Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1905-02-17
Mistellaneuals Reaaias.
HOW THEY STARTED.
Rich Mem Saved From Small was

week, especially when this munificent
salary is the whole means Of existence.
Even James ]. Hill could not. He was
working at an inn in a little hamlet up
in Canada, when he read In a stray
newspaper that there were splendid
chances for a young man out west"
His capital consisted of his coming
weeks wages. Borrowing $40 from a
friend, he started west. The $4,000
which he afterward returned represent
ed the rate of interest with which he
always repaid kindnesses.
When he reached st: Paul he lot
wages no larger while he was "roust :
about" on the wharf. When he soon af-
ter got to be shipping clerk he saved a
little money with which he set up bus
mess for himself.
Perhaps one of the secrets Of the
way in which the business prospered
was that back Of 1t was high hope
the hope Of having beautiful and win
some Mary Mahegan for his bride. At
any rate, out of the first earnings Of the
little business Mr.. Hill furnished the
money to send the girl to an eastern
boarding school and to equip the home
in which they afterward set up house,
keeping.
Carnegie Bought Stock
Mr.. Carnegie tells the story Of the
first money which came into his pos
session over and above the salary OF
$25 a month which he was earning as
a telegraph operator.
lone day Mr.. Scott (the superin-
tendent of his branch division), who
was one Of the kindest Of men and had
taken a great fancy to me, asked II /
had or could find $500 to invest. IAN
swered promptly:
"'Yes, sir, think can
"'Very well,' he said, get 1t. A man
has just died who owns ten shares In
the Adams Express company, which /
want you to buy. 1t will cost you $50
for each share
1.-The matter was laid before the
council Of three at home that night and
the oracle (his mother) spoke. 1t
must be done. We will mortgage our
home. will take the steamer for Ohio
tomorrow and see uncle and ask him
to arrange 1t. am sure he can or
course the visit was successful-when
did she ever fail?
1.-The money was procured; paid
over; ten shares of Adams Express
company stock were mine, but no one
knew that our little home was mort
gagged to give our boy start
Adams Express then paid monthly
dividends of one per cent, and the first
check arrived. The next day being
Sunday, we boys-myself and my ever
constant companions-took our usual
Sunday afternoon stroll in the coun-
try, and, sitting down in the woods,
showed them the check, saying, 'Eure-
ka, have found It,
Here was something new to all OF
us, for none of us had ever received
anything but from toll. A return from
capital was something strange and new.
Some of the boys who had met in
the grove to wonder at the $40 check
my indispensable and clever compan-
ions" he called them-were afterwards
his partners in his famous company.
AlIerton Worked for Farm.
To the hoy Samuel w. Allerton work.
ing as a farm hand the ownership Of
farm represented the sum total OF hu-
man delights. Next best in the line
of coveted possessions was the rental
of q farm with the horses and imple-
ments to run 1t. For these he boarded
as other boys will for guns and fishing
tackle. These savings were invested In
equipment and the rental Of one farm
after another until he was ready to
buy one outright.
1T was just 500 which I had gotten
together and with which I paid the
rental on my first farm. 1t kept grow
ing larger by being turned over and
over in farm property in spite OF the
fact that friends at first warned me l
WAS embarking on a foolish venture
That he would compel success was
the answer Allerton made to this. he
worked the land he had rented for five
wears. saved more money, bought
farm for his father, and invested In
more tools and horses for his own use.
He then rented more land, out OF which
he made $4,000 in three years. Tnls
was invested in his first stock farm In
Illinois.
When Gates Saved Money.
"I,aboring men Of the best class
should be able to save out Of the wages
they earn now," is a statement for
which men, unions, labor organizations
and even corporations have challenged
John w. Gates.
The fierce light which beats upon MS
career as a money spender Is the one
which is always turned upon this Ut
terance.
John w. Gates record as a specula-
tor, instilling 1t upon his sons NINA
to look lightly upon money and regard
It as dross; as poker player, In which
the 100000 won from Letter and the
s35 900 lost at Saratoga were mere
bagatelles; as a financier, buying MIL
lion dollar mills by telegraph, with ne
gotiations opened and concluded all
in the half hours stopover on a rail-
road trip, are incidents which make
tho story of his first savings pale into
insignificance.
Earlier records, however, tell OF the
DAYS when he travelled in Texas on a
hundred dollars a month. Here he was
inventing ways hitherto unheard ana
undreamed of for selling goods. All
the time out Of this salary he was saw