Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1890-05-01
CHRISTINE'S CHRYSTALS.
How to be a Rich Man--Masters Of the
Money Making Art Point
Out the Way.
Varied Advices to Men Of small Savings as to
the Better Plan Of Investment.
How and When to Buy.

best known millionaires-in every instance mer
OF the people, who have been the architect Of
their own fortunes and have raised themselve!
by their own exertions from hnmole, poor boyI
to an hcnored place among the monied aristoc'
racy Of our country. This letter was written b.
a young mechanic OF Western city, q
hne specimen of The sober, industrious,
| thrifty, American working man-one whc
is determined to conquer fortune and
to become wealthy and distinguished.
are self-made man and have achieved wealth
by your own exertions, taka thefiberty Of ask
ing your advice. am young mechanic with 6
wife and child. / make good wages and am
able by strict economy, to save about forty dol
lars per month. 1 now have about Eve hundred
dollars $500, and am at a loss to know what to
do with it. VIII you kindly tell me what you
consider the best Investment for small sa wings
with q view to making them the nucleus of 8
great fortunes Would you advise that they be
deposited in savings bank, or invested in real
estate or good stocks or bonds? viii you also
please give me any general directions or advice
that yon think viii aid young man, just start
ing IN life, to become richH enclose stamp and
shall be greatly obliged for the favor Of an an
swer. Respectfully YOURS,
The FIRST reply received to the above letter
was from the famous millionaire banker and
broker. so prominently identified with public
events in this country during the past quarter
OF a century, Mr.. Henry Clews:
BANKNG HOUSE op HsNRY CLEws g. Co.,
Nos. IS and Is Broad street,
New YORK, March %, 1880.
DEAR sTR--When old Meyer Rothschid was
pounded TO me. he said: az buys sheep and
sells dear Those who follow this method
always succeed. Few things present better
than stocks and bonds, and such securities.
when 'gilt edged - not only pay interest on
the investment, but can also be readily turned
into money at any time, If desirable.
In order to become rich the young man Just
starting in life should choose that occupation or
avocation for which he has the most decided
r.rafa Ma1t nlor hac IN fhn
gr1ndstone, SO TO speak, through life. simply be-
cause he has chosen, or his relatives and friends
have chosen Tor HIM, some business or profess
sion to which he is not adapted, and which he
finds is not eongenial to him, while in a career
for which nature ana education had fitted him
he might not only be happy and successful, but
make his mark as a star of the first magnitude,
The Good Book tells that whatever our
hand finds to do we should do 1t with all out
might, but a young man is not inclined to do in
that way things that he does not like. But
whatever young men do voluntarily from choice
they, as a rule, do well. 1t is therefore very
important for young man just starting in life
TO be sure that the calling in which he engages
is thoroughly congenial to him and one in which
ne can put forth his best efforts with the great
est enthusiasm and delight.
The utility of q collegiate education for sue
cess in business is now being largely debated.
AS the college curriculum and training stand at
present, the ordinary course is not in general
calculated to make good business man 1t is
enormously regarded by some people as g kind
of substitute for business training in the earlier
years of the young mans life. There can be no
greater mistake in the beginning OF business
career. 1t is in many instances not only hind
rance but Absolutely fatal to success. Yours
Mr., Charles A. Pillsbury. the millionaire aour
king of Minneapolis, whose gigantic Touring
mills-the largest in the world-daily turn out
10, 500 barrels of -four. writes as follows:
pnlsBuRY- wAsHBuRN FLOUR MILLS COMPANY.
MINNEAPoLIs, MIMI, March 26, 1890.
My DEAR SRI am in receipt Of your favor of
the goth inst. 1 think q arst-class savings bank
as secure depository for money as any place
There is not much use accumulating money IL
You do not get interest on it.
