The Birmingham age-herald., 1910-12-16
|B|G SALARY WILL
 HANDICAP YOUNG Chicago Millionaire Airs Some
 Novel Views TELLS HOW HE STARTED Says If He Had Begun on High Salary He Would Not Have Had the
 Ambition to Climb
 Higher
TELLS HOW HE STARTED

Chicago, December 15.-(Special.) )-The Daily News says:
 man with a wage of S12 a week has better chance to make fortune than one who earns a s1Oo salary.
 By this paradox Max L. Teich. who, with Carl c. Roessler has purchased a $1, GOO interest in the Congress hotel. explains the rise of Roessler and himself from penniless German immigrants IS of the ranks of Chicago hostelry mag mates. What to many persons can be ex- plained only by a miracle-working smile of whimsical fortune Is to him only an evidence of the wonders which common place frugality. aided by business sa- gacity, performs in the commercial world.
 Many high-salaried workers who sat in cushioned chairs during the Worlds Co., lumbian exposition in Chicago are sal aried workers still. Teich and Roessler who arrived In this city in 1892, penniless immigrants, with only a smattering knowledge of the English language and with still less perception of American business methods, have worked their way up from s5 and s9 a week hotel positions respectively to the rank of millionaires.
 If we had been making s25 a week when we first came here,'' said MT. Teich in his private office at the Kaiser holf. of which he is part owner, today, T think we would have been handi- capped. A large salary Is likely to make an employe satisfied with his lot. He indulges in extravagances which eat up his income because he knows he has earnings enough to live comfortably The man who works for a wage near the star vation limit soon learns the lesson of saving and developing his initiative. Am bition is beaten into him. He dreams of making a fortune while the other plans a lobster supper
 Clad in an immaculate business suit and seated at his desk, MT. Teich spoke these words to reporter for The Daily News in intervals between directing the work of his office force and receiving congratulations from callers and over the telephone. Despite the fact that his in- come runs into the tens of thousands annually MT. Teich was at his desk at s o'clock this morning to supervise the routine work of the office and to arrange his affairs for the removal of headquar- ters to the Congress, of which he and Roessler have been elected supervisors.
 T often think it is positive blessing for many men that they are born poor and must start at the bottom of the lad der,' he continued. "On the lowest rung man looks up and determines to climb, while if he is placed halfway up he says to himself: Well. my lot isn't so bad. If there are a few men higher than I there are thousands lower
 "Of course I don't suean to say the high-salaried workers always stay where they are. Many of them are ambitious and make their way up, but when they do the newspapers consider it enough of an exception to jokingly remark that they rose in spite of being born with a silver spoon in their mouths. It isn't so much of a joke, however. as the writers would have us believe. Another thing which I believe aids the | immigrant especially Is his ability to stick at a job. One of the great Amer ican characteristics Is restlessness. Many men can't remain in one place long. They shift about whenever they have chance. Now that Is a mistake. believe a work CT should stick. Let him serve the pub lie and his employer well and if the lat ter doesn't promote him somebody whom he has made his friend will"
 Teich and Roessler, who are 37 and SS years old respectively, in addition to the Kaiserhof hotel and the Congress build ings, own their homes, the leasehold of the Traders building, 251-263 LaSalle street, and the leasehold of the property at 39s-404 South State street.