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Francis C Waid.

Twin souvenir of Francis C. Waid : comprising his First, Second, and Third souvenirs online

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There are many to whom death has no terrors, and " our
piety must be weak and imperfect if it do not conquer
our fear of death."

Last Saturday (December 28) after attending to busi-
ness in Meadville, I stayed over night with my relative,
with whom and with other friends in the city I remained
until Monday evening following. On Sunday forenoon,
as I was walking up South Main Street, I stepped into
St. Agatha's Church (Catholic), and in the afternoon I
attended the Y. M. C. A. meeting, where I was kindly
received, and at the close of the services asked to address
the audience by Mr. Warner, the gentleman who con-
ducted the afternoon devotions. I will endeavor to give
the reader in brief, though substantially, what I said on
the occasion; I was glad to be present to enjoy the com-
pany of young men, and I spoke to them somewhat in
the following language: " One step nearer home or heaven.
Go where we will or where we may, we find some friend
to greet us on our way. The goodness of the Lord to me
all my life, and especially since my conversion in 1851,
has been great. How wonderfully His goodness and



293



mercy have been continued to me!" Many more things I
S^ave expression to, and at the close of my remarks T was
kindly thanked by the presiding officer.

In the evening I attended the Methodist Episcopal
Church, where I heard Dr. C. E. Hall, Avhom I have
loved ever since I first met him at my aunt Eliza Phil-
lips' funeral. His text for this evening, the last Sabbath
in the year 1889, was from Heb. viii: 13; Now that
ivhich decayeih and ivaxeih old is ready to vanish away.
He gave a review of the past year, and urged an examin-
ing of ourselves. Truly Time is more valuable than
Gold! How good it was for me to be there listening to
the words of encouragement that fell from the lips of
that warm-hearted Christian messenger of God!

At the close of the services my heart was made even
more glad when Brother Hall shook hands with me, say-
ing: "Brother Waid, you helped me;" my brief reply
to which was: "I appreciate ^/owr help." I gave but
little, a sort of widow's mite, yet, O how much I re-
ceived! I have no doubt the Lord abundantly blessed us
both; superfluous, then, to help each other.

On the following day, Monday, I sent two of my
friends, one a neighbor, the other a relative, each a re-
ceipt for a year's subscription to the Tribune, Weekly
Republican, as a Christmas or New Year's gift. Also
sent two relatives in Jamestown, N. Y., each the Pennsyl-
vania Farmer. At 2 p. M., same day, I attended the
funeral of David Compton, the services being held at the
Second Presbyterian Church. He was born in 1810, and
was a member of that church over fifty years. He lived
near Meadville, and I had known him nearly forty years,
being regarded by me as my father's and my own friend.



^:^iLszr



Care § Thrift on the Farm,



AN ESSAY.



He hccomefh poor ihai dealefJi tviih a slack hand : hut
ihe hand of the diligeni makeih rich. — Prov. x: 4.



296



CARE AND THRIFT ON THE FARM.



A mail's mdiire runs either to Jicrhs or weeds.

Bacon.

Much lias been written on tlie subject of care, thrift
and economy in the conducting of affairs, public or pri-
vate, political or military, civil, agricultural, commercial,
domestic, or any other. And of all these it may safely
be said that matters relating to the farm (to which all
other occupations are more or less subservient) have at
all times commanded the chief attention of writers on
economy.

None have been so much benefited by the intelligent
reading about and studying of the subject of care and
thrift on the farm as those who have practiced them in
their experience, and I do not think any one will attempt
to deny but what care and thrift are indispensable in the
conducting of a farm, or any other business, to success.
The absence of these essentials means certain downfall
and poverty, but where care, thrift, prudence, industry
and economy are observed in the carrying on of agricult-
ural pursuits, there you will find the best and most suc-
cessful farmer.

