Only from three to five in every hundred men who embark in business have large and permanent success. And these are not chiefly those who begin with large capital. For the most part they are men who have been architects of their own fortunes. Beginning as boys on low wages, and passing through all grades of advancement from the lowest to the highest, they have at last become strong enough to make their own terms with those who have gladly recognized their ability and integrity as the equivalent of large capital; or without such aid they have worked their way to splendid success. About ten out of a hundred have moderate success. Without aspiring to the rank of millionaires they have an abundance for personal and family use, and are able to share freely, if so inclined, in the beneficence of their times. The remaining eighty-five in a hundred are on a sliding scale from partial success to utter failure. Leaving out of view all the cases in which men of integrity and ability fail by reason of unavoidable calamity, or lack of opportunity, how shall we account for the large percentage of failures? And as the percentage continues from year to year, and perhaps increases from generation to generation, it seems clear that the reasons are permanent and powerful. It certainly throws a deep shadow over households and communities to think that young men have before them such gloomy prospects. Can we not brighten them? Must every hundred young men, full of the strength and enterprise belonging to their age, advance toward the goal of their ambition under the depressing thought that only from five to twenty are likely to win prizes? At best the cares and responsibilities and risks of business men are very great. But I do not believe that circumstances external to themselves control the business destiny of young men. They may avoid disastrous failure and win success. At least a very large percentage of them may win the wholesome success which consists in having neither poverty nor riches; for this after all may be welcomed as the safest and best condition. But they may also be prepared by excellence of character, and by habits of business and of life, for the possession and use of large wealth, under the great responsibility of stewards who are yet to give account to the real Proprietor of all the treasures in the world. It should be remembered that young men may succeed as clerks and utterly fail as the responsible heads of business concerns. For this reason the conditions of success, of which I am about to write, have reference largely to times beyond the years of apprenticeship and subordination.