The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1884-08-14
Wall Street Reflection

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human nature, namely: its disp
sition to jump on a man when he
down. Ever and anon a communit
must have scapegoat, or some OF
upon whom others can put the
wrong doing. People unload IL
blame from their own shoulders an
put it upon some one more unfo
tunate. At the beginning of th
recent Wall street troubles th
scapegoat was young man. B
denouncing him men of age an
experience hoped to have their ow
foolhardiness alleviated. There
no doubt he ran the locomotiv
with its long train on the wroni
track, but who furnished the fue
by which the train was run? How
many young men of thirty years 0
age, if $500,000 were put into thei
hands to speculate with, would dt
the wisest and best thing2 Whil'
a man has on the bridge of his nos
the roseate spectacles OF youth be
can see millions in almost any di
rection. The young financier &c
doubt wronged others, but no more
than others wronged him. You
wrong any man when you unneces
sarily put on him temptation great,
er than he can bear. Put into 8
young mans hand a million Of
dollars belonging to other people,
let him draw his own checks and
submit his accounts to no secreta-
ry, and you be satisfied with taking
your three per cent month with
out asking how he gets it, and you
have sinned against him as much as
he can ever possibly ain against
you. A ship company who sends
out an unstaunch craft under an
inexperienced commander into a
Caribbean whirlwind, is responsible
for the shipwreck. Let us cut up
the results of this commercial disas-
ter into slices, and give to each
his share of the blame, instead of
making one offender the scapegoat
for all the recklessness and indis-
cretion. The recent excitement
demonstrates in most potent and
conspicuous manner the safest style
of, investment. George 1. Seney
has been giving hundreds of thou
sands of dollars to educational and
humanitarian institutions north and
south, until his name has become a
synonym for large-heartedness. His
bank-stock goes, and his railroad
stock goes, but what he has given
away he cannot lose, and it will be
him large dividend long
after all Wall street has gone down
in the wilder panic of the judgment
day. Some may say, what a pity
he had not kept his means to help
him out of this trouble. [ say,
what glorious thing it was for
him to give the money when he had
it to give. The Lord is trying him
now. But George 1 Seney will
give away more money in the fu
ture than he has ever given in the
past. Such men can be safely in
trusted with large estate. God
knows and watches and sees what
we are. "Cast thy bread
upon the waters and 1t shall return
after many days Besides that,
here are tens Of thousands of good
people all over the land, praying for
he reconstruction of this philan-
fortune, while the Grad |
,rinds and the skinaints who 90
lnder get from the heartless world |
lothing but the cruel thrust: |
Good for him." The old maxim
which says, "Do not carry all the
ggs in one basket" has a religious
Eisdow a. well as a secular. While
ou put some Of your investments
4 earth, put some of them in heav-
n. No run" on the celestial bank
an ever break it, or cause its doors
D close. Its capital is made up OF
Il the resources of inanity, imInen-
ity and eternity. In the some ex-
tied company of men who may
payment, but who cannot
Ill, is A. S. Hatch, formerly presi-
ent of the Stock Exchange of ,
lew York. Not only has he en-
loyed large sums of money in j
hristiap enterprises, but is putting Il
nth personal effort in che recla- Is
latioa of the WaldsTiD~ and evorv ii
-, afternoon may be seen en-
aged in earnest christian service.
-ot only his purse, but his voice
nd shoulder and heart, all conse-
rated.to God. So thoroughly is he
q the Lords side, that l know the
ord is on his side. Whether this I
anker pays one hundred cents on :
ne dollar, or fifty cents, he will be
IL right for this world and all right
,r the next. All christian New {
ork will be his coadjutors until
@ comes out of the present crisis.
md when such men as those have
lentioned are halted, 1t ought to
npress people with the Importance
making good use of money while
hey have it. 1 knew two men who
adIthese theories in business years
60. The one man was given large
: to Christian and philanthropic
biects. The other man said:
Now, that is all very well, but how
you should come into some fnan-
ial crisis, and not be able to meet
Il your obligations? l am going
, wait until I make my fortune,
nd having made large fortune,
hen l am going to be charitable
nd benevolent" Time passed.
hey both kept on making money.
he man who made a large fortune,
nd Il the time kept largely con
.ibuting to charitable objects,
anne to the end of his life in a vast
state. The other man, who had
wen nothing at all until he had
ade a great fortune, died poorer |
ian a poor house. Lay not up for
ourselves treasures where moth |
ld rust can corrupt, and where {
ock gamblers may break through I
Id steal; but lay up for yourself
haouay Tharo