Publisher's Synopsis
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... PART II LITTLE TALKS ON THRIFT Herewith are presented a number of Little Talks on Thrift. These have appeared from time to time in the newspapers of the United States as a part of the educational campaign of the American Society for Thrift. The Author desires to take advantage of this opportunity in acknowledging, on behalf of the Thrift Society, his appreciation of the splendid cooperation which has been accorded by the press of the country in this work. Money-making And Money-saving An eminent European financier whose family for many generations has been a power in international banking affairs once said that it required a good deal of boldness and a great deal of caution to make a great fortune, and that when you got it, it required ten times greater wit to keep it. There is a distinct difference between the power of making money and the power of saving money. Making money is largely a knack--a special gift. Financiers, like poets, are born, not made. But thrift is just as essential to the money-maker as it is to the money-saver. No matter how shrewd a man may be nor how keenly developed his instincts for acquiring wealth, he will never be successful unless an element of thrift is woven into all his activities. The so-called plunger--the meteoric financier--may, at times, seem able to defy prudent practices and the principles of thrift. However, such success is seldom permanent. Wealth gained by a sort of legerdemain rather than through the working out of sound business practices nearly always proves transitory. The majority of men who have built up great fortunes, though they have, in many instances, risen rapidly, owe their success primarily to thrift. It was this that gave them the start they needed, and it was the development of...
