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the university of hard knocks(嶷似寄僥)-及14何蛍

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     I had   in that drawer   my ;Everglade;   farm。 Did   you   ever hear   of   the 

;Everglades;�拭  �I   have   an   alligator   ranch   there。   It   is   below   the   frost´line�察�

also below the water´line。 I will sell it by the gallon。 



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     I had also a bale of mining stock。 I had stock in gold mines and silver 

mines。   Nobody   knows   how   much   mining   stock   I   have   owned。   Nobody 

could know while I kept that drawer shut。 As I looked over my gold and 

silver   mine   stock�察  �I   often   noticed   that   it   was   printed   in   green。   I   used   to 

wonder      why     they   printed    it  in  greenwonder       if  they   wanted     it  to 

harmonize   with   me� �And   I   would   realize   I   had   so   much   to   live   forthe 

dividends。 I have been so near the dividends I could smell them。 Only one 

more assessment�察�then we will cut the melon� �I have heard that all my life 

and never got a piece of the rind。 



                                 Getting ;Selected; 



       Why   go   farther�拭  �I   am   not   half   done   confessing。   Each   bump   only 

increased my faith that the next ship would be mine。 Good�察�honest�察�retired 

ministers     would     come     periodically    and    sell  me   stock    in  some     new 

enterprise that had millions in itin its prospectus。 I would buy because I 

knew the minister was honest and believed in it。 He was selling it on his 

reputation。 Favorite dodge of the promoter to get the ministers to sell his 

shares。 

     I   was   also   greatly  interested   in   companies   where   I   put   in   one   dollar 

and got back a dollar or two of bonds and a dollar or two of stock。 That 

was doubling and trebling my money over night。 An old banker once said 

to me�察 �Why don't you invest in something that will pay you five or six per 

cent。 and get it�拭─�

     I pitied his lack of vision。 Bankers were such ;tightwads。; They had no 

imagination�   �Nothing   interested   me   that   did   not   offer   fifty  or   a   hundred 

per cent。then。 Give me the five per cent。 now� �

     By the time I was thirty´four I was a rich man in worthless paper。 It 

would have been better for me if I had thrown about all my savings into 

the bottom of the sea。 

     Then I got a confidential letter from a friend of our family I had never 

met。 His name was Thomas A。 Cleage�察�and he was in the Rialto Building�察�



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St。 Louis�察�Missouri。 He wrote me in extreme confidence�察 �You have been 

selected。; 

     Were you ever selected�拭�If you were�察�then you know the thrill that rent 

my   manly  bosom  as   I   read that letter   from  this   man   who   said he   was   a 

friend of our family。 ;You have been selected because you are a prominent 

citizen and have a   large influence in your   community。 You are a   natural 

leader and everybody looks up to you。; 

     He knew me� �He was the only man who did know me。 So I took the 

cork clear under。 

     ;Because of your tremendous influence you have been selected to go 

in with us in the inner circle and get a thousand per cent。 dividends。; 

     Did you get that�拭�I hope you did。 I did not� �But I took a night train for 

St。 Louis。 I was afraid somebody might beat me there if I waited till next 

day。 I sat up all night in a day coach to save money for Tom�察�the friend of 

our family。  But I   see now  I need not have hurried   so。 They  would   have 

waited   a    month    with   the  sheep´shears      ready。  Lambie�察    �lambie�察   �lambie�察�

come to St。 Louis� �

     I   don't   get   any   sympathy   from   this   crowd。   You   laugh   at   me。   You 

respect not my feelings。 I am not going to tell you a thing that happened in 

St。 Louis。 It is none of your business� �

     O�察�I am so glad I went to St。 Louis。 Being naturally bright�察�I could not 

learn it at home�察�back in Ohio。 I had to go clear down to St。 Louis to Tom 

Cleage's   bucket´shop   and   pay   him   eleven   hundred   dollars   to   corner   the 

wheat market of the world。 That is all I paid him。 I could not borrow any 

more。 I joined what he called a ;pool。; I think it must have been a pool�察�

for I know I fell in and got soaked� �

     That   bump   set   me   to   thinking。   My   fever   began   to   reduce。   I   got   the 

