The Arkansaw traveler., 1884-02-16
ADVICE TO A YOUNG MAN
Peck-s Sun.l

Sun.i
 A young man writes to the .Sxs as sc, lows:
 |" am book-keeper in a xholeS,. house, on salary of twelve hundred io,> lars year, and l have five hundred do. lars laid up. want to make sona money, and have thought some of sor.. ulating little in wheat or pork. kno. several young men in my position wb, have made quite little moaey spec,l,,. ing, and have been tempted to inyes. several times, but have not yet been ab. to get up courage 10 take my five hur. dred dollars out of the bank and pu,i in the hands of commission house What would you advise me to do haze guessed on the market several times. anj have guessed right. and if had pu, rny money on my guesses, 1 would hsy. made considerable. Now. tell me hor. esuy, because know you have spec. lated, and know all about it."
 Young man, go and look al your i've hundred dollars, and see if it is there Ne. An, it IS all safe, is it: Looked scr: 5. good, didn', it: Made you feel pro-a when you saw it, proud that you IA. earned It by hard work. Well, if yo. had twice the amount, won al gamblirs or in wheat speculatiors, you would think half as much of il as you do oi h.. nrst i've hundred dollars. You don ever think now of spending this mone. foolishly. IL represents to you hard ~of coined into dollars. If you accumulate. II without work Tn speculation, and came easy, you would be looking fo- horse that could beat the crowd on ;he avenu@ Tn less than week. You wcu be spoiled if you accumulated mone, easy, and ruined If you los, your i've hundred. You keep right on keepins books, and keeping them well, and forge. that five hundred except to draw the IT. terest regular, or unless you see pie of tirst-class, solid property that is otfere,. cheap. But don't you ever put a do Al on wheat or pork, expecting to win for yo- ~,ii iay 1o-n youi bundle soo.,ei oI iale and wake up with headache. This is nc: the advice of one who ever speculated :. dollar, or who ever will, ou, one who la. been watching those who do speculate for fifteen years. Not one in a hundred of them but have lost Those who have won are no better off, because they have worn themselves out watching the marke. and cursing their luck. IL is bushes, that should only be done by rich men for amusement. The rich can lose anf: not feel it, though some of them kick pretty hard when they lose. But ,he poor. those who are depending on ,her labor. either of hands or. brain. shouid never indulge in an amusement ,ha: makes even rich men wish they were dead. lou can take a hundred dollars and go 10 A faro bank, and guess on he deal, Tn your mind, with your hand or your money Tn your pocket. and you VII. guess right very often. but fl you put your money down, the majority Of the guesses will be against you, and the commission. the bank takes will soon ca, up your hun dred dollars. you bet dollar on each card, and won half your bets, and lost inc other half, 1t would only be a matter 0. time when the bank would have all yeur money, and you would have the expe- nence. Without arguing tha, speorla- non Tn options is anything like faro bank. though many spectators will ,e. you l, IS. the result will be the same, or.y the commission has to be paid on every deal, whether you win or lose. fl you make deal and win, you pay the gen tlemanly commission man his comm;s- sion. lfyou lose on the deal. he is TO, gong to work for nothing. is he: Of course not The faro bank only takes :. commission when you win. which shows that the faro banker is no, as good a bust ness man a, he ought to be. If the .Snn IS mistaken about commission being charged on losing deals. il is willing :o be corrected. Any way. young man. what you wan; 10 do is to forget that there Is any chance for you to engage in spe5- ulation. for If you go into 1t, you will curse the day that you did. Now, don't ask any more questions, bu; go on posting up those books.