The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-08-31
HEALTH IS FIRST
ESSENTIAL To
SUCCESS
Man Who Lacks II Out of Luck,
Arthur Loasby, Banker,
Asserts.
By EDWIN j. CLAPP,
Financial Editor, New York

American.
Written for Cosmopolitan News Service.
NEW YORK, Aug. 31.-Arthur
w. Loasby, youthful president of
the Equitable Trust Company, is a
self.made man.
His equipment was New York
city common school education when,
the son Of a railroad man, he began
work as a clerk in a master me-
chanic's railroad shop at Syracuse.
He soon. abandoned railroading
for a c1efkship in the First Ma
tional Bank of Syracuse in 1900.
BY 1920 he had become the presi-
dent and had merged and expanded
It into the First Trust and Deposit
Company, with the largest resources
in the State, outside of New York
city.
In 1920 the Equitable Trust Com
pany called him TO New York as
vice president. In 1922 he was
made senior vice president, and
president on July 1, 1923, when he
succeeded Alvin w. Krech, who re.
tired to become chairman Of the
board.
If anyone can tell young men
how to succeed, it ought to be A.
w. Leasby. president of the Equit-
able Trust Company, who, still a
young man, has succeeded to the
presidency Of the Equitable Trust
Company, with deposits OF $780,
OO0, 900 and resources OF 1917 600, 600.
He said:
1.-THE foundation for any success
Is good health. II a man hasn't
got it, he is out OF luck-tEough
1 am not much OF a believer in
luck.
What of education?"
"All that young man can get,
provided he takes it earnestly. A
college education is a fine thing
If boy appreciates 1t and gets the
most out of it. / am not sure that
all boys who go to college do so.
There is great deal of educa-
ton that you can get outside of
the schools. I, for example, had
the good fortune, as young man,
to work for men who thought
straight. They taught me how to
think straight"
How much does brilliancy count
in success?'
mot much. am inclined to think
that, as often as not, brilliancy is a
handicap. 1t leads to Incidence when
you get things too easily.
More important than brilliancy
Is for young man to have a fairly
good mind and to have what I call
simple honesty. That means not
only being honest with your en-
ployer, but honest with yourself. If
you add to simple honesty the quail
ties of energy and Of courage TO
stick to the job, you have the at
tial."
what is success?"
mot simply the making Of money
or the attainment of high position.
I know men who have attained these
and yet 1 should not call them sue
cessful. Success means getting the
things you set out to get and being
happy while you're doing 1t, not reg
lecting to discharge the duties you
owe to those dependent upon YOU"
What of friends as a help in
business2"
"Yet get friends by playing the
game sQuarely. You get friends to
help you as soon as you prove that
you're worthy of being helped
what of clockwatching?"
'The clock-watcher is gone before
he begins. The only way to get
ahead is to give your employer more
than he pays you for. Don't be
afraid that our work will not be seen
There isn't enough of this kind OF
talent to go round, and executives
are always watching for it,
President Loasby believes in early
marriage. He thinks it keeps a man
out of trouble, that 1t keeps him
hard up and gives him something to
work for.
Simple honesty, energy, courage Ia
stick are his keys to the gateway to
J success.