Rock Island daily Argus., 1888-11-13
GUARDING MILLIONS.
FAITH IN MEN Or INTEGRITY VERY
RARELY BETRAYED.

Trusts Bestowed Where Honor Is Surety |
A Good Opening for a Man of BUSINESS
Integrity-A Bit of Advice to Young
Men.
Did you ever consider what an aggregate
smc unt of money is hell in trust where the
only surety asked or given is honori Per-
hans You have not appreciated the fact that
right here within the limits of the town of
Boston it foot5 up millions upon millions OF
dollars. 1t is held in all sorts of forms
stocks, bonds, mill property, and, perhaps
greater than all of these in magnitude, real
estate. This class of property where num-
Der of heirs exist is usually left by the tesla
tor to an executor, and perhaps trustees, who
are appointed at the request of the testator
without bond In many instances such trus-
tees-nen OF integrity who believe that
money dishonesty acquired is not worth its
cost, while a good conscience never costs as
much as it is worth--have under their i'm
mediate control two and three and sometimes
5even and eight millions of dollars to invest
or to keep track of, to look after the property
ard TO see that it is always kept IN such con-
dition as to yield the largest possible returns
| GOOD OPENING.
In many instances, OF course, such men are
those who are already at the bead of big
houses, gigantic banking firms, but in some
| cases they are men who, to be sure, are pos
sessed of property themselves, but who are
nevertheless comparatively unknown. Some
of our largest banking firms, and members
of firms along Devonshire street, do this busi
ness almost exclusively, giving bond when it
is required; but often real estate agent
secures such appointment and very frequently
it brings him business he would never have
secured had he not possessed this office of
trust Then, in addition to this, he is allowed
by law a certain percentage for conducting
the affairs of the estate, so that when the
property handled happens to get along in the
neighborhood of the million dollar mark,
that revenue alone furnishes him witt a
very respectable return. 1t is left-the
entire management-to him, and the
faithful manner in which in almost
every instance the business is conducted
furnishes an excellent text on which to fasten
the argument that men in positions of trust
are honest.
There are in this city no fewer than twelve
firms and persons who make a business ot
handling estates whose individual wealth
ranges from 100000 upwards. In many in
stances the business is so large that lawyer
is kept constantly engaged and the business
furnishes work either for the agent or tn,
firm or the head of the concern himself, whN
acts as the representative of several insur
anee companies. OF course tha larger trus
firms do not do this, but il makes an e1cellen
place for some young man and it is not to b.
| ,+, N int 6,,s;
!, ness for himself.
And, by the way, there is no better chanc
or finer opportunity offered TO young mel
today than to gradually work into this line
To the youth who is ambitious the write
would say save your earnings and watch th
: auction sales of real estate. Look out TO
improved property, and when you see bar
gain-they are TO be had every day-buy
and then let or lease. You will find it a goo
investment, and one which will yield you
rich return. Then, having got this first piec
, of property, your ambition will prompt yo
, to secure another, which experience by thi
! time will have taught you to acquire in th
3 same manner.
BEGIN TO GO SLOW.
In time the savings from your salary
l coupled with the rentals from both pieces
: property, will have cleared the second hous
|, and you are all ready for a third. Now begi
4 to go slow Remember the old adage, Loo
7. before you leap BY ambition fell IL
1 angels, and your desires may by this tin
8 have brought about in you predilection fc
8 vaulting into fortune. Curb your passion
don't mortgage too rapidly nor too heavil,
: Always pay for No. l before beginning No.
: do thic fa md
r you will soon be comfortable. Now, havir
a three or four houses, with an aggregate O
o say, ten tenants. and the property all yo'
own, strike out as an insurance agent.
this time you can give the company lit
business on your own account, and you oug
s to have an acquaintance extensive enough
~ secure considerable patronage.
: Having arrived at this poipt of prosperit
:, your chances are almost ripe for an extensiv
: as well as permanent success. Now secu
= the management Of some estates You C,
10 do it if you have been emulating the examE
: of the men who you see about you nc
, handling gigantic fortunes and trusts
- other people. They know what integrity
- it is their article Of faith, and it has broug
;, them honor and riches. They never betray
II a trust in small things; thera is no indu,
# ment to do so in great things, As hope
"a the poor mans health, 50 honor must be t
n fountain from which you draw mental a
nj moral strength Having this honor, a
a being possessed of some property, You "
,a find that YOU can obtain the handling of
D. tates for other people, and you will find IL
testators will impose in many instances t
only obligation that you manage the affairs
their heirs in such manner as your conscier
he and your integrity prompts This busin
I'd will, in the natural order of things, a
es greatly to your financial prosperity and,
IS. the event of being required to furnish bon
Is, you will be in a position to supply the mo
50 tary requisite, From this point forwl
,h your success is in your own keeping. Alwt
43 let it be said that your word is as good
er your bond.-Boston Globe.
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