The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1886-09-22
FINANCIAL ENGINEERING. Il
NIB. IKE TACKLES A BIG SUBJECT, AND
GIVES HIS VIEWS.

GIVES HIS VIEWS.
Financiering Is not Only . Domestic
Subject, but q National Question.
Editor Press and Banner:
The luminosity of my club will be conveyed
OH the subject of financIering at the present
meeting, his honor, myself, occupying the
chair, at the same time being OF atOr OF the
day, and his own audience. Mr. Ike will
please act Us secretary Of the meeting and
take down the following remarks:
Financiering Is engineering In money, and
is very important honorable and profitable
occupation. .. -
Money is the root of all evil and OF most all
good, and as tuber crop would advise all
men to plant and cultivate IT, 1t will answer
for bread and meat, besides 1t IL Us good as
wool or cotton for clothing crop.
Some clubs have been considering the I'M
Wheat, VIII oats, corn and and cotton orops, ait Of
these are good ir their place, but money
crop Is good. In or out Of place. 1t adds beau
ty to the belle, dignity to the beaux, laurels
to the rich, learning 10 the wise, virtue to the
good, zeal to the preacher and helps the poor
eonsldderabIy If they can get it. Money is
things a man can get hold of. 1t can be used
for more purposes than a1iything else know
of. I am told II you were to bait o trap with O
! Is you were to use twenty dollar gold pieces
you would nearly exteralinate the race, But
suppose that Is about the last thing We would
want to catch If We had plenty Of money.
| A fnancIer Is the engineer of getting aud
managing money, and there are very few ca
pable of filling the place properly. My club
has been and Is now considering how IL might
prepare It's member for the occupation, and
| hope and pray that the good and overruliDg
providence will open his eyes, and enlfghten
| him on the subject and crown his efortwitlr
| ting Good-eXample In the undertaking, and
that his ncighbors and friends may follow the
course he pursucs, and that all may obtain
and retain NJ least enough to make themcom-
| for 1t.
AS matters now stand some people call me
Sam, sOme cali me Ike, and some call me Sam
Ike. but If ever succeed IN. financiering,a az I.
desire to, then they VILE all give me my full
trimmings. that Is TO say they will all cali me
moad qad be Mr.
Ike for true. would like to tell some Of the
things 7 would do, but viii not do SO at the
building air castles. Most men Imagine that
If they had nest egg to start with they could
get the balance, but think 1t would be better
to have good setting OF eggs at the start. and
you might succeed, though have known
some to fail even after they had good brood
hatched out. Now l eau tell you Of moro
ways you would fail in, than you could get in
I don't care about knowing how to fail. n I.
could succeed half as easy as could fall,
would ask nobody TO be my aunty. would
be my full grown self at once. ~
| The proper way to succeed is to spend but
one per cent. of your income, and make n
hundred per cent. on every investment. Now
i If I could prevail on my club to adopt this
plan, and to push II vigorously for few years
I would soOn. merit and obtain my full TRIM
mings as desire 10 do as aforesaid, but my
club and his family have one rule that L fear
get hold or little money TO lay 1t oil ont In
things VIC could get along without, and then
credit, as long as our credit lasts, and finally
TO do without most oil the things we want for
the lack Of credi;-about the first of June ev-
cry year when the clubs credit gives out, tthe
money gives out early in january and We
are reduced to half rations, and every thing is
so high and IL takes SO much credit TO get u
little, we concluded hereafter we will buy for
cash, and get things cheap anda heapo them
for n little money, but We break over every
time we can get anything on n credit. and
then we get mad with The fellow that credits
us. and abuse him for selling so high that 1t
takes all VIC make and little more 10 pay
ont. In the first place. we are mad all tho
time because he wont sell us all we want on Q
credit, and then In the next place we are ma,L
sell us. SO we are out OF humor all tho time,
hence the importanceo OF understanding finan-
clering -.
nothing on q credit, and only nse half OF our
income In cash to buy with, and put tue 9th
er half to interest, and could live long enDugh
we might have some money when We came
to die, but my club wants money to live OF, 4,
and Is willing not to die at all, II II can't die
: on credit SO far II has had but little expo
rence in managing cash, and wants to prnc.
tice little the worst you ever saw, and there
Is no doubt but that 1t could use considera .
BILE sum without complaining Of the burden
or the responsibility. II would like to try lis
hand on ut least one COOL setting.
!. So far have only considered this matter on
q small or family scale. II Is also great ma
tional subject. All our statesmen and law
givcrs are using their best efforts to make
themselves rich and the rest of us not quite
30 rich. Some OF them pretend they would
be satisfied If they had ali the silver, some II
: they had all the gold and others II they had
all the paper money, but If you believe my
talk, If they had all the silver, gold and paper
money they would still not be satisfied. but
want all the nicklcs. OF which the bulk OF the
) coin my club gets hold OF, Is mostly COM
: posed.
It is useless for my club to try 10 instruct
the mai ational government in tinancicrng, as 1t
Is so self conccited 1t will listen to nothing
: the club might have 10 say on the subject.
: Nevertheless, my club unanimously believes
; that If the government would sell all the gold
and silver 1t has, and pay the proceeds out TO
! It's creditors, and then issue enough paper
money to pay all the balance Of Its debts, 1t
would be the best way to dispose of the whole
matter Gold and silver are too high to use
In making money Of when paper does just AZ
we'll. Respectfully, MIR. IKE.