at lies nearest my heart some Shylock may be dusting his scales and
whetting his knife. Every man is needy who spends more than he has; no
man is needy who spends less. I may so ill manage, that with five
thousand pounds a year I purchase the worst evils of poverty,--terror and
shame; I may so well manage my money, that with one hundred pounds a year
I purchase the best blessings of wealth,--safety and respect."

Edmund Burke, speaking on Economic Reform, quoted from Cicero: "Magnum
vectigal est parsimonia," accenting the second word on the first
syllable. Lord North whispered a correction, when Burke turned the
mistake to advantage. "The noble lord hints that I have erred in the
quantity of a principal word in my quotation; I rejoice at it, sir,
because it gives me an opportunity of repeating the inestimable
adage,--'Magnum vectigal est parsimonia.'" The sentiment, meaning
"Thrift is a good income," is well worthy of emphatic repetition by us
all.

Washington examined the minutest expenditures of his family, even when
President of the United States. He understood that without economy none
can be rich, and with it none need be poor.

"I make a point of paying my own bills," said Wellington.

John Jacob Astor said that the first thousand dollars cost him more
effort than all of his millions. Boys who are careless with their dimes
and quarters, just because they have so few, never get this first
thousand, and without it no fortune is possible.

To find out uses for the persons or things which are now wasted in life
is to be the glorious work of the men of the next generation, and that
which will contribute most to their enrichment.

Economizing "in spots" or by freaks is no economy at all. It must be
done by management.

Learn early in life to say "I can't afford it." It is an indication of
power and courage and manliness. Dr. Franklin said, "It is not our own
eyes, but other people's, that ruin us." "Fashion wears out more apparel
than the man," says Shakespeare.

"Of what a hideous progeny of ill is debt the father," said Douglas
Jerrold. "What meanness, what invasions of self-respect, what cares,
what double-dealing! How in due season it will carve the frank, open
face into wrinkles; how like a knife it will stab the honest heart. And
then its transformations,--how it has been known to change a goodly face
into a mask of brass; how with the evil custom of debt has the true man
become a callous tr