Weekly Chemawa American., January 10, 1902, Page 8, Image 8

CBEMAWA AMERICAN.
8
Save Your Money.
A YOUNG MAN, whose eatly youth had
been spent in idleness and dissipation, once
asked a prosperous Merchant whom he
chanced to meet:
"Will you tell me the secret of your suc
cess?" "It, is not. a secret," said the prosperous
Merchant: "it is an ooen matter. I tell it
to everyone, and every man with, common
sense can do as I did,"
"And what did you di?" asked the
Youth.
' "I saved my money."
"Paved your money!"' exclaimed the
Youth, in great surprise.. "Why, I've been
trying to save money for years, and I
haven't been able to pet sufficient together
to make a decent deposit."
"What do you mean by a decent deposit?"
queried the prosperous Merchant.
"Oh," the Yonth answered, "something
like forty, or fiftv, or one hundred dollars."
"Great Scott!" said the prosperous Mer
chant, with much astonishment and sudden
wonderment, "it was a long 1'me before I
had tht amount."
"Do yon mean to tell me that you saved .
until you got it?"
"Yes. I had a home-mad bank of my
own, and I saved inthatuntil I had enough
to open h Havings-bank account."
- "How much was your firjt deposit?"
"One cent!"
The statement almost staggered the
Youth. The Prosperous Merchant, smil
ing, said, "Listen, and I will tell you all a
bout it."
Clearing his throat, he said :
"I ban by resolving to double the
amount I had saved. The first day I put
away, in an old stocking, one cent. I
doubled it and put awav two cents the
second day, four cents the third day, eight
cents the fourth day, sixteen cents the fifth
day. thirty-two cents the sixth day, and
sixty-four cents the seventh day. Then I
was not able to make a deposit for a week,
when I put away one dollar and twenty
eight cents. It took me two weeks more
to save two dollars and fifty-six cents I
found that I would have to get a better job
to go on doubling in that way, so I hustled
around and was graduated from driving a
wagon and giveu a position to sell goods
in a grocery store. In three weeks, I was
able to put away five dollars and twelve
cents. Then I opened a bank account.
At the end of another month,' I had ten
dollars and twenty-four cents on deposit,
and in two months more I had twenty
dollars and forty-eight cents. My em
ployer raised my salary; but, even with
that he'p, it took me six mouths to save
another 'double,' amounting to forty
dollars and ninety-eix cent.
"After that, it would have been easier to
deposit small amounts, but I stuck to my
original purpose, and in another year I had
eighty-one dollars and nintv-twn pnns 'n
take to the bauk. To d --itAe ihai bum
took a lot of saving and s enticing; but,
when you start out to do i thing, don't
give up! I worked hard r and harder,
and, in another year. I ha my 'double,'
one hundred and kixty-thii-t dolors w
eighty-four cents. At that time I had
three hundred and twenty-seven dollars
and sixty-eight cents in the bank, and my
next deposit . would have to be justtbat
sum, in order to let me keep on with my
system. I had let my employer see that I
was interested in his business, and he
gave me a better position and a higher
salary. It is a good idea to let your em
ployer think that you consider his business
as if it were your own. Well, to make a
long story short, in eighteen months more
I had three hundred and twent3'-sevni dol
lars and sixty-eight cents; two years later,
I had saved six hundred and seventy-five
dollars and thirty-six cents; and, in two
years more, I made a deposit amounting
to one thousand, three hundred and ten
dollars and seventy two cents. Thi.- gave
me two thousand, six hundred and twenty
one dollars and forty-four cents in cash,
with interest ; and all saved inside of six
years. Then I bought an interest in a
store. That wa my start in life. I had
made up my mind to get enough to estab
lish myself, and laccotnplisbsd my purpose
as I have told you." - Ex.