Wealth In Economy : Part 3

Architects of Fate: Steps to Success and Power
by Orison Swett Marden

(Page 14 of 19)

The "loose change" which many young men throw away carelessly, or worse, would often form the basis of a fortune and independence. The earnings of the people of the United States, rich and poor, old and young, male and female, amount to an average of less than fifty cents a day. But it is by economizing such savings that one must get his start in business. The man without a penny is practically helpless, from a business point of view, except so far as he can immediately utilize his powers of body and mind. Besides, when a man or woman is driven to the wall, the chance of goodness surviving self-respect and the loss of public esteem is frightfully diminished.

"Money goes as it comes." "A child and a fool imagine that twenty years and twenty shillings can never be spent."

Live between extravagance and meanness. Don't save money and starve your mind. "The very secret and essence of thrift consists in getting things into higher values. Spend upward, that is, for the higher faculties. Spend for the mind rather than for the body, for culture rather than for amusement. Some young men are too stingy to buy the daily papers, and are very ignorant and narrow." "There is that withheld more than is meet, but it tended to poverty." "Don't squeeze out of your life and comfort and family what you save."

Liberal, not lavish, is Nature's hand. Even God, it is said, cannot afford to be extravagant. When He increased the loaves and fishes, He commanded to gather up the fragments, that nothing be lost.

"Nature uses a grinding economy," says Emerson, "working up all that is wasted today into to-morrow's creation; not a superfluous grain of sand for all the ostentation she makes of expense and public works. She flung us out in her plenty, but we cannot shed a hair or a paring of a nail but instantly she snatches at the shred and appropriates it to her general stock." Last summer's flowers and foliage decayed in autumn only to enrich the earth this year for other forms of beauty. Nature will not even wait for our friends to see us, unless we die at home. The moment the breath has left the body she begins to take us to pieces, that the parts may be used again for other creations.

More than a lifetime has elapsed since the above was published, but instead of returning to the style of 1772, our farmers have out-Heroded Herod in the direction of the fashion, of 1822, and many a farmhouse, like the home of Artemas Ward, may be known by the cupola and the mortgage with which it is decorated.

It is by the mysterious power of economy, it has been said, that the loaf is multiplied, that using does not waste, that little becomes much, that scattered fragments grow to unity, and that out of nothing or next to nothing comes the miracle of something. It is not merely saving, still less, parsimony. It is foresight and arrangement, insight and combination, causing inert things to labor, useless things to serve our necessities, perishing things to renew their vigor, and all things to exert themselves for human comfort.

English working men and women work very hard, seldom take a holiday, and though they get nearly double the wages of the same classes in France, yet save very little. The millions earned by them slip out of their hands almost as soon as obtained to satisfy the pleasures of the moment. In France every housekeeper is taught the art of making much out of little. "I am simply astonished," writes an American lady stopping in France, "at the number of good wholesome dishes which my friend here makes for her table from things, which at home, I always throw away. Dainty little dishes from scraps of cold meat, from hard crusts of bread, delicately prepared and seasoned, from almost everything and nothing. And yet there is no feeling of stinginess or want."

"I wish I could write all across the sky, in letters of gold," says Rev. William Marsh, "the one word, savings-bank."

Boston savings-banks have $130,000,000 on deposit, mostly saved in driblets. Josiah Quincy used to say that the servant girls built most of the palaces on Beacon Street.

"So apportion your wants that your means may exceed them," says Bulwer. "With one hundred pounds a year I may need no man's help; I may at least have 'my crust of bread and liberty.' But with five thousand pounds a year I may dread a ring at my bell; I may have my tyrannical master in servants whose wages I cannot pay; my exile may be at the fiat of the first long-suffering man who enters a judgment against me; for the flesh that 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.

Copyright, 1895 by Orison Swett Marden.
All Rights Reserved.