SAVING IS WEALTH.

Mount Ida Chronicle, Volume X, Issue 581, 18 November 1880, Page 1 (Supplement)

SAVING IS WEALTH.

There is nothing new in this, but ib is a subject fraught with so much importance to the young who would succeed in life, that it is well to refreshen their memories by often repeating the axiom. Moreover, as the ' American Pottery and Glassware Journal,' says, waste and extravagance have been the bane of our times. Owing to these multitudes have become bankrupt, and because of them many are to-day unable to make any'headway in the world. In the face of. all the lessons of the past and of all the Warnings of the present, there is a strong disposition to spend money recklessly in dress, equipages, entertain> ments, and innumerable useless ways. Stripling boys and young misses think nothing of devoting more every month to dress than slothed their fathers and mothers for a year ; and yet they appear to no better advantage in society and are no more respected than were those same parents in their youthful days. Every cent they can make for themselves or wring from parents or friends is disposed of without any_ thought of the bad habits they are cultivating, of the demands of sickness and old age, or of the possible crimes to which they may expose themselves in the hour of temptation to meet the results of their outlays.

The great difference between those who save and those who do j.-.ot in the struggle of life, consists not so much in early advantages or superior ability, other things being equal, as in the power to resist wasteful expenditure and sinful indulgences and to save something. One evening lately, the hon. W. E. Dodge, of New York, delivered an address embodying his recollections of New York for the last sixty years. Near the close he uttered these words, which should bo carefully woighed by every young man and woman : ' In conclusion, permit ma to say that, as I think of my early business life, I am impressed with the fact that those young men who were then known as industrious, highrninded youths, conscientious in the discharge of their duties, were those, who succeeded in business on their own account; while many who had better opportunities failed because they would indulge in pleaHur<'*> which not only impaired confidence, but wasted what miiiht have aided them in conjtnencii)!.' for themselves. All young men should aim to Rave something each voar, even at th" exponso of a limited wardrobe and many little thit ua which they think n cossitick If there were none but ynnng men here, I would say that from the fii-sl' venr when I entered a store, -with a .iniiirv of fit>v dollars, to my last year—when us it. Hiilearnan I received for those days vnrv large pay—l never failed to save a portion *. and when I start.*"l in business that sum and my experience were all my capital.'