ntially so.

Professor Marshall, the noted English economist, estimates that
$500,000,000 is spent annually by the British working classes for things
that do nothing to make their lives nobler or happier. At a meeting of
the British Association, the president, in an address to the economic
section, expressed his belief that the simple item of food-waste alone
would justify the above-mentioned estimate. One potent cause of waste
to-day is that very many of the women do not know how to buy
economically, and are neither passable cooks nor good housekeepers.
Edward Atkinson estimated that in the United States the waste from bad
cooking alone is over a hundred million dollars a year!

"Provided he has some ability and good sense to start with, is thrifty,
honest, and economical," said Philip D. Armour, "there is no reason why
any young man should not accumulate money and attain so-called success in
life." When asked to what qualities he attributed his own success, Mr.
Armour said: "I think that thrift and economy had much to do with it. I
owe much to my mother's training and to a good line of Scotch ancestors,
who have always been thrifty and economical."

"A young man should cultivate the habit of always saving something," said
the late Marshall Field, "however small his income." It was by living up
to this principle that Mr. Field became the richest and most successful
merchant in the world. When asked by an interviewer, whom I sent to him
on one occasion, what he considered the turning point in his career, he
answered, "Saving the first five thousand dollars I ever had, when I
might just as well have spent the modest salary I made. Possession of
that sum, once I had it, gave me the ability to meet opportunities. That
I consider the turning point."

The first savings prove the turning point in many a young man's career.
But it is true that the lack of thrift is one of the greatest curses of
modern civilization. Extravagance, ostentatious display, a desire to
outshine others, is a vice of our age, and especially of our country.
Some one has said that "investigation would place at the head of the list
of the cause of poverty, wastefulness inherited from wasteful parents."

"If you know how to spend less than you get," said Franklin, "you have
the philosopher's stone." The great trouble with many young people is
that they do not acquire the saving habit at the start, and never find
the "philosopher's stone." Th