Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1867-01-18
A New Years Story for Young Men.

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AS an incentive to save, and an evidence
of how rapidly capital, judiciously invested,
will increase, we may mention a little incl
dent that has just come to our knowledge.
A few days ago the circle Of active business
men was shocked by the announcement of
the sudden death Of Edward c. Dale, Esq,
president Of the Norristown Railroad Com
pany, and vice president Of the Franklin
Fire Insurance Company. In 1850, sixteen
years ago, Mr.. Dale retired from the Office
of prothonotary of the District Court Of this
city, with $14,9 800 as the net proceeds of his
tenure in office, and AS he at the time avowed,
about all of his earthly possessions. This
sum he placed in the hands Of Amos Phil
lips, a personal friend and shrewd manager
of money, without written acknowledgement
to be used as his own, and to make return to
him or to his heirs when called on. The fact
of this deposit, thus made sixteen years ago,
was known in Mr.. DIS lifetime only to the
parties Immediately connected with it, and
Mr. D. having died suddenly, leaving no
will or other record of this particular invest
ment, from which he had never drawn any
thing, and which had steadily increased, his
heirs, a son and daughter, on Friday last,
were not little surprised to receive from Mr.
Phillips, in frst-class securities and cash, the
handsome sum Of $50,416. Though Mr..
Dale had subsequently made and saved since
his deposit Of Sl4, 900 with Mr.. Phillips. in
1850, a handsome estate, these unknown Sc
curities passed over by Mr.. Phillips was a
perfect wipdfall The growth Of the deposit
was mainly in interest--the securities invest
ed in being entirely Of reliable character.
At six per cent. the sum would double in
about eleven years, making, say, $3.50, 900,
and in seven years since, about two-ffths
more would be added to the $50 900, ma
king, without speculative ventures: the sum
paid over to the heirs This simple transac-
ton demonstrates the important fact that fif-
teen thousand dollars saved and invested at
thirty years of age, is worth as much as six
ty thousand at ffty-tw years. Thus let the
young remember the important fact of begin
ming to lay up early.-Phizadelphia Ledy-
en-. @ fF
PURSUIT OF KNOWLEDGE UNDER Difficult
TIES. The following is most remarkable
and praiseworthy instance Of what persever-
ance and industry, rightly directed, are able
TO effect. Among the graduating class of the
last commencement at Villains college, was
one by the name of Condit, from Jersey
The gentleman is shoemaker, married, and
has family Of four children. Six years ago,
becoming sensible Of the blessings Of an edu-
cation, he commenced learning the simple
branches, such as are taught in our primary
Eschools. One by one, as he SAT on his shoe
makers bench, he mastered grammar, arith
metic, geography, &C., with some occasional
assistance from his workmen At this
time he determined to obtain collegiate ed
ucation Without means, and with large
family depending on him for support, he com
menced and learned Latin and Greek, in the
evening, after his days labor was over, un-
der the direction Of a friend; and after tho
lapse of a year and a half, prepared himself
and entered the sophomore class at Williams
College
! He brought his bench and tools, as wei
as his books, with him. The students sup
piled him with work the faculty assisted
him; and with the fund for INDECENT STUDENT
and some occasional assistance from othe
sources, he was enabled to go through tn
college course, and at the same time supper
his family. He graduated on his birth day
aged thirty-two. lie stood high in his class
and received a part at commencement but de
clined. AT the farewell meeting Of the class
in consideration Of his perseverance, talents
Christian character, they presented him witt
an elegant set Of silver spoons, tea and table
each handsomely engraved with an appropri
ate inscription. M
Mr.. Condit will now enter the Theological
Seminary at New York, and will no doub
make faithful and popular minister
What young man in this country will e7
CT, after such an example as this, despair c
obtaining an education ?-Eachange