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
Finding a hearty coadjutor in his wife, he put his family on a
short allowance, and shared himself in the economy of the household. Six
hundred dollars a-year he allowed for the expenses of his family, and his
wife resolutely resolved to reduce that sum to 400 dollars. Six months
after the purchase of the Museum, the owner came into the ticket-office
at noon; Barnum was eating his frugal dinner, which was spread before
him. ‘Is this the way you eat your dinner?’ the proprietor inquired.
Barnum said, ‘I have not eaten a warm dinner since I bought the Museum,
except on the Sabbath, and I intend never to eat another on a week-day
till I am out of debt.’ ‘Ah, you are safe, and will pay for the Museum
before the year is out,’ replied the owner. In less than a year the
Museum was paid for out of the profits of the establishment.”
There are no better rules for business success than those laid down by
Mr. Barnum, and which have guided his course. Among them are
these—“Select the kind of business suited to your temperament and
inclination; let your pledged word ever be sacred; whatever you do, do
with all your might; use no description of intoxicating drinks; let hope
predominate, but do not be visionary; pursue one thing at a time; do not
scatter your powers; engage proper assistance; live within your income,
if you almost starve; depend upon yourself, and not upon others.”
Perhaps one of the men who made most money by advertising, was Mr.
Barnes, the proprietor of the _New York Ledger_. The manner was entirely
his own. When he startled the public by taking columns of a daily
journal, or one entire side, he secured the end he had in view. His
method of repeating three or four lines—such as, “JENNY JONES writes only
for the _Ledger_!” or “Read Mrs. SOUTHWORT’S new story in the
_Ledger_!”—and this repeated over and over again, till men turned from it
in disgust, and did not conceal their ill-temper—was a system of itself.
“What is the use,” said a man to Mr. Barnes, “of your taking the whole
side of the _Herald_, and repeating that statement a thousand times?”
“Would you have asked me that question,” replied Mr. Barnes, “if I had
inserted it but once? I put it in to attract your attention, and to make
you ask that question.” This mode of advertising was new, and it excited
both astonishment and ridicule. His ruin was predicted over and over
again; and when he had thus amassed a fine fortune, it was felt that the
position he had secured was the one he aimed at when he was a mere
printer’s lad. He sought for no short paths to success; he mastered his
trade as a printer patiently and perfectly; he earned his money before he
spent it; in New York he was preferred because he did his work better
than others; he was truthful, sober, honest, and industrious; if he took
a job, he finished it at the time and in the manner agreed upon. He
borrowed no money, incurred no debts, and suffered no embarrassments. He
Public-domain text, read in full here on John Shaqi.
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