When I wrote tlie article on " Farm Economy," which
appears in my first SouVENlE, I had neither traveled as
far nor lived as long as I can say of myself now; so, of
course, I had not my present experience to strengthen
my several arguments. Webster, in his unabridged dic-
tionary, gives the following as the synonyms of care:



297

Arixiefy, solicitude, concern, caution, regard, management,
direction, oversight; and the following as the synonyms
of THRIFT : Frugcdiiy, economy, prosperity, gain, profit.
Now any one of these synonyms, carefully analyzed and
intelligibly interpreted, is an essay in itself; and in no
occupation of life are they more appropriate or applicable
to than farming. But I do not wish to prove the adapta-
tion so much as to impress on the mind of the agricultur-
ist, be he young or old, the necessity of observing in every
condition of farm management care and thrift. Of all
the synonyms above given economy appears to me to be
the most potent. It is something that, if duly regarded,
is sure. I have never known it to fail in its workings
during my own life. My father taught me to practice it
more than fifty years ago on the same farm I am now liv-
ing'on, and I have to say that, as a part of my capital or
"stock in trade," if I may so constitute it, economy has
repaid me better than anything else I have used or exer-
cised on the farm. If it had not been good for a boy,
my father would never have given me such lessons in
economy as he did, or trained me so thoroughly in its
school. I am even at the present day trying to honor his
precious memory for the advantages I have gained by
care and thrift or economy on my farm, in accumulating
property. Very much would have been lost to me had I
not learned to save as well as to earn.

Industry is good on a farm, but without economy it
is labor lost. Then, again, thrift and industry, like peace
and harmony, should uniformly travel together as twin
sisters, for they help each other, and both favor prosper-
ity. The successful farmer has as much need to save a
dollar as to earn one; and sometimes he can do it far
easier by just attending to a certain piece of work at
the proper time, or by doing a simple " chore," such as

19



298

putting a tool under cover. There are very many ways,
by the exercise of thrift or economy, that a farmer can
save money than by reading an advertisement or speculat-
ing in some trade. Method is a powerful factor in the
carrying on of a farm on economical principles. Time is
money, and Goethe tells us that " method will teach you
to win time." Says Talleyrand: "Method is the master
of masters."

The farm ought never to be neglected, and as soon as
we despise method, management, thrift and economy, we
at once open the waste gates, which will assuredly lead
to want and ruin, poverty and shame. He that refuseth
instruction is not ivise. Farm economy, like charity,
should begin at home; it never becomes of age, therefore
it can be practiced during life. However, the habits of
economy mature, and as they ripen they yield a larger
increase in the products of the farm. It is not difficult
to tell where economy lives. The observing man,
whether he travels or remains at home, is able to say
who saves or who wastes. When looking over the farms.
East or West, Avhere I have been, I confess I have been
completely surprised at seeing the amount of waste per-
mitted just through lack of proper economy, waste of
produce, lack of order or method, want of housing tools
and keeping machinery under cover, for the means to
purchase which the farmer has toiled many a wearisome
day. Some one, perhaps, asks me what he is to do, and
my prompt reply is simply this: Take care of your im-
plements when used.

Solomon in Proverbs xxxi: 11-12, says of a virtu-
ous woman: The heart of her husband doth safely trust
in her, so that he shall have no need of spoil. She ivill do
him good, and 7iot evil, all the days of her life. There is
one thing I like better than economy, and that is the



299

Scriptures. They teach us farmers both economy and
the way to Heaven, while economy teaches us merely
how to conduct a farm to success. How my heart trusted
in my wife, Eliza, and how much she did all the days of
her life! So of the farmer, or any one else who practices
economy, it will do him good as long as he lives; and
often are children blessed by being left an inheritance by
such a man. Does not the old maxim, " Waste not, want
not," teach us economy and thrift? I wonder why we do
not put in our lives more Bible economy; that is as essen-
tial on the farm as anywhere else. The Bible teaches it
in the highest degree in a two-fold sense, or the good
Master would not have required of his disciples that they
should gather up the fragments after the five thousand
had been fed, so that nothing should be lost. And we
are told that a sparrow does not fall to the ground with-
out His notice, and that the very hairs of our heads are
numbered. But you ask: "What of this?" Well, we
are counseled to be like Him ; not like Him in the things
we can not do, bat in those things we can do. The
proper interpretation of temporal blessings will lead us to
the spiritual, which is the duty of every man. So God's
economy is two-fold, and if we will not regard it in tem-
poral affairs, how shall we understand or obey Him in
the higher sense. Unless we are like David, and in our
hearts say, O that men ivould praise the Lord for His
goodness, and for His iconderful icorks to the children of
men, we will never be able to appreciate all His blessings.
David understood the highest economy when he said:
His praise shall be continually in my mouth. We can
"get there" by doing His will. David was a shepherd
boy, and knew much of farm life.

