The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-04-24

The acquisition Of money, its power and
utility has been subject which has attracted
the attention Of men in all ages. In our day
it has lost none Of its attractions but the
acquiring has become q matter of more gem
eral desire, and the means by which it may
be accumulated a matter Of deeper investi-
cation.
We deem the present a most propitious
time to call the attention Of our working
people ~ this subject. Having passed the
ordeal Of stagnation, want Of employment,
and the evils that follow in the trail Of idle
ness, they are, in a measure. prepared to ap-
preciate and take advantage Of the revival Of
busine 8, which may be seen emerging from
under the dark clouds that have been hover
ing over Ma silace 1873.
NexS 70 the important secret how to &C
cumulate money by honorable industry, il
preseatsd the vital QUESTION how the money
so accumulated may be disposed Of 20 as to
be available when wanted, and at the same
time be producing something IN the way Of
interest. An eminent financial winter once
said that the work of accommodating money is
easy, Is compared with the task of saving it
aft or it has been accumulated The history
of the world shows this to be a truism that
requires no argument TO prove.
1t requires no argument to prove the fact
also that there are thousands of laboring men,
mechanics, clerks, and bOOkkeepsrE in this rs
well as all other large cities IN the country,
who spend their earnings weekly. monthly,
and yearly, a. fast as received, in such fool
ish and sometimes immoral manner as even
to surprise themselves at their own unwise
prodigAlity.
This is plain. sensible question, and it
requires no far fetched phrases or high heeled
rhetoric to send it straight to the heart Of
every improvideLt person in the land. Like
every other virtue, that of preparing for ad-
versity and old age during the period of early
manhood aud prosperity, should be stimu-
lated by the bright examples that the world
affords of the millions that have crossed the
great gulf that yawns between poverty and
opulence, by commencing in early life to lay
aside such portions of their profits or earnings
as were not required t. meet the necessary
wants from year to year A very large pro-
portion Of the solid men Of this city to-day
owe their wealth and position entirely to the
provident system observed BY saving their
earnings VIII working operating in subor-
dinate positions in early life. And right
here we might state that the various savings
institutions Of this as well as Of all other
are founded upon an eminently
wise plan. and, when regularly patronized,
prove a sure key that unlocks the door lead
ing from poverty, immortality aud crime to
WEALTH. REsPEcTABILITY AND HONOR
Aud when the thoughtful mind contem-
plates the vast masses--even in the city
provident hand, without seemingly single
thought for the future, a feeling "t the most
profound establishment, at such folly and de
pravity, is entertained
DUH IA ihe S'uiueiSldl anu hhahSih IelS
tons that exists il all mmumuIes, there
are two separate aud distinct classes the
speculative and legitimate operators. The
former arr such employ their time and H.
genui y. ID grasplpg this d that advantage
that certain enterprises may offer, whether
the results be certain Or uncertain. This EN-
braces the entire speculative element u the
country. The latter class il comp SEED Of the
more cautious operators, who not school
ed ~ the tricks q speculative enterprises,
and hence wisely dispose % their means where
they are a, ailable at command. and at the
same time are earning fair remuneration IN
the way Of interest. and while it is true that
persons have