Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1922-01-26
Address to the Members of the
Boys Club of the Y. M. c. A.
by Mr.. David Elliott

by Mr.. David Elliott
At the request of Mr.. Merritt
| have come here this after
noon to talk to you a few min
utes on the subject of Thrift. +"
The great organization under
whose auspices we are met, in
their noble work of character
building, have set aside this
week, and are devoting all the
energy of their able, devoted,
and consecrated workers in To-
cusing the attention of the
young men and boys on the i'm
portance and necessity of habit
of thrift. After years of sue
cessful endeavor along the line
of christian teaching it has
been found that one of the viz
tues on which character is
mainly dependent is that Of
| thrift, hence the Importance at
Itacha5 by the Young Men S
! Christian Association to the
Icorferencea Of This week.
IF9.fthaa been defined as
"@oon6in~ less t5an You earn .
A yong man or hoy who h2-
| bituaIlv spends ali his earnings
is handioaDping himself in The
race Of life. He may think,
Oh, well, it Is only q dollar, or
only a quarter, or a dime, no
use saving a trife like that. Il
is not SO much the amount Of
the individual saving that I
have in mind, as the import
ance of the habit Of saving.
When Joe Justice secured his
first permanent situation his
wages were $3.50 a week, a.
mounting to $4,000 year, on
which to live in a large city.
Out of that amount he saved
$40 the first year. That was q
little more than twenty years
ago, and to-day he is worth Q
quarter of a million dollars,
and is at the head of a prosper
Gus business, and is one Of the
most respected men in the city
in which he lives. But boys,
it was not because Joe was
lucky that he made q success of
life. It was due to his habit Of
thrift, coupled with an upright
and sterling character.
Systematic saving is the thot
that | want to impress on your
mind. Have plan and stick
to it. 1t may not be more than
a dollar a week, or even less
than that, but it is keeping ev-
erlastinG at it that accomplish
es the task. When Uncle Sam
built the Panama Canal, it was
done by taking out one shovel
full of dirt at a time. Had Col
onel Goethals waited until
someone invented a process
whereby q hundred or a thous-
and cubic yards Of dirt could
have been removed at one time
the canal never would have
been built.
If you wait until you have
a thousand dollars to make
vour initial deposit in the bank
the chances are that you never
will make it. Do not hesitate
because voUr deposit is small,
every dollar you add to vour &C
count will mean a greater earn
irg or Won. Interest works
all the time. Sundays and holt
davs, never taking a vacation.
J It is surprising how quickly q
sum will increase being COM
pounded twice year. Banks
will sla ely extend al the court
esiee to yeu even though you,
deposits NAV be sznan. Smal
sccoapts are wefc Sr1ed as wei
&c lsrgeenes. As much inter.
est is maintained IN cuitfvatinp
and safeguarding the sood will
Of the ore dollar depesftor a.
tn or hundred dol1oY one. Nov
bows, the purpose Of oil tha'
talk is to persuade you to save
a certain percentage Of youl
money. If you are not earn
. ing any money, but have an al
l0wance, try and save some o,
2 it, If you are earning q sala
ry, plan to lay aside a certain
= amount Of each dollar. TIL
amount is a secondary import
ance. First acquire the habi
( and Their YOUR own good judg
ment will regulate the amour
to be saved out of each pa,
E envelope,