Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-04-01
BE PRUDENT AND pRov1pENT.

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"Put money in thy purse''is sound
wisdom as we'll as poetry. 1t Is always
convertible into meat and drink and
clothes; and that is what can be said
of no other article. For purposes of
speculation having an uncertain
value, for practical Use it is always
certain. The aim Of every prudent
man, then, should DO always to have
on hand q reserve of this universal
solvent" If money fluctuates in its
nominal price or purchasing power,
everything else fluctuates too and
probably the thing called money is
more stable in its value than anything
else. Employment may be interrupted
by illness or by changes. Goods bought
and paid for may become unmarked
able. But money is always in request,
and is never out Of season. Therefore,
as We have said, it should be the effort
Of every man, whatever be his income.
to live within it, and thus to guard
against the contingency, which may
come to anybody, Of being for a while
without an income. 1t is curious how
almost universal is Indifference to this
precaution. Even successful business
men are prone to lock up their aecu-
mutations in extended business pro-
jects and various other ways, some OF
them quite unproductive, leaving them
selves actually without immediate re-
sources if by any means their income
is interrupted. Many n bad bargain Is
forced upon those who are compelled
to realize, when. IL they had the power,
they would wait. The corners into
which "poor rich men" are thus
driven show that the course Of trade,
rs we'll as the course of time, brings
its revenges. Rich men, as well as
poor, are sometimes "pusled for
money" Yet, while with the rich
this Is an Inconvenience, with the poor,
or with those who live from day to day,
to be Strengthened for money is n difli-
Guilty, and may amount to a misery.
There are people who have the sagacity
to foreSee, and foreseeing, to allevi-
ate the trouble. Aud this they do in
the way we have indicated, by keeping
always within the limitsof their re-
ceipts while they are receiving any
thing, and putting aside the surplus
where it can be reached in the time of
necessity. If to do this could become
common, the burden Of poverty upon
the poor and the burden of the support
of those too poor to help themselves
would be very much diminished. The
business of life insurance in this coun-
try has grown to Q wonderful figure.
Very great caution should be exer-
cised by insurers IN their choice OF
companies. And another warning OF
prudence should be observed. The
benefits Of ordinary life insurance be-
long to the heirs of the Insured person
after his decease. But it may happen
to him to be disabled by illness or mis-
fortune long before he dies. He may
become unable to support his family
while lie lives !; and for this life insur-
ance also provides partial remedies. \
new feature has been introduced in
life assurance, by which the assured
completes his payments in a certain
number of years, and after the eSplra-
ton of that term, receives n dividend
instead of paying a premium. We did
not set out, however, to write up life
assurance, much as we approve Of 1t.
Statistics show that the business is tell
ing its own story. We wish. to impress
upon people-especially those of mod
crate means-the wisdom Of insurlng
themselves against want and bad bar
gains, by the putting aside of a re-
serve ; not in business where they can
not reach. or make It available, but in
some mode where 1t can be relied In
upon necessity. The young especially,
whose expenses are, or should be mod
crate. may thus "insure themselves"
in addition to the insurance for the
family in case of death. They may
have the whole benefit OF interest conf
pounded upon such savings, without
dividing the profits with anybody. In
sure, by all means, II you wish to
aid those dependent upon you after
your decease but carry the same good
principle into effect for yourself, and
during your own life keep out of debt,
though you punish your vanity and
deny your appetite. And make some
provision, the best you can, for the
possibility Of sickness or interrupted
employment.