In reply to your request for general advice and
directions to aid young man Just starting in life
to become rich, would say that IL slch young
man is in the employ of others 1t should be his
aim to earn his salary many times over, and not
be contented to earn it but once and merely give
satisfaction to his employees. He should strive
to do more; In my arst years in business,
though neither asked nor expected to do SO,
frequently worked all night A young man who
thus devotes himself, heart and soul, TO his en-
is appreciated for even If his employers should
fail to reward it. someone viii surely observe 1t
and the way Of promotion will open before him.
There are vacant places in the higher walks of
every business and profession for the young man
who follow this course.
Some men fail because they overrate their
own ability and underestimate that Of their
competitors. Such q mistake should be care
fully sroided. Let a man with ever so great
natural ability, but lacking capacity for hard
work, compete with duller man but one who
tolls early and late, and the latter Will outrun
him on the road 10 success every time. Wed
naturalsa ability to hard work and you have
combination that nothing can defeat. Yours
truly, CHARLES A. PILIsBURY.
Hon. Boswell P. Flower, the millionaire mem
Der of congress from the Twelfth New York dis
trict and an available candidate for the presi-
Dental nomination on the Democratic ticket
sends the subieined response to my young
friends letter.
HOUSE OF REPRESENTATIVES, q. s.,
WASHINGTON, d. c., March &c, 1880. I
MY DEAR SIR-Ia reply to your letter OF the
Goth inst; I would say that it would seem to
me, were IN your position, that would buy
some real estate in your city. You cannot du-
plicate real estate. You can duplicate any
other kind OF security, and as the country
grows real estate will improve in value
You could doubtless buy q small piece Of prop
erty that would rent for more than enough to
pay the taxes upon it and the interest on the
mortgage you would have to give. This sur
plus you could save, in addition to what you are
now saving out OF your wages, and you could
apply 1t TO paying off the mortgage. My an
swer, therefore, to the first question contained
in your letter is that real estate is the best in
vestmens for small savings TO make them the
know of no better way for young man lust
starting in life to become rich than to be always
sober, honest, industrious and economical, TO
be true to his employers and himself; to save all
he can without being parsimonious, and TO In
vest his savings iadiciously in the way have
indicated. Very truly yours.
Hon. Benjamin F. Butler. the miiiionaire
manufacturer, lawyer, soldier and statesman,
COlnc1QeB Win ftOWer@S Q1gn estimate OF
real estate 80 an Investment as will be seen be-
low:
LOWELL, MASS, March 30, 1890.
DEAR StR-All the improved real estate in
Boston, as rule has paid its interest and taxes
and quadrupled in value duricg the past fifty
years, while during the same period 90 per
cent. of all the merchants and traders in
the city have failed, and 90 per cent.
of all the business corporations have either done
likewise or gone out OF business, 80 that their
stock has been wiped out. In view Of these
facts think it may be unhesitatingly asserted
that nothing else IL so safe an investment for
small savings as improved real estate. Nothing
Is likely to grow 10 value faster.
You had therefore better buy . piece Of i'm
proved real estate, however small, that Is pay
ing rent. Pay in cash what little money you
have and give your notes, secured by a mortgage
on the property for the balance in small sums
your extra income from the rent OF your proper
ty in pay ing them of. You never incur any risk
in discounting your own notes, and when your
friends find that you are placing your fnoneF
where it IS perfectly secure they will be gla4 ~
assist you II those notes should come due lttle
too rapidly. Thus IN short time and aAaost
before you know it, you will have cQnsids BILE
aEd safe Investment.
II yoa had rich father who woul inrpish he
bl7 do better in the long run If I5n inveS9ed 1t
in the way have pointed out ut}ner than tefl1s
1t in t.sde, meanwhile earning your living ~
working Tor a salary.
For young man Just starting in ife, whose
ambition it Is to become rich. would say never
do mean thing for money. Yours truly,
BESJAMIN F. BuTrEa.
aire OF Baltimore, who has devoted large por-
ffOn of hfE N aefaf fah{ q Enorh