The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1874-10-28

A great deal of speculative philoso-
ply is INDUCED in by writer's on polit-
ical economy as to the best means to
accumulate wealth. The cause of
prosperity in business is detailed by
these worthless as depending upon GER
tain rules, which, when rigidly OBJ
served, always result in financial sue
cess; and yet, after all that has been
said or written, the secret of the cause
of the accumulation of wealth can be
given in almost a single line: Live
within your income" To many it
may seem a hardship, an oppression,
an unnecessary sacrifice, and yet it is
the talisman of success.
To those who paint the future with
brilliant results and speculate upon
hopes that may never be realized it is
useless to urge this advice; but to
those who honestly seek to build up
for themselves and their posterity a
secure and permanent income it is
we'll worthy their consideration.
The truth of this suggestion is
abundantly exempli6ed in the expert
ence of everyday life The man who
carefully estimates the income he re-
ceives, and scrupulously guards his
expenses within that limit, cannot fail
to secure creditable financial stand
ing, and an assured prosperity. In an
article under the title of Rich as
jew" the Baltimore American we'll
says: This is a phrase which has
become so common that it is an every
day expression, just as the old Roman,
when, measuring mans wealth,
spoke Of him as being as rich as Cree
sus.' We had a conversation with
the late John Hopkins a few years
previous to his death, on the growing
wealth of the American Tsraelites,
and there were few men of his day
whose judgment On such matters was
more sound and safe. Speaking of
the Jews OF Baltimore, he said: L
have always found them safe men to
deal With; they value their credit
more than they do their money, and
will make any sacrifices to maintain
it. In his banking operations he had
dealt largely with them, and found
them true to their engagements, and
frequently anxious to take up their
notes before they were due to save the
interest During the past twenty
years the Jews of this couotry have
made rapid strides in the accumula-
ton of wealth, and in many branches
of mercantile business they are realiz-
ing pre- cminence that is creditable
to their sagacity aud enterprise. Men
who were at one time roaming over
the country under a peddler's pack
are now at the head of leading mer-
camille firms, in the West and South
especially, and in Texas all the lead
ing business of the country is in the
hands of the Israelites. At Saratoga
Cape May, Newport and Long Branch,
and all the principal summer resorts.
they are to be found every summer in
large force, and when they display
rich equipages, diamonds, and other
evidences of wealth, there is an assur-
ance in the mind of the beholder that
there is an abundance of stocks,
bonds, and secure investments behind
them. This is not always the case
with visitors at these fashionable re.
sorts. 1t might be we'll for the Gen.
tiles to inquire into the causes which
enable the Jews to keep on amassina
wealth steadily and rapidly. In the
Jewish family all are workers. There
are no drones in the hive. Care il
taken to train the sops to business
habits, and they are reared with the
special object of taking position along.
side OF their fathers as soon as thei,
education is finished. We seldom
hear OF Jew being a drunkard, Of
living beyond his means, or, in othe,
words, living on the money of his
creditors. They have no prodieaI
sons scattered over the world, spend.
ing in riotous living the money which
their parents have labored to accum-
} ulate. 1t has become with most