FOREARMED AGAINST PANIC
The lieutenants returned, and the name of Armour was strained to its utmost limit. When all had been borrowed, the financial flurry suddenly loomed up, but it did not worry the great packer. In his vaults were $8,000,000 in gold. All who had loaned him at interest then hurried to his doors, fearing that he also was imperiled. They found him supplied with ready money, and able to compel them to wait until the stipulated time of payment, or to force them to abandon their claims of interest for their money, and so tide him over the unhappy period. It was a master stroke, and made the name of the great packer a power in the world of finance.
SOME SECRETS OF SUCCESS
“Do you consider your financial decisions which you make quickly to be brilliant intuitions?” I asked.
“I never did anything worth doing by accident, nor did anything I have come that way. No, I never decide anything without knowing the conditions of the market, and never begin unless satisfied concerning the conclusion.”
“Not everyone could do that,” I said.
“I cannot do everything. Every man can do something, and there is plenty to do,—never more than now. The problems to be solved are greater now than ever before. Never was there more need of able men. I am looking for trained men all the time. More money is being offered for them everywhere than formerly.”
“Do you consider that happiness consists in labor alone?”
“It consists in doing something for others. If you give the world better material, better measure, better opportunities for living respectably, there is happiness in that. You cannot give the world anything without labor, and there is no satisfaction in anything but such labor as looks toward doing this, and does it.”