Celebrity Clipping from Indianapolis News, Sat, Jun 13, 1903.

Clipped from US, Indiana, Indianapolis, Indianapolis News, June 13, 1903

Alexander McDonald, of New York, a ! man who has madel hi* fifty or sixty mill- . ion dollars out of Standard Oil and other Investments, and John M Studebaker, who has made his millions out of real estate and two-horso wagons, were travel- j :ng companions on a Big Four train to 1 Indianapolis last Wednesday evening With them a part of the way was a newspaper man who might have invoiced six or sight dollars, or more. If it had been paySay.Tell you how to make a million dol-ars?” said Mr. McDonald to the newspa-jer man. The Standard Oil multi-million- ' lire asked the question with the air of I ^ne who knew how to answer it—knew low to make a million while he was riding n the train and talking about it. ;Start a Peanut Stand or Something.If I were a young man. he said, one that was starting in the world without capital. I would start a peanut stand. If tt was not convenient to start a peanut stand. I would start something else. I ! would get a business of my own—one that , [ could boss myself. 1 would stay with ! that business, even if it were only a pea- | nut stand, and would put away 25 cents of i each dollar that came in in the way of -trade. I would use this for a foundation . rtone. and some day I would have a million dollars.“Any younE man can have a million dollars. But he can not get It If he works on a salary. The highest salary from the richest corporation in the world would not make a millionaire of him. t Ret a business of your ow n. no matter • how small It Is. get it. Save little or much from what it brinrs in. but save j something. Keep away from the stock market. Do not smoke up your money. Save it. get along to the point where : there ‘s enough of it to begin to make j money for itself. It will givw amaxingiy in time Have a purpose to work lor. Bend your business efforts to that end. The million dollars won't get away while you are working for It. I^oMt about you for opportunities. The world is this day full of fine chances for young men. There never was a better time for them to make } their money—to lay the foundation for a million dollars.A Scotch Boy's Thrift“In my office at Cincinnati I once had a boy— a Scotch boy—who was paid fourdollars a week. He had not been inTO MAKE MILLION DOLLARS.Start a peanut stand, or some business of your own.Never work on a salary.Be your own boss.Keep off the stock markets.Earn a dollar and save a quarter of it —Alexander McDonald. Standard Oil Multi-Millionaire.Be honest.Have a purpose in life and stick toIt.Do not watch the clock.Do not be afraid to work.*Do not eamble or smoke.Keep away from expensive habits.—John M. Studebakyr, Multi-Millionaire.IAmerica very long' when he came to the office and ask*d for work In those days the Standard Oil Company paid its employes e\ery two weeks. By the end of the first week, after a pay day. there were always a few men around the office who were out of money. After he had been at it for some weeks. I found the Scotch boy was lending a dollar or two to these straitened men and charging them twenty-five cents interest on each dollar. I thought he was worth watching. He was a '’apitalist—a small one—and was making his money make money.He finally left the Standard Oil Company. A few dav* ago I was walking inBroadway. New York. He came up to meand made himself known. I'd forgottenhim long ago. But he looked prosperous.and said he had a business of his own inNew York, and he ar.d his brother owned another enterprise in Philadelphia. I looked for that young man to become a millionaire.' The trouble with young men in these days is. they are too impatient. They want to get rich in a minute. but they cau't do that. Young men get married, have to have a flat with hardwood floors and rugs and electric lights. The young husband thinks his wife should wear as good clothes as the young man's wife in a neighboring Cat. This wasn't the rule when present millionaires laid the foundations for their fortunes.”John M. S.udebaker said he knew howa young man could make a million dollars.How?” he was asked.Be honest. Have a purpose In life, and steadily keep to that purpose. Keep your eyes off the clock. No man ever got a million dollars who was afraid of work. If it takes twelve hours a day to accomplish a thing In hand, give twelve hours to It. Don't be In a hurry to quit when the clock strikes 12 and 6.I remember the day that I landed in a California gold camp and was stripped of my fortune. I had but 60 cents left. The fortune with which I started from home amounted to 165. It was sewed in a belt around my waist, and my mother sewed it there. I kept my hand on that 65 most of the way across the plains and I made a good deal of the trip onfoot with a wagon train of gold seekers. We fought Indians and swam rivers, but we were going to make our millions in the land of gold.Experience with a Gambler.We reached a miners' camp in California and went to work. In about a week a stranger came into camp, telling wonderful stories of winnings he had made in a gambling house. I think he brought about a peck of gold into our camp at one time and said he had won It. The sight of that gold and the easy way in which he had acquired it set the younger men in camp on fire. They went to the gambling house with this stranger. He said we should bet es he did. If he bet ten dollars at one time and lost, he would bet twenty dollars next time. If he wonthe first time, he would only bet halt as much next time. I saw my $66 fade away in that gambling house Finally this stranger—he was a capper for the house— was caught, and he was hung in our camp. I would have helped pull the rope that strung him up. but too many others were eager to get at him.E. A. K. Hackett. owner of the Ft. Wayne Sentinel, was In the car with these multi-millionaires. Mr. Hackett is not a millionaire, but he could buy a red balloon and not miss the money, although he arrived in Indiana some years ago with only a paper collar and a determination“Don't start that peanut stand. he said to do something.to the newspaper man. Buy a countrynewspaper in Indiana. 'Tend to it and keep Its tone high. You won't make a million doiiars out of it, but you will have an ideal life and live like a king.»•