Daily inter mountain., 1900-12-07

/ concrete and controlling factor Of in t
sence of thrift in the one, and it's pres
ence in the other. When millions of men
each save little of their daily earnings.
these petty sums combined make an
enormous amount. which is called capt.
! tai, about which much is written. If
/ men consumed each day each week
all they earned. as does the savage. OF
course there could be no capital; that is,
10 savings lad up for future use. Now.
| let us see what capital does in the world.
4 We Will consider what the shpbulders
\ do when they have to build great ships.
/ These enterprising companies offer to
I build an ocean greyhound for. let us say.
f5o0,00o, to be paid only when the ship
/ is delivered after satisfactory trial trips.
Where ana how do the shipbui,ders set
this sum Of money to pay the workmen,
the wood merchant, the steel manufac-
/ turer. and all the people Who furnish
material for the building Of that shipr
7 They get it from the savings cf civilized
men. 1t is part of the money saved for
investment by the millions of indus trious
4 people. Each man by thrift saves q
little. puts the money in a bank, and
the banks lend it to the shipbuilder. Who
pays interest for the use. of It. 1t is the
! same with the building of manufac-
! tory. a railroad, canal, or anythinS
! costly: We could not have anything more
! than the savage had except for thrift.
Hence thrift is mainly at the bottom of
| all Improvement Without it. no rail-
| roads, no canals, no ships, no telegraphs,
no churches, no universities, no schools,
no newspapers, nothing great or costly
could We have. Man must exercise thrift
and save before he can produce anything
material of great value. There was moth
ing built, no great progress made, as
long as man remained a thrftless say
age. The civilized man has no clearer
duty than from early life to keep stead
lily in view the necessity for providing s
for the future of himself and of those
dependent upon him. There are few
rules more salutary than that which has
been followed by most wise and good
men, namely, that expenses should a.
ways be less than income.'' In other
words, one should be a civilized man,
saving something, and not savage,
consuming every day all that which he
has earned.
Mr.. Carnegie draws a very sharp line
between boarding and thrift, and the
benefits of the latter habit to the indi-
set in a stronger light than in the fol-
lowing:
l No proud, seif-respecting person can
Y ever be happy, or even satisfied, whc
has to be dependent upon others for his
necessary wants. He who is dependent
[ has not reached the full measure o.
manhood, and can hardly be countet
among the worthy citizens of the repub
lie. The safety and progress of our coun
f try depend not upon the highly educa tee
o men, or the few millionaires. or upon tht
mass of sober, intelligent, industrious
! and saving workers, who are neithe
e very rich nor very poor. As rule, yol
, will find that the saving man is TEN
perate man, a good husband and father
= a peaceful, abiding citizen. No
1t need the savings be great. 1t is sur
=, prsing how little it takes to provide 70
the real necessaries of life. A little hom
: paid for and few hundred pounds
V very few-make all the difference. Thes
are more easily acquired by frugal peo
pie than you might suppose. Grea
'e wealth is quite another and far les
desirable matter. 1t is not the aim
thrift, or the duty of men, to acqu!r
ot millions. 1t is in no respect virtue
s. set this before us as an end. Duty t
:. save enuS Wnen JUST enough money Id
- been put aside to provide comfortable
l. for those dependent upon US. Hoardin
te millions is avarce, not thrift. OF cours
under our industrial conditions it is r
evitable that few, very few. men wi
find money coming to them far beyon
their wants. "a.
Thee has been a tendency of 1lat
: years to put the saving habit above a
else as the means of acumulating gres
:, fortune. AS a matter of fact, saving ca
- only give the true financer a start.
), leads to independence and happiness, b.
:. millions are not brought together in thu
=. way.
= On this score, and in conclusion, N
Carnegie says:
: The accumulation of millions is usl
ally the result of enterprise and jud
re- ment, and some exceptional ability
b. organization. 1t does not come fro