The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-05-13
MOHEY.MAKIHs.
Ho,g b lIal.e . Fortnne.


follow certain plain directions. The
frat thing to be done Is to arrive at q
thorough understanding Of the rela.
j. tiors OF the individual TO the govern.
ment under which he lives. Every
one, then, who wishes to make money
4 aud keep it by secure tenure, SHOULD
read the Constitution OF the United
States and the laws Of hts own State
and thereby inform himself Of his duty
as a citizen, this being the first princI
pie Of selE-interest."
This Is the drst step. The next Il
labor-hard work. Mr.. Davies believes
in thoroughness. EFF" he says, "yoU
want a lawyer to manage an important
case, do you employ poor one? II
you are dangerously sick, do you
employ poor physician2 If you
want a good servant, do you
take a greenhOFn II you want
good, capable and Trustworthy
clerk, do you hire one having none Of
these qualities3 If you want a good
thing Of any kind, Is it Of no cOnse-
queuce whether you employ an honest
/ or dishonest man to get 1t for you? II
you want good job Of carpentry done,
do you employ bOtcb? II you want
good masonry put up, do you get hod-
carrier to do Il? No matter what may
be the experience Of the reader In such
? ne Will AIS GL I'LL LAG5G A4Gn-
lions In the negative, and sum up the
whole by saying, i'll want a thing done,
get the best man can, who will do it
cheapest: and at the same time such in
diYIduaI knows that the cheapest Is
sometimes, and is most generally, the
dearest" To these wise conclusions
he adds: "But little reflection Is re-
| quired to see that the most valuable SER
vices will always bring the most money;
and In this principle lies the hidden re-
cess from which flows the stream Of
Independence or a fortune"
After some illustrations of the value
Of skilled labor, and variety of use
| full suggestions, our author proceeds to
\ reduce his theories of money.saVing
! and fortune. making to precise foTmu-
la-thus: the saving of one cent daily
| by parent, will amount, at seven per
cent, 10 s205 when his child is twenty
five years old; a saving of i've cents per
day, to 81 ,025; of ten cents day, to
1850; of twenty-five cents a day, to
| s., 125; OF fifty cents, to 10, $50, and SO on.
He then asks: els It saving too much
to assert that an Independence for child
Is within the reach and power OF almost
any one?" Several tabular statements
are given in illustration of this.
| MIR. Davis deprecates changes from
one business TO another, on the ground
that they are not only expensive but
Improbable, involving generally loss
OF capital, OF the skill and knowledge
acquired, and time both in making the
change and in acquiring skill in the
new business. Each grade OF business,
he says, has generally its relative pro-
portion of expenditures; not altogether
from the necessities attaching TO the
business itself, bat from the gen
orally supposed necessities at
taching TO the position and wants Of
the persons conducting 1t. Generally,
then, what Is a fortune in one business
Is small fraction of one In another.
The question, then, is with every indi-
vidual to decide what rank In life he
will aim at, in order to settle the
amount of the fortune to be obtained
in business. Few will be able to make
mark, and abide by 1t; but individ-
ual imperfectious do not affect a sound
principle.
Business, he contends, should be
looked at as an occupation and a means
of support first, and an independence
or a fortune afterwards, and he adds:
"Fhe sure road, with comfort, Is to
mike slow and sure, and always be
your own MASTER and you have but to
look at the tables of earnings to see
how moderate the income requires to
be to accomplish with ease what you
desire. A large manufacturer would
probably laugh, as the wholesale mer-
chant would, at the idea that fifty dol
lars day saved and improved is a
very heavy amount, and more than one
in ten makes in the long run. Even
this small sum in twenty years OF bust
ness, improved at six per cent, would
be $780, l5; at seven per cent, 1851 COG.
How many large manufacturers do
this? In truth, how few make their
$1,000 per annum? For this income
improved in like manner reaches re-
speetively SlsS, 45O-S2l1 ,31s-only $l5,-
o. per day. What manufacturer of any
note could not make this, and have It
clear at the end of twenty years2"
These rules are applied equally to
manual labor, manufacturing and ag-
riculturRl interests, and professional
pnrsuits-to all the persons engaged in
which our author promises good for
tune, If they will be diligeut, econom-
zeal, affable and honest. His Poor
Richard maxlmS are as plentiful as
Franklin's, but he writes from the
modern standpoint, deals with BUSH
ness matters as they are conducted to-
day; gives much counsel and fortiaes 1t
by proof, and winds up with an elabor-
ate disqutsition on the advantages Of
life insurance, q method OF safe fnVest-
In the chapter on Investments" are
the following hints concerning
THE PURcHAsB OF RIAL ESTATE.
"By watching the drfft Of things an
experienced dealer can always foreteIl
by certain signs when a new state Of
things will spring up, and when prop
erty, which has remained dormant Tor
some time, will suddenly be brought
In market at greatly advanced rates.
But generally speaking any real estate
is a good investment that will pay cur
rent expenses End seven per cent. on
cost, as the progress ofthe country will
Of certainty cause It 10 increase in
value.
zone OF the means OF judging the
value of parts Of lots as compared with
the whole may be stated as follows:
The first twenty-five feet from front OF
hundred foot lot Is worth one-half Of
the whole the first fifty feet II worth
three-quarters Of the whole, the first
aeventy-hve feet Is worth ninety per
cent. OF the whole. This rule will APP
ply generally on any important street;
when the street Il not a business one.
but one for private residences only, the
front decreases somewhat in value in
proportion to the rear.
| "As general rule for the improve.
ment of real estate, too much value in
building In proportion to the value OF
the lot may prove a loss. There should
be judlclous apportionmento Of the one
to the other, but little show on the
front will always pay well. There IL,
however, no species OF Investment that
requires more sound Judgment and pc
cultar tact to hit Just right always, both
as to price and location, than this, and
any one investing can we'll afford to
pay skilful Judge a round commits
sion to locate him right"
me book Is pleasant, and many of Its
suggestions are excellent.