Economy is one of the most essential things connected
with farm life. It consists not only in saving all the



300

products of the farm, its income, but also in requiring a
wise control of its expenses. Many farmers earn and
raise much, but spend within the year more than their
income from the farm comes to, which course, if contin-
ued in, is an indication of very poor economy, or rather a
total lack of thrift. Buy only the tools and machinery
used on a farm, asking yourself first if you really used
this or that article, before purchasing. "Will it pay?
Can I afford it? Can't I get along without it until I am
better able to buy?" etc. Here is a good place to bring
in the word " Can't;" sometimes we get discouraged and
use the word too often, and where we ought not to let it
even enter our thoughts. It pays or it is economy for
farmers to buy machinery for farm use, when they have
sufficient employment for such machinery to justify the
outlay or make it an object. But should he have no
profitable use for it, he had better try to get along with-
out it, until he is sure it will pay him to have it. His
neighbor or some one else may have more tools and ma-
chinery and things convenient about him, but that is no
reason why he should go to the, for the present, unnec-
essary expense of buying machinery or tools, or such like.
The farmer should buy them because he needs them and
has work enough to make them pay, and not because his
neighbor, who may be better off in all respects, has them.
Until such an investment is safe, it is economy to wait.
Some have said: " When you do buy, and have not the
funds to pay ' spot cash,' it is better to borrow tlie money
and pay for them than to get the goods on credit," This
is a difficult question to decide. I would like to help
you, brother farmer, for my advice is free, and I am here
to do good. If anyone can profit by my experience, I
cheerfully give it. It depends a good deal, however,
whether you can buy the implements or tools cheap



301

enough to make it an object to you or not. If you can
buy ten per cent less for cash than for credit, and you
can borrow cash at six per cent, you had better borrow
the money. But there is yet a safer and better way than
either of those I have just mentioned. Economy leads
to this good way, and I discovered it early in life. I
learned it in the Bible, Eomans xiii: 8; Owe no man
anyihing, but to love one another: for he that loveth
another hath fulfilled the law. Again, are we not taught
that he who is in debt is a slave? What better maxims
have we than those old-time ones: " Out of debt," "out
of bad company" and "out of jail" — a free man! Now
economy helps the poor man, and I marvel not that it
had its origin from Above, that the good Teacher taught
it, and that it is a blessing to mankind. I have a feeling
akin to pity for those who do not love and practice econ-
omy. I know how much it has helped me, and how
much it can help others. I feel like trying, as I have al-
ready said, to help my fellow-men, and I wish just now
that I could say something on this subject that would bene-
fit you my fellow farmer. Perhaps few men have worked
more faithfully and with greater pleasure to practice
farm economy, and keep out of debt, than I have. At
the same time I have no doubt that there are many farm-
ers (who have failed to observe the rules of economy)
who have worked harder to get out of debt than I have
to keep from getting into debt.

Young man, just beginning life, whoever you may be
and in whatever occupation, beware of going into debt.
Take the advice of those who have made farming a suc-
cess. Don't live an aimless life; have some object in
your vocation. Let wisdom, thrift, economy and justice
guide you in the afPairs of every-day life; and that may
you here, in this world, share greater blessings than I do,



302



and that you may have an eternal life in the future is
the earnest prayer of

Your sincere friend,

Francis C. Waid.

Blooming Valley, [

Crawford County, Penn. \
November 15, 1889.




Money, A Defense,



A TREATISE.



Render therefore to all their dues : tribute to whom
tribute is due; custom to ivhom custom. — Eomans xiii: 7.



305



MONEY, A DEFENSE.



For wisdom is a defense, and money is a defense:
hid the excellency of knowledge is, that wisdom giveth
life to them that have it. — Eccl. vii: 12.

Believe not them much that seem to desjJise riches,
for they despise them tJicd despair of them.

Bacon.

