Wichita eagle., 1888-11-17
GUARDING MILLIONS.
FAITH IN MEN or INTEGRITY VERY
RARELY BETRAYED.

AneeST1ey-A 0as Oh A0v1co 20 Aou04
Mem.
Did you ever consider what an aggregate
amount of money is hell in trust where tie
only surety asked or given il honori Per
haps 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 It = 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 tests-
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 its
cost, while good conscience never costs an
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
and to see that it is always kept in such con-
dition as to yield the largest possible returna
aooD 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, bus 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 a real estate agent
secures such appointment, and very frequently
it brings him business he would never have
secured bad he not possessed this Office Of
trust Then, in addition to this he is allowed
by law 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 with
very respectable return. 1t is left-the
entire manegement-to him, and tho
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 Of
handling estates whose individual wealth
ranges from 500, 900 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 the
firm or the head Of the concern himself, who
acts as the representative of several insur-
ence 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 one 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.
BEGIN TO GO SLOW
In time the savings from your salary,
coupled with the rentals from both piec<s of
property, will have cleared the second house,
and you are all ready for third. Now begin
to 60 slow Remember the old adage, "Look
before you leap By ambition fell the
angels, and your desires may by this tirne
have brought about in you a prediction for
vaulting into fortune. Curb your passion;
don't mortgage too rapidly nor too heavily.
Always pay for No. l before beginning No. Q.
II you do this you are safe, and with patience
you will soon be comfortable. Now, having
three or four houses. with an aggregate of,
say, ten tenants. and the property all your
own, strike out as an Insurance agent. By
this time you can give the company little
business ON your own account, and You ought
to have an acquaintance extensive enough to
secure considerable patronage
Having arrived at this poipt Of prosperity,
your chances are almost ripe for an extensive,
as well as permanent success. Now secure
the management of some estates. You can
do It if you have been enulating the example
Of the men who you see about you now
handling gigantic fortunes and trustS for
other people They know what integrity Is;
1t is their article OF faith, and it has broughs
them honor and riches. They never betrayed
q trust in small things; therr Is no induce
ment to do 30 IN great things. As hope is
the Door mans health, 50 honor must be tho
fountain from which you draw mental and
moral strength. Having this honor, and
being possessed Of some property, you will
find that you can obtain the handling Of es-
tates for other people, and you will find that
testators viii impose in many instances the
only obligation that you manage the affairs Of
their heirs in such manner as your conscience
and your integrity prompts. This business
viii, In the natural order Of things, add
greatly to your financial prosperity and, in
the event of being required to furnish bonds,
you will be in position to supply tho none
tary requisite. From this point forward
your success Is in your own keeping. Always
let il be said that your word is a. good a.