Telegram-herald., 1890-07-03
THE OBSERVER



The circumstances under which
Young men commence % 1--we are vide
b varied. Bat there are more young
men, who fau Ia the investment Of
what they ezrn or receive, than ID any
other way IA which tney acquire prop
eEsy. Tie temptations TO speculation
are 50 great, and ths desire Tor beoom-
ing rapldlyr.ch % strong, that nice out
Of ten, perhaps ninety-nine Out Of
svery hundred, Of our young men are
wrecked al the very outset.
Ii = young man i earning something
more than his ord nary living expenses
aGa hAs no object IN view. he Is likely
eithsr 10 increase those expenses,
thoughtlessly, or TO loan his money 10
his confidential friends and IA SO dong
Ia tae majority OF cases he viii lose
both. friends and money, 50 that the
best thing he can do Is 10 have an OBJ
iect ia view, to gather IN his money and
10 have a call for il which shall be
profitable one. The young man makes
no Investment because he says, 81
have got go little money that ie does
not amount 10 anything, SO | will wait
untii | have moFe," and IN waiting, he
losses the htIle he already has.
When young man has but little
money, let HIM invest Il in some good
property. Preferable however small,
according to his scanty means, is lm-
Fs.sN "a 10 trhr cr
some rent. He had better watch his
chances Tor good piece about 70 be
sold at auction, under a judicial sale,
paying what he can, and giving hlS
notes for the balance in small sums,
coming due Al frequent recurring IN
teTvals, With renewed conditions If
necessary, secured by a mortgage Oh
the property, IL demanded, then use all
his extra time and income in paying
them up. 1t is always safe TO discount
ones own note and If the notes
come little fast, friends will step up
and help pay them, when they find
that he is placing his money
where IL can not be lost, and
where the property IS taking care of
the interest, and IN very short time
he will find that he has very consid-
| erable investment. He himself will be-
come more interested In il, work the
harder, save his money to meet his
notes, 10 buy more, and thus become
| directly III possession OF = considerable
property, and hardly know how he Sc
cured il. He will have had motive IN
saving and, though he lose all, he will
be better prepared to earn more and IN
vest again with, perhaps, greater sue
| cess than though he had not cultivated
these saving qualities. he will have Sc
cured the result OF saving and viii not
be tempted To enter into speculatlons
or squander his money foolishly. Moth
| ing is more safe for an investment than
improved real estate, if purchased al
reasonable figures. Nothing is likely
to grow any faster in value. II
is stated that during the past fifty
years over ninety per cent. OF all
| the once prosperous merchants
and traders throughout the country
| have failed during the same number OF
years, and all the large corporations
have failed and been obliged to go out
! OF business, so that their stock has been
wiped out, and hundreds who are now
in what is supposed TO be prosperous
manufacturing business, will die poor
within the given period.
Now take all the improved real es
tate. On the average 1t has paid its in,
tercst and its taxes, and doubled and
quadrupled in value. If a young mans
father has anything to give him TO start
with in the world, he had better invest
it for him in this way and let it accumu,
late. He certainly can not spend it
but it will earn him a living, and he
will be a richer if not a better man
than if he had gone into business
There are too many men in business
and comparatively few who improve
and develop our would-be valuable rea
estate.