Julius Rosenwald appears in a Fox Movietone at the metropolitan theatres, Mr. Rosenwald, speaking clearly and naturally from the screen, declares:
“It was Ingersoll who said: ‘I hate a stingy man.’ If you have only a dollar in the world and you have to spend it spend it like a king. I’d rather be a beggar and spend my money like a king than be a king and spend my money like a beggar. Most people believe that because a man has made a fortune his views on any subject are valuable. For my part I have always believed that most large fortunes are made by men of mediocre ability who tumbled into a lucky opportunity and could not help but get rich and in most cases others given the same chance would have done far better with it. Hard work and attention to business are necessary, but they rarely result in achieving a large fortune. Do not be fooled into believing that because a man is rich he is necessarily smart. There is ample proof to the contrary.”
The statement is made on the feature, preceding Mr. Rosenwald’s speech, that his wealth is estimated to be $400,000,000.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.