El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-01-12
Words of Wisdom
Andrew


of material which before his magic
touch was quite mediocre. He in
spires his subord!nates to almost super
( human effort"
"To summarize, 1 take it that the
qualities which should distinguish the
ideal captain OF industry are: First,
an intuitive knowledge of human
nature: second, genius for organ1za-
ton, and, third, the capacity of inspir-
iug his subordinstes?
| Eyes, when you have all these COM
bined you have an extraordinary char
acter. Such q man can work miracles
even if the material at this command
is n',I much above the average.
| "The great manager who will sue
coed in making millions is not spe-
| cialist, excepting SO far as it is his
| special function to understand the hu-
man machine. You may find men who
will become famous as specialists in
many branches of life, especially in
| will atone for the lack of many othe r
| qualities.
But in the business career there
| must, [ think, be an all-roundness to
secure success. The decisions a bust
| ness man Is called upon to make every
| day, sometimes every hour, are
momentous and involve many interests.
1
| wide range of subjects
You Go not share the belief that So
ciety is about to be delivered over to
the tender mercies of the man who has
made special study of one subject, and
| Ia ignorant of all Others"
mo, 1 do not. There must be divi-
zion of labor, of course. 1t is said it
takes min eteen men to make pin.
SIT is quite true that the mechanic
nd q Or ri mo
one thing to do, but when it comes to
directing the operations of 10000 or
10000 people, providing them with
| work, deciding all questions as to mar
kets, inventions, supply and demand, L
think that is too wide field to be con-
! trolled by the specialist.
"As 1 said before, the great manager
needs an all-round knowledge of affairs,
and especially of men,"
lie the most successful business one
in which one directs and many server"
BEST EDUCATION FOR A BUSINESS MAN
business is neither classic nor
scier tifc. The study of human nature,
I think, is the best education for any
business man.
"But whether a young man chooses
scientific or q classical education, If
he wishes to pursue business career,
he should not remain long at college
and university"
s'At what age should he go into bust
ness?"
"Well, all my brilliant partners
have begun haro, practical work in
their teens. l think a course at q
modern university from Dineteen to
twenty-four will not teach q young fell
low to be as successful business man
as if he had been cent into business in
q subordinate capacity.
"This is not disparaging university
education, for Limits the observation
to the business career"
'You would place men In responsible
positions in early life?"
eyes, earlier than is customary in
any part of the world. 1 believe firmly
in youth as executive agents. Older
heads should be reserved for counsel.
It is astonishing what q young man
can do if he is only trusted"
"But does not this encouragement of
the young cut the ground from under
the feet of the middle-aged? What
about the men who are too old at forty?"
"a man at 40 who is in search of
something to do has prima facie ca sc
against him. Long before he Is 40 be
should have shown himself to be indis
pensable and receive either a very
high larry or an interest in the busi-
ness.
"Of course, there are exceptional
cases where worthy man is suddenly
deprived of work at 40. His is sad
case, indeed.
II am satisfied that success in bust
ness is to be achieved by adhering to a
strict service system. There should
be no promotion of outsiders over the
heads of aspiring young men. The
employer who has not made the mate
rial around him fit for promotion will
-
of industry.
IF the employer is Indispensable to
the young man, the young man can
coon make himself Indispensable to his
employer
How long, Mr.. Carnegie, do you
think q man should remain in business?
At what age should he cease to accu
mulate millions?"
Every naturally, 1 think l retired
sixty. In professions, perhaps, they
can remain longer, but business re-
quires all the faculties to be alert aE
their highest development. Beside s,
as rule, business is SO exciting an
occupation that q business man at sixty
is probably as old as a man who has
followed a profession is at siXty-fve."
"And when your man of millions has
retired from active business in what
way do you think he can best spend
his time and euergy?"
"If be is wise man, he will imme-
diately try to interest himself in pu bile
duties. This, of course, EN- braces good
work in his immediate neiRhborhood.
When he places his accumulated ex-
perience and ability at the dispose of
his fellow men, he serves himself. -
William 7. Stead, jr.. in the Phila lei
phia Post.
Faust" Coming.