, 1923-11-28

10 It IN hope Of fair ADVANTAGES.
Merchant Of venic.
lei a man invests his monav !,
government bonds, he is assured -
both interest and capital. When ba
invests his money In a bu siness a.
terprlse, ne Is assured of neither. Sta.
tistics are said to show that o. ma,
cent Of all business ventures faI
within a few years Of their launcolng
1t Is certain that far more Men fan
In business than succeed.
The economists speak of the ma,
who takes the risk in Il business n,
an entrepreneur; and they acknowl.
edge hat he shoulG be allowed No,
only a fair interest on the money no
has Invested in an enterprise. but also
a fair gain to pay hin. for the risk,
ne has taken-the greater the risk,
the greater the gain. People who tr.
ure that Investors should be satisfied
with the Interest alone, and there ara
many Of them. show themselye, IL.
norant Of the fact that Shakespeare
here points out-thGt men will no,
FISK all they possess without the hope
of advantage.
II 10 of Importance to us that men
should be willing to risk their money
In Industrial ventures. We have our
railroads. our telephones, our automo-
biles, and our moving pictures as the
result of mems willingness to risk -,
their private fortunes. Those who ad.
vocate state ownership for all indus.
tries rarely stop to consider who
would bear the risk Of undertaking
new enterprises II the state owned
the Industries. Certainly the govern.
ment Is o supposed to take risks
with the money Of Its taxpayers. /,
Is equally certain that new enterprises
annot be undertaken unless some one
bears the risk. A man with an IndL
vidual fortune may risk 1t as he sees
fit; herein lies the great value Of pr.
vate wealth.
Just now there Is an ever-growlng
tendency to limit the advantages that
a man may gain by taking great haz-
ards. Such Limitation is folly when
carried far enough to keep men from
taking the risk In new ventures-the
acme Of craftsmanship is to determine
the lowest rate Of gain that will in.
duce private capital 10 assume the
risk In new enterprises.
Carefully then were covered the en-.
bers that gIowed on the hearthstOns'
-EvanseIins.
When the modern householder cor.
ers his fire at night, 1t is to keep the
hot-water pipes from freezing during
the night or to keep tie house from
becoming unduly chilly overnight
When the farmers OF Grand-Pre covIN|
cred their fires at night, 1t was to save }
themselves much trouble the next
morning with flint and steel and tn
der. Lighting II fire In those days was
no simple matter of lighting n match
1t was a slow. laborious process.
Countless centuries ago man discov'
cred that fire would keep him warm
In cold weather. would make his food
easier to chew. would help him ID
taking stone for axes and spearhead'
and would aid him in countless Other
ways. In the very earliest days men
had to depend on lightning for then
start Of fire-hence 1t was perfectly
natural that the Greeks should have
believed Prometheus stole fire from
the gods and gave II to man, Whea
the lightning struck n tree and starieo
n forest fire. our primitive nnces'o"
no doubt hunted around In the wake
Of the fire for %smolderlng stumps anu
logs. These pieces Of smolderlng WOOD
they probably carried to their caves
and used to start fires that were KEEP
alive for weeks or months nj a um-
If through carelessness or nccideu'
the fire was allowed to 20 out, the pe,
pie OF that early day were oompeIo
to walt for another lightning sto'~
{ o get a fresh supply OF fire.
Later man discovered TINT by ruv
bling two pieces OF wood together ve7
brIskly he was able to start a nv
This marked a tremendous step W.
ward In the history Of fire maka.
for II made men Independent OF ns"
Mig storms.
Later still he discovered that y
a piece of iron or steel asalD
flint he WINS able to strike hre
could be caught by n bit OF tlnue
he were sklllful enough. lie n's"
covered that II was possible To SUI"
by focusing the suns rays 'n'o +,
n piece OF glass, Fire could n% =,
with n burning glnss eNce| n
sunny days. and lighting a hre
flint and steel was tedious busi
but both methods were much sJ
the method that had pr
them. IN,
The matches that are III use ~ 20
present day are n comparn.',s y
cent invention. mnde possible W On
In chemistry. W IN
the days Of the Civil war nnu sss