Dear Young Money Readers
It is noted that we are entrepreneurs of various economic sectors, genres and progress levels. Giving an economic report etc. might not be the best of reading to some, as one can do so from a Business Day, Mail & Guardian and other reputable publications of one’s desire. Thus, I try to publish content that can accommodate everyone, consistently relevant, some clichéd, but as you would note; what I like and I love wisdom!
I have encountered a series of Letters from A Self-Made Merchant To His Son who just started varsity and I was intrigued by the wisdom of the old man that he parted unto him. If I may, I would like to retype them, minimized and slightly modernised. They date as far back as 1902, some of the mataphors used are not heard of and the letters are generally long, because they did not have instant commication means as we do…
Trusting that you will note that the more things change the more they stay the same. So, whatever you are going through as an entrepreneur, you are not the first and won’t be the last, so hang in there! All the business people you aspire to, have been through that route, some might be similar not nessesarrily the same. If they could make it so can you.
- ·Another initiative of Consciousness to make history relevant and interesting.
A Business man Father to Son: Letter No. 1
Chicago, October 1, 1890
Dear Pierrepont: Your Ma got back safe this morning and she wants me to be sure to tell you not to over-study, and I want to tell you to be sure not to under-study. What we’re really sending you
to Harvard for is to get a little of the education that’s so good and plenty there. When it’s passed around you don’t want to be bashful, but reach right out and take a big helping every time, for I want you to get your share. You’ll find that education’s about the only thing lying around loose in this world, and that it’s about the only thing a fellow can have as much of as he’s willing to haul away. Everything else is screwed down tight and the screw-driver lost.
I didn’t have your advantages when I was a boy, and you can’t have mine. Some men learn the value of money by not having any and starting out to pry a few dollars loose from the odd millions that are lying around; and some learn it by having fifty thousand or so left to them and starting out to spend it as if it were fifty thousand a year. Some men learn the value of truth by having to do business with liars; and some by going to Sunday School. Some men learn the cussedness of whiskey by having a drunken father; and some by having a good mother. Some men get an education from other men and newspapers and public libraries; and some get it from professors and parchments—it doesn’t make any special difference how you get a half-nelson on the right thing, just so you get it and freeze on to it. The package doesn’t count after the eye’s been attracted by it, and in the end it finds its way to the ash heap. It’s the quality of the goods inside which tells, when they once get into the kitchen and up to the cook.
You can cure a ham in dry salt and you can cure it in sweet pickle, and when you’re through you’ve got pretty good eating either way, provided you started in with a sound ham. If you
didn’t, it doesn’t make any special difference how you cured it—the ham-tryer’s going to strike the sour spot around the bone. And it doesn’t make any difference how much sugar and fancy pickle you soak into a fellow, he’s no good unless he’s sound and sweet at the core.
The first thing that any education ought to give a man is character, and the second thing is education. That is where I’m a little skittish about this college business. I’m not starting in to preach to you, because I know a young fellow with the right sort of stuff in him preaches to himself harder than any one else can, and that he’s mighty often switched off the right path by having it pointed out to him in the wrong way.
I remember when I was a boy, and I wasn’t a very bad boy, as boys go, old Doc Hoover got a notion in his head that I ought to join the church, and he scared me out of it for five years by asking me right out loud in Sunday School if I didn’t want to be saved, and then laying for me after the service and praying with me. Of course I wanted to be saved, but I didn’t want to be saved quite so publicly.
When a boy’s had a good mother he’s got a good conscience, and when he’s got a good conscience he don’t need to have right and wrong labelled for him. Now that your Ma’s left and the apron strings are cut, you’re naturally running up against a new sensation every minute, but if you’ll simply use a little conscience as a tryer, and probe into a thing which looks sweet and sound on the skin, to see if you can’t fetch up a sour smell from around the bone, you’ll be all right.
I’m anxious that you should be a good scholar, but I’m more anxious that you should be a good clean man. And if you graduate with a sound conscience, I shan’t care so much if there are a few holes in your Latin. There are two parts of a college education—the part that you get in the schoolroom from the professors, and the part that you get outside of it from the boys. That’s the really important part. For the first can only make you a scholar, while the second can make you a man.
Education’s a good deal like eating—a fellow can’t always tell which particular thing did him good, but he can usually tell which one did him harm. After a square meal of roast beef and vegetables, and mince pie and watermelon, you can’t say just which ingredient is going into muscle, but you don’t have to be very bright to figure out which one started the demand for painkiller in your insides, or to guess, next morning, which one made you believe in a personal devil the night before. And so, while a fellow can’t figure out to an ounce whether it’s Latin or algebra or history or what among the solids that is building him up in this place or that, he can go right along feeding them in and betting that they’re not the things that turn his tongue fuzzy. It’s down among the sweets, among his amusements and recreations, that he’s going to find his stomach-ache, and it’s there that he wants to go slow and to pick and choose.
