Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1867-07-02
FIRMLY RESOLVE NEVER TO OWE
A DEBT.

I'll KIM IL hEOOl1f NJ IN II 14Af - - " -
A DEBT.
1t is the Fundamental mistake OF
most boys to suppose that they can
ret rich faster on money earned by
others than that earned respectively
by themselves. If every youth OF
eighteen to twenty-five years to-
day were offered $40, 900 for ten years
at seven per cent interest, two thirds
of them would eagerly accept III
when the probable consequence Is
that three. fourths of them would die
bankrupts and paupers. Boys do
not need money half so much rs they
need TO know bow to earn and save
it. The boy who, at the close of the
first yearof independence, has earned
and saved one hundred dollars, and
invested or loaned it where it will
pay him six or seven per cent, will
almost become rich if he lives: while
he who closes his first year of respor-
sibility in debt, will probably live
and die in debt. There is no greats
or mistake made by our American
youth than that of choosing TO pay
interest rather than receive. lntcr>
est devours us while we sleep; it alb
serbs our profits and aggravates our
loses. let Il young man at twenty
five have 1000 loaned on bond and
mortgaged or invested in public Sc
curities and he will rarely want mon
ey thereafter; in fact, that 81 900 in
vested at seven per cent, will OF it
self make him rich before he is six
ty. There isno rule more important
or wholesome for our boys than that
which teaches Z EN- TO 20 through
life receiving interest rather than
paying it. OF the torments which
fliict this mortal sphere, the first
rank is held by crime, and second
rank by debt.-Horace greeley
ua- Harper's Weekly, in its last
number, gives on it's first page an
engraving of the portrait Of herself
presented by Queen Victoria to Mr.
George Peabody, and describes the
original picture thus
"This portrait is now in this com>
try, and on exhibition ut Philadel-
phia. 1t lisa painting on enamel, of
a size exceeding that of any enamel
painting ever attempted, being II by
10 inches, set in gorgeous frame of
gold and blue, very beautifully
wrought. 1t represents Queen Vic>
toria seated, in black robe, wear
ing also the blue ribbon of the Cars
ter, Marie Stuart widows cap, with
long white veil, THAR Of diamonds,
and splendid neck lace of brilliants,
in which is SET the portrait of the late
Prince Consort. The picture is u
most remarkable work, baving talk
en- much care and toll for IA twelve
month to bring it to n complete sue
cess. Indeed, it is surprising that
the enamel should have borne all
the trials of white furnace heat to
which it was frequently subjected,
and that the original purity of the
colors should have been so well and
perfectly maintained. The picture
rests on cushion of maroon velvet
in frame decorated with golden di'
vices combining the rose, shamrock
and thistle. Below it is the Roya
monogram. Y. r., and the inscrip
ton, shown in our engraving"
The inscription is as follows: "Pre
sented by the Queen to George Pea
body, Esq, the Bcnefactor Of tho
Poor of London"
The same paper, speaking Of "Oul
Railroads" says:
aTo those who contemplate to-day
the comprehensive net work of rail.
ways that traverse the length and
breadth Of our great country, the
fact seems marvellous that in the
year 1923 but three miles Of iron raj
had been laid in the United States
From its beginning, the progress OF
construction has more than kept pace
with the rapid growth of the nation
In 1860 there were completed and in
operation $1,000 miles Of railroad
built ut a cost ofS1,0G8, 041 ,G38; and
it is q coincidence worthy of remark
that this aggregate of length was
distributed almost equally among thu
North, West and South--that is tC
say, the North had 9,G65 miles OF
railroad, the West 9,19l miles, anC
the South 9,053. At the commence
ment Of the present year, 36, S9(
miles of road had been finished, anc
their total valuation, including rea
estate and construction account, will
reach fully 81, 400 100000, at old
prices-no inconsiderablo sum OF
money to be invested in q single de.
scriptlon Of internal Improvement in
tho short space OF thirty-eight years.
The progress Of construction since
1860 has been in about the same ra,
ito as for the six preceding years,
Notwithstanding the interference of
war"
LIGHT FROM THE SOUTH.-We ad>
Jnna 4bn f,Ilox,ip.. oH; , ifl 10 4, =,