« ElőzőTovább »
Remember that credit is money. If a man lets: his money lie in my hands after it is due, he gives me the interest, or so much as I can make of it during that time. This amounts to a confiderable luin when a man has good and large credit, and makes good use of it.
Remember that money is of a prolific generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is fix; turned again, it is seven and three
pence; and so on till it becomes an hun.. dred pounds.
The more there is of it, the more it produces, every turning, so that the pro-, fits rise quicker and quicker. He that kills a breeding low, destroys all her offspring to the , thousandth generation.
He that murders a crown, destroys all that it might have produced even scores of pounds.
Remember that fix pounds a year is but a groat a day. For this little fum, which may be daily wafted either in time or expence, unperceived, a man of credit may, on his own security, have the constant possession and use of an hundred pounds. So much in stock, briskly turned by an industrious man, produces great advantage.
Remember this saying, “The good paymaster is lord of another man's purse." He that is known to pay punctually and exactly to the time he promises, may at any time, and on any occafion, raise all the money his friends can spare. This is sometimes of great use. After industry and frugality, nothing contributes more to the raising of a young man in the world, than pur.ctuality and justice in all his dealings:
therefore never keep borrowed money an hour beyond the time you promised, left a disap pointment shut up your friend's purse for ever.
The most trifling actions that effect a man's cre. dit are to be regarded. The sound of your hame mer at five in the morning, or nine at night, heard by a creditor, makes him easy fix months. longer ; but if he sees you at a billiard table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day, demands it before he can receive it in a lump.
It shews, besides, that you are mindful of what you owe ; it makes you appear a careful, as well as an honest man, and that still increases your credit.
Beware of thinking all your own that you porn fels, and of living accordingly. It is a mistake that many people who have credit fall into. prevent this keep an exact account, for forne time, both of your expenses and your income. If you take the pains at first to mention particulars, it will have this good effe&t; you will dif. cover how wonderfully small trifling expences mount up to large sums, and will discern what might have been, and may for the future be faved, without occafioning any great inconvenience.
In short, the way to wealth, if you desire it, is aś 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 faves all he gets, (neceffary expences ex:
cepted) will certainly become rich--if that Bc. ing who governs the world, to whom all should look for a blessing on their honest endeavours, doth not, in his wife providence, otherwise de. termine,
AN OLD TRADESMAN.
W** NECESSARY HINTS TO THOSE THAT WOULD
WRITTEN ANNO 1736.
The use of money is all the advantage there is in hava
For fix pounds a year you may have the use of one hun dred pounds, provided you are a man of known prudence and honesty.
He that spends a groat a day idly, spends idly above fix pounds a year, which is the price for the use of one huga dred pounds.
He that wastes idly a groat's worth of his time per day, one day with another, wastes the privilege of using one hun. dred pounds each day.
He that idly loses five shillings worth of time, loses five Shillings, and might as prudently throw. five shillings into She sea.
He that loses five shillings, not only loses that fum, but all the advantage that might be made by turning it in deale ing, 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 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 : lo that he that posses any thing he has bought, pays interes for the use of it.
Yet, in buying goods, it is best to pay ready money, bem cause, that sells upon credit, expects to lose fave per ces
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.
He that pays ready money, escapes, or may escape, that charge.
A Penny Fa:'d is two-lence clear;
-.6.4.6**>......... 'THE WAY TO MAKE MONEY PLENTY IN EVE
RY MAN'S POCKET.
At this time, when die general complaint is that—« mo
ney is scare," it will be an act of kindness to inform the mojeyle's how they may reinforce their pockets. I will acquaint them with the true fecret of money-catching--the certain way to fill empty purses--and how to keep them always full. Two fimple rules, well observed, will do the business.
First, let honesty and industry be thy constant companiors; and,
Secondly, spend one penny less than thy clear gains.
Then shall thy hide-bound pocket soon begin to thrive, and will never again cry with the empty belly ache : neither will creditors insult thee, nor want oppress, nor hungr bite, nor nakedness freeze thee. The whole hemifphere will thine brighter, and pleasure spring up in every corner of thy heart. Now, therefore, embrace these rules and be happy. Banish the bleak winds of forrow from thy inind, and live independent. Then Ihalt thou be a man, and not hide thy face at the approach of the rich, nor suffer the pain of feeling litle when the fons of fortunc walk a: ihy right hand : for independency, whether with little er much, is good fortune, and placeth'thee on even ground with the proudest of the golden fleece. Oh then, be wise, and let industry walk with thee in the morning, and are tend thee until thou reacheft the evening hour for reft. Let lionesty be as the breath of thy foni, and never forget to have a peany, when all thy expences are enumerated and paid; lien Thalt thou reach the point of happiness, and its
dependence hall be thy shield and buckler, thy helmet and crown; then shall thy soul walk upright, nor stoop to the hilken wretch because he hath riches, nor pocket an abule because the hand which offers it wears a ring set with diamonds.
[A Translation of this Letter appeared in one of
the Daily Papers of Paris about the Year 1984. The following is the original Piece, with some Additions -and Corrections made in it by the Author.]
TO THE AUTHORS OF THE JOURNAL,
You often entertain us with accounts of new discoveries.
Permit me to communicate to the public, through your paper, one that has lately been made by myself, and which I conceive may be of great utility.
I was the other evening in a grand company, where the new lamp of Messrs. Quinquet and Lange was introduced, and much admired for its splendor; but a general enquiry was made, whether the oil it consumed, was not in proportion to the light it afforded, in which case there would be to saving in the use of it. No one present could fatisfy us in that point, which all agreed ought to be known, it being a very desirable thing to lessen, if pollible the expence of lighting our apartments, when every other article of family expence was so much auginenced.
I was pleased to see this general concern for economy: for I love economy exceedingly.
I went home, and to bed, three or four hours after mid. night, with my head full of the subject. An accidental sudden noise waked me about fix in the morning, when I was surprised to find my room filled with light; and I imagined at first, that a number of ihule lamps had been