The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01
PEAVY & co.
The Elevator King and HIS News
boys banquet.
Three cheers for Marion Dickson"
'Hip-hip-hurrah!

Three. cheers for Marion Dickson"
Hip-hip-hurrah!'
"a tigar!'
1t Mr.. Peavy who made the SUGGESTION
and GO young threats answered it in q way
that made the table cloths rattle about the
emaciated legs of the lunch tables in the
Guaranty Loan restaurant. 1t was the dinner
OF PeaVy Co., given by Peavey to the
company There were rs of the company,
put only Is were present, the others sending
letters of regret, which MIR. PeaYy read to
the assembled company.
Two years ago Mr. Peavey made a propo-
sltion to the newsboys of Minneapolis that
II they would deposit money In the North
western bank, he would double it at the end
OF the year This year, well pleased with the
men TO a dinner, in order that he might
meet them. and talk with them about their
future There was sumptuous banquet
served TO piano music, and after SO hungry
mouths had been fed the host arose at the
head Of the table, ard te-au the prose dings
He reported that he had rs partners, many
to see present, Marion Dickson the first boy
to make deposit, and also Robby Ray the
second to take advantage of his proposition.
Three cheers were given for these young
men, with right good will.
George e. Fox had succeeded in piling up
the largest bank account, with George Cox
second and Moses Engel third. Mr.. Peavy
asked for three cheers for these three but
asked the boys to hustle and see to it that
they did not have that credit in the year to
come.
81 didn't invite you boys here because I
thought you needed a dinner" said Mr.
Peavy, after dinner was concluded. 81 Just
wanted to see you after these two years have
passed. You have improved in the past two
years. l noticed you eating, and the way you
handle yourselves leads me to believe that
you are becoming independent In order to be
Independent you must be money ahead 1t
Is harder to save a dollar than cent but
one makes the other. In order to be indie
pendent it is not necessary that you possess
a million, or even a hundred thousand. A
thousand dollars to the best of your account
Will make you, or anybody else, an indie
pendent man. Remember that you are the
boys who are going to fill the places of men
like me in the future of Minneapolis You
must lay your plans accordingly.
1T has been said of me that 1 once sold
newspapers Well did but not exactly as
you do: I lived on a little island on the
coast of Marie, and the steamer stopped there
every day. Out of school hours I used to take
papers and other things down to the boat and
offer them for sale. did so well that I
finally had the idea of going into business in
a wholesale way. So I looked about me to
find a boy. l thought that If | could hire
two or three boys they could work for me
and l would give them half they made. So
picked out boy to begin on. and bought a
barrel of apples, but made the mistake of
getting too young boy. He was a big fell
low, but too young. So I fitted him out with
a basket with some apples and lozenges and
things and sent him off down to the boat.
Then | went up to the house and waited, and
thought how nice it was to be business
man.
We'll, l waited, and that boy didn't come.
I began to be anxious, and l fdgeted a good
deal. 1 had given him. not only his stock
but some money to make change with, and
l felt very nervous. After while 1 saw him
coming over the hill and | ran down to meet
him. Re didn't have any apples or lozenges
left, and not even a basket.
We'll what's the matter? I asked
Well replied he, When l went down
there l was afraid at first, for I hadn't ever
done thet before so I went behind wood
nile to eat an apple, and the other boys came
there and licked me. and took everything
away.
THAT settled my first venture said NJ
Peavy. "And I waited until I was older be
fore l hranched out again.
Mr.. Peavy outlined his new idea to the
company, telling them that their accounts
so large now that he would only pay
them interest, but that he would give them
per cent, which was more than double the
saving bank rate. At the express invitation
of Mr. Peavy the boys sang several popular
songs after which Mr.. Folds invited them
all to come w and have their books bal
anced at the bank, and, after three rousing
cheers for their host the banquet was over.