FOR themselyes.