Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1876-10-26
jooR RICHARDS WISDOM.
FrankIin,s Advice TO Young
Tradesmen.

Tradesmen.
Remember that time is money. He
that can earn ten shillings day at
his labor, and goes abroad or sits idle
one-half of that day, though he
spends but sixpence during his di-
version or idleness, ought not to rec
ON that the only expense; he has
spent, or rather thrown away, five
shillings besides.
Remember that credit is money.
If man let's his money lie in my
hands after it is due, because he has
q good opinion of my credit, he gives
me the interest, or so much as L can
make off the money during that time.
This amounts to a considerable sum
where a man has large credit and
makes good use of it.
Remember that money is Of pro-
life or multiplying nature. Money
can produce money and its offspring
can produce more, and so on. Five
shillings turned is six-turned again
it is seven and three pence; and so
on, till it becomes hundred pounds.
The more there is of it, the more it
produces every turning, so that the
profits rise quicker and quicker. He
that throws away a crown destroys
all that it might have produced, even
scores of pounds.
Remember that six pounds yea1
is but a groat day. For this little
sum (which may be daily wasted,
either in time or expense, upper.
ceived, man of credit may, on his
own security, have the constant pos
session and use of one hundred
pounds. So much in stock briskly
turned by an industrious man, pro-
duces great advantage.
Remember the saying, "The good
paymaster is lord of another mans
purse" He that is known to pay
punctually and exactly to the time he
promises may at any time and on all
occasions raise all the money his
friends can spare. This is sometimes
of great use. Next to industry and
frugality, nothing contributes more
to the raising of a man in the world
than punctuality and justice in all
dealing; therefore never keep bor-
rowed money an hour beyond the
time promised, less disappointment
shut up your friends purse forever.
The most trifling actions that eff
feet mans credit are to be regarded.
The sound of the hammer at five in
the morning, or at nine at night,
heard by a creditor makes him easy
six months longer; but if he sees
you at billiard table or hears your
voice at tavern, when you should be
at work, he sends for his money the
next day, and demands it before it is
convenient for you to pay him.
Beware of thinking all your own
that you possess, and of living ac-
cordingly. This is a mistake that
many people fall into. To prevent
this keep an exact account for some
time, both of your expenses and in
come. If you take the pains at first
to enumerate particulars it will have
this good effect-you will discover
how wonderfully small, trifling ex-
penses mount up to large sums, and
will discern what might have been
and may for the future be saved,
without occasioning any great incon-
venience.
In short, the way to wealth, if you
desire it, is as plain as the way to
market. 1t depends chiefly on two
things-industry and frugality; that
is, waste neither time nor money, but
make the best use of both. Without
industry and frugality nothing will
do, and with them everything. He
that gets all he can honestly, and
saves all he gets, necessary expenses
excepted, will certainly become rich
if that Being who governs the world,
to whom all should look for blessing
on their honest endeavors, does not,
in His wise providence, otherwise de-
termine.