Questions and Answers: Business Pointers by Darius Ogden Mills “WHAT is your idea, Mr. Mills, 2.Mr. Mills was born in Western New York in 1825. He has been a leading financier for fifty years, in California, and in New York. He is connected with the management of eighteen important business and philanthropic corporations in New York City. WORK“What, Mr. Mills, do you consider the key-note of success?” “Work,” he replied, quickly and emphatically. “Work develops all the good there is in a man; idleness all the evil. Work sharpens all SELF-DEPENDENCE“To what formative influence do you attribute your material success, Mr. Mills?” I asked. “I was taught very early that I would have to depend entirely upon myself; that my future lay in my own hands. I had that for a start, and it was a good one. I didn’t waste any time thinking about succession to wealth, which so often acts as a drag upon young men. Many persons waste the best years of their lives waiting for dead men’s shoes; and, when they get them, find them entirely too big to wear gracefully, simply because they have not developed themselves to wear them. “As a rule, the small inheritance, which, to a boy, would seem large, has a tendency to HABIT OF THRIFT“No one can acquire a fortune unless he makes a start; and the habit of thrift, which he learns in saving his first hundred dollars, is of inestimable value later on. It is not the money, but the habit which counts. “There is no one so helpless as a man who is ‘broke,’ no matter how capable he may be, and there is no habit so detrimental to his reputation among business men as that of borrowing small sums of money. This cannot be too emphatically impressed upon young men.” EXPENSIVE HABITS—SMOKING“Another thing is that none but the wealthy, and very few of them, can afford the indulgence of expensive habits; how much less then can a man with only a few dollars in his pocket? More young men are ruined by the expense of smoking than in any other way. The money thus laid out would make them independent, in many cases, or at least would give them a good start. A young man should FORMING AN INDEPENDENT BUSINESS JUDGMENT“What marked traits, Mr. Mills, have the influential men with whom you have been associated, possessed, which most impressed you?” “A habit of thinking and acting for themselves. No end of people are ruined by taking the advice of others. This may answer temporarily, but in the long run it is sure to be disastrous. Any man who hasn’t ability to judge for himself would better get a comfortable clerkship somewhere, letting some one of more ambition and ability do the thinking necessary to run the business.” THE MULTIPLICATION OF OPPORTUNITIES TO-DAY IN AMERICA“Are the opportunities for making money as numerous to-day as they were when you started in business?” “Yes, the progress of science and invention has increased the opportunities a thousandfold, and a man can find them wherever he seeks them in the United States in particular. It has WHERE ONE’S BEST CHANCE IS—THE KNOWLEDGE OF MEN“In what part of the country do you think the best chances for young men may be found?” “The best place for a young man to make money is the town in which he was born and educated. There he learns all about everybody, and everybody learns about him. This is to his advantage if he bears a good character, and to the advantage of his towns-people if he bears a bad one. While a young man is growing up, he unconsciously absorbs a vast deal of knowledge of people and affairs, which would be THE BOTTOM OF THE LADDER“What lesson, Mr. Mills, do you consider it most needful for young men to learn?” “The lesson of humility;—not in the sense of being servile or undignified, but in that of paying due respect to men who are their superiors in the way of experience, knowledge and position. Such a lesson is akin to that of discipline. Members of the royal families of Europe are put in subordinate positions in the navies or armies of their respective countries, in order that they may receive the training necessary to qualify them to take command. They must first know how to obey, if they would control others. “In this country, it is customary for the sons of the presidents of great railroads, or “There is no end of conspicuous examples of the wisdom of this system in America. There are also many instances of disaster to great industrial concerns due to the inexperience or the lack of tact of men placed suddenly in control.” THE BENEFICENT USE OF CAPITALUpon this point, Mr. Mills said:—“A man can, in the accumulation of a fortune, be just as great a benefactor of mankind as in the distribution of it. In organizing a great industry, THE WHOLESOME DISCIPLINE OF EARNING AND SPENDING“What is the responsibility of wealth, Mr. Mills?” “A man must learn not to think too much of money. It should be considered as a means and not an end; and the love for it should never be permitted to so warp a man’s mind as to destroy his interest in progressive ideas. Making money is an education, and the wide experience thus acquired teaches a man discrimination PERSONAL: A WORD ABOUT CHEAP HOTELS“How did you happen to establish the system of hotels which bears your name, Mr. Mills?” “I had been looking around for several years to find something to do that would be for the good of the community. My mind was largely on other matters, but it occurred to me that the hotel project was the best, and I immediately |