Daily Republican., 1890-01-21
SLOW AND SURE.

attained the age OF 25 the same year, and
both On the frst Of May wsro summoned
into Mr.. Lingsrd's presence. lie thus
addressed them:
"You have been In my employ eight
years; you know how my business Is con-
Quoted, and consider you competent to
manage business OF your own. Though
| should he glad TO retain you longer as
clerks, wi not stand in the way oil your
advaucemont. have placed 10 the credit
o. each Of you,at my bankor's, the sum OF
5000. THIS Will supply you with
sufficient basis for EN- barking In BUSH
ness. With economy in your personal
expenses, and rrudeut aud Judie,ous
management, you viii succeed. Success
to your
This was long speech for the old mer-
chant. yet after moments pause no
added.
| have one hing more 10 say. THIS Is
all purp Sc TO do for you. You have
five times the capital started with, and
with II you must sink or t6in. You
have my best hopes and wishes, but need
look Tor 10 further pecunary aid"
HE ncphews Thanked him hartily, and
at once took measures TO 70 into business.
John Warren secured q modest shop at u
moderate rent, and determined to do
business on cash basis, contenting him
self With such q stock rs his own capital
would buy. He made lis purchases
judioiously aud overlooked every detail OF
his business personally.
Stephen Grey had larger ideas. He
hired shop at three times the reut,
pushed his credit to the utmost, and
made &, eat show at the outset.
Both young men were engaged, and
both were soon married. Here, again, u
differ nee was manifested.
John Warren hired a small neat cot
tage Just GU side Of London, and furnish
! ed 1t in q cheap, inexpensive manner.
One servant only was employed, who to-
gether with boy 10 run errands, was
found sufficient for u small establish
mcnt But Stephen Grey turned up his
nose at the cottage, and bred city
house at four times the rent. which, oil
course, required more servants aud I
larger scale Of expenditure.
"I'm not going to live like a pauper, .
he said loitily.
| But can you afford such house, Ste
phen?" asked bis cousin.
my business profits will be much
greater than yours" he answered. al
b. gin where you will be 1--WE year,
hence"
"Perhap, So" said John, shrewdly
"bnt where will you e theD?'
| Don't fear for me" said Stephen
confidently; "I'm ashamed of You TO
not showing more enterprise. You'v,
immured youselt In an obscure shop
where you will do next to no business.
81 don know about that I'll rathe
be slow and sure. It's better to hug tn
shore than get wrecked In mid ocean"
"perhaps so. but know | am on tn
way to fortune. Ten Iesrs from nov
shall have turned my five thousan,
pounds into hundred thousand, Will
you may possibly have illlesn."
81 see you are not to DO convinced.
"Nor you, suppose"
"No, my motto IL, slow and sure.'"
"And mine, nothing venture, nothinl
have"
swell, the future can alone decid
which of us is right
30 the two cousins separaied.
am bound to conf, So, though my ow
feeling is that John was right, that cir
cumttances seemed to justify Stephen 4
his course. 1t go happened that the par
ticular classes of goods OF which he Ia,
bought so largely rose rapidly, owing to
state of things which needn't be explniu
ed, aud as his stock was large, his profit
were also very large. Indeed, notwith
sanding his personal expenses were thr,
times as great IS his cousins, his balanc
sheet showed, at the end of the year,
clear profit o. 60, 600. In other words, h
had doutl d his capital, and WAS no,
worth 4l0, co. John had prohtfd, too, b
the rise, but on account OF the more ljin
tied extent OF Ills business, advanced ;
but $4,000. But with this he was wei
pleased. and counted himtef fortunate
"How about our different matters?
sai stephen one day sbo1t this time, 4
rather an exultins tone, to his cousin.
VI have no reason TO complain G
mine, said John, sit has served IN
we'll"
.But not so we'll as mine"
ct Ia ha dly time to feel sure of tina
yet, said john.
al don't agree with you shall kee
on as have begun. Indeed, shall ex
tend my operations. ! am Ia treaty IL
II larger store, aud"
For larger store?' exclaimed Johu
surprised.
"Yee; il may suit you to poke along a
q snail's pace, but | boast u litlle NOR
enterprise.
"You can't expect things viii alwsy
be as favorable as they have been thi
last year"
ave must take things as they come, o
course; but when the sun shines It's tn
time to makS hay.
II 10, c you will make plenty of It
and BIO ready Tor a shower, il that shoul,
come"
Trust me for that; | know what In
about. You'd better follow my exam
pie.
"How, move into larger s'ote?"
'Yts take the one which am abou
to leave"
John shook his head.
at IS too large for me-" he said. g
am rot yet ready to enlarge my opera
tions hey md my present lmit."
"Well, it's good advice I'm giving you
whether you take 1t or not"
'I've no doubt you think SO, Stephen
hope you will meet with no reverses t
shake your faith In your motto"
60 the two cousins again separated
and each continued to do business In hi
own way. Not only did Stephen inefeas
his business expenses by occupying
store at a higher rent, requiring an add
tional number Of clerks, but he ais
moved Into larger house aud set up
carriage.
But circumstances still favored Ste
phen. The rise in price continued
though not to as great all extent, and hi
: stock being larger, he cleared snothe
five thousand pounds. He began to thin
of himself as destined to be lucky, an
IN no danger of any reverses. But at tn
end OF the third year, which was les
favorable he barely held his own. Still
| ka I'D A.