Litchfield enquirer., 1849-08-02

By reference to the preceding table 1T ap>
pears that if laboring man, mechanic,
unnecessarily expends only "a cents per
day, from the time he becomes OF age to the
time he attains the age of three score and
ten years. the aggregate, with interest, a.
mounts to $500, and daily expenditure
of q l-2 cents amounts to the importan,
sum of 5000 A six cent piece saved
daily would provide fund OF nearly $7OUO
suffcien, TO purchase fine farm. There
are few mechanics who cannot save daily
by abstaining from the disgusting use of
tSyacco, Eom ardent spirits, from visiting
theatres, etc., twice or thrice The above sla>
ted amount of q six cent piece. The man
in trade, who can lay by about one dollar
per day, will find himself similarly possess
ed of $4,000, and numbered among the
us rich men, who own one half OF the pro
perry of the city Of Providence.
II we examine the particular case 10
which reference has been made, we shall
find that this man, now so rich, was once q
poor young man, like thousands who now
surround him in the population OF this city
and his extraordinary wealth, grealer per-
haps than that of any other man in New
England, is the result OF aoDe and rigid
economy.
Few people estimate the large sums to
which gEe yearly saving in personal and
household expenses will accumulate. Four
thousand dollars year rs no, aA nncom-
naon expenditure for merchants in this and
other cities. Half century ago, five hum
bred dollars would have been regarded as
sufficient expenditure. The difference be.
tween these two sums for fifty years with
the accumulation Of compound interest,
reaches The enormous amour, of over one
million of dollars. Extend the time eleven
years, and this sum great as it is, becomes
doubled.
The preceding calculations are sufficient
to encourage hope of eventtpl success and
Independence in the bosom of every young
man, who, on commencing business, will
maintain determined resolution 70 COM
bine industry with enonomy, and also 10
warn him, that without economy, the oppo>
site result Of bankruptcy is flightfully GER
tain.
With this plain statement Of actual re-
suits before US, it cannot therefore be mat
ter of surprise that the present general pre-
vaience of an unrestricted indulgence in
snowy habits Of dress and of living. should
cause the failure of nine tenlhS Of the men
who embark in business, and Involve also
the ptudsnt and careful, on whom must fall
the losses caused by recklesSnesS and ex~
Iravagance in every form.
The true value OF money consists in the
rational use of it. Economy becomes vice
in ,he miseE, whilst exravagance becomes
on the other extreme a vice in the spend
thrift. The golden mean lies between these
extremes. BY applying available gains for
the procurement of rational comforts and
enioyments, and for advancement in moral
and Intellectual culture, we fulfil the highs
EST deSiinieS Of our natWres
TNcnENTs OF THE WREcK OF THE CHAs.
BGRrLETT.-A lady passenger inthe steam
er Europa, in letter 10 the National Inlel>
ligencer, relates the following incidents In
that terrible catastrophe:
sThe wild despair Of one poor man
shall never forget, he literally lost his all
his wife and four children, and his whole
fortune. The poor creature wrung his
hahds aud tore his hair-it was heart
reuding 10 see him. There were thirty.
Ave children under sixteeR, and seven under
eleven months Oh board.
Captain Forbes, of Boston, as soon as the
accident took place, pulled off his coat and
shoes and plunged overheard, rope in hand
TO do ali he could-he saved one poor mar
who died before he got him alongside thu
ship. A more heroic deed never saw, ant
sturdy men shed tears when he came bacl
to the cabin safe among us The captai'
Of the wrecked BARK is sunburnl Old sailo
with thirty years Of his service TO look hacl
10, and, as he told us, this Is the first acci
dent--he had never buried scnl from am
ship he had commanded The tears rolltC
down his rough and sunburnt face as h
told us the scene before the vessel wen
down.n
EgDr. James O'Riley, Gate of New
Haven, and graduate Of Yale Medics