The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-03-16
The Real Value Of Money.
Escientiic Au,ericap.l

CScientilic Americana 80
Do you ever consider this subject ?
There is some philosophy in the bard.
hearted answer which Boston Inii~
iioDsire is said to have made to u re-
auest fromsia lady Of that city, who
mad appealed to him in behalf Of .
charity. Madam" said he, II would
be glad 10 help you, but 1 am utterly
unable to do 80 at. this moment. Why,
madam, I have to-day one million and
a quarter OF money in the banks, and,
believe me, this amount is not yielding
me one cent Of interest,"
Money has both an intrinsic and an
earning value. II you have dollsr1
ia the morning, and at night findA that
it has cost you just that one dollar to
get through the day, you have
ONLY. realized its intrinsic value but
suppose that, by q judicious invest.
ment. you find at night that y0pq have;
been able to1ayAyb0f Fday's s4pepses,
and stili have 3 dollar teft from ihai
inyestnenE yob realize something of
iii ear1Iint valuo. III that investment
in the morning yielded you not only
the dollar back. but seven cents in adj
dition, and after paying the expenses
Of thq dayl you found thst you had the
doIl4i1bsG the earning value Of lhst
one dollar was just seven cents, no
more, no less. And so In the transsc-
ttons of the year, If the Investment be
made at the beginning, and the close,
after deducting every expense Of any
kind or nature, including natural wear
and tear, It be ascertained that the
orig tnal amount is unimpatred, the
earning value of that original invest
ment may be summed up In the
amount used to pay the above nnen-
toned expenses. II u surplus remain,
then the investment has increased 10
value II a deficit exist, then the orjgl-
nal Investment IL impaired.
Taking these proportions az truths,
then, 1t may be assumed with safety,
that the first object OF importance, in
any trade or occun nat l0n, sisSlo preserve
ones capital uni np4trsd. FN iss very
clear that, when one's capital Ii ex-
hausted, ones occupation Is destroyed.
A second Is to so manage an siavest-
meat as ats es,ai.lisp, y possibies .. sps-
pfaa, id fear gt,afd sif you sphasS. 4,
the diSnSl capital, 1.-THE vsiae 81 hhts
eriR1bsa eSpitsl sw,h thus de lheSeased,
and If there be demand for it, 1t ls
then possible to spread out ones bust
ness, being ever mindful that whatever
amount Is set aside as working capt.
tai, the first object OF success is.ia pre-
serving Ii intact.
Bearing these things in mind, 1t will
not be slifticult in any enterprise to de>
terminus Whesher prosperitys at Ah6 re-
A..
This principle holds true throughout
every sphere of iif-'s work. Take, for
instance, any one OF the various trades.
Consider the time and money expended
in learning a trade; then one II only
realizing the intrinsic valus III money.
But suppose after years OF constant
practices, and endeavor, the apprentice
bsco@es Askilleds artisan, aud yjust b.
0Seshb StaSts .ont. inshis tifs'sg works he
takes account of the money 1t has cost
him and of the time reduced to q
money basis, he has spent in his sp-
premiership, and sets that down as his
capital, il he "a then able to make Tor
himself q comfortable living, aud 10
time Is able to lay up for future devel.
opment, he Is re enforcing very sub
stan TALLY the capital which he invested
in his early training He Is reali1ing
tho earning value OF his money! OH
erwise he knows only of, and has ex-
hausted Its Intrinsic value. The true
value ottmuuey. therefore, may be said
to be ,msasnked sby the lbsnefits which
may arise from q .judicious investment
thereof for . stated ,me, nd, thout
its hnpSienreeta 3 my particular. = (
In this connection the American
Artisan, from whom we copy, relates
an Instance taken from an English
journal quoting from a chapter in the
life of one of the greatest metallurgicAl
and engineering kings Of this century,
as follows: "IIe made it rule for
many years to utilize his profits in the
extension Of his works. "This," says
this Eogish journal, els the secret OF
building up II works from nothing, till
the output, after twenty-five years,
reached over $50, 100000 annually,
Such are the colossal enterprises OF Viii.
iism Baird & Co., Knapp, Stewafts,
Crossley Bros, and hundreds Of others
that will occur 10 the reader at once.'
Advice to Mothers.
Mrs. Wiusiow's Soothing Syrup
holllt ALWAYS be useIl when chiltlreu