The Secret Of Wealth

Saving in greater volume is the only road to real prosperity and if it were possible for every person to save half of what he earns, then we would have a greater prosperity than this Country has ever enjoyed. Let each individual learn that thrift on the part of all of the people is the only road to real prosperity for all of the people. Individual prosperity is dependent upon the prosperity of others and, until our neighbors are prosperous, we can never hope for real prosperity.

A few years ago the deposits of all of the banks of the United States were ten billion dollars and now they are more than fifty billion dollars. Somebody saved all of this money. Individuals saved it and corporations saved it and all of them deposited it in the banks. The banks re-loaned the most of it for the development of the Country. They loaned some of it on farm mortgages and then the farmer saved money to pay off the mortgage. When he had saved enough more he built a new house or a new barn or bought a tractor or perhaps an automobile. Through the farmer's saving the building material men and the farm implement dealers and manufacturers and the automobile manufacturers all were enabled to do business and to make money.

Saving money instead of spending each day's income is the thing which creates business and prosperity for everybody. It was the savings of the people that built the railroads and the big buildings and the schools and the hospitals.

Somebody must save or we would never have anything better than a tent to house ourselves and a sheepskin to cover our bodies.

Beware of the man who tells you that you must spend all you earn or you are hindering the business of the Country and destroying prosperity.

When everybody- learns how to live well and at the same time save a reasonable portion of every dollar he gets, then we are assured of complete and permanent prosperity.

After money is spent, it is invested and, when it is invested, it is spent--by the other fellow. That means prosperity.

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