Daily independent. [volume] (Elko, Nev.) 188?-1915, 1890-06-14
THE ROAD TO SUCCESS.
Young Mon Now Enjoy Greater Oppor-
tunitIes Than Ever Before.

rISe, "r1CeS Andrew carnegie, In the
New York Tribune. First, drunken
ness, which. of course, is fatal. There
is no use in wasting time upon any
young man who drinks liquor, no matter
how exceptional his talents. Indeed,
the greater his talents are the greater
tho disappointment must be. The sec
ond rock ahead is speculation. The
business Of speculator and that of
manufacturer or man of affairs are not
only distinct but incompatible. To be
successful in the business world the
manufacturers and the merchants
profits only should be sought. The
manufacturer should GO forward stead
lily, meeting tho market price. When
there arc goods to sell, sell them;
when supplies are needed, purchase
them, without regard to the mar
ket price in either case. have
never known a speculative manu-
facturer or business man who scored a
permanent success. He is rich one day,
bankrupt the next. Besides this, tho
manufacturer aims to produce articles,
and in so doing to employ labor. This
furnishes laudable career. A man in
this vocation is useful to his kind. The
merchant is usefully occupied distribu-
ting commodities; the banker in pro-
viding capital. The third rock is akin
to speculation ENDORSING. Business
men require irregular supplies of
money, at some periods little, at others
enormous sums. Others being in tho
same condition there is strong tempta-
ton to indorse mutually. This rock
should be avoided. There are emer-
gencies, no doubt, in which men should
help their friends, but there is rulo
that will keep one safe. No man should
place his name upon the obligation of
another If he has not sufficient to pay it
without detriment to his own business.
1t is dishonest to do so. Men arc
trustees for those who have trusted
them, and the creditor is entitled to all
his capital and credit. For ones own
firm, your name, your fortune and
your sacred honor" but for others, no
matter under what circumstances, only
such aid as you can render without dan
ger to your trust. 1t is q safe rule, there
fore, to give the cash direct that you
have to spare for others and never your
Endorsement or guarantee.
One great cause of failure Of young
men in business is lack of concentra-
ton. They are prone to seek outside
investments. The cause of many sur
prising failure lies in 80 doing. Every
dollar of capital and credit, every bust
ness thought should be concentrated
upon the one business upon which q
man has embarked. He should never
scatter his shot. 1t is poor business
which will not yield better returns for
increased capital than any outside in
Vestment. No man or set of men or cor
poration can manage a business mans
capital as we'll as he can manage it him
self. The rule, "Do not put all YOUR
eggs in one basket" does not apply to a
mans life-work. Put all your eggs in
one basket, ana Gnen watch that basket,
Is the true doctrine-the most valuable
rule Of all. While business of all
kinds has gone, and is still going rapid
ly, into few vast concerns, it is never
theless demonstrated every day that
genuine ability, interested in tho pro-
fits, is not only valuable but indis-
pcnsable to their successful operation.
Through corporations whose shares are
sold daily upon the market; through
partnerships that find it necessary to
interest their ablest workers; through
merchants who can manage their vast
enterprises successfully only by inter-
esting exceptional ability; in every
quarter OF the business world, avenues
greater in number, wider in extent,
caster OF access than ever before ex-
istcd, stand open to the sober, frugal,
energetic and able mechanic, to scien-
tifically educated youth, to the office
boy and to the clerk-avenues through
which they can reap greater successes
than wore over before within the roach
OF these classes in the history of the
world.
When, therefore, the young man, in
any position or in any business, ex-
plains and complains that he has not
opportunity to prove his ability and to
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