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at work, he sends for his money the next day ; demands it before he can receive it in a lump.
It shows, besides, that you are mindful of what you owe; it makes you appcar a careful as well as an honest man, and that still increases your credit.
Beware of thinking all your own that you possess, and of living accordingly. It is a mistake that many people who have credit fall into. To prevent this, keep an exact account, for some time, both of your expenses and your income. ke the pains at first to mention particulars, it will have this good effect; you will discover how wonderfully small, trifling expenses mount up to large sums, and will discern what might have been, and may for the future be saved, without occasioning any great inconvenience.
In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly on two words, 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 every thing. 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 a blessing on their honest endeavors, doth not, in his wise providence, otherwise determine.
AN OLD TRADESMAN.
NECESSARY HINTS TO THOSE THAT
WOULD BE RICH.
Written Anno 1786.
The use of money is all the advantage there is in having money.
For six pounds a year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.
He that spends a groat a day idly, spends idly above six pounds a year, which is the price for the use of one hundred pounds.
He that wastes idly a groat's worth of his time per day, one day with another, wastes the privilege of using one hundred pounds each year.
He that idly loses five shillings worth of time, loses five shillings, and might as prudently throw five shillings into the sea.
He that loses five shillings, not only loses that sum, but all the advantages that might be made by turning it in dealing ; which, by the time that a young man becomes old, will amount to a considerable sum of money.
Again; he that sells upon credit, asks a price for what he sells equivalent to the principal and interest of his money for the time he is to be kept out of it; therefore, he that buys upon credit, pays interest for what he buys; and he that pays ready money, might let that money out to use; so that he that possesses any thing he has bought, pays interest for the use of it.
Yet, in buying goods, it is best to pay ready money, because, he that sells upon credit, expects to lose five per cent. by bad debts; therefore he charges, on all he sells upon credit, an advance that shall make up that deficiency.
Those who pay for what they buy upon credit, pay their share of this advance.
IIe that pays ready money, escapes, or may escape, that charge.
A penny saved is to opence clear;
Some wits of old, --such wits of old there were, Whose hints showed meaning, whose allusions care, By one brave stroke to mark all human kind, Called clear blank paper every infant mind; When still, as opening sense her dictates wrote, Fair Virtue put a seal, or Vice a blot.
The thought was happy, pertinent and true;
Various the papers various wants produce, The wants of fashion, elegance and use. Men are as various; and if right I scan, Each sort of paper represents some man.
Pray note the fop-half powder and half laceNice as a band-box were his dwelling-place: He's the gilt-paper, which apart you store, And lock from vulgar hands in the 'scrutoire
Mechanics, servants, farmers, and so forth, Are copy-paper, of inferior worth; Less prized, more useful, for your desk decreed. Free to all pens, and prompt at every need.
The wretch whom av'rice bids to pinch and spare, Starve, cheat, and pilfer, to enrich an heir, Is coarse brown-paper; such as pedlers choose To wrap up wares, which better men will use.
Take next the miser's contrast, who destroys IIealth, fame, and fortune, in a round of joys. Will any paper match him ? Yes, throughout Ile's a true sinking-paper, past all doubt.
The retail politician's anxious thought Deems this side always right, and that stark naught; He foams with censure; with applause he ravesA dupe to rumors, and a tool of knaves; He'll want no type his weakness to proclaim, While such a thing as fools-cap has a name.
The hasty gentleman, whose blood runs high, Who picks a quarrel if you step awry, Who can't a jest, or hint, or look, endure: What's he? What? Touch-paper,—to be sure.
What are our poets, take them as they fall, Good, bad, rich, poor, much read, not read at,all ? Them and their works in the same class you'll find They are the mere waste-paper of mankind.
Observe the maiden, innocently sweet ; She's fair white-paper, an unsullied sheet; On which the happy man, whom Fate ordains, May write his name, and take her for his pains.
One instance more, and only one I'll bring; 'Tis the great man who scorns a little thing, Whose thoughts, whose deeds, whose maxims are
Formed on the feelings of his heart alone :