Evening star., 1897-02-06
was made on much the same principle that

fsut are tnerS any nxe0 principles Dy
! which a man can make money. Mr. Sage?
| / asked.
1T depends great deal on the man, OF
course. was the reply. But there are
two things which any and every man must
| have who makes any permanent success in
this world In the first place. a man must
| De honest in spirit and in deed. and, in tho
second. he must be Industrious. l should
his money 50 that it will work for him.
Young Men in New York.
w hat do you think of New York as a
field for money making? Should country
boys come to the city,
The man who has it in him." replied
| Russell Sage. will succeed anywhere. You
can't keep the right country boy down and
TIE city boy with the right stuff in him is
Found to get UP. The chances in New York
are perhaps greater than in the country,
but the temptations are also greater. tell
You don't like what see about the clubs
here in New York You may go to them
any night and you will see young fellows
who have less thal thousand dollars a
year dressed in swallow-taile6 coats. They
are eating expensive dinners. They are
drinking d little ard playing cards little.
| Such are not my ideas of a successful
scheme CT life for young man. and those
are not the young men who succeed. 1t Is
the young fellows who spend their evenings
az nome and save their money who keep a
bright eye for the main chance and live so
that they will have brains healthy enough
TO see it when it comes.
Railroads and the Union Pacific.
You have been interested in many enter
rrises in your life. Mr.. Sage?''
Yes. have" was the rniflionaire's reply
Il early became interested III railroads. 1
Travelled ever some of the first built in this
country and saw there was going to be a
lot of money in them. / bought a lot of
N hn raj dc nd
for a lorg time president and vice pres-
dent of the Milwaukee and St. Paul. l had
also interests in roads further west and for
a long time have been connected with the
l ilioH Pacific"
What is going to be done with the Union
Pacific. Mr.. Sage?''
Il think the government ought to have
81 nlething to do with it," was the reply.
"A great deal of noise has been made about
il. but the Union Pacific has been of ener-
mous profit to the United States govern
nsent. Its profit has perhaps rot come di-
rccty; but Indirectly that road has built
up the great west. It has created hundreds
of millions of dollars worth of taxable
property and the great states OF the west
are due to it. 1t would not seem to me out
of the way that the government should
guarantee its bonds. If the United States
would guarantee it's bonds at per cent I
would he glad to take lot of them"
He Talks About the Times.
What do you think about the times. Mr..
Sage? Are they going to be better?"
IL think so. though we had a hard pull
during the last campaign. I have faith in
the sober sense of the American people, and
| believe with a moderate tariff We will
soon be prosperous.
Are you not afraid of the dissatisfaction
of the poor?''
NC. l don't believe the best clements of
the laboring classes are dissatisfied. More
than three-fifths of the laboring men of
this country realize that their success is de-
pendent upon the success of the capitalists
who are their employers. The other two
hfths are those who are trying to get along
without work, and who don't want to
work"
What are the causes of the hard tirnes?'
L believe they are largely due to over
production. not only here. but all over the
world. We have been making more goods
than We could sell. We have expensive es-
tablishments. and we have kept them up
Notwithstanding the sales have stopped
Then We took off the tariff and let for
eigners ship in cheap goods to compete
with US, and the result is as you see it,
why. things were never 50 cheap as they
are now in the United States Look at this
coat which 1 have on
looked and felt the sack coat of the
ihliilonalre Ii was very respectabie-look-
ing garment. made of fairly good dark gray
woolen cloth. As L felt it Mr. Sage went
on:
Well. how much do you think that coat
of suit that was selling for $50. and I
bought 1t just to show these fellows here
now cheap things are. You know there are
Things In the papers now and then about
my wearing sil suits and buying my clothes
ready made Those stories are not true.
nave always had my clothes made to
order, and L don't think 1 ever wore a
ready-made suit in my life I merely nut
TINS on to illustrate the position / hold on
this subject"
Ihe biSsesf Money Lender on Inter-
est Rates.
Russell Sage is perhaps the ,,ippest
money lender in the United States. He has
millions out at interest. and he is one of
the Few men who seem to always have a
million to lend-to the right party. AS 7
looked at him l thought of this, and asked:
How is money in New York lust nowo
are not interest rates very low?''
-hr. sage replied: No. they are not low
To-Day. but they are in general lower than
they have been for years This is so MT
only mere but all over the world II seems
10 me that this shows that men have more
ialtn IN each other than ever before re-
spectacle man can easily get trusted now
nut AT the same time man whose reputa-
tlon Is not good is more carefully watched
Than ever. Those fellows in the west hay
lost great deal by their evident desire to
repudiate their debts. The silver move
ment has been a bad thing for the west
Do you think 1 would lend any money to a
western town for water works or nuhIic
improvements knowing how they stand
upon such matters? l think they will find
1t more difficult to borrow money here than
they did in the past"
Why Russell Sage Got Out of Com
"fou were quite young when you were
in Congress, Mr.. Sage. You might have
made great success there. Why did you
leave politics."
Il did not think politics would pay" re-
piled Mr.. Sage. Il was only four years in
Congress. 1 was there during the long can
vass for the speakership. in which after
FIVE weeks of balloting we elected n p.
Banks. L was one of Mr.. Banks chief
supporters, and after he was elected he
came to me and told me that could have
any craftsmanship In the House except that
or the ways and means. which. according
TO custom. had to be given to the leader of
the defeated element of the party, ard con-
sequenly went 10 John Sherman replied
that l wanted nothing, and that 1 did not
intend to stay in Congress / told Sneaker
Banks that my life was to be a business
one. and added: Now l wan. to learn all
can curing my stay in Congress about
the government that will be of benefit m
me IN nv business. The ways and means
committee has more to do with managing
the government of the United States t:,an
anything else, and position upon it will
teaeh me much. l don't care for any ~
the chairmanships> but if at the close cf