Money-making men; or, how to grow richRitchie, J. Ewing (James Ewing)
General
Money-making men; or, how to grow rich
Ritchie, J. Ewing (James Ewing)
Rich people -- Biography
George Moore had a brother. He was far apter than George; he had a
better education; he had read extensively, and was well versed in
literature; but he wanted that which his brother George had—intense
perseverance. Hence the failure of the one, and the success of the
other. It is thus the determined, persevering man who succeeds. It was
thus Warren Hastings won back the broad lands of his ancestors.
“In New York,” says an American writer, “fortunes are suddenly made, and
suddenly lost. I can count over a dozen merchants who, at the time I
began to write this book, a few months ago, were estimated to be worth
not less than 250,000 dollars—some of them half a million—who are now
utterly penniless. At the opening of this year (1868), a merchant,
well-known in this city, had a surplus of 250,000 dollars in cash. He
died suddenly in July. He made his will about three months before his
death, and appointed his executors. By that will he divided 250,000
dollars. His executors contributed 1,000 dollars to save a portion of
his furniture for his widow, and that was all that was left her out of
that great estate. He did what thousands have done before him—what
thousands are doing now, and will do to-morrow. He had money enough; but
he wanted a little more. He was induced to go into a nice little
speculation in Wall Street; he put in 50,000 dollars. To save it he put
in 50,000 dollars more. The old story was repeated, with the same
result.” I knew a gentleman who began the world as an advertising agent;
he managed to get a share in a newspaper, which eventually became an
immense commercial success. His share of the profits amounted to some
thousands a-year; but this was not enough—he must have more. He turned
money-lender, borrowing at 5 per cent., to lend money on bad security at
a high rate of interest. He died in the prime of life, a bankrupt, and
of a broken heart.
It is not every one who knows when to leave off money-making; but there
is a time when a wise man will remain satisfied with what he has won. I
knew a gentleman in the Corn Exchange, who was worth £80,000. That was
not enough for him, though to many it would have been a fair fortune. He
was determined to make one grand _coup_ before finally retiring from
business, and enjoying the fruits of his industry and enterprise. He did
so against the entreaties of his friends. The grand coup was a failure,
and he died as poor as Job. Such men are to be met in London every day.
Public-domain text, read in full here on John Shaqi.
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