Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-26
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HOW TO MAKE MONEY.
A Young Mechanic Asks the Important
Question.
He is Told by Three Wealthy and successful
Men What to Do-Invest in
Real Estate.

How to make money.
That Is the question that agitates the
minds of millions of people.
Not long since young man addressed
letter to a number of wealthy men
asking them how to make money.
This letter was written by young me-
of Western city, q fine speci-
men of the sober, industrious, thrifty
American woEklngman-one who is de-
termined to conquer fortune and to be-
come wealth and distinguished.
March 20, 1s90.-DEAR SLssRewing
that you are self maassSa III and have
achieved wealth bz,86 Own exertions,
l take the libsstl hskins your advice.
l am yonn nechanic with wife and
child eSsssShake good wages aud am able,
by*sffict economy, to save about $40 per
month. l now have about $500, and am
at loss TO know what to do with It.
Will you Kindly tell me what you consider
the best investment for small savings
with a view to making them the nucleus
OF great fortune? Would you advise
that they be deposited in savings bank
or invested in real estate or good stocks
or bonds? Will you also please give me
any general directions or advice that you
think will aid q young man, just start
ing IN life, to become rich? 1 inclose
stamp and shall be greatly obliged for
the favor of an answer. Respectfully
yours, -.
He received a number of replies,
among them the following from three
noted men.
E Hon. Roswell p. Flower, the million
sireme IN Der Of congress from the Twelfth
New York district, sends the subjoned
response to my young friend letter:
House OF REPRESENTATIVES,, U. S.,
WASHINGTON. March IS, 1890.
My DEAR SIR--In reply to your letter
of the goth inst. would say that it
would seem to me, were l in your rosi-
ton, that 1 would buy saspa asai estate
in your city. Yen aeFaSt duplicate real
estate s.'n,, Yes anpieate -, any other ell.
grows Real estate will! improve in value.
You could doubtless buy small piece
OF property that would rent for more
than enough to 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, therefore, to the
first question contained in your letter is
that real estate is the best investment
for small savings 10 make them the
basis Of q fortune.
know of no better way for young man
just starting IN life to become rich than
to be always sober, honest, industrious
and economical, to be true 10 his en-
ployers aud himself; to save ell he can
without being parsimonious, and to in
vest his savings judiciously in the way I
have indicated. Very truly yours,
ROSWELL p. FLOWER.
Hon. Benjamin F. Butler, the Million
aire manufacturer, lawyer, soldier and
statesman, comedies with Mr.. Flowers
high estimate of real estate as an invest
ment, as will be seen below:
LOWELL. MASS, March 30, 1890.
DEAR SIR-All the improved real estate
in Boston, as a rule, has paid its interest
and taxes and quadrupled in value dur
ing the past fifty years, while dur
ing the same period 80 per cent.
of all the merchants and traders in
the city have failed, and 80 per cent. of
all the business corporations have either
done likewise or gone ont 6glgo44ess, SO
that their 49, "a Wiped out. In
view of thsSj ts think l, may be I'M
hesitsile asserted that nothing else is
60 saf4an Investment for small savings
rs improved real estate. Nothing Is
likely to grow 10 value faster.
You had therefore better buy a piece
of improved real estate, however small,
that is paying rent. Pay in cash what
little money you have and give your
notes, secured by a mortgage on the
balance in small sums falling due ut
short intervals. and then use all
your extra Income from the rent
OF your property in paying them
off. You never incur any risk
in discounting your own notes. and when
your friends lind that you are placing your
money where 1t is perfectly secure, they
will bs glad to assist you II those notes
should come due q little too rapidly.
Thus in q short time, and almost before
you know 1t, you will have q considera-
lie aud safe Investment.
1t you had Q rlch father who would
%r,p, S~h . a. - o.. L..