The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1906-09-13
THE PLEA OF WEALTH
Russell Sage Celebrated as Most
MfserIy of MfIIfonafre.-

Russell sage Celebrated as Most
Misery of MfIIfonafres-
The writer Of this article has often
thought that Russell Sage was enti-
tied to be -let alone" that inasmueh
as he was not accused of ~swindiing
operations. but only OF thrift and par
simony, he should be allowed 10 pur-
sue his way without comment sayz
the Cincinnati Inquirer. He has. how
ever. presented such an interesting
type OF the financier that he has be-
come an irresistibly interesting sub
ject OF He is an inspiration
for philosophy and a legitimate text
world The generality OF mankind is
poor. or in very moderate circun-
stances Ii is arrayed In its hearts
against the rich. IL never gets rid OF
the idea that there is a grossly un-
equal and unjust distribution OF the
good things OF Ia world At the sams
time there Is q common recognition Of
the necessity Of the concentration Of
wealth for the purposes OF great en-
terprises, but there Is caustc criticism
OF the rich men who spend money law
ishly on their own private establish
ments and who give enormously costly
entertainments. There is eve les
consideration for the close and thrifty
man who has won many millions n
enjoyed only few of the comforts and
none Of the Injuries Of existence. n
whose pockets have been locked
against b~enefaction-
Mr.. Sage Is the o celebrated
CLOSE" man in the whole long list OF
American m~illionsires- IL is interest
ing to read and study his statement OF
his own cas- He confeSses that no
has lived thriftily, and wants to know
why he is blamed for not living ex-
travagantly- Here Is a statement 10
Gently quoted as coming from him:
MY money is In circulation just a.
truly as IL | whirled about In automo-
biles and maintained costly establish
The man who puts money in .
bank ~circulates IL for the bene-
ut OF the community just as surely AZ
the man who puts ii into a racing sta
BILE. a yacht or a hunting lodge. IL you
doubt me ask the savings bank people
they do with the deposits. e
sonal expenditure is a matter OF task.
but Investment in any form circulstes
money. which is the chief duty OF he
man who accumnlates IL Judge me By
this standard, and. il you know my
life. O will End that all / have done
been to resist extravagance-the
new methods of circulating money by
stimulating unnecessary and often In
habits"
The standard which Mr.. Sage sets
I'D as that by which he desires TO be
Judged will not be accepted as the true
,ne. He never put a cent at interest In
savings bank or elsewhere that IL
not for the sole purpose OF fur.
her enriching himself. The whole life
II the man stamps that characteristics
IN him. Savings banks are good inst-
but they do no present a Geld
or getting money into circulation that
man of the wealth of Sage could do
he most good in. Mr.. Sage is not a
Iweet example OF the simple life He
really earned the wealth he Is
like a miser In his extreme
Ige. He never produced anything. He
as been a money lender and a specu
ator In stocks and bonds, the same a.
Their men who have accumulated for
ines in the great financial center OF
he new world. His methods have not
cen a whit better than those which
rdlnarily prevail in Wall street. He
as won by his knowledge Of whes
nd how to buy and sell-a knowledge
rhsch those he was dealing with did
OF have. He has not been going
bout telling the lambs how to taks
sro NJ themselves.