San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1888-11-26
GUARDING MILLIONS.
FAITH IN MEN oe 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
Elem.
Did you ever consider what an aggregate
amount of money is hell in trust where the
only surety asked or given is honorl Per
has you have not appreciated the fact that
right here within the limits of the town of
Boston it foots 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-men of integrity who believe that
money dishonesty acquired is not worth lite
cost, while good conscience never costs as
much as it is worth-have under their i'm
mediate control two and three and sometimes
seven 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 head 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 bust
ness almost exclusively, giving bond when it
is required; but often q 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 q certain percentage for conducting
the affairs Of the estate, so that when the
property handled happens to get along in the
ueighborhood of the million dollar mark,
that revenue alone furnishes him with 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 business Of
handling estates whose individual wealth
ranges from 800, 900 upwards. In many in
stances tho business is so large that lawyer
is kept constantly engaged and the business
furnishes work either for the agent or the
firm or the head of the concern himself, who
acts as the representative of several insur-
ance companies. OF course the larger trust
firms do not do this, but it makes an excellent
place for some young man and it is not to be
sneezed at when a man first starts into bust
ness for himself
And, by the way, there is no better chance
or finer opportunity offered to young men
today than to gradually work into this line.
To the youth who is ambitious the writer
would say, save your earnings and watch the
auction sales Of real estate. Look out for
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 good
investment and ono which will yield you
rich return. Then, having got this first piece
of property, your ambition will prompt you
to secure another, which experience by this
time will have taught you to acquire in the
same manner.