The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-18
Spending and Saving Well Makes Man;
Pecuniary Wisdom Brings independence.

II S1ulllQly W ]
- CCORDING to the proverb. |" an empty
fAibag cannot stand upright =; neither
~ can a man who Is in debt. A man in \
debt cannot be relied upon to tell the
truth; hence tits said that lying rides
on debt 8 back. The man who owes money
generally has to make excuses for not paying
It when due, and In many cases has to lie
about It.. The first step In debt is like the
first step in ood-almost involving tho
necessity OF proceeding in the same course.
debt following debt, as lie follows lie. Many
a man can date the beginning Of the failure
OF his life from the day he first borrowed
money. and realizes when too late the force
of the proverb. {" who goes borrowing goes
sa-sorroWlng.
t1tnba rrnssrnentin money matters produces
poignant distress OF mind utter incapacty
for work. and constantly recurring humilia-
tons. The man who is always lowering on
heverge of want is in q state not far re-
moved from that OF slavery; he is in no sense
his own master, but Is in constant peril Of
falling under the honda &c OF others and ac-
ceptdng he terms which they dictate to him.
He cannot help being servile becausehe can
not'look the world boldly in the face.
Economy Means Independence.
The practice of simple economy is all that
Is necessaryto secure independence. Econo-,
my requires neither superior courn ge nor vir-
tue; 1t is satisfied with ordinary energy and
the capacity of ordinary minds. At bottom.
economy is but the spirit of order applied in
the administration OF domestic affairs; it
means regularity, prudence. and the avoid
ance of waste. EconomY1neans the power OF
resisting present gratifcatio lon for the purpose
OF securing a future good. and In this light
represents the ascendencyi OF reason over the
animal instincts It is altogether difreren:
from penuriousness, for 1t is economy that
can always afford to betgenerous. It does not
make money an idol, but regards 1t rs USE
ful5agent. AS Dean Swift observes: We
must carry money in the head. not in the
heart" Economy may be styled the daugh-
ter Of Prudence. the sister OF Temperance. and
the mother OF Liberty. tits conservative OF
character, of domestic happiness and social
well being. It's in short, the exhibition OF
sself-help in one OF Its best forms.
f The way a man uses money-makes 1t. saves
1t, ard spends It's perhaps one OF the best
tests of character. Money should by no
means be regarded as the chief end OF life:
neither should it be held in contempt. as it
I represents to a large extent the means of
physical and mental comfort. Some OF the
finest qualities of human nature are intimate-
~ related to the right use OF money-gener-
osity. honesty, Justice, and self-sacrifice. On
the other hand, are their counterparts OF
avarice. fraud. injustice. and selflshness, as
displayed by the inordinate lovers of gain;
and the vices of thoughtlessness extrava-
gance. and improvldence on the part OF those
who misuse 1t.
The class OF men who live from hand to-
mouth will always be an inferior class. They
necessarily remain impotent and helpless,
hanging on to the skirts of society-the sport
of time and seasons. Having no respect for
themselves. they fail in securing the respect
!, OF others. In commercial crises they In
svariably go to the wall
Two Kinds: Savers and Spenders.
The world always has been divided into
two classes-those who have saved end those
who have spent-the thrifty ana the extrav-
agant. The building of all the houses the
mills the bridges. the railroads, the ships,
and the accomplishment Of all the other
great works which have done SO much for
man advancement and happiness have
been done by the savers: and those who have
wasted their money have always been their
slaves. It is the law of nature that this
should be so. $1
There Is no royal road by which man
can raise himself from q position which he
feels to be uncomfortable and unsattsfac-5
tory. except by the practice OF those virtues
by wn,cn ne sees others constantly advnnc-
ing ana pettering themselves-that is. by the
practice OF industry, temperance, frugaltty.
ana honesty. What some men are, all. With
out dl1nculty, might be. Employ the same
means ana the same results win follow
every man should live within his means
THIS Is tho essence OF honesty. II lie docs
not 90 THIS he must necessarily be living
alsnonestly3 upon the means OF others. Those
VINO are careless about personal expenses.
considering merely their own qualification
without regard to the comfort OF others. gem
orally ma out the use OF money when too
late. rnougn by nature generous, they are
o1ten compelled to do shabby things, VAST
ing tneir money and time, anticipating their
earnlngs. dlscountlng the future. they drag
sa1tcr tnen a load OF debts and obligations
! rnat IS Illuminating ana that cripples their
'nuepenoence ana makes their lives o long
drawn OUT agony. ss
Look After Petty Savings.
Lord Bacons maxim, that when It was
attsSsseet y " SSoHo!'1-o ~ was pettec 70 LUX
after the petty savings than to descend to
petty gettings. is a good one to follow. The
loose cash that many persons throw away
uselessly would often form the basis OF for-
tune and independence. These wastes are
their own worst enemies. and are generally
found In the ranks OF those who are con-
stantly railing at the injustice OF the world
John Locke, the great English philosopher,
strongly advlses this course. 9 Nothing
said he, rs sAkelier TO keep a man within
compass thain having constantly before his
eyes The state OF his affairs, In regular
courso otaccount.' Tho great duke ot'Well-
!ngton kept an accurate detailed account OF