Telegram-herald., 1890-04-13
THE OBSERVER


L1o8 - kI4 44&e A. A1A~<1A N-<i6xpr
-ncy fsf sl1 sxs, 4 not = fortune.
Thsss 4rs questions propooHced every
d4y. They - darlealt to answer u
tsliigently, the circumstances undeF
wh-eh young msn eommencs life are
50 x4red. Bus We know that the
majority Of them have lever learned
the value Of tune, nor TIE Importance
Of self denial while Their earnings are
snail The young man who has a IN
come OF sl.00 a day thinks that he
mast keep up with TIE one who has al
income OF SO day, and the one Who
k4s a. income Of $40 a day has tie
reckless ambition 70 keep up with his
neignbor wh9 nas an income OF 800
day, ana the one Who nas sl0o With the
one who has 1900, etc.
Many nsa ofte2eE fail III the invest
ment OF what they esTa and receive
than Ia any other method OF acquiring
property.
The Inducements 20 invest IN quick
returns, the temptations to speculate
are SO great, and the desire 20 become
ninety out Of every hundred Of our
falsely ambitious young men become
wrecks at the very outset of social or
business hfe. IL has been the daily
observation, "a well as the sad expert
ence OF the writer with others, that, If
a young man Is earning = little more
than LIS daily expenses OF LIVING and
has no object ia view, or high am IN
life, the chances are that he will either
increase those expenses carelessly, or
loan his money 20 his confidential
friends, and IN 80 doing, n the ma
lority OF cases, be Will lose both
money and friends; SO that the
best thing he can DO for himself
and humanity at large, Is to have
pEFISrrg ORJEcr
IN view, TO gather his money, to have
call and place for It, which shall be
profitable 10 10 him in time 10 come.
The most OF our young men make no
investments, because, they say: 81
have got SO little money that it is not
worth while 10 invest IL. | will wait
TIL earn more" and in the waiting
lies the danger. The little they have,
generally goes Young men will never
have the dollar until they learn first
how 70 take care OF the first one hun
dredth part of 1t, the penny, then the
second and so on.
When YOU have secured the dollar,
place II IN the savings bank, where
your own spendthrift tempter, or your
friend. can not get hold of IL. This
victory gained over yourself will help
you TO save up the next nine dollars
e u u, 4.
you 10 save up the first dollar, and the
next hundred dollars, than II was the
first ten dollars, and then the thousand
dollars much quicker and with more
ease than the first hundred dollars, and
the next ten thousand than the first
thousand, and so on.
As soon as young man has earned
ten dollars, clear of legitimate living
expenses, he should invest it in proper
", piece of real estate, however small
according TO his means and daily in
come. Preferable would be that which
is paying rent to help him pay part of
the interest money.
Having made this investment, with
payments TO make, il will cause him to
think. 1t will prompt him to calculate
in financial way how to make his next
payment.
Now let us suppose that this invest
ment never increases in value, yes, even
! decreases. Has the young man lost or
gained? We say be is the gamer in
either case, because he has not had this
money 10 spend in things actually ruin
Gus to him. He has, while striving to
make his payments, gained strength in
the direction of thOughtfulness, manli-
ness, and business frugslity. He has
established good habits, which will
prompt him on his way onward and up
ward. and with honor for his compass
he will make respectable citizen if not
a wealthy citizen.
There is good property being sold
every kay under the hammer II must
be sold to somebody. and the young
man better watch his chances and buy
it under judicial sale, paying what he
can and give his notes for the balance
in small sums, coming due at frequent
intervals. according TO his ability to arm
and to meet.