The Bozeman weekly chronicle. (Bozeman, Mont.) 1883-1889, 1885-01-21
PECK'S ADVICE.
To Young Men Who Wish to
Get Rich Fast.
Advice to a Young Man.

A young man writes to Peci's Sun as
follows:
81 am book-keepeY in wholesale
house, on a salary OF twelve hundred
dollars year, and have five hundred
dollars laid up. | want to make some
money, and 1 have thought some Of
speculating little in wheat or pork.
know several young men in my posi-
tion who have made quite little mon
| ey speculating, and / have been tempt
ed to invest several times, but have not
yet been able to get up courage to take
my five hundred dollars out Of the bank
sion house. What would you advise
me to doP I have guessed on the
market several times, and have guessed
right, and if / had put my money on
my guesses, / would have made con-
siderable. Now, tell me honestly, be-
cause know you have speculated, and
know all about it.
/ Young man. go and look at your five
huEared dellars, and seei il Ills there yet.
All, it is all safe, is it? Looked sort of
good, didn't it? Made you feel proud
when you saw it, proud that you had
earned it by hard workP Well, if you
had twice the amount, won at gam
bling, or in wheat speculations, you
would not think half as much of it as
YOU do of this first five hundred dol
lars. You don't ever think now of
spending this money foolishly. 1t rep
resents to you hard work coined into
dollars. III you accumulated it with
out work in speculation, and it came
easy, you would be looking fer a horse
that could beat the crowd on the
avenue, in less than week. You
would be spoiled if you accumulated
money easy, and ruined if YOU lost your
five hundred. You keep right on keep
ing books, and keeping them well, and
forget that five hundred, except to draw
the interest regular, or unless you sec
a piece of frst-class, solid property
that is offered cheap. But don't you
ever put dollar on wheat or pork, ex-
pecting to win, for you will lay down
your bundle sooner or latter and wake
up with the headache. This is not the
advice of one who ever speculated
dollar, or who ever will, but one who
has been watching those who do specu-
late 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 watch
ing the market and cursing their luck.
1t is a business that should only be
done by rich men for amusement. The
rich can lose and not feel it, though
some of them kick pretty. hard when
they lose But the poor, those who are
depending on their labor, either of
hands or brain, should never indulge
in an amusement that makes even rich
men wish they were dead. You can
take a hundred dollars and go to faro
bank, and guess on the deal, in your
mind, with your hand on your money
in your pocket, and you will guess
right very often, but if you put your
money down, the majority of the guesses
will be against you, and the commits
sion the bank takes viii soon eat up
your hundred dollars. If you bet
dollar on each card, and won half your
bets, and lost the other half, it would
only be a matter Of time when the
bank would have all your money, and
you would have the experience. With
out arguing tnuS speculablon III Opllons
is anything like a faro bank, though
many spectators will tell you it is,
the result will be the same. only the
commission has to be paid on every
deal, whether you win or lose. If you
make deal and win, you pay the gem
tleman commission. If you lose on
the deal, he is not going to work for
nothing, is heP OF course not. The
faro bank only takes commission
when you win, which shows that the
faro banker is.not as good a business
man as he ought to be. If the San is
mistaken about the commission being
charged on losing deals, it is willing to
be corrected. Any way, young man,
what you want to do is to forget that
there ID any chance for you TO engage
in speculation, for if you go into it, you
will curse the day that you did.