sound. The business depression forced Mr. Insull to CHANGE HIS PLANS; and the
CHANGE brought "temporary defeat," because his new plans were NOT SOUND.
Mr. Insull is now an old man, he may, consequently, accept "failure" instead of
"temporary defeat," but if his experience turns out to be FAILURE, it will be for the
reason that he lacks the fire of PERSISTENCE to rebuild his plans.
No man is ever whipped, until he QUITS—in his own mind.This fact will be repeated many times, because it is so easy to "take the count" at
the first sign of defeat.
James J. Hill met with temporary defeat when he first endeavored to raise the
necessary capital to build a railroad from the East to the West, but he, too turned
defeat into victory through new plans.
Henry Ford met with temporary defeat, not only at the beginning of his
automobile career, but after he had gone far toward the top. He created new plans, and
went marching on to financial victory.
We see men who have accumulated great fortunes, but we often recognize
only their triumph, overlooking the temporary defeats which they had to surmount
before "arriving.