The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1890-10-24
ADVICE TO BOYS.
Don't Brink, Don't Speculate and Don't
Ind0rse for others.

Ind0Tse for others.
Andrew Carnegie, the iron mil
lionaire and great friend of Secre-
| tarv of State James G. Blaine.
writes this advice to the boys in the
Youths Companion,
"You are about to start in life,
and it is well that young men should
begin at the beginning and occupy
the most subordinate positions.
| Many ofthe leading business men of
PittSburg had IA serious responsible
ity thrust upon them at the very
threshold of their career. They
were introduced to the broom, and
spent the first hours of their bust
ness lives sweeping out the office.
81 was a sweeper myself, and who
dOyou suppose was my fellow sweep
ersg David McCargo, now super
intendent of the Allegheny Valley
railroad Robert Pitcairn, superin-
tendent of the PENNSYLVANIA rail
road, and Mr.. Moreland, city attor-
ney of Pittsburg.
"Begin at the beginning, but aim
high. would not give fig for
the young man who does not already
see himself the partner or the head
OF an important firm.
''There are three dangers in your
path-the first is the drinking of IL
quor, the second is speculation, and
the third is 'endorsing'
"When | was telegraph opera.
tor in PlttSburg | knew all the men
who speculated. They were not
our citizens of first repute; they
were regarded with suspicion. |
have lived to see them all ruined
bankrupt in money and bankrupt
in charactar. There is scarcely an
instance of man who has made a
fortune by speculation and kept
it.
"The man who graspS the morn
ing papers to see how his specula,
tive ventures are likely to result un-
fits himself for the calm consider
alton and proper solutions Of bust
ness problems with which he has to
deal later in the day, and saps the
sources Of that persistent and con
ceutratcd energy upon which de-
pends the permanent success, and of
ten very safety, of his main business.
The thorough man Of business knows
: that only by years Of patient, unre-
hitting attention to affairs can he
earn his reward, which is the result,
not of chance, but of well divised
means for the attainment of ends.
"N0thing is more essential to
young business men than unfair
nished credit, and nothing kills
credit sooner than the knowledge
in any bank board that man en-.
cages in speculation. How can a
man he credited whose resources
may be swept away in one hour by
panic among gamesters ! Re-
solve to be business men, but spec.
ulators never.
"The third danger is the perilous
habit of indorsing notes. 1t ap-
peals to your generous instincts,
and you say, tHOw can | refuse to
lend my name only to assist
friend 2 1t is because there is so
much that is true and cOmmenda-
able in that view that the practice
is dangerous. If you owe any
thing, all your capital and all your
effects are a solemn trust in your
hands, to be held inviOlate for the
security of those who have trusted
you. When a man in debt endorses
for another, it is not his own credit
or his own capital that he risks, it
is the money ofhis creditors. There
fore, | say that if you are ever call
ed upon to endorse, never do it un-
less you have cash means not re.
quired for your own debts, and
never endorse beyond those
means"