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Francis C Waid.

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and Territory in the Union, to encourage others in the
pursuit of farming. To save on a farm is worth as much
as to earn. The farmer who said to his sons, in a plen-
tiful harvest, '-gather it all for it Avill be needed," said
also, at another harvest, when the crops were short, '-save



98

it all, boys, and there will be enough.'" It is this kind of
economy that has carried many a farmer safely through
our long and severe winters, not only gathering all the
farm 2:)roduces but handling the same with his best judg-
ment in feeding his stock.

Some farmers think doing the little things on the
farm does not pay. You might as well say it is not neces-
sary for the clock to tick to tell the time of day, as to
think a man can make a success of farmino: and not orive
his attention to the smaller duties on his farm. I am of
the opinion of Horace Greeley when he said: "'We North-
ern farmers succeed best with a variety of crops, espe-
cially when on small farms.'' And I think many of the
Western farmers are profiting by similar advice. Who does
not know that when only one or two crops are raised on a
farm, and then comes a failure of either or both of them,
the farmer is left destitute ? But the man with six kinds
of crojjs would still have four left on Avhicli he could live.
While the production of hay is our special object we do
not forget the above advice. In fact I am indebted for
many useful thoughts about farming, gleaned from the
Kcic York Tribune.

We have raised buckwheat and seeded to timothy for
many years past and generally with good success. I wish
to record this rather remarkable instance. In 1880 we
sowed about eight acres to buckwheat, harvesting about
250 bushels. It was seeded to timothy and clover. A
small piece of this ground did not "catch'' Avitli grass
very well, Init the next season came up with a mixed crop
of timothy and buckwheat. There was probably half an
acre. It was harvested in July, 1881, and thrashed, yield-
ing thirteen bushels of buckwheat. We have grown a
medium crop of corn and beans together and thought it
paid to raise a mixed crop ; but it is not always best to try



99

to raise too many kinds of crops at the same time. Two
are enough, and one, well cared for, in my opinion, is bet-
ter than two. I have come to this conclusion after many
experiments in this direction.

One reason Avhy some farmers do not get along as well
as they desire may be that, while they save some of their
crops, they do not care equally alike for all, and while that
which is their favorite one is well saved, the one of less
importance, in their estimation, is not harvested in time,
or not well done, if harvested ; and here negligence or
poor economy "crops out"' to reprove us for inferior man-
agement on the farm.

Regularity and attention to business is just as essen-
tial to success on the farm as anywhere else. The time-
piece that is tardy loses time; the one that rujis too fast
gains time — neither indicates the hour correctly. So
with that kind of farming which runs to extremes or suf-
fers through neglect. Real business men are generally
found in their office or attending to their pursuits else-
where. Should a farmer think anything less of his
occupation? His favm is his office; his business is to cul-
tivate it and make it produce ; and the successful farmer
is generally in his ''office" or engaged on business.

Economy meets us at the door of industry to warn us
tt) save and take care of what we may have earned.

F. C. Waid.

January 12, 1886.



Treatise on Money Loaning



'B'YT IPIE^J^^TOIS G. 'WJ^TU.



He thai is surety for a stranger shall smart for it,
and he that Jiateth suretiship is sure. — Prov. xi: 15.



103



MONEY LOANING.



There (ire hiif firo irai/s of paijing debt: increase of
i)i(Jiisfrij ill raising income, and increase of ihrifi in Jaij-
iiKj Old. Carlyle.

I have concluded to tell my own story and give my
experience for what it is worth on this subject. Men of
more experience than myself may laugh at my puny ef-
fort, while those of less practice in the business may be
instructed. I began money-loaning early in life, even
before I commenced farming for myself. I did not begin
farming on my own account until 1858, but in 1851 money-
loaning with me had its origin. It was in this wise:
The day after I was married (April 23, 1851) I began
work on the farm for my father at ^15 per month, and
after I had earned $50 my father offered me my wages.
At that time, however, not thinking I needed the money
(as my better half, who was a seamstress, was supplying
our family with the necessaries of life by her occvipation ) ,
I told my father that I would rather he would keep it for
me until I needed it; I thought it safer with him than
with myself. Then, when he j^aid me, to my surjirise he
allowed me interest on it. So you see the first money I
ever earned, after I was of age, drew interest, and my
father considered it loaned. He believed in being just
before being: g-enerous ; but he indorsed both.