Thirty -five years' experience have taught me not a
little in money matters — earning, saving, loaning, etc.,
as well as care and thrift on the farm. If I had not
combined economy with industry on the farm, and taken
care of it, the farm would never have given us a living,
let alone a profit. By my taking care of the farm, it
has taken care of me, besides yielding a profit every
year, so it can be very readily understood what farming
will do, and what it has done for me. When asked the
question if farming will pay, my answer is simply: " Yes,
it pays to farm." This is one of the reasons I love my
chosen vocation so well.

But I fear I am digressing from my subject, "Money,
a Defense,"' a title suggested to me by the words of Sol-
omon which I have selected as one of the proems to my
subject. But before giving my pen further latitude, I
wish to give the Lord credit in this connection, as well as
for anything else He has done for me. The Bible is (or



306

should be ) a sine qua non in every occupation of life, and
I would choose none in which I could not daily consult
it as my text book. Among the manifold things taught
in Holy Writ is that money is a defense, and the reader
will derive both pleasure and profit by turning to the
eleventh and twelfth verses of the seventh chapter of the
Book of Ecclesiastes : Wisdom is good with an inheritance;
and by it there is profit to them that see the sun. For
tcisdom is a defense, and money is a defense: hut the ex-
cellency of knowledge is, that irnsdom giveth life to them
that have it.

It is this "defense" I more particularly desire to
draw the reader's attention to, although there is some-
thing better in the latter part of the verse, money is a
DEFENSE. Will the reader tell me of anyone living who
does not want money, or who will refuse it if he can come
honestly by it ? Is it any wonder I should want money ?
I wanted it, you may be sure, or I would not have sought
after it. To anyone's mind this must be as evident as to
my own ; but, dear reader, allow me tell you what else I
wanted with it, a something I have prayed for^ — the fear
of the Lord, for it is "the beginning of wisdom," And
in getting this money, or " defense," I required better
security than what my fellow-man could give. I found
it in trusting in the Lord, and with David I may
say: The Lord is 7ny defense, of whom shall I be afraid'^
Well, at that time I felt another want, and that was to do
GOOD, with not only money but with whatever the Lord
might be pleased to give me. This good desire, this
sincere wish, so deeply implanted in my heart, I have
cherished and fondly cultivated (I humbly trust in the
name of the Lord) until noAv. And it is one of the up-
permost thoughts in my mind how. Oh Lord, I may but
please Thee with the remainder of my life, and Avhat Thou



307

hast given me. There are people who never reason on
what they sJioidd do, but on what they have done. Of
that class I do not desire to be a member; and perhaps I
can in no better way summarize my wishes, my prayers,
than by simply saying I want to do His will, keep life,
friends, property and all else on the altar consecrated to
Him, and at his disposal.

Now, my dear reader, if this is a digression from my
subject, it is one, you will allow, in the right direction,
for I wish to tell you that I gave my heart to the Lord
before I ever owned a dollar in money ; and what I now
call mine belongs to Him. It has been said that " lowli-
ness is young ambition's ladder," an adage equally appli-
cable to trusting in the Lord. A minor is subject to his
parents in all respects, and whatever he may own is sub-
ject to their disposal according to law. So I am trusting
all in the hands of my Heavenly Father, at the same
time seeking diligently to do what I consider my part or
duty as a child of His.

Neither in money loaning nor in any other of my
business affairs have I ever had to force a collection by
law in order to get my due. It is a satisfaction for me
to know that my customers (and I here refer to myself
as a "money loaner"), during my thirty-five years ex-
perience in money loaning, have, with but few exceptions,
dealt honorably and fairly with me. And this Avitli pleas-
ure I say to their credit, knowing that it is a compliment
they well merit.

My first SouvENiE, at page 103, tells of the first
money, $50, how and to whom loaned by me in 1854.
From that beginning (and it was the first money I
earned after I became of age) money lending by me has
been going on and increasing year by year, like my farm-
ing, till the present time. Now, if I speak of these mat-



308

ters in somewhat plain terms, I hope I am not subjecting
myself to the charge of being boastful or pretentious, for
in truth, my intention or motive is the very antithesis, the
aim I have being to do good io others. The experience
of anyone is worth something to the world, if it be ever
so limited. Men may dispute our word or question our
honor, but they can not " go back " on our lives. Our
several acts are like so many bricks or stones in a build-
ing; they are there to remain, and posterity will review
our lives and discuss our character after we are gone, and
mayhap in no very charitable mood. " Men's evil man-
ners live in brass, their virtues we write in water, " says
England's greatest poet. " It is human to err," but I
believe if it were possible for a man to be laid in the
grave absolutely faultless and without sin, there would
spring up from among the living some one to say of his
departed brother that he had not virtue enough to be
capable of committing sin !

