The Birmingham age-herald., 1919-03-11

potency or a home is very valuable | possession. The exercise of economy IS | also an essential to the making of be- l ginning in business. for it furnishes the 1 capital with which to begin. It also ire ! qIently provides a reserve fund with which to make a new beginning, in the event of disaster in business.
 | The general standard of living is one ot l the obstacles in the way of saving money. | However, the fact that the expenditures l of a persons neighbor are on q certain scale does not in any way prove that he 1 can live in the same way. The neighbof
 may have larger earning capacity, or 1 he may be spending more than he is able i to spend. It is grave mistake to adopt
 a standard of living that is beyond one ] means, because it is difficult to lower | the standard
 l A common mistake in the present day is | for family to live in neighborhood
 or occupy a home, or keep an automobile at a cost tiat is beyond it's means And | there is a rather hard saying to the ef-
 feet that fools build houses and wise men live in them. The danger in this
 connection lies in the fact that few peo- 1 ple are willing to move out of house, or to give up an automobile, or other eXpen-
 diture, which their friends know they had formerly ndulged in.
 1 The writer once knew promising and l ambi ious young man who entered a l certain circlN of society, with view to being in t'uch with a wealthy class of people, who he believed would help him ! in business The result was that his cost
 of living was far beyond his income, and | in few years he became bankrupt. The 1 longer a man lives, the more he is con- vinced that on a larger scale, at least nothing worth while is free. He must | earn what he gets, and his associates, | whether rich or poor, will not donate anything to him on a business basis 1 What is given away is always on char 1 itable basis.
 l In endeavoring 10 economize, it is neceS- sary to guard aoainst the tendency to be renurious or illiberal. The ancient He
 ticws were taught to give to their temple worship and similar causes one-tenth ot :! their incomes besides free will offerings | for other purposes. If in youth one be- | gins to give one-tenth to charity, he is 1 likely in after life to continue the prac- tice, and to increase the proportion, By ] this means, money will be his servant, ! and he will not become it's slave. SYSTEM
 l It is often difficult to decide between l that part of ones work which is of first and that which is of secondary impor- l tance. And under modern conditions it is 1 hard to find time even for the duties that are of first Importance. Someone has l said tha. order brings all things to view; /! it unauestionaby makes possible the ac- I co.npllshrient of many useful purposes l that would otherwise fail of accomplish ment
 | Time is a possession more valuable than | money-hence the need to divide it wisely and to use it well. By systematic use ! of his time E,lihu Burrett became known i throughout the world as the Learned Blacksmith, able to read 50 ancient, mod
 ern and oriental languages. Lincoln SC used his spare time as to become highly educated man; and Julius Caesar wrote
 his famous commentaries at odd moments during his military campaigns
 | The greater ones responsibilities, the more necessary it is to effect methodl- cal division of one's time and duties. A 1 very interesting article has recently been published, which shows how President Wilson employs system to advantage. The biographer says: There has never been | in the White House, and I believe there
 never has been in Washington, man so marvelousy, I might say incredibly | punctual day in and day out