The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1872-07-06
NUNBER "a


Savings Bank, and then resolves within
himself, that every week he owes the banA
. dot that MGa b psiA, liks any o9heI
honest debt. A DEBT OP MANLY
RESOLUTION. Good Ascending Y
his means what shall il bel How much .
week. IL matters mot, 10 long as he atiekl
70 his plan with honest perneversnee 70 the
fast. But let us name trifinR sum-sw.
dollar. Now ven suppose your life my
friend, to snd at 90 years. You intspd d
quit labor at 60 years of aas, and live In
ease and comfort, mftsr that, for 10 yemxs.
This II your plan. Now let us zee how h
would work, at different ages Of your life
First then :-You start ut 20 years NJ ags
to save dollar erery sceek; ut 90 gears,
what will you have; Answer, %, 413. r.
That amount invested at per cent. would
yield about go per month.
But, say you do mot start till 30 years o,
age, 10 save the same amount; nd 0O how
much win yos lAvel Answer, -, 96s. "a
1a rn,' ,....s .Osld yield = 7P.r esnt aSOut sas
Or ny that you have reached the AQe of
10 ycars, before your eyes are opened, and
yOu then work on this plan. At 6O yeavs,
how much will you be worth Answer
u, ,SS1 ~. This would yield about eI2 .
month
These figures comprise the navinxs Of
one dollar n week, put in the S@vings
Bank, with Interest compounded at per
cent.
il you would Frighteh Gannt and
Ghastly Poverty away; then StatiOn at
your hearth Frugality
BY HABIT men are often bound with
hoops OF steel. 1t grows 70 be a sort of
second nature. So much IL this the case
that, even in what they eat, One race VI
men might die, if fed on that with which
another race will hive and thrive. A habit
early formed i'm life, of saving Just little
part OF what one earns, will grow by repeti-
tion Of succeeding years, to be part and
parcel OF ones self. Hs cannot help il
by and by. And 30 it IL with spending
money. 1t will soon grow habit Of great
force Parents, then, should take . note
Of this, and early start their child in habits
that are sound and good. The young man,
starting life, should grow by wise direction
of the elder friend, a constant saver of q
certain part of what he earns No matter
mot at ally hoW smaH the frst Begiaaiag Is
Ten cents per month, in early youth,
saved faithfully and well, will form q habit
that will make the after man familiar In
the halls Of wealth. Things have q cAnse,
and causes have effects. This in a rule Of
nature, Just M fixed and permanent a.
planets, stars and suns !Iring 10 q cause
-hsches the effect. Do mot deceive your
selves, ye architects Of wealth, We young
beginners of q life. For here yUa read
the truth. And now, mt this very momenA
you may start no matter IL you've lived
one half your hfe you ecen aow may start
the sure foundation ~ fortune, which
will make old age a time u ease II is
sald that Mr.. Peabody, when he had
reached the aye Of forty-6ve years, vas
not then worth a. many thousand dollars
as he was years old.
But let us glance at figures truth-telI-
ing figures. We know by multitudinOus
instances, thick on every side around us
how the daily earnings Of a angle man
support q family If Si1, ~ n.oSe. Now
then, suppose that six young men should
take this fact to work on, for q period Of
ten years. The six are to live a. one
family. Their ages, Mt starting, shall be
say, twenty-one years What can these
SIX accomplish, on this plan, ~ the time
zee zee Suppose they earn % each per day.
That is less fha- eAr wages Ut good
mechanic. They live a. one family, and
the wages Of one OF them like the fathers
wages Of any family supports the whole
family. Therefore the wages It the other
five are saved, every week, and Deposited
in the Savings Bank. At the end Of ten
years they divide amongst the six, the
sum total in the bank, which will have
reached the enormous total Of S63, ,347 SO.
What then will each be WORTH Answer,
$40, 557. 81. This amount, invested at
per cent. will yield $l5 week 10 the pos
sessor.
If any one thinks that this cannot be
done with six people, suppose then that
only two young men say two brothers OF
two friends should try the plan, both
living together, ON the wages Of one, and
dividing each week, the wages Of the
other. II is simple obstinaey which
causes any one to say that this cannot be
done. That would he e. a week for each
one to put in the Bank What will each
one have at the end Of ten years Ans
wer. @i. 334. .62. The Interest at per
cent. on this sum would be about 20 q
week
But whenever a man is urged to lay
apart, each week, a portion Of his wages,
the almost universal answer is: = II takes
al 7 earn to support my tdmIy, and |
cannot Mre a cent" / ask such a man.
suppose your life depended on putting
three dollars, every week, in the Savings
Bank, could you do 1t ''M y,s, thea
co~ld then of coWrse" Well then don't
tell me again ''yoH cannot sIre," but
rather say yOu trH not SIRE, for that's the
20 without some few things To save the
three dollars every week, how much more
dreadful will it be to get sick, ONE Of thest
days, and have your wages fail. for theI
you'll have to starve, OF send your child
out to beg perhaPsl Make your choice
fellow-men, no,e, while there yet u time.
Either a Man must run the risk y
Penury and Want, when Sickness or Oh
Age oer' takes him, or else he must La,
Money BY, for Coming Rainy Days.
But those who convince themselvc
they Cannot Save Cent, will never, Ill
they Change their Minds. be likely :
Make Trial u that Wise and Pruden
Act.
Now, reader, ash you Just to- watc
those sort of men who tell you land cor
vince themselves too) u.at they cam,
.. save a cent. You will find them alwa,
spending money for vain and foolish, US
le@ things. When . man gets rich,
ought to spend hm income, maybe. b
. no man, living ON wages, has any right
I spend all he earns, for It is tempting Fat
Just watch those sort of men ' ho new
save cent. A MECHANIC, maybe, Al
silk dress for his wife, on the very star
when il they would be PrHdent during 4
first part Of life, his wife could have Ia
I a-dozen silk dresses one of these dAy
Or a Clerk, on q small salary, buys q u
. watch for himself, or wife, or child. II
4 watch il o seed which shoUts into I
y thrifty plant Bstyoraga~ce But the mon
!, which it cost, put in the Savings Bank
i . seed that springs into the thrifty Plr
FrtIgdiity. Oh, could tell thousa
things I've seen but reader look with
Ia and you may nee yourself On i'm glass
. II any Man, who Reads this Tru
se applies its Essence to All Other Men,
Ae Ns.er TO Himself, he'd better throw
=. .-' mud ana yvosE a. ahd1 So vs nLAs H;s :. !.
New "A y Aish arsns thsR eo yrnrat
aav that Mr.. Greeley labor, py !S;str
honor. nor pleasure 80 ing the I.a. ~f
! ut--uA - Mpr~by- ksr P1Af- @vsm@ S1SAA