The Washington herald., 1910-03-06

lproperty-they are like mortgages on
farms and on houses and lots"
simple Views Of Life.
What is your philosophy of life?"
'Oh, I am plain man without political
or social aspirations, and my view of life
/ is pretty simple believe that the high
est reward Of human existence is an
untroubled conscience. My words may
seem trite. but the doctrine have stated
is vital TO happiness. Power and pelf
piled mountain high cannot repay any
one for the loss OF mental tranquility
or for the long and deadly shock that
follows moral delinquency. II a mans
income is larger than his expenses-be
he rich or poor-if his mind is not dis
turbed by wrongs he has committed, if
he is helping others when he can, and If
he is doing everything possible for the
welfare OF his family. he is living to the
best and highest advantage that is at
! tainable"
Are the American people extrava-
gant?"
Extravaganza is one of the economic
sins of the present generation. was
taught thrift IN my youth-to save a
part of my salary whether my pay was
much or little. / put money away on
SIS a month as a bank messenger. But
I had no bad or expensive habits. Smok-
ing was postponed until after my mar
riage. If a young man falls to practice
| economy. he is doomed TO poverty all
his life Certainly. he will never ac-
cumulate capitol with which TO engage
in business. When one OF our clerks is
dunned and refuses to pay his bills we
let him goa rule, I think, that is now
followed in all business houses. If he
complains that his salary Is inadequate
to meet his expenses, he is told that he
is out of his class. and should hasten
to try some other employment Men
are buying automobiles who would not
have dared to keep a carriage and
span of horses; and yet an automobile is
far more expensive"
Must Have Good Associates.
ASIDE from honesty, sobriety. and in
dustry. what personal qualities are es-
sentiaI for SUGGEST"
Economy I have already mentioned.
Mr.. Mitchell replied. Next in Impor-
lance is aequaintanceship-no that which
is perfunctory. but that which Is kindly.
steady. and genuine. Man alone can do
but little, but the association of men
makes nearly all things possible
What have you to say about the
future in connection with business2"
Until recently we never had so many
sound and promising conditions for pros
perity in commerce and Industry Not a
bad sign could be seen in any direction.
But now detect a feeling OF anxiety.
President Taft. it appears to me. be-
lieyes that he must 90 something TO in.
crease his popularity and the strength of
his administration before the country.
Changes in the laws that business men
think to be necessary are delayed tenn
porsrily, or until the United States Su-
preme Court passes on the tobacco and
oil cases.
The American Tobacco Company is
not holding corporation. It bought the
physical property OF smaller concerns
and owns them. as a man would buy
farm or stock of merchandise. There
was no complaint concerning the prices
Of It's products. but the charge was made
by the government that the corporation
Is monopoly, that II does large part
Of the tobacco business OF the country.
Consequently. the case goes TO court
that our judges may run line and say.
Business up TO a certain point or per-
centage is not monopoly; beyond that
point or percentage it Is monopoly. and.