Don’t ask AYN RAND for twenty five bucks!!

In 1949, a 17-year-old girl named Connie Papurt wanted to buy a dress but needed $25. So, she asked to borrow the money from a relative ……….. Ayn Rand.

Here is Ayn’s actual response. It has some terrific financial advice for utes, and nice economic principles for a nation.  But, at the end of the day, I think Ayn was One Tight Broad. heh heh

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May 22, 1949

Dear Connie:

You are very young, so I don’t know whether you realize the seriousness of your action in writing to me for money. Since I don’t know you at all, I am going to put you to a test.

If you really want to borrow $25 from me, I will take a chance on finding out what kind of person you are. You want to borrow the money until your graduation. I will do better than that. I will make it easier for you to repay the debt, but on condition that you understand and accept it as a strict and serious business deal. Before you borrow it, I want you to think it over very carefully.

Here are my conditions: If I send you the $25, I will give you a year to repay it. I will give you six months after your graduation to get settled in a job. Then, you will start repaying the money in installments: you will send me $5 on January 15, 1950, and $4 on the 15th of every month after that; the last installment will be on June 15, 1950—and that will repay the total.

Are you willing to do it?

Here is what I want you to think over: Once you get a job, there will always be many things which you will need and on which you might prefer to spend your money, rather than repay a debt. I want you to decide now, in advance, as an honest and responsible person, whether you will be willing and able to repay this money, no matter what happens, as an obligation above and ahead of any other expense.

I want you to understand right now that I will not accept any excuse—except a serious illness. If you become ill, then I will give you an extension of time—but for no other reason. If, when the debt becomes due, you tell me that you can’t pay me because you needed a new pair of shoes or a new coat or you gave the money to somebody in the family who needed it more than I do—then I will consider you as an embezzler. No, I won’t send a policeman after you, but I will write you off as a rotten person and I will never speak or write to you again.

Now I will tell you why I am so serious and severe about this. I despise irresponsible people. I don’t want to deal with them or help them in any way. An irresponsible person is a person who makes vague promises, then breaks his word, blames it on circumstances and expects other people to forgive it. A responsible person does not make a promise without thinking of all the consequences and being prepared to meet them.

You want $25 for the purpose of buying a dress; you tell me that you will get a job and be able to repay me. That’s fine and I am willing to help you, if that is exactly what you mean. But if what you mean is: give me the money now and I will repay it if I don’t change my mind about it—then the deal is off. If I keep my part of the deal, you must keep yours, just exactly as agreed, no matter what happens.

I was very badly disappointed in Mimi and Marna [Docky]. When I first met Mimi, she asked me to give her money for the purpose of taking an art course. I gave her the money, but she did not take the art course. I supported Marna for a year—for the purpose of helping her to finish high school. She did not finish high school. I will take a chance on you, because I don’t want to blame you for the actions of your sisters. But I want you to show me that you are a better kind of person.

I will tell you the reasons for the conditions I make: I think that the person who asks and expects other people to give him money, instead of earning it, is the most rotten person on earth. I would like to teach you, if I can, very early in life, the idea of a self-respecting, self-supporting, responsible, capitalistic person. If you borrow money and repay it, it is the best training in responsibility that you can ever have.

I want you to drop—if you have it in your mind—the idea that you are entitled to take money or support from me, just because we happen to be relatives. I want you to understand very clearly, right now, when you are young, that no honest person believes that he is obliged to support his relatives. I don’t believe it and will not do it. I cannot like you or want to help you without reason, just because you need the help. That is not a good reason. But you can earn my liking, my interest and my help by showing me that you are a good person.

Now think this over and let me know whether you want to borrow the money on my conditions and whether you give me your word of honor to observe the conditions. If you do, I will send you the money. If you don’t understand me, if you think that I am a hard, cruel, rich old woman and you don’t approve of my ideas—well, you don’t have to approve, but then you must not ask me for help.

I will wait to hear from you, and if I find out that you are my kind of person, then I hope that this will be the beginning of a real friendship between us, which would please me very much.

Your aunt,

.

http://the-toast.net/2015/01/12/actual-letter-ayn-rand-wrote-little-girl/

 

Author: Stucky

I'm right, you're wrong. Deal with it.

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59 Comments
Anonymous
Anonymous
January 16, 2015 11:49 pm

. But you can earn my liking, -AR

From the post above

Anonymous
Anonymous
January 16, 2015 11:55 pm

Anyway, we sound similar. I’m always doing things for friends and neighbors with expectation of reciprocity but even that gets weird when someone adopts the idea I’m working for them instead of doing them a favor. ~IS

I concur. Many, today, cannot change brake pads on their vehicles much less change the oil. I offer them a good service at a discounted rate. Somedays I feel like ripping them off, as our FED does, but for the life of me I cannot.

