The Grenada gazette. (Grenada, Miss.) 1885-18??, 1886-05-08
A POTENT FACTOR.
sevins ~ q Means OF Securing Indspsnd.
ence In Its Fullest Meaning.

sevins - q Means OF Securing Indspsnd.
ence In Its Fullest Meaning.
Helping to self-help Is a Measure
potent to prevent labor troubles, and
fruitful Of large results for good. Cap
ital should help labor to stand alone.
Underthis head the definition of the cap-
italist by Smiles, as merely one who
does not spend all he earns" is i'm.
portant. By parity of reasoning, leap
itar' and savings are synonymous;
and the mutual interests Of capital and
labor are promoted by helping laborers
to become capitalists. Hosts OF me-
chanics never rise above ~journeymen's
ranks, because they never have enough
ready money to start business for
themselves. The moment a man has
a reasonable prospect ahead of such
a change, he becomes conservative.
He is not now so likely to be a factor
of labor troubles. Twenty-Five cents
a day, beginning at twenty-one
years of age, put either into a savings
bank or an endowment life insurance
policy. would give a mechanic at forty
years more money in hand than most
successful men have had for a start in
the world. The drink and tobacco
bills of any n Of hundreds of thou
sands of mechanics would easily carry
through such a scheme to secure work
Ing capital. During the last half cent
ury this policy among British mill
operatives has come much in vogue.
One who is laying his course thus finds
"birds of a feather flock together"
Habits of sobriety and Of saving lead
the carpenter or the mason to study
the higher branches of his trade, and
to attention and application, which
secure higher wages and less loss of
time on sprees. So he gains ability to
double the ratio of his fund, and prob
ably has. besides, an extra dollar a day
with which to buy a home and better
food, furniture and clothing.
1t is hard to get people to begin and
carry out system in schemes for saving.
Naturally a person not accustomed to
saving regularly thinks the weekly
earning so small that laying by any
thing from it is next to impossible. 1t
does them good to know some facts in
this connection; to know that savings
bank records show the largest deposits
have not been in time of high wages.
The pressure of low wages is found to
lead to provident plans and habits. On
the other hand, the abandon born of a
Of high prices for work has the
opposite effect. Further, the largest
averages Of deposits are not among
those paid the highest wages; the
principal depositors in Manchester
saving-banks, for example,, being do
nestle servants. Consequently, the
want reminding that they need
not wait for some time of high wages
in the dim future to begin systematic
savings.
Trying to ape the rich has kept mil
lions of poor people from where they
would ever be able even to begin to
live in the style aimed at. This trou-
is great in the Old World, but far
in republican America. The
effort of the masses to live beyond
their means has coated the pressure re-
in many a labor upheaval.
There is no independence, in a secu-
ar sense, without liberty and compe-
5ence. Keeping out of debt and ad-
ng something, little though it be, to
savings, are the keys to liberty. The
nan with one hundred dollars ahead.
md gaining fifty dollars ayear, though
only ten dollars a week. is bet
r off than one earning fifty dollars a
week, but living up to his means. The
after can never carr a home; the for
ner may do so.-George Nay PoweN,
n Century.