Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1916-03-17
MORE STORIES OF THRIFT.

had 1925 in his pocket Now he
owns 100 acres of the best land in
O'brien and Sac counties.
pete" couldn't speak a word Of
English when he came to Delaware
county, a green, friendless boy from
Gated in an agricultural college,
where he studied scientific dairyinS.
He worked three months as a hired
man on a farm and was swindled out
Of his meager pay, but he kept right
on smiling and fighting.
Soon he began to get into the COM
mission business, buying eggs and
butter for a New York company. He
saved, but didn't scrimp. The banks
began to know him we'll and favor
ably.
Land values grew as Mr.. Swenson
became yearly greater authority in
scientific butter-making and in the
commission business.
He doesn't claim to be smarter
than other people because he has
made a hundred thousand dollars or
so more than the average person
makes in lifetime, but he says he
has simply used horse sense in work
ing and saving and looking out for
opportunities.
Mrs. William Murphy is what is
commonly known as a grass
widow Her husband left her and
their little child-a daughter-many
years ago and has never been heard
from since.
But Mrs. Murphy did not let any
grass grow under her feet if she
was a grass widow. She soon made
UP her mind that she was real
widow, and as there was no ''Philip'
to help her as there was to help
"Enoch Arden's' wife in Tennyson's
poem, she went to work as a laun-
dress and seamstress to support
herself and her little girl.
Luckily she was a strong woman
was thrifty, too, saving a part of
every dollar she earned. Before WIN
ter came she was always able to
fill up her coal bin and lay in a good
stock of vegetables, saving a consid-
cradle amount by buying early and
III quantities. Her savings in the
hO,, a
deposits and the gradually increas
ing compound interest credits
Whenever she had enough saved
for permanent investment she
consulted an officer Of the bank and
took his advice as to a safe use of
the money. She was able to give
her daughter a good education and
the young woman now has a good
teaching position and is able to help
her mother in keeping up their COM
Portable home. There is regret for
the husband and father who never
appears, but real thrift has kept want
away and restored what might have
been a ruined home
banker long an officer of the
Oldest bank in Minnesota, in telling
how four young men developed a
successful business, said:
Their first visit to the bank really
established their credit. In that
first visit they left their bank books
for collection of the amounts due to
each of them at their savings bank
in the city from which they came.
These savings-bark books repre-
sented their cash capital, but to me
they represented much more than
that. Their deposits and almost EN-
tire absence Of Withdrawals indicted
an established habit Of saving on
their part and also on the part Of
their families for they were all
married) for the purpose of carry
ing out this project which they had
planned a long time ahead
with such determination for work
and Willingness to deny themselves in
order to save something each month
out OF their earnings, it was hardly
possible for these young men not to
succeed.
"They had been highly successful
because they acquired saving habits
in life and thereby accumulated their
capital before entering business for
themselves, while so many are not
willing now to practise any self-de
NAL, but somehow always expect to
begin saving at some future time,
with the result that they never ac-
quire the habit or the capital.
"a banker necessarily takes these
various things into consideration
when asked to grant a line of credit.
They mean much to him from the
standpoint of the moral risk"
Could there possibly be any clear