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Show TWO MILLIONS ABOUT ENOUGH jWall Street Broker Gives His Biisiess to Employes as Gift By ED VP H I III I H!l NEW YORK. Jan. 21. Is $2,000.- 000 enough for on" person to have? 1 If you had made $2,000,000 would j yon quit work ? I "The answer ts yes, to both nues- itlons," says John Ron?. J Borg Is (he Wall street broker who has just surprised Wall street by glv-Inp glv-Inp his business to his employes au a I gift. ! Me Is only 40. "When he was 16 he 'slui ted u u messenger boy at $4 a week and he made his fortune In the Investment brokerage business. "No, 1 didn't make cno big lucky killing," Borg said. "I made my money by plugging. Now I've got my pile and I'm going to quit. Three of my employes, including in-cluding a nephew and S brother who has been associated with me for some XearS, nre taking over the business. REASONS FOB Ql l l'i INC "Yes, I've made a present of the business to them! I'm retaining a tcm-pojrary tcm-pojrary interesL Unfortunately I can't JUSt pick up my hat and walk out and foigft the whole thing. I've Kol to get out slowly It will probably prob-ably will bo several years before I've pulled out entirely "Why am I quitting? Well, for two reasons. One Is that I've got a hobby. hob-by. The other is that I've got all the money I need. i ".Money Is a good thing to have But It makes you work harder and bur- jdens you with more responsibility The tn re money I've mado the more new interests I've acquired. It has meant more and more work, keeping the nose to the grindstone. "So I' getting out and letting the other fellows mak their pile. I'm giving them the business because they've earned it, and I haven't any further use for It myself. "No, I don't say that every business man who makes his pile ought to hand his business over to his employes. That i for a nuin to deelde himself. "I'm quitting so I can play. Piling up money doesn't do you any good Vuil ;in unly eat three nquare meals a day .nd dissipation Isn't any good it Just gives you a headache I in fcoing to play With my hobby a newspaper. I'm not a newspaper man. But I've got my ideas about a newspaper. I think it ought to servo the community. My newspaper It making mak-ing some money, hut with mo profit Is a secondary consideration " Borg. who lives in Hackensack, N. J, owns the Bergen Evening Ilecord. I He bought It a year and a half ago. t 925,000 s Hi f. UR8HIP Recently he endowed a $25,000 'scholarship fund for the benefit of graduates of the high school of Union Hill, N. J . Where he graduated In 1 897. Each year one Union HIM boy is sent, tuition and all expenses free, to I'.ntgers university. "1 had to go to work when T got out Of high school," Borg said. "I missed miss-ed a college education. A boy ought to havo one. The boy who gets the scholarship must give a moral pledge that within ten years after graduation he'll give to somo boy tho sme opportunity oppor-tunity h enjoyed. Thus It will work out as an end Ices chain of encouragement." encourage-ment." Borg looks under 40. lie haa gray eyes, cloae-clipped light hair, wears Glasses und llkeu cigars, lie is mar-ried mar-ried and has two children. Those who have been presented with partnerships in the newly organized firm of Borg Bros. & Co.r are Ch uies EL Borg. a brother, John II Borg, a nephew; William Gllmour Jr., cashier, cash-ier, and Charles W Haldenwang, telephone tel-ephone clerk. |