New-York tribune., 1921-01-13

on OF an interview with Mr.
s published in the New York
0, and is as followss
But opportunity Is not apt %
stop and knock at tho door Of tho
man who is but an Indifferent
workman. Most fortunes have
been built by laying by small in
itial amounts, but when oppor.
tunity knocks the man who ha,
not practised thrift or who has no
credit must let opportunity 20
elsewhere, and opportunity will
seek out the man who is known
to be thrifty.
Rich and Poor
The fact that laying by and In
vesting are first hardship and
later a pleasure, and often be-
come a mania, is one reason WHY.
on one hand, we have many people
who are quite rich and, on thu
other hand, a great many more
people who never have anything
ahead, and this in a country
where opportunities are very
nearly equal. But still more re-
markable is the fact that for
every rich man who makes a for
tune we can all point to dozen
men who had greater natural
advantages to make their for
tunes, but did not.
We are told that the rich are
getting richer and the poor are
getting poorer. That is plain
"bunk." The great majority Of
the rich people Of to-day were the
children Of the poor people of
generation ago.
National Resources
Many people are discouraged
from practicing thrift in the be-
lief that all Of the wealth that can
be accumulated has been accumu-
lated. This is ridiculous. Nobody
knows accurately at this time
what the accumulated wealth Of
the entire country is, but rela-
lively it is quite small when meas
ured by rational standards. For
centuries we have been convert
ing the natural resources of this
country, which cost US nothing,
into wealth, and yet the entire
amounts laid by which represent
our accumulated wealth, both
private and public, would not be
sufficient to support US on our
present scale Of living for
period Of ten years, even assum.
ing. we could convert this wealth
without loss from the form in
which it now exists into the
things we would need to live on.
IN less than ten years everything,
including the house over our
heads, would have to be sold to
furnish US with what we consume.
What Thrift Does
Here is another example: If the
workers Of the country should
save 10 per cent of their salaries
and wages, and this were invested
at per cent interest, they would
IN q single generation accumulate
more wealth than has been accu-
mulated in all Of these centuries
and all Of these generations.
Here Is still another example:
If one family had come to this
country at the time jamestown
was settled with a capital of
$1,000, and this fund, together
with its proceeds, had been con-
tinually invested at 6 per cent
ever since, this one family alone
would now have a greater wealth
than our entire accumulation Of
wealth.
Every one working for better !
morals, better citizenship, better
conditions Of charity subjects, can
perhaps attain the desired end |
more quickly by working to make
thrift universal than by working
along his present lines.
we msssase. distributed widely.
NIX 1t will make workers particu.
y some money laid BY and safe
Isndia inAusues with schosl chill.
Of life and who should know be-
y IN che world much fastsr and
the lessen Of thrift?
+
rrow, Friday G. good combine.
4 evening nswspApsrs.
LILLIAN C. FREEMAN, j
II West 4fSth st. N. Y. CITY.