The Somerset reporter., 1899-11-23

There is period in all our lives for
which we must prepare. We have from
the age of q until we are 30 to prepare
for the time between the age Of 30 and
10. II we have not accumulated or laid
by something for old age by the time
we are so the chances are we never will
1t used to be that the older men got the
positions because they had the expert
ence. Today things have changed Go
Into the cities or trade marts Of our
country and you will find the older men
of the firms have stepp back and the
younger men have control of the lines
Why? Because business is conducted
on different lines today. More business
is conducted in one day at the present
time where it took weeks to do the same
amount few years ago.
Our customs and conditions are
changing, and we marvel at our mil
lionaires and the fortunes they have
accumulated. But the millionaires Of
today are but pigmies as compared with
the financial giants OF the future. This
country today contains a population Of
eighty million people, but it is but IN IS
infancy. The day is coming when this
country is fully populated it will mutt.
Ply iioNiA " ACiA anu NC III nave Il pop
ulation of eight hundred million people
We have country capable of sustaining
such a population Today the emigration
to our shores come from across the
Atlantic, but when our country becomes
thoroughly populated the emigration
will be from our shores across the Pa
cific into Eastern Asia, China and Japan,
! and the trade and the wealth that will
eventually pour across the Pacific into
this country will be enormous be.
lieve that the emigration into this CO I'M
try and the Improvement on machinery,
and the natural increase in population
has tendency to lessen the price Of
labor, and | believe in a few years more
the man who earns salary Of $ to sic
per week will be considered fort
innate. Therefore if We ever expect t.
accumulate we must do so through in
vestments and we have not one day 10
spare.
on point out to me man who ever
accumulated a fortune from his own
labor and not by investments-and will
| point you out 80 out of 100 who
made failure-and who, if you were Il
ask them to relate the chances they had
| to make investments that today would
have made them independent and they
could relate them by the score, and the Y
are today walking monuments of lost
opportunities. They never made an in.
vestment, they never will and are
always discouraging others from max.
ing them. There are bad investments
There will always be poor Investment
| but all Investment are not such. You
show me one mining proposition, where
they had the property such as we have,
and that made a failure or was a poor
investment and | will show you 80 which
was successful and are paying handsome
dividends today. 1t is no longer a risk
in mining; with the improved mach
inery of the present day, with the aid OF
electricity ore that will run 81 90 pei
ton will yield and become a dividend
| payer.
But when ores assay from dollars II
5 hundred dollars gold per ton and Will
copper properties that assay from 10 I,
70 per cent pure copper, how can such
properties help but pay dividends
| People ask me "why l came east if
had such good investments" If you
had hundred bushels of wheat and
you wanted a barrel of -four and th,
mill was in California, how would yo1
get the flour? Why, you would have tc
send your wheat to the mill, if it were
in London. So we have the property
We need the money to develop it ano
l came to the mill to get the money.
Chicago is city that contains over 2
hundred thousand people. 1t is but p
years old (reckoning from the Chicago
fire of 1871 which almost destroyed it
1t is increasing its population 125 thou
sand and over yearly. 1t has increased
its population over million the pas
8 years. How many homes does it re
quire to shelter them and how mucl
money invested? Chicago's real estate
is worth hundreds of millions of dollars
But our money is invested in oul
realty.
A man who is thrifty enough to SAVE
his money is investing it in building
lots, or else by paying 500 cash and 81
monthly he is paying for a home, or els'
he is in debt for an organ, a piano
| building lot. a house and lot or some
thing else. Another reason is that tht
temptation in a large city 10 spend one'i
earnings are such that very few ever ac
cumulate and over 50 per cert never hayi
anything. Those who have money arr
building flat building, or buying acre.
near the city and sub dividing it int,
lots and re-selling them at enormous
| profits Why our office buildings il
Chicago, our elevated K. r., our stree
car lines, our railroads are owned anC
controlled by Eastern capital. So thu
surplus capital in large cities have
hundred places to place their invest
ments You hare not, | might call OF