Page:Letters from a Self-Made Merchant to His Son.djvu/240

Rh When I sell futures on 'Change, they're against hogs that are traveling into dry salt at the rate of one a second, and if the market goes up on me I've got the solid meat to deliver. But, if you lose, the only part of the hog which you can deliver is the squeal.

I wouldn't bear down so hard on this matter if money was the only thing that a fellow could lose on 'Change. But if a clerk sells pork, and the market goes down, he's mighty apt to get a lot of ideas with holes in them and bad habits as the small change of his profits. And if the market goes up, he's likely to go short his self-respect to win back his money.

Most men think that they can figure up all their assets in dollars and cents, but a merchant may owe a hundred thousand dollars and be solvent. A man's got to lose more than money to be broke. When a fellow's got a straight backbone and a clear eye his creditors don't have to lie awake nights worrying over his liabilities. You