The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-01-15
Nothing that Success and Happiness
So Much Depends on as n Good
Managing Wife.
GREAT WEALTH NOT WANTED
A COMPETENCE is ALL THAT ANY
BODY SHOULD STRIVE FOR.
No satisfaction In Immense Riches
Except the Pleasure of Being
Able to Help others.

NEW YORK, Jan. 14-The twenty-sixth
anniversary of the railroad branch of the
Young Mems Christian Association was
celebrated in this city tonight. Andrew
Carnegie was the principal speaker. Ed
ward V. ROssiter. first vice president of
the New York Central & Hudson River
Railroad and chairman of the board of
management of the railroad branch. pre-
sided The reports made by Chairman
ROssiter and Secretary Warburton showed
the work to be in a most prosperous condi-
tiOn. There are 10 local railroad branches
of the Young Mems Christian Association
in the United States and Canada, with
membership OF more than 1900 and an an
nual expenditure of more than 100000, of
which sum the railroad corporations con-
tribute about 30 per cent. The report gives
some space TO the relations between the
railroad companies and the association. and
says they are most friendly.
Mr.. Andrew Carnegie and DR. George
c. Lorrimer delivered addresses. Mr.
Carnegie referred 10 his experience in
the railroad service as a telegraph
operator and later as superintendent
OF the Pittsburg division OF the Pennsyl-
vania Railroad. In discussing wealth and
its uses he employed these expressions:
THE best of wealth is not what it does
for the owner, but what il enables him to
Go for others.
'And let me tell you there is nothing in
money beyond having a competence. moth
ing but the satisfaction of being able to
help others.
''It Is one of the most cheering facts of
orr days that under present conditions the
wages of labor tend TO rise and the price
OF the necessaries OF life TO fall.
There was never a naSOn so splendidly
situated as ours is at this moment in regard
10 labor. Every sober and capable and
willing man finds employment at wages
which, with thrift and good wife to man
age. will enable him to go far toward lay
ing up a competence for old age.
There is nothing that success and hap
piness Of a workingman so much depends
upon a good managing wife.
And here let one who has, almost with
out intention or desire, had himself loaded
with somewhat more than a competence
tell you soberly that what one has beyond
this brings little with it and sometimes
nothing desirable with II. What all of you
should strive for is a competence. without
which Junius has said no man can be
happy. No man should be happy without
u,
you to save a part of your earnings these
prosperous days and put it in savings
banks at interest. or better still. buy a
home with it.
1T took me some time to learn, but 1
did learn that the supremely great man
ayers, such as you have these days, never
do any work 10 speak OF themselves; their
point is to make others work while they
in
that work and 1 did the laughing. and l
recommend to your superintendents the
thought that there is very little success
where there is little laughter. The work
man who rejoices in his work and laughs
away its discOmforts is the man sure to
rise"
Mr.. Carnegie predicted that in the near
future railroad trains will run one hun
dred miles an hour. and on this point he
said: In the improvements made to-day
on the various lines 1 don't think many
managers are looking far enough ahead.
They are spending on some parts perhaps
s5OO.O0O where they ought to spend double,
and easing the curves which they should
abolish. and some future president is to
say they wasted a good deal OF money.
Nothing but a straight line viii be up to
date in 1880. before that
The SPEAKER commended the care some
railroads are giving their employees and
lauded the pension system and the read
ing and clubrooms which some roads are
establishing. He said these benefited
shareholders as well as workmen, and
added:
1T is a great delusion 10 say that cap
ital and labor are foes; they must be al
lied or neither succeeds"