Frank W. Woolworth once told me that the turning-point in his career did not come until he was thrown flat on his back by illness. He was sure that his business would go to pieces during his long, enforced absence. Instead, he discovered that he had in his employ men who could overcome difficulties when given power to exercise initiative. After that Woolworth left many problems and difficulties to be solved by subordinates and turned his attention to big things.

Genius is often a short way of spelling hard work. Poverty, obscurity, struggle and ambition formed the foundation for many careers of transcendent achievement. Few marks are made in the world's history by eight-hour-day men.... Sir Joshua Reynolds had but one maxim for success: Work, work, work. Is not rigid and continuous training necessary for the making of strong athletes? Hard work is not fatal to real success. Vouloir c'est pouvoir.

If the United States is to produce a nation of investors-as we must if we are to gain financial world-leadership-it is imperative that boards of directors be so constituted as to adequately represent the interests and inspire the complete confidence of investors of moderate substance.

Cheerfulness is among the most laudable virtues. It gains you the good will and friendship of others. It blesses those who practice it and those upon whom it is bestowed.

Honesty pays dividends both in dollars and in peace of mind.

The most famous self-made man in the world today is our own Edison. Talk with Mr. Edison and he will tell you he owes much if not most of his success to omnivorous reading. Forbes is one of his favorite publications. How closely he reads it can be gathered from a letter just received from him in which he asks the editor to forward a long analytical letter to the writer of a series of articles which contained two figures Mr. Edison questions, and he wants to know exactly on what authority or investigation they were based. Both letters were the product of Mr. Edison and were signed by him.

That which is useless dies. Animals that fail to serve some useful purpose in the scheme of things slowly but surely become extinct. Let any part of the human body cease to perform its ordained function, and it withers-as when an arm is kept long in a sling. This same decree, that nothing useless is permitted to survive, runs through the mind of the industrial world.