The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1875-07-31
TINE ROAD TO WEALTH.
Depositing in the Fidelity Savings
Bank Leads to it.

time 10 Call TIE dllcHllbn VI Jul WI AAhk
people to this subject. Having passed the
ordeal Of stagnatlon, want of employment,
and the evils that follow in the trail of idle
ness, they are, in measure, prepared to APP
preciate and take advantage of the revival of
business, which may be seen emerging from
under the dark clouds that have been hover
ing over us since 1873.
Next to the important secret how to ac-
cumulate money by honorable industry, is
presented the vital question how the money
so accumulated may be disposed Of 50 as to
be available when wanted and at the same
time be produ ing something in the way Of
interest. An eminent financial writer once
said that the work Of accommodating money is
easy, as compared with the task of saving it
after it has been accumulated. The history
Of the world shows this TO be 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 bookeepers, in this as
well as all other large cities in the country
who spend their earnings weekly. monthly
and yearly as fast as received, in such fool
sh and sometimes immoral manner as even
to surprise themselves at their own unwise
prodigality.
This is plain, sensible question, and it
quires no ar-fetched phrases or high-heeled
rhetoric to send it Streight to the heart Of
every improvident person in the land. Like
every other virtue, that of preparing for adj
versity and old age during the period Of early
manhood and 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 to meet the necessary
wants from year to year. 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 when working or 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
countries are founded upon an eminently
wise plan, and, when regularly patronised,
prove a sure key that unlocks the door lead
ing from poverty. immortality and crime to.
WEALTH, REsPECTABILTTY AND HONOR.
And when the Thoughtful mind contemplates
the vast masses-even in the city that scat
ter their earnings, with a most improvident
hand, without seemingly single thought for
the future, feeling of the most profound as
constituent, at such folly and depravity, is
entertained.
Both in the commercial and financial rela-
lions that exists in all communities, there are
two separate and distinct classes the specu-
lative and legitimate operators. The former
are such as employ their time and ingenuity,
in grAsping this or that advantage that certain
enterprises may offer, whether the results be
certain or uncertain. This embraces the en-
tire speculative element Of the country. The
latter class is composed Of the more cautious
operators, who are not schooled in the tricks
of speculative enterprises, and hence wisely
dispose of their means where they are availa-
BILE at command, and at the same time are
earning fair remuneration in the way of in
terest, and while it is true that persons have
GROWN SUDDENLY RICH
in speculative investments, such instances
are the exceptions, and not the rule, and, to
those who are not versed in the uncertain re-
suits Of speculative transactions, the venture,
nine times out Of ten, proves their ruin.
These thoughts are offered for the benefit OF
all who have surplus earnings, or other idle
means, which they desire to invest for they
will find opportunities, offers, and induce
mentss, for such investments, as numerous az
they are uncertain and unsafe. Hence the
only sure road to pursue in this respect is the
one that leads to the desk of the receiving
teller of some responsible savings bank, and,
-if.these suggestions are fruitful of such a re,
suit, then the object of the writer is accom-
plished. In selecting bank in which to de.
post ones funds, the same wisdom is neces.
sary that would be observed In making a loan
to an individual, as the responsibility of Q
bank depends entirely upon its age and sta.
bility, and the integrity and breadth of char,
acter of its officers. and in this, as in Other
matters. their future soundness and RESPONSE
bility can only be measured by their past re-
cord. And it is no excuse for the prodigA
and improvident to say that we have no in
situations of that kind in this city, as ther'
are several, that stand as monuments of theil
ability to Withstand all panics, and other f
nancial disasters. And, without the least de
sire to discriminate, we will add, prominen
among those worthy Of public confidence il
the
YIDELITY SAVINGS BANK,
located at l43, las and l47 East Randolph
St., which is, we believe, one of the safest il
the city. And, in conclusion, we will remarl
that the depositors of savings banks derive
two-fold benefit by patronizings these institu
tions They not only place their money wber
it is secure and is earning an interest, bu
they contribute towards swelling the volum
of circulation, that is loaned out on good sc
curities, and which enters into the variou
productive enterprises, which largely increas
the demand for labor. There il, perhaps. =
the present time from g, OOO, 900 to $I2, 600.
900, that is being carried by the savings bank
Of this city, very large per cent. of which i
loaned out upon the most unquestiOnable sc
curities, which contributes towards furnish