This transaction opened the door to another depart-
ment in my business life. Permit me here to offer one



104

other reason why I was led in this direction. In my
youth, when at scliool, in studying arithmetic, I was
pleased with compound numbers, the tables representing
Federal money. I loved to solve problems where interest
Avas counted. Notes bearing interest was something-
which attracted my attention probably more than anything
in mathematics. I had learned the old maxim of Dr.
Franklin — "Time is money." But T would say to my-
self, I understand this — any one can hire out and get
money for their time or labor, also buy and sell, and get
gain. But how is this ? If a person has money and lends
it so that it will earn him more money in return — that is
money makes money when loaned on time; and lie who
lias a dollar or more, and does not wisli to use it, and is
not afraid to trust his fellownian, can lend it Avhere it will
bring him something at the end of the year and benefit
both parties.

Yet to lend money a man requires faith and patience
the more of the latter the better. In speaking with a
friend on this point he said: "I wish I was like you, Mr.
Waid; having patience born in me." Said I, " I think
you had : the difference may be in the cultivation ; things
grow and mature with age. The germ might have been
planted, but without cultivation it would never mature_
Men are made; infants are born."

In loaning money the main object is to be "posted,"
and feel safe in the party whom you trust, or, in other
words, have good security. The rate of interest should
not be the first object sought, it is but second at best.
Take it for granted, when a person offers a very high rate
of interest, more than any one can afford, he is not the
one to whom to loan your money. In this line of busi-
ness a man not only wants to know when and how to say
"no" or "yes,"" as occasion may require, but to have the



105

eouracic to say it, with this motto, '•God Jtelping »ie."
No one need be ashamed of this motto who seeks truth
and justice. Let the Star of Bethlehem lead the way in
giving what we ought to say.

It is pleasant for us to remember the golden opportu-
nities offered to us, if we embrace them and make a
proper use of the same. Arriving at Jamestown, N. Y.,
Saturday evening, March 27, 1886, and spending the even-
ing in social chat with my relatives, Mr. F. Colts' family
and others, and remaining with them over night, I will
relate how I spent the Sabbath in Jamestown. On going
ttt Frank Simmons" (my cousin) Sunday morning, I ar-
rived in time to greet him quite early, just coming from
his night's repose. I said I had come to spend the day
with them. It was a rare opportunity for me to enjoy
such a privilege. He asked: '" Which church do you wish
to attend this morning?" "Any one you please," I re-
plied, " I have no choice, only to go with you. but I had
thought while I was in Jamestown I would like to hear
the Rev. G. W. Townsend, formerly pastor of the Meth-
odist Episcopal Church in Meadville, Penn., and who I
understand has indorsed a new theological doctrine, and
will discourse on that subject this evening." So Mr. Sim-
mons wisely decided, after thinking a moment, to go to
liis own church. He is a member of the Baptist Church.
On our way, which is only a short distance from his resi-
dence, we met at the corner of the street his sister, Mrs.
Clara Mosher, who was on her way to the Methodist Epis-
copal Church. Addressing her brother, she said: "You
do not want to take him up there to hear Mr. Harvey"
(the Baptist minister) ; '"better go where you can hear a
good sermon." Frank said: " That is where we are
going." And, without comment, we listened to a grand
sermon, text, James v: 19, 20: Byeihven, if any of you do



106

err from the iruilu and one convert him. let him knoir
that he which converteth the sinner from the error of his
(cay shall save a soul from death and shall hide a multi-
tude of sins. In the afternoon we attended the funeral of
Mr. Stillwell, a neighbor near by. aged about sixty-three^
and, as I understood, an old acquaintance of Mr. Sim-
mons. After the service at the house, we went a mile or
more to see a venerable man in his eightieth year, a Mr.
Hovey, who was considered lying at the point of death.
Mr. Simmons informed me of his long acquaintance and
friendship with Mr. Hovey, stating he had bought the lot
of Mr. Hovey on which he afterward built and now lives.
From there we went to Lake View Cemetery, and after
spending a brief hour looking over the city of dear ones
departed, we turned our steps homeward, and, being al-
ready admonished by the setting sun that our time would
be short to return home to Mr. Simmons, and then to at-
tend church and hear Mr. Townsend on the new theology,
we decided to take the nearest way to church, which we
did, arrived in time, and, with a large audience, listened
to a discourse from the noted Mr. Townsend, after which
we returned home to Mr. Simmons', thinking we had
from that day's opportunities the privilege of gathering
many good thoughts, which I trust may be useful to the
writer in the future. On my return home, I stopped off
at Ashville to visit my relative, Leander Simmons, whom
I had not seen since December, 1882. At that time my
wife and I had the pleasure of making them a visit. I
also called on Mr. Fayette Fleek, a young man engaged
in grocery and other mercantile business in Ashville. It
is with pleasure I refer to this. Mr. Fleek was reared on
a farm whicli joined ours, and it is not to be wondered at
why I am glad to know of his success in business. He is
an enterprising man.