thirty´third degree in financial suckerdom for only eleven hundred dollars。 

     I have always regarded Tom as one of my great school teachers。 I have 

always regarded the eleven hundred as the finest investment I had made up 

to that time�察�for I got the most out of it。 I do not feel hard toward goldbrick 

men and ;blue sky; venders。 I sometimes feel that we should endow them。 

How else can we save a sucker�拭�You cannot tell him anything�察�because he 



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is naturally bright and knows better。 You simply have to trim him till he 

bleeds。 



                                       I Am Cured 



        It  is  worth   eleven    hundred     dollars   every    day   to  know     that  one 

sentence�察�You   cannot   get   something   for   nothing。   Life   just   begins   to   get 

juicy when you know it。 Today when I open a newspaper and see a big ad�察�

;Grasp   a   Fortune   Now� ─  �I   will   not   do   it�   �I  stop   my   subscription   to   that 

paper。 I simply will not take a paper with that ad in it�察�for I have graduated 

from that class。 

     I   will   not   grasp   a   fortune   now。  Try   me�察  �I   dare   you�   �Bring   a   fortune 

right up on this platform and put it down there on the floor。 I will not grasp 

it。 Come away�察�it is a coffee´pot� �

     Today   when   somebody   offers   me   much   more   than   the   legal   rate   of 

interest I know he is no friend of our family。 

     If he offers me a hundred per cent。 I call for the police� �

     Today when I get a confidential letter that starts out�察 �You have been 

selected;     I  never    read   farther   than   the   word    ;selected。;    Meeting     is 

adjourned。 I select the waste´basket。 Here�察�get in there just as quick as you 

can。 I was selected� �

        O�察�Absalom�察�Absalom�察�my son�察�my son� �Learn it early in life。 The law 

of   compensation   is   never   suspended。 You   only  own   what   you   earn。 You 

can't get something for nothing。 If you do not learn it�察�you will have to be 

;selected。; There is no other way for you�察�because you are naturally bright。 

When you get a letter�察 �You have been selected to receive a thousand per 

cent。 dividends�察─�it means you have been selected to receive this bunch of 

blisters because you look like the biggest sucker on the local landscape。 

     The other night in a little town of perhaps a thousand�察�a banker took 

me up into his office after the lecture in which I had related some of the 

above   experiences。   ;The   audience laughed   with   you   and   thought   it   very 

funny�察─�said he。 ;I couldn't laugh。 It was too pathetic。 It was a picture of 



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what is going on in our own little community year after year。 I wish you 

could see what I have to see。 I wish you could see the thousands of hard´ 

earned   dollars   that   go   out   of   our   community   every   year   into   just   such 

wildcat   enterprises   as   you   described。   The   saddest   part   of   it   is   that   the 

money nearly always goes out of the pockets of the people who can least 

afford to lose it。; 

     Absalom�察      �wake    up�   �This   is  bargain    night   for   you。   I  paid   eleven 

hundred dollars to tell you this one thing�察�and you get it for a dollar or two。 

This is no cheap lecture。 It cost blood。 

     Learn     that  the   gambler     never    owns    his   winnings。     The   man    who 

accumulates by sharp practices or by undue profits never owns it。 Even the 

young person who has large fortune given him does not own it。 We only 

own what we have rendered definite service to bound。 The owning is in 

the understanding of values。 

     This is true physically�察�mentally�察�morally。 You only own what you have 

earned   and   stored   in   your   life�察  �not   merely   in   your   pocket�察  �stomach   or 

mind。 

     I   often   think   if   it   takes   me   thirty´four   years   to   begin   to   learn   one 

sentence�察�I see the need of an eternity。 

     To me that is one of the great arguments for eternal lifehow slowly I 

learn�察�and how much there is to learn。 It will take an eternity� �



                      Those Commencement Orations 



       The   young     person   says�察    �By   next   June    I  shall   have  finished    my 

education。;   Bless   them   all�   �They   will   have   put   another   string   on   their 

fiddle。 

     After   they  ;finish;   they  have   a   commencement�察  �not   an   end´ment�察  �as 

they think。 This is not to sneer�察�but to cheer。 Isn't it glorious that life is one 

infinite succession of commencements and promotions� �

     I love to attend commencements。 The stage is so beautifully decorated 

and the joy of youth is everywhere。 There is a row of geraniums along the 



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front of the stage and a big oleander on the side。 There is a long´whiskered 

rug in the middle。 The graduates sit in a semicircle upon the stage in their 

new patent leather。 I know how it hurts。 It is the first time they have worn 

it。 

     Then th

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