Kill Bill
Kill Bill
January 16, 2015 11:57 pm

Me, above.

Kill Bill
Kill Bill
January 17, 2015 12:19 am

What could be simpler than that? -SSS

Bacon?

hardscrabble farmer
hardscrabble farmer
January 17, 2015 7:12 am

That letter was worth a lot more than the $50 she requested. To have someone who cares enough to take the time to compose a missive that is direct and offers the recipient a chance for reflection is priceless.

And while Ms. Rand may have been a complicated woman on a personal level, all we have to judge her by today is her writing and in that context she seems to have been eerily prescient.

Chicago999444
Chicago999444
January 17, 2015 12:03 pm

KB, Ayn was not trying to “control” her niece- she was only trying to control the conditions under which she, Ayn Rand, would lend money, and she was trying to control the way people treated her.

And all loans come with conditions. Lots of them, like that the collateral will be repossessed or your paycheck or bank account mulceted, if you don’t pay it back. Good to learn at a youthful age that nothing you get in life comes to you without conditions, except through the generosity of people who love you… because they love you.

We all try to do that, if we have any sense or self-respect. Being willing to let the world mooch off you does not make you a better person.

Very few girls ever got a dress that cost $25 in 1950. Most girls do not get outfits that cost $250 (today’s equivalent of $25) now, and I think a long time before I spend that on one dress, and hardly ever buy one. My mother had to go to work as a bank teller for her first high-quality clothes. My grandparents would not buy her those, even though they were affluent. Some things have to be EARNED, they told her.

Chicago999444
Chicago999444
January 18, 2015 10:16 am

Stucky, Ayn Rand had very strange (or maybe NOT strange) taste in men, but I note she never associated closely with these violent, macho “hero” type men. I can’t help but notice that men like this serial killer who she wrote of, never got near her. All of the significant men in her life were extremely gentle, nurturing men, notably her husband, the gentle artist Frank O’Conner, her much-younger, long-time lover, Nathaniel Branden (who I greatly admire), and her designated heir and most faithful and worshipful acolyte, Leonard Piekoff.

I suppose you had to be that type of guy to win her approval, or to be able to tolerate her. Rand became more and more like a cult leader as her fame increased and her works became controversial, as she sheltered behind her little “collective” of fawning worshipers.

Her relationship with Alan Greenspan is interesting, too, as is his 360-degree evolution in his thought on matters economic. You see, when Greenspan was introduced to Rand in the early 50s, he was a thorough Keynesian. After exposure to Rand’s ideas, which drew heavily upon Von Mises, Hayek, and Lysander Spooner, he reluctantly came around to agreeing, though reluctantly, with Rand’s philosophy. However, he was always somewhat aloof from the rest of the group, and in the late 60s forward, he began to detach himself from Rand, though being careful (or so it seems to me) not to say or do anything that would anger her. But it is interesting that from the moment of her death in 1982 forward, Greenspan started to return to his Keynesian roots, and even though he never publicly renounced his Randian beliefs, he once again became a thorough Keynesian, with results that we have seen. It was as though he had never heard of Rand.

The tragedy of Ayn Rand was the trait she was most proud of, which was her “hero worship”, the worship of “super hero” type men. This trait does not comport with reason and freedom, her other stated core values. I personally never cared for her fiction, and always felt that she should have heeded the advice she gave to artists, which is to find another profession besides art if you have any internal conflicts or traits that you wish to conceal, because when you create a work of art, your deepest self is on display, warts and all. Her worst self is unfortunately very manifest in her most famous novels, with their savage self-righteousness, improbable plots, and real ignorance of the ways in which our industrial empire was really built. They had many great ideas in them, and some great characters- for example, I thought that the steelmaker Hank Rearden was a much more admirable character than John Galt, and much more believable in his struggle to reconcile the drives he’d been trained to view as “despicable”, with his love and admiration for the female lead. However, on the whole, I’ve found her non-fictional writings are much better expositions of her philosophy than her bombastic, unrealistic fiction.

In all, she was one of the finest thinkers of the 20th century, in spite of her personal flaws. However, there are very few people, “great” or otherwise, who are not as flawed. It perhaps doesn’t pay to scrutinize too closely the personal lives of the artists, thinkers, and other great contributors to civilization, and I’m always prepared to be disappointed. So far, only two people have stood my scrutiny: Albert Einstein and Alvin Weinberg, two great scientists who look even better the more closely you look at them. They were both two extraordinarily gentle, humble men who led exemplary personal lives. Yet there are many who will fault them because they played the major part in developing a science and its offshoot technologies, that has given us the power to literally destroy the planet for every form of life, with the push of a button.