Creating Capital: Money-Making As An Aim in Business

 
9781481870399: Creating Capital: Money-Making As An Aim in Business
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An essay on the moral values of thrift.

This is a broad discussion of money-making in its moral aspects, an examination of its prevalence as an aim among people generally and the moral standards which obtain among those who consciously seek to make money. The author considers the vices and the virtues which may be involved and argues that every woman and man ought to try to make money in such measure as they can, always holding to high ethical principles and devoting their energies more directly to rendering good service than to seeking immediate profits.

“Sane and prudent....can be commended for its clear and timely advocacy of thrift under circumstances when the creation of new capital to replace that destroyed by war is of pressing importance.” -The South Atlantic Quarterly, Volume 17, 1918

“Apart from those who are in charge of business enterprise, the burden of providing for man's welfare and development is assumed by very few, the vast majority, whether in professional or business employment, treating it with neglect and contempt. They think, perhaps, that they are aiming at higher things, or that their efforts would not sufficiently count, or they do not give the matter any sturdy thought; while the underlying motive, often unconscious, is simply an unwillingness to practice self-restraint. It is self-indulgence, we must conclude, that is to be overcome if we are to meet this responsibility in a manly way, visualizing it with sufficient clearness to see that thrift, the creation of capital for one's self and for the race, comes into no necessary conflict with any other proper aim in life, but on the contrary constitutes a fundamental duty to society, to the state, to one's family, to his own future, to his self-respect. The object of this book is to discuss money making; to examine its prevalence as an aim among people generally and the moral standards that obtain among those who consciously seek to make money. The desire to make money is common to most men. Stronger or weaker, in some degree it is present in the mind of nearly every one. Now, how far does this desire grow to be an aim or object in our lives, and to what extent is such an aim a worthy one? The typical money maker as commonly pictured in our imagination is a narrow, grasping, selfish individual who has chosen to follow lower rather than higher ideals and who often is tempted, and always may be tempted, to employ illegitimate means for the attainment of his ends. The aims he has adopted are made to stand in opposition to the practice of certain virtues. Thus we contrast profits and patriotism; enriching one's self and philanthropy.”

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About the Author:

An esteemed American banking executive, Frederick L. Lipman was president of the Wells Fargo Bank & Union Trust Company in San Francisco and was recognized as one of the most knowledgeable individuals in economic matters in the state of California.

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Frederick L. Lipman
Published by CreateSpace Independent Publishing Platform (2013)
ISBN 10: 1481870394 ISBN 13: 9781481870399
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