107

A Christian should never be ashamed of the Bible, for
the best part of what we know comes from that source.
And f/tat ye simly io be quiet, and to do ijoitr own hiisi-
ness and to icort: trittt your oirn liaitdi^. 1 Thess. iv: 11.
The ability of a man is one thing, but his honor is quite an-
other. Some men have honor as well as ability; such men
you can safely trust. Then there are persons who have
honor and lack the ability. You can trust them, but if
they do not offer security, ask for it. And if they wish to
know why you ask security, tell them the law allows you
to fight in self-defense, and protection is what a man
needs. Now the individual who has ability and no honor
is the most difficult case to deal with. You can handle him
if you have him tied hand and foot (a tight knot), but he
is like a steer in the corn, which you wish to get out with-
out further trouble. You do not mind what little he has
eaten, but to get him out is the question: he won't be
coaxed, and as soon as you attempt to drive him he will
destroy all that comes in his way. So the man without
honor; he prides himself on his nobility or ability and is
willing to contend against you even if he be a loser
in the end. You will be glad when you get square with
him : the next time he wants you to loan him some funds
you will wonder if he has any honor yet; if so you can
trust him without security.

A person engaged in loaning money and who continues
long in the business will have a variety of customers to
deal with. A stranger, soon after the late war, came to
me one day bringing a recommendation from an honored
friend of mine (since deceased) and with following writ-
ten message: "This man who has just come into our com-
munity wants fifteen dollars for thirty days ; let him have
it, and if he does not pay the amount back I will." Did
you ever read a long novel'? Yes. Well, how did it



108

wind up? Oh! it was a success. But for a long time I
thought it would prove a failure. I was glad it was a
small amount. Yet it was one of those transactions that
brought joy twice — gladness when it was paid and the
bail relieved, for I would rather have lost the amount
than had my friend pay it. He find is siircf/j for a
st)'(in(/er shall sDiaii for if; (uid lie fliof luifcfli siircfishij)
is sure (Pro v. xi: 15. )

The Bible is a good book : the business man, like the
Christian, finds the safest rules to go by laid down there.
I have been asked to sign with some of my friends who
wanted to borrow money, and rather than go security for
them I would say: "I never went bail, excepting for only
two men, in my life ; one was on a bank note for only $35,
the other was on a note for .^500." The parties paid their
notes when due. But I have done this for my friends: I
have loaned them money even when I had to borrow it
for a short time to accommodate them rather than go
their security. I do not remember that I ever asked
a man to go my security; when I was not able to buy on
my own credit I thought I had better not buy, better wait
and recruit up a little.

Inde])endence is a good thing. History tells us how
our forefathers fought to gain the precious boon. We
have no less battle to fight if we would conquer ourselves
and be superior to the mighty. He ihni niJefli his spirif
(is hefier) than he fhof fakefh a ciiij ( Prov. xvi: 32.)
After having been engaged in loaning money over thirty-
one years, I am glad I am permitted to say it is not
the highest rates of interest that I have sought, but a
medium, and when I have been offered the higher rates
I have refused, believing the extremes even in money
lending are not right. They are dangerous anil should
be avoided through fear lest some one suffer thereby.



1(H»

I would not say it boastingly, but truthfully, that
(luring this long experience I have loaned not only small
amounts, but as much as $10,000 to a single individual,
and have never yet been compelled to force a collection by
law. I make this statement to show why I ought to be
thankful to the Parent of all good and also to the parties
whom I have tried to accommodate.