It’s not the first half, but the second half of a college education which businessmen mean when they ask if a college education pays. It’s the flamboyant, reckless, party-fever, group orientated lifestyles of the youth that make ’em doubt the cash value of the college output, and overlook the hard working, dedicated, achieving, yet outcast students who take their college education and make some fellow’s business more progressive.
Does a College education pay? You bet it pays. Anything that trains a boy to think and to think quick pays; anything that teaches a boy to get the answer before the other fellow gets through biting the pencil, pays. College doesn’t make fools; it develops them. It doesn’t make bright men; it develops them. A fool will turn out a fool, whether he goes to college or not, though he’ll probably turn out a different sort of a fool. And a good, strong boy will turn out a bright, strong man whether he’s worn smooth in the grab-what-you-want-and-eat-standing-with-one-eye-skinned-for-the-dog school of the streets and stores, or polished up and slicked down in the give-your-order-to the-waiter-and-get-a-sixteen-course-dinner school of the professors. But while the lack of a college education can’t keep No. 1 down, having it boosts No. 2 up. It’s simply the difference between jump in, rough-and-tumble, and this grin-and-look-pleasant style of the trained athlete. Both styles win fights, but the fellow with a little science is the better man, providing he’s kept his muscle hard. If he hasn’t, he’s in a bad way, for his fancy sparring is just going to aggravate the other fellow so that he’ll eat him up. Of course, some men are like pigs, the more you educate them, the more amusing little cusses they become, and the funnier capers they cut when they show off their tricks. Naturally, the place to send a boy of that breed is to the circus, not to college.
Speaking of educated pigs, naturally calls to mind the case of old man Whitaker and his son, Stanley. I used to know the old man mighty well ten years ago. He was one of those men whom business narrows, instead of broadens. Didn’t get any special fun out of his work, but kept right along at it because he didn’t know anything else. Told me he’d had to root for a living all his life and that he proposed to have Stan’s brought to him in a pail. Sent him to private schools and dancing schools and colleges and universities, and then shipped him to Oxford to soak in a little “atmosphere,” as he put it. I never could quite lay hold of that atmosphere dodge by the tail, but so far as I could make out, the idea was that there was something in the air of the Oxford ham-house that gave a fellow an extra fancy smoke.
Well, about the time Stan was through, the undertaker called by for the old man, and when his assets were boiled down and the water drawn off, there wasn’t enough left to furnish Stan with a really nourishing meal. I had a talk with Stan about what he was going to do, but some ways he didn’t strike me as having the making of a good private of industry, let alone a captain, so I started in to get him a job that would suit his talents. Got him in a bank, but while he knew more about the history of banking than the president, and more about political economy than the board of directors, he couldn’t learn the difference between a fiver that the Government turned out and one that was run off on a hand press in a Halsted Street basement.
Got him a job on a paper, but while he knew six different languages and all the facts about the Arctic regions, and the history of dancing from the days of Old Adam down to those of Old Nick, he couldn’t write up a satisfactory account of the Ice-Men’s Ball. Could prove that two and two made four by trigonometry and geometry, but couldn’t learn to keep books; was thick as thieves with all the high-toned poets, but couldn’t write a good, snappy, merchantable street-car ad.; knew a thousand diseases that would take a man off before he could blink, but couldn’t sell a thousand dollar ton tine policy; knew the lives of our Presidents as well as if he’d been raised with them, but couldn’t place a set of the Library of the Fathers of the Republic, though they were offered on little easy payments that made them come as easy as borrowing them from a friend.
Finally I hit on what seemed to be just the right thing. I figured out that any fellow who had such a heavy stock of information on hand, ought to be able to job it out to good advantage, and so I got him a place teaching. But it seemed that he’d learned so much about the best way of teaching boys, that he told his principal right on the jump that he was doing it all wrong, and that made him sore; and he knew so much about the dead languages, which was what he was hired to teach, that he forgot he was handling live boys, and as he couldn’t tell it all to them in the regular time, he kept them after hours, and that made them sore and put Stan out of a job again. The last I heard of him he was writing articles on Why Young Men Fail, and making a success of it, because failing was the one subject on which he was practical.
I simply mention Stan in passing as an example of the fact that it isn’t so much knowing a whole lot, as knowing a little and how to use it that counts.
Your affectionate father,