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Edgefield, Edgefield County, South Carolina
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An opinion piece from the United States Gazette critiques the folly of amassing wealth merely to die rich, noting it often curses heirs by spoiling them and leading to ruin. It advocates gradual distribution of property during life to witness its good use and derive true enjoyment from wealth.
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"An active business man is a rational man, and a blessing to the community. He keeps in gratifying exercise the talents which God has given him which, of itself, is a blessing to him. He gives employment to the hand of industry, which is a better than giving alms to the unemployed. These are the legitimate and rational end of active business pursuits and wealth getting - the gratification of the active powers and promotion of industry. - But their desire of growing rich merely to die rich is one of the most foolish intentions that ever entered the heart of foolish man. Experience has fully and emphatically taught the lesson, that much wealth left to heirs, is eight times out of ten, not a blessing but a curse. Its expectation beguiles and spoils all the manly powers, - its possession leads to misjudgment, and finally, exhaustion and ruin. The time will yet come, when men of wealth will be wise enough to make a gradual disposition of their property while living, - not prospective, but operative, - thereby having an eye to the use which is made of it, and participate in the greatest enjoyment that wealth is capable of giving, that of seeing it do good to others. They will dismiss the foolish aspiration of "dying rich," with the almost certain reflection that their heirs, sooner or later will die poor."
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Story Details
Critique of pursuing wealth only to die rich, as it typically curses heirs by spoiling their potential and leading to ruin; recommendation to distribute property gradually while alive to ensure beneficial use and personal satisfaction in seeing good done.