The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1912-11-09

."Of course he succeeds faster than you doP the Business
Doctor was most emphatic "He wins out over your head because
he has learned the lesson Of patience. He has heard and needed
the original fable of the hare and the tortoise told by old AesoP
when the business world was young.
"The reason there is so much room at the top in the business
world is because there r 8 many people trying to get in on the
ground floor The reason there is SO many people who are broke
is because there r 10 many people who are trying to beat the
tget-rich-quick' schemes which are running in every city, town, ham
let and village in the country. This desire is innate in every man,
although in his innermost consciousness he knows that 1t works
about as often a a comet comes.
"There is a royal road to wealth and prosperity. Every man
who has made money will tell you that the plan of doing Il is so
simple that most people miss it 1t is simply a case OF piling one
dollar on top Of the other till the pile begins to increase OF itself
through its interest bearing qualities. Money begets money.
No man can keep from making more money as his savings pile in
creases, and if he has the patience to play a waiting game, and not
try to make all the money in the world in a year or two, he will win
in the end.
1.-THE risk involved in any investment is in direct proportion to
the returns. The very safest bonds on the market pay less than
five per cent on the purchase price, and the very highest returns
come from stocks, schemes and speculations where the chances OF
total loss O. the principal are greatest This is inevitable Money,
like m other article of commerce, is worth just as much, and when
any investment becomes safe and at the same time profitable, its
securities at once advance in price until the ratio of five per cent or
thereabouts is established.
asafe and sane should be the motto of every man who wants to
oct along. No man who makes his investments along this line can
fail to win in the long run. No man who sets aside a certain pro-
portion of his income a S a sinking fund and adds to it month by
month can fail to accumulate wealth in the end. Not of necessity
great wealth, but wealth great in proportion to his income. This
accumulation automatically increases. As we learn in holy writ
that a little leaven will leaven a whole loaf, SO also we learn from
savings banks, building associations and investment institutions OF
all sorts that a little savings account will inject into a mans whole
life an inclination to practice economy.
"Cut loose from the speculatons and take to Investments, and
although the road may be longer and at times the progress seem
very, very slow, yet in the ultimate results you will find yourself
mucb better off Horses have won races when the price against
them was quoted at 100 to 1, yet no man who attempts to make
money at racing was ever known to place a bet on one, for ZUo at
that price will lose before one will win.
"You seem surprised that this friend of yours on the same
salary that you r should pass you in the race for a competency,
and yet you are endeavoring to go forward in your finance by leaps
and bounds. This is not consistent with safety. 1t is not the
nroper method of accommodating money. The slow but sure
methods which caused Aesop's hare to laugh the tortoise to scorn
at the beginning of their race were the very methods which resulted
in his ultimate defeat Slow and sure is the winner in the long
race.
Interests beats speculation il the long run, so cut out specu-
lation and stick to investments"