A little advice to the man who borrows as well as to
him who lends: Let the world be the better for our hav-
ing lived in it. If you can get along without borrowing,
whether it is money or something else, try and do it. The
hovrower is sen'ont to tJie lender. Prov. xxii: 7. If you
do not want to become a servant, keep out of debt, then
you need not borrow. Oire no man anything but io lore
one anofher — is a good motto. All men are not speculators.
If you have not an occupation you ought to have one, and
to earn a dollar is a better way than to borrow. If you
borrow pay day will come and the lender will want his
money with interest. If you earn it you know how you
came by it. And you will not have to pay it with interest
after you have used it. If other people have lived without
borrowing why cannot you ? Years ago, when building my
house, and several years afterward, when my father and I
bought some real estate in Meadville and built three
tenant houses thereon, some people wondered liow I could
get along so well without borrowing. But some one would
reply: "He only has a half interest in the property in
Meadville: besides I think his partner helps him." And
if I were to answer the question I would say: "Industry
and economy had provided the funds, and I was using
them instead of borrowing."' Count the cost, before you
build.

The Apostle Paul speaks of the Corinthians as being
(2 Cor. Ill: 2) known and read of all men. Who of us



no

has been long in any occupation without its being "known
and read of all men" ? Thirty -two years ago, when I en-
gaged with my father to work on the farm by the month,
I did not know I was sowing the seed that would pro-
duce the harvest it has brought. It is said I never
went across lots after a fortune. Time will brino- the
reward of well-doing and industry.

There are several names and ap})ellations by which
I have been known in my business relations before I was
called a ''Money loaner." Terms, such as " Wood dealer,"
before I was of age and after I was called " School teacher ;"
then, during my employment on my father's farm, "Com-
mon laborer," for four years; then I began farming for
myself, and in connection therewith operated a cider-mill
for twenty-eight years (when there was fruit) — hence
was termed '• Cider maker;" "Seller of farm produce of
various kinds " (the most noted product being hay, hence
"Hay merchant"), have been given me.

These are the various branches of business in connec-
tion with farming which have occupied my life. But the
golden thought in money loaning, as well as in all busi-
ness, is not fo forget Hie good Lord nor His cause. I
was reminded of this yesterday (May 2, 1886,) at Bloom-
ing Valley. After the pastor, William B. Trevey, had
delivered a short address to the children on the duty of
giving to the missionary cause, they raised $5 among
themselves, which sum I had the pleasure of making
$10. On a former occasion, when the older children were
raising some missionary funds in Blooming Valley, they
said I responded with $25, thereby, in my peculiar way,
doubling the amount already subscribed, or giving as
much as the society did. But then I do know it is good
for me to remember the Lord.

It is so seldom a farmer continues so constant in the



Ill

pursuit of his chosen occupation, I refer to it as an excep-
tion to the rule, not that I am deserving of more credit
than any one else, but He in whom I trust does, and to
His name the praise belongs.

Yes: they have called me a ''Bond holder" as well as
''Wood chopper," the latter epithet, I presume, because I
have done for a long period a large business in the wood
trade: and "Bond holder," because I held at one time a
few Government and county bonds. Perhaps some one
who may be toiling on the farm, with hopes of success,
would like to know what amount of bonds I ever had. If
my memory serves me right, I held at one time twenty-
one thousand dollars ($21, 000) in Crawford County
bonds, and about ten thousand dollars ($10,000) in Gov-
ernment bonds. At present I hold my integrity, and de-
desire to maintain the lot of the righteous."



To THE Youth of our Land,



BIT :Pi?.7^iNrois o. "w^^iiD.



Remeiuher noirfhy C)T((for in the dayfi of ihi) jjonih. —
Eccl., XII : 1.



115



ADDRESS TO THE YOUTH-



My object in Avriting the following few pages is to try
and benefit the Youth and all who may read the words of
one Avho has spent oyer fifty years in farm life and has
fully realized this great Truth — that life is not giyen us
in yain. And inasmuch as I haye been so wonderfully
blessed and cared for all my days by the Great Giyer of
all and by my parents and friends. I feel that I owe a
duty to humanity aiid posterity that I can pay, perhaps,
in no way so well at this. And by the blessing of God,
may I not hope for some good to be done"? How do I
know but that some word or thought may be useful to
others as they haye been to me ?

