The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-09-03
STOP he LEAKS.

We would live to little purpose if we
failed to profit by experience. The
present ordeal is anything but bed of
roses or a sojourn in fairy land, yet
there are valuable lessons which it may
be well to heed. First, We may set it
down that the speculative period is over
for the prese t. These times of inflated
values come round about so often,
and, like most other conditions in econ
omic affairs, are the result Of given
causes. Chief among these is the crop
/ Of suckers which seem to be bred and
trained for the sole and only purpose of
being caught. 1t is impossible to make
sale Of stock, dirt or wind without a
purchaser, and without the sucker and the
dupe the speculative market is airy as the
east wind. Late experience has cut the
eye teeth of this ambitious and over-con-
filling class, hence the certainty of what
viii be quoted as dull markets for some
time to come. In fact these so-called
markets and gambling in futures must,
and will, give way to legitimate bust
ness, and the sooner the professional
Spectator adjusts his talents and directs
his efforts to something tangible the
sooner will he acquire the means for
self-support. 1t will be no easy task to
learn the secrets of earning a livelihood
by the primitive method of giving value
received, but since it must be done there
is no time to lose. Standing face to face
with what DR.. Holmes would call ''the
hard limitations of real life," he must
take up his lead and proceed TO earn
what he gets.
The first lesson in the primary depart
ment will be to unlearn what he has
learned in the art of money getting, He
will forswear forever all purely specu-
lative deals, involving his own credit or
other peoples money. He will shun
mortgage or promise to pay as the
deadly upas to all hopes and aspirations
for permanent success. He will see that
his needs and expenditures conform to
his income, even at the cost Of the most
rigid economy. He will pay as he goes
and take his frugal meal, and wear his
homeapun, if need be, for the sake
of independence. Yes, he will do
these things or, what is worse,
feed upon the bounty of his friends and
wind up his career in an almshouse. All
honor to the man who has that reserve
Of self respect and manly courage to
tackle the real problems of life, and
carry bis dinner pail or put his hand to
the plow for the support of dependent
ones. He is at once the enviable citi-
zen and the best type of American man
hood. He has the courage to put away
those cheap limitations which pass for
responsibility in the. eyes Of the die
tante and the ape of wealth and royalty.
Like the sturdy village blacksmith he
Looks the whole world in the face for
he owes not any man."
There is a vast difference between
what we need and what
we want. It is not the
necessities, but the iuxuries and needless
expenses that deplete the family ex
chequer. 1t is far better to come down |
to actual necessities than to indulge in |
luxuries represented by outstanding bills. |
The man of limited meacs must accu-
mulate surplus or remain Oh the daily |
treadmill of bare subsistence If the |
lessons of the past are turned to good |
account they will prove but blessings in |
disguise and we Will be the gamers.
"Sweet are the uses of adversity, |
which, like a toad, ugly and venomous,
hath yet priceless jewel in his head"