Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-23

He received number of replies.
among them the following from three
noted men.
Hon. Roswell =. Flower, the million
airemember OF congress from the Twelfth
New York district. sends the subjoined
response 10 N ynung friend letter:
House OF REPREs ENrATIvEs U. s.
WASHINGTON. March &c, 1880.
My DEAR SIR-In reply to your letter
OF the 10Th inst, / would say that IL
would seem to me, were i in your Tosi-
ton, that | would buy some real estate
in your city. You cannot duplicate 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 a small piece
OF property that would rent for more
than enough 10 pay the taxes upon it
and the interest on the mortgage you
would have to give. This surplus you
can save, in addition TO what you are
now saving out of your wages, and you
could apply it to paying off the mort
gage. My answer, thu refore, TO the
first question contained in your letter is
that real estate is the best investment
for small savings TO make them the
basis of fortune.
KNOW CT no uetteT WY TOT young man
just starting IN life TO become rirn than
to be always sober, honest, industrious
and economical, to be true TO his en-
ployers aud himself; to save ell be can
without being parsimonious, and to in
vest his savings judicously in the way l
have indicated. Verv truly yours,
ROSWELL z. FLOWER.
Hon. Benjamin F. Butler, the Million
girn manufacturer luUyar soldier and
statesman, coiucides with Mr.. Flowers
high estimate of real estate as TN invest
meut, as will be seen below: n
LOWELL. Mass, Marsh 30, 1890.
DEAR SIR-All the improvedefeal estate
in Boston, as rule. has paisFits interest
and taxes and quadrupled value dur
ing the past fifty yeurs& while dur
ing the same period per cent.
of all the merchants hd traders in
the city have failed, ab4 80 per cent. of
all tn business corpoHitions have either
done lAswise or goneSBlt of business, so
that theh4Stock hasSBeen wiped out. In
view of ,heA fact64 think It may be I'M
hesitatingly Nka2fed that nothing else is
so safe an inve5 Sent for small savings
as improved aYsstate. Nothing is
likely to rros4n valU faster.
You had ifrefore bebAr buy piece
of improvN&r estate. Mgeser small,
tha, is px2snr rent. Pay 10, cash what
little maaey you have and give your
notes, s&tured by mortgage on the
balance in small gums falling due at
short intervals. aud then use all
your extra income from the rent
of your property in paying them
off. You never incur any risk
in disrouuting your own notes. and Hhen
your friends find that you are placing your
money where II is perfectly secure, they
will b. glad to assist you il those notes
should coue due little too rapidly.
Thus in asshort time, and almost before
you snoEdt. you will have considera-
tie anisafe Investment.
II 1f5oh la Ia rich father who would
ffursisk tbs ASH to start you in business,
sou Hou1J II obabiy do better in the long
.rsnsif you inAsseed it in the way l have
pointed out rather than to risk it in
trade, meanwhile earning your living by
working for salary.
For young man just starting out in
life, whose ambition 1t is to become rich,
l would say never do O mean thing for
money. Yours truly,
BENJAMIN F. BUTLER.
The great Barnum writes:
"wALDENERE," NEAR BRIDGEPORT. Conn.,,
April Z. 1880. I
DEAR SIR-The safest plan and the one
most sure of success for the young man
starting In life is to select the vocation
which is most congenisl to his tastes.
He should then be careful to