But this is not all. Allow me to tell you what I think
character is like. You have given some one advice; now
that advice you have given away, yet still retain it. Tt
is not like a dollar that passes from one hand to another.
But character is something you can not part with in this
world — it will accompany you into the next.



" If you do not wish to become poor quickly, do not hurry to be-
come rich."

Menander.

My assessment notice for 1889* reads in part as follows :
" Money at interest, $40,000." Now this sum of money
did not come into my possession in a single day, but has
taken nearly as many years as there are thousands of
dollars. I" consider it a blessing sent me by a kind
Providence in return — no, I would rather say loaned to

* It was left with me November 11, 1889.— F. C. Waid.



309

me — to do good with, in the same maimer as the talents
were given, as we read in Scripture. I realize accounta-
bility, and I know what on my own part it took to accu-
mulate this money, with the assistance of a life partner
and kind children. Years of patient toil, steady industry
and persevering effort on our part, with a judiciovis exer-
cise of economy have brought about this condition of
comfortable affluence. With what pleasure I look back
on those years! What pleasant retrospective thoughts
come to me of the happy days we had! How strong the
family ties that held us together so long to work in peace-
ful harmony for one another!

The amount of money I have out on loan stands at
present (November 18, 1889) as follows: In Kansas,
$3,000; in New York State, $12,000; in Pennsylvania
$25,000; of which sum $5,000 yet remain in Crawford
County bonds. The largest sum loaned by me to any one
party is $10,000. As many persons already know my
method of loaning, there will be no harm in here saying
a few words on the subject. I have very seldom loaned to
strangers, as my comparative limited means have always
found a home market, which I prefer. Yet I do not
think I ever lost any money by loaning to an unknown
person ; and this is more than I can say of some of those
with whom I was acquainted, who have borrowed money
of me. But I have this consolation, ouly a very little of
the money I have loaned out has not been repaid by the
borrower. As I have always done business on my own
individual credit, and began poor, standing at the foot of
the ladder which I wished to climb with the knowledge
that "a man must stand erect, not be kept erect by
others, " so I learned to help myself, to become independ-
ent, and to know how to earn a dollar before using it,
which I have found to be a good method. I recommend



310

it to others, and especially to the young man anxious to
make a fortune. The way to " paddle your own canoe" in
the direction of fortune's El Dorado is to make your way,
foot by foot, sure, as far as you do go ; and if you do not
find yourself a Croesus, you may at least become well off.
You will have attained the object of your search as far
as you did go, and you need never retreat in order to
begin again; you have saved yourself the mortification of
having to navigate yourself a second time along the
troubled stream of experience.

T do not remember of ever selling a note or obliga-
tion. I always collect my own notes, whereby I save the
percentage, and I find it gives better satisfaction to my
customers, and , often prevents trouble. I usually loan
money for six months or one year at a time, as may best
suit parties, with the understanding that time be extended,
if so desired by my client or clients, on giving me notice
before such obligation falls due, and paying the interest
when due.

In money loaning, as in other business relationships,
one has many opportunities to confer favors, or be indul-
gent, and is often asked to do so. While, of course, we
can not afford to grant all the favors asked of us, yet it is
only proper that some consideration should be given to
such requests. It is to our interest to grant favors in
many cases when we can.

My experience, not only in money loaning, but also in
all the affairs in which I have been engaged in my life-
time, has taught me this. But aside from our interest,
financially, the doing of a kind act of indulgence brings
a pleasure into our life which we might not otherwise
enjoy. Therefore let us do as many kind acts as we can,
and remember the time-honored maxim, " To be good is to
be happy."



311

I prefer a client to give his own security, if he can,
than to have a third party bail him. In fact I think it
better and healthier for all parties concerned in the long



Online LibraryFrancis C WaidTwin souvenir of Francis C. Waid : comprising his First, Second, and Third souvenirs → online text (page 33 of 60)