The Pacific commercial advertiser., 1903-12-12

quently finds. in addition TO these gen.
eral classes of investment, special op-
portunities by which he can with a lit
tie labor and money combined reap a
very nice profit. One takes a cores
pondence course or course in the Y.
M. C. A. and increases his earning
capacity. Another conducts a little
business of his own on the side. An
other has an eye to bargains of various
kinds The truth, that he, that seek
eth, finds, is ass true of money as of
anything else.
Borrowing money is a device by
which the shrewd man extends his en-
terprises and increases his profits. 1t
is a dangerous expedient, and the vast
number who have come to grief
through it may well make the most
ambitious hesitate. Yet the young man
who would get On in the world will find
occasions where the mourning of debt
is both sound and proper.
He who begins saving today, is to-
labor of others. 1t has often and truly
been said that it is hardest of all to get
the first thousand. The increase Of
money is in a geometrical ratio. To the
capitalist the door of opportunity is
opened wide. He can take an occa-
sional risk and secure a proportionate
profit. He can afford the time and ex-
pense TO search out safe and yet pro-
fitable investments. It behooves each
of us, therefore, while avoiding impa-
tient haste, to begin at once and make
the most of every opportunity.
The sum of the whole matter of in
vestment is intelligence, to know every
factor of the problem you are consider
Ing and to give each it's due weight. To
this end it is necessary that you keep
such record of your receipts and dis
bursements as will show at a glance
precisely where you stand and what
progress you are making. Withal cul-
tivate a judicial state of mind in con-
sidering all financial questions.
And now in conclusion consider for
a moment how much may depend in
later years upon the wisdom and self
control you are exercising now in these
matters. Each Of you can easily call
to mind at this minute some friend or
acquaintance whose financial UNDER
takings have ended in disaster; who
failed to realize the seriousness of life;
who spent his money recklessly; who,
under the spur of mere impulse, plung-
ed into responsibilities and expendi-
lures beyond his mean and who now
is grinding out his very soul beneath
a heavy burden from which there ap-
pears no honorable means of escape.
The lot of such a man is hard indeed.
Says Hon. Judson Harmon, Ex-Attor-
ney- of the United States: want soon
destroys the innocence of children, the
chastity of women, the honesty, 10y
atty and self-respect of men,
Upon the other hand consider the
man who has planned his life well;
who, in accommodating a competence has
as well built up self-respect and manly
independence of character; who is an
ample provider for his family, cher
ished friend, an honored and useful
citizen. Such a man finds life an in
creasing satisfaction.
Let me urge you then, gentlemen. to
consider seriously the financial side of
life's problem, to grasp clearly and at
the outset the far-reaching significance
of each act of labor and expenditure.
and to cultivate that spirit of sound
judgment and practical wisdom of
which the wise man of old has said:
Length of days is in her right hand
and in her left hand riches and honor"