San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1890-10-08
CARNEGIE'S THREE DON'TS.

SAhNLOlC lHhEES DoN 10.
Drinking, Speculation and Endors-
ing to be Eschewed.
You are about to start in life, saws
Andrew Carnegie in the Youths
Companion, and it is well that young
men should begin at the beginning
and occupy the most subordinate po-
, sitions. Many OF the leading men of
Pittsburg had serious RESPONSE
bility thrust upon them at the very
Threshold of their career. They were
introduced to the broom, and spent
the first hours of their business lives
sweeping out the office.
you suppose was my fellow
superintendent of a, the Allegheny
Valley railroad; Robert Pitcairn,
superintendent OF the Pennsylvania
railroad and Mr.. Moreland, city at
torney of Pittsburg.
Begin at the beginning but aim
high. would not give a fig for the
young man who does not already see
himself the partner or head of an i'm
portant firm.
After long ride the princes were
hurrylng home when suddenly they
encountered an old Hessian peasant
woman carrying monstrous collec-
ton of dried brushwood on her back,
which SO covered her that her figure
was scarcely to be perceived.
"Ach?" exclaimed Prince Eitel to his
brother. Look yonder, Fritz; the
forest is moving; there is certainly
maerchen (fairy) here"
But as they approached nearer the
old peasant woman peering out from
meath the dried wood, dropped her
load and stood before the boys, her
old careworn face all aglow, her eyes
filling with ears of loyal affection
and her lips muImuring endless
blessings on their fair young heads.
The boys, laughing at their childish
fears and funny mistake, begged
their attendants to be allowed to
empty their joint tiny purses into the
trembling palm of the poor wood
gatherer, and this done they galloped
off to the castle, having proved them
selves to be the genuine 'mferchen.'"
There are three dangers in your
path: The first is the drinking of
liquor, the second is speculation and
the third is "endorsing."
When / was telegraph operator
in Pittsburg l knew all the men who
speculated. They were not our citi-
zens of first repute; they were regard
ed with suspicion. L have lived to
see all of them ruin ed-bankrupt in
money and bankrupt in character.
There is scarcely an instance of a
man who has made a fortune by
speculation and kept it.
The man who grasps the morning
papers to see how his speculative
ventures are likely TO result units
himself for the calm consideration
and proper solution of business prob
lens with which he has to deal later
III the day, and saps the sources of
that persistent and concentrated
energy upon which depend the per-
manent success, and often the very
safeiy, of his main business. The
thorough man of business knows that
only by years OF patient, unremitting
attention to affairs can he earn his
rev ard, which is the result, not of
chance, but of well devised means
tor the attainment of ends.
Nothing is more essential to young
business men than untarnished credit
and nothing kills credit sooner than
the knowledge in any bank board
that a man engages in speculation
How can a man be credited whose re-
sources may be swept away in one
hour by panic among gamesters?
Resolve to be business men, but spec
ulators never.
The third danger is the perilous
habit Of endorsing notes. 1t appeals
to your generous instincts, and you
say, "How can refuse to lend my
name only to assist friend?" 1t i.
because there is so much that is tru,
and commendable in that view tina
the practice is dangerous. If you ow,
anything, all your capital and al
your effects are solemn trust in you
hands, to be held inviolate for the Sc
curity of those who have trusted you
When q man in debt endorses for an
other, it is not his own CT dit or hi
own capital that he risks, it is tn
money of his own creditors. There
fore, / say that if you are ever Gale
upon to endorse, never do it unles
you have cash means not required fC
your own debts, and never endorF