This is a method of association whereby a person joins a partnership, putting in a sum agreed on, and which he may stand to lose as an investment. He is entitled to a pro rata in the profits, but he cannot be held for the debts.
In some countries marriage is regarded as a civil contract or form of partnership, subject to dissolution by the courts.
CHAPTER XXII
INVESTMENTS
It is a remarkable fact that many men who have shown remarkable shrewdness in conducting a business in which a fortune may have been accumulated, exhibit the judgment of children when it comes to making investments.
There are able lawyers who have made fortunes in the practice of the profession which they understood, only to lose them by investments in mines or other ventures, about which they knew absolutely nothing but what was told them by the scheming speculator and smooth-tongued promoter.
As has been intimated before in these pages, there is a great difference between saving through and hoarding through a spirit of miserliness.
SAVINGS
Every wage or salary earner, no matter how small his compensation, should try to lay by something of that little as a provision against the unproductive days.
No matter how small the amount a man has set aside, after paying for life's necessities and meeting all just debts, he is to that extent a capitalist.