New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1886-08-25
What Money Costs.

One OF the greatest defects in raising
sons in opulent families is not learning
the boys what labor, toll and planning,
money costs. They do not know
how to appreciate money. A boy
near Detroit, who had never worked
a day, the son OF rich farmer, saw
other boys spending their time with
costly bicycles. He asked his father
for money to buy one. Hisfather told
him there was a twenty acre field in
tended to be devoted to corn that
season, and he could have team to
raise, harvest and haul the corn to
market, and he could earn the money.
With the prospect of soon getting his
coveted bicycle he toiled late and
early in the hot son, had a good crop
and sold it for a good price. But
when he got his money he thought too
much of it to spend it in that way.
He recollected the long and hot days
he had spent to earn it. He deposited
it in q safe bank at interest. Next
year he wanted an opportunity 20
earn more, which his father readily
granted. To-day he is rich, IGNORED
and trusted officer OF one OF the largest
banks in Chicago.
Another wild and fun loving boy in
a small town in central New York, had
been furnished monthly with spending
money. Arriving at that age when
boys begin to love company, he want
ed his father to buy him horse and
buggy. His father recolected that
that was not the way he had spent
his boyhood days, nor the way he
laid the foundation Of his present
competency. He began to question
the propriety OF raising his boys with
out learning what hard labor money
cost. So when his son wanted buggy
and a high stepping horse he studied
about the probable consequences of
so raising and educating his son. He
told him to take the old family team
and put in field Of wheat, and thus
raise the means of buying his horse
and buggy. He was a good, honest.
hearted boy, though wild, and was
easily led in the way he should go by
the kind advice and treatment Of his
father. He went to work, and that
fall he had 1000 bushels Of choice
wheat. He was not in a hurry to sell
and get a buggy, but it was noticed
he was carefully watching his wheat
to see that it was safe, and he studied
the markets and the demand
and supply Of wheat. At the right
time he sold it for a good price. But
he did not spend it for horse and
buggy, but in 1858 he went to Cham
paign county, ILL.,, and purchased two
sections Of land with it, And this
was the foundation of the estate of
one Of the wealthiest stock breeders OF
Central Illinois.
And that is thelesson. At the prop
er time whether you be rich or poor,
teach your sons the true value Of mon
ey and property. To make them good
and useful men in the world such a
knowledge is worth more than a diplo-
ma representing how we'll they can
translate Cicero or Horace, or how
we'll he understands the corners and
OF comic sections. This
is world Of reality after all Of the
glare and glitter which wealth throws
over it. And it seldom happens but
boy, no matter how he may be hedged
about by wealth and influential
friends, but he needs some time in life
to understand the practical work,
which is necessary to acquire food and
raiment. and the other comforts Of
life And there is a certain period in |
the history Of q boys growth and ed
ucation, when he should be brought
to realizethe true value OF money and