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The Wonders of Interest

2. He must make up his mind to go to the bank.

3. He must put on his hat and coat and go to the bank.

4. He must never miss a trip, for if he does, the plan he has established is retarded that much.

But for all this trouble he has his rewards. And his rewards are these: i. He is giving himself a valuable mental and moral training.

2. He is inaugurating and continuing a good habit.

The remarkable augmentation of small sums of money regularly deposited makes it plain that old age poverty is seldom As a rule, old age poverty is the price paid for many years of improvidence, and of a good time to-day without thought of to morrow. It is the result of choice made daily between having something now, and part in the future. There is no written law that can compel a wage earner to save for the pro tection of himself and family. If he elects not to secure this protection, is it to be won dered at that the world turns a deaf ear to his appeal for charity when he can no longer support himself and others dependent upon him? The art of wasting money can be learned by the poorest fool alive, but the art of hus banding it wisely for present living and fu ture protection is the accomplishment of a man who, by his effort, has gained more and more wisdom. The cultivation and develop ment of manhood is the one vital factor in the wise stewardship of money. So Thrift brings two essential rewards : wisdom and in dependence. He is an unwise man who com plains of the bitterness of his own folly; and he is a wise man who determines not to buy folly to-day, for he knows he will have no use for it to-morrow.

We have spoken of the inspiration that comes from learning the interest-earning power of money. But back of this inspira tion lies a cold fact. You cannot hurry the matter. That a dollar saved to-day may in crease to two dollars, you must put it at work and never touch it for nearly twenty years. The man who tosses a dime over to the bar keeper is handing him all the money that a dollar bill can earn in two years when most favorably invested. One ten cent cigar every

day for a year costs four per cent interest on nearly one thousand dollars. This sug gests the only logical way by which a man should estimate the cost of inessential things. That is, what capital do they represent? A banker who broke down from overwork con fessed to his physician that he had been in the habit of smoking twenty cigars a day. Being a well-to-do man, he paid not less than twenty-five cents each for them. Hence, his smoking cost five dollars a day. This rep resents five per cent interest, annually, on thirty-seven thousand, five hundred dollars. The sum itself which he spent in order to break down, namely, one thousand, eight hun dred and twenty-five dollars per year, would pay the full tuition, in a small college, of thirty-six young men or women.

As small sums regularly saved amount to astonishingly large ones, so often a small business produces peculiarly significant re sults. Here is a case in point : Twenty-two years ago an emigrant, a woman, arrived in New York from Russia— with no money, and with no knowledge of the English language.

She set up a news-stand, and bent all her energy to establishing a steady business on the lines of quick service, politeness, atten tion to details, and knowledge of human na ture.

She kept up this line of action every day of the year. And she wore a sunshiny face even when New York weather was trying to rival that of Siberia.

A little while back, she began to wonder what all the pennies she had taken in amounted to, in present assets. Here is a list of her holdings : 1. A three-story house in Brooklyn.

2. Enough money to buy the house next door.

3. Still some money left in the bank.

4. Seven children.

5. Five grandchildren.

One of her sons is an architect. All her children are self-supporting. She can, so she proudly declares, put on a fine silk dress when occasion demands. She is young in spirit and cheerful of heart.

Another of her business assets has been unfailing good nature.

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