The youth who would learn must gather lessons of
instruction not only from his own experience but also from
the example of others, and. as I haye receiyed in this
way, permit me now. if I haye ueyer done so before, to
pay what I owe. There is something in the life of every
one by which you and I may be made the better if we will.
If it is bad, shun it ; if good, abide by it. Let me draw
from real life a little of my own experience when in
youth. About fourteen I read a book, the title of which
was '' On Giving." It spoke of a man who said when he
was a boy he would give to the Lord, or for charitable
purposes, a certain amount of all his income, whether
little or much. His parents were poor, '• but," said he,
'* I will begin now;'' and of all the pennies he received
he saved this special sum for charity. And he lived it



out not only in youth but in manhood, and when he was
fifty years o£ age he said the Lord had so wonderfully
blessed him in all his efforts to do good he had "fifty thou-
sand of which he was still steward." Well I wanted in
my boyhood, when I read this, to be like this man. I did
more than simply uxriif, I fried to imitate him in doing
good in this particular, yet not in the exact manner he
had pointed out, although it might have been better for me
if I had. But this I firmly believe, it was for me to have
had a pattern and to have worked by it. Do you wish to
know the result? My youthful heart was made better
from the time I made that resolution, and to-day I can-
not express to you the untold amount of happiness that
has come to me from the act of giving ; I can only give
utterance in the language of scripture — // is more
blessed fo give than fo receive. Well, ])ut you may still
be inquisitive and say "How is it financially?^' I
answer it is not only well, but the good Lord has so re-
membered his unworthy servant since that time that my
report, if I should make it, would be more favorable for
me than his was for him. The question I leave with you.
Will you go and do likewise? It pays to Rememher our
Crerdor in ilie daijs of our youfli. All of life is none too
much to ofive to Him, and then it is so much better for us
and all with whom we have to do. Whoever regretted
having been obedient to parents, and kind to everybody?
And, if this is true, why should we not seek the aid of
that Friend that sticketh closer than a brother and who
never leaveth nor forsaketh us?

Life is too valuable to be thrown aAvay. In youth we
lay the foundation for a useful and good life, or the op-
posite. How important it is then to us that we begin to
build upon the rock, instead of choosing the sand for the
foundation of our character. Remember, whatever be the



117

structure, it matters not how costly, if it is built upon a
sandy foundation it Avill suffer loss. So we who do not
regard the best advice given us, but run counter to it,
will find our loss very great. What youth at this age of
the world, in the evening of the nineteenth century, can
plead ignorance or a want of knowledge to do right ? Use
the light you liave and more shall be given. It is the
one deserving of good that finds it.

It is no vain thing for us to call upon the Lord for
help, for we are told in His word. He hearefh ns and
irill help us Iv fiiiic of need ; He iurneih none empiji
(lira// that ronie nnfo Him. In youth I began to call on
Him for help, and that which no earthly friend could do
for me He hath done. He has made life for me so
pleasant, peaceful and happy. I want you to ask Him to
help you, for he is no respecter of persons; in every land
he that worketh righteousness is accepted of Him.
While we cannot read all the past events of our lives, per-
mit me to recall this one on Saturday, April 22, ISo-t. It
had rained nearly all day and continued to rain during the
night, and when the morning came it was foggy and
looked quite unpleasant to me, then a young man just
twenty-one years old that Sunday morning, and expecting
to get married that very day (and did ). But the sun rose
as beautiful and lovely, and perhaps to me more so than
ever before, the fog was disj)elled, the road soon became
quite dry, and to me all seemed as merry as a marriage
bell.

That day to me meant something. It was one of the
days of my life to be remembered, and I never have for-
gotten it nor do I wish to. It was so fine a day I said:
"May this be an emblem of the journey of our lives.'' x\nd
to-day, when I look back and recall the pleasant memories
of the past, I am inclined to say after nearly thirty-two



118

years of married life have lied, it lias been somewhat like

that day. The fog which may represent the dark side of

life has been driven away by the joy we have shared.

One writer has said: "Life is what we make it."^



Online LibraryFrancis C WaidTwin souvenir of Francis C. Waid : comprising his First, Second, and Third souvenirs → online text (page 8 of 60)