The Republican. [volume] (Oakland, Md.) 1877-current, 1890-04-26


! 5Al stand IN the egy iii your
lAE dQesUisni have 9iekai y me
ldfedit 0f each 0f'yju, at my bankers,
the sum of $4,000. This will supply
you with sufficient basis for en-
barking in business. With economy
in your personal expenses. and pru-
dent and judicious management, you
will succeed. Success to you!"
This was long speech for the old
merchant, yet after moments pause
he added:
II have one thing more to say.
This is all l propose to do for you.
| You have five times the capital |
started with, and with it you must
! sink or swim. You have my best
hopes and wishes, but need look for
40 further pecuniary aid"
! His nephsWs thanked him heartily
and at once took measures to 90 i1to
business. John Warren secured "A
moderate rent. and determined to do
business on cash basis, cOntenting
! himself with such stock as his own
capital would buy. He made his
purchases judiciously. and overlook,
ell every detail of his business per-
s0nally.
Stephen Grey had larger IDEAS. He
hired a shop at three times the rent.
pushed his credit to the utmost. and
made great show at the outset.
Both young men were engaged,
and both soon married. Here. again,
difference was manifested,
John Warren hired small. neat
cottage just out of London. and fur
nished it in cheap. inexpensive
lnanuer. One servant only was en-
1loyed, VINO together witE boy to
run errands, was found sufficient for
a small establishment. But Stephen
| Grey turned up his nose at the cot
tage, and hirei city house at four
times the rent, which, of course, re-
ouired more servants and larger
scale Of expenditure.
"I'm not going to live like pau
per-" he sald, loftily.
but can you afford such house,
stephen ?" asked his cousin.
q. my business profits will be much
larger than yours" he answered. II
begin where you will be five years
hence"
"Perhaps so," said John, shrewd.
ly, "but where will you be then ?"
"Don't fear for me-" said Stephen
confidently "i'm ashamed of you
for not showing more enterprise
You've immuIed yourself in an OBJ
scure shop. where you will do next
to no business"
II don't know about that. I'D rath-
or be slow and sure. TITS better tC
hug the shore than get wrecked ii
!, mid-ocean."
"Perhaps so. but I know Pm or
the way to fortune. Ten years from
now 1 shall have turned my fva
thousand pounds into hundred
while you NAV possibly have Gf
teen."
s II see that you are not to be con
vinced."
"Nor you, 1 suppose"
"No; my motto is. slow and sure.
Tf~'"And mine. nothing venture. moth
l ing have"
"Well. the future can alone decide
which of US is right"
So the two cousins separated.
am bound to confess. though m!
: own feeling is that John was right
that circumstances seemed 20 justif.
Stephen in his course. 1t so hau
pened that the particular classes {
goods of which he had bought :
largely. rose rapidly. owing to
state of things which needn't be ea
planned, and as his stock was large
his profits were also very large. II
deed, Notwithstanding his person,
expenses were three times as great t
his Cousins, his balance sheet show
/. ed, at the end of the year, a clet
) profit of 95.0O0. In other words,
} had doubled his capital, and was no
is worth 91O.000. John had profite'
L too. by the rise, but on account
g g the more limited extent Of his bus
IS ness, advanced to but $4,000. b
ar with this he WAS we'll pleased. al
counted himself fortunate.
"HOw about our different ina
ters?" said Stephen one day abo