An American Promise

Charles Peter Carruthers, a native of Dumfries, Scotland, launched and managed the San Francisco office of Price Waterhouse almost a century ago.  He left to his heirs the following “10 Points” of good government and fiscal responsibility: 

1. You cannot bring about prosperity by discouraging thrift.
2. You cannot strengthen the weak by weakening the strong.
3. You cannot help small men by tearing down big men.
4. You cannot help the poor by destroying the rich.
5. You cannot lift the wage earner by pulling down the wage payer.
6. You cannot keep out of trouble by spending more than your income.
7. You cannot further the brotherhood of man by inciting class hatred.
8. You cannot establish sound security on borrowed money.
9. You cannot build character and courage by taking away man’s initiative and independence.
10. You cannot help men permanently by doing for them what they could and should do for themselves.

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