Milford chronicle., 1903-03-13
READ THIS, Mr.. scHwAB.
Some Advice to the President of the
steel Combine.

steel LOmnlne.
Our enterprising fellow countryman.
AR Charles NJ. Schwab, has had his sol.
are raised. lie has gone to work for the
limited States Steel corporation in the ca.
pacity of president and will receive ahou.
S15.3SG.54 every Saturday night, provd-
ed. of course, that his employers pay their
holm weekly. Mr.. Schwab is but 80 years
old. and Commerce, Accounts and
Finance. with its customary interest in
ambitious young men, takes this Opportu-
nitv to offer him a few words of advice
In the first place, Mr.. Schwab should
realize that he has now a good steady job
at fair wages and must do his best to
keen it. He should avoid being late at
the works in the morning and should
never run the risk of being docked. To
be docked n days pay would mean a loss
of over S2.5O0. and that would go a good
way toward paying the grocery bill. He
should not take more than an hours noon
ing and should be respectful to the direct
ors when they speak to him. If he feels
that his salary is low for the amount Of
work done. he should remember it is Gus
fomary to begin rather low and work up,
ard when he knows more about the bust
ness he can ask for a ''raise." Besides,
salary isn't the only thing.
Be economical. Mr.. Schwab. So many
young men nowadays live beyond their
means. Don't pay too much house rent.
The rule which says that mans rent
should never exceed One-fourth of his sal
ary is a good one. You should be able to
hire nice, comfortable house for $780,
600 a year and the water rate. Perhaps
you can do even better than this in your
town, where rents are in all probability
low. The building and loan associations
are helps to young men who wish to own
their houses. Don't build too expensive
a house. however.
Live well, but not luXuriOusly. Have
plenty of plain, wholesome food, and not
many expensive puddings and desserts.
A soup or stew followed by 4 baked In
dian pudding or a cornmeGl nush makes
a good dinner. Don't have too much COM
pany. and use lamps instead of gas for
lighting purposes. Pay your bills every
week, and don't buy goods on the install
mcnt plan. 1t would not look well in cast
the directors of the steel company were
calling at your house to have the furni-
ture people come and carry off the plush
parlor set for nonpayment.
Your new position will naturally call
for increased social Obligations and you
should meet them cheeifully. Mrs.
Schwab should keep a servant. For a
few hundred dollars a week one Of the
Pittsburg girls would doubtless be willing
to come in and do the homework. Buy a
good black suit for best, and see that
Mrs. Schwab has Mt least one calling
dress and a Sunday gown and bonnet.
But, above all, save money. Mr.. Rus
sell Sage recently said that every young
man should save a quarter of each dollar
he earned If you did this. you would
have at the end of the year 100000 put
by for a rainy day. In n few years you
would thus be able to stand quite a spell
of wet weather.
So. Mr.. Schwab. Commerce, Accounts
and Finance bids you go on and prosper.
We have great hopes of you. and believe
that with economy you will have no trOu-
bic in keeping out Of the pOorhOuse. Do
not let anything we may have said leade
you to believe that we consider your sal
ary meager one. You are getting good
wages. In fact. we know editors, great
leaders Of thought. who get no more for
their services than you do for yours
Commerce. Accounts and Finance.