Famous Givers and Their GiftsBolton, Sarah Knowles
History
Famous Givers and Their Gifts
Bolton, Sarah Knowles
Philanthropists
In his articles in the newspapers, and in his public addresses, he has
given good advice to young men, in whom he takes the deepest interest.
He believes there never were so many opportunities to succeed as now for
the sober, frugal, energetic young man. "Real ability, the capacity for
doing things, never was so eagerly searched for as now, and never
commanded such rewards.... The great dry-goods houses that interest
their most capable men in the profits of each department succeed, when
those fail that endeavor to work with salaried men only. Even in the
management of our great hotels it is found wise to take into partnership
the principal men. In every branch of business this law is at work; and
concerns are prosperous, generally speaking, just in proportion as they
succeed in interesting in the profits a larger and larger proportion of
their ablest workers. Co-operation in this form is fast coming in all
great establishments." To young men he says, "Never enter a barroom....
It is low and common to enter a barroom, unworthy of any self-respecting
man, and sure to fasten upon you a taint which will operate to your
disadvantage in life, whether you ever become a drunkard or not."
"Don't smoke.... The use of tobacco requires young men to withdraw
themselves from the society of women to indulge the habit. I think the
absence of women from any assembly tends to lower the tone of that
assembly. The habit of smoking tends to carry young men into the society
of men whom it is not desirable that they should choose as their
intimate associates. The practice of chewing tobacco was once common.
Now it is considered offensive. I believe the race is soon to take
another step forward, and that the coming man is to consider smoking as
offensive as chewing was formerly considered."
"Never speculate. Never buy or sell grain or stocks upon a margin....
The man who gambles upon the exchanges is in the condition of the man
who gambles at the gaming-table. He rarely, if ever, makes a permanent
success."
"Don't indorse.... There are emergencies, no doubt, in which men should
help their friends; but there is a rule that will keep one safe. No man
should place his name upon the obligation of another if he has not
sufficient to pay it without detriment to his own business. It is
dishonest to do so."
Mr. Carnegie has not only written books and made money, he has
distinguished himself as a giver of millions, and that while he is
alive. He has seen too many wills broken, and fortunes misapplied, when
the money was not given away till death. He says of Mr. Tilden's bequest
of over $5,000,000 for a free library in the city of New York: "How much
better if Mr. Tilden had devoted the last years of his own life to the
proper administration of this immense sum; in which case neither legal
contest nor any other cause of delay could have interfered with his
aims."
Public-domain text, read in full here on John Shaqi.
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