hought it
might come in handy some time. The habit of buying what you don't need
because it is cheap encourages extravagance. "Many have been ruined by
buying good pennyworths."

"Where there is no prudence," said Dr. Johnson, "there is no virtue."

The eccentric John Randolph once sprang from his seat in the House of
Representatives, and exclaimed in his piercing voice, "Mr. Speaker, I
have found it." And then, in the stillness which followed this strange
outburst, he added, "I have found the Philosopher's Stone: it is _Pay as
you go_."

Many a young man seems to think that when he sees his name on a sign he
is on the highway to fortune, and he begins to live on a scale as though
there was no possible chance of failure; as though he were already beyond
the danger point. Unfortunately Congress can pass no law that will
remedy the vice of living beyond one's means.

"The prosperity of fools shall destroy them." "However easy it may be to
make money," said Barnum, "it is the most difficult thing in the world to
keep it." Money often makes the mare--run away with you.

Very few men know how to use money properly. They can earn it, lavish
it, hoard it, waste it, but to deal with it _wisely_, as a means to an
end, is an education difficult of acquirement.

After a large stained-glass window had been constructed an artist picked
up the discarded fragments and made one of the most exquisite windows in
Europe for another cathedral. So one boy will pick up a splendid
education out of the odds and ends of time which others carelessly throw
away, or gain a fortune by saving what others waste.

It has become a part of the new political economy to argue that a debt on
a church or a house or a firm is a desirable thing to develop character.
When the young man starts out in life with the old-fashioned idea strong
in his mind that debt is bondage and a disgrace, that a mortgage is to be
shunned like the cholera, and that to owe a dollar that you cannot pay,
unless overtaken by misfortune, is nothing more or less than stealing,
then he is bound in so much at least to succeed, and save his old age
from being a burden upon his friends or the state.

To do your best you must own every bit of yourself. If you are in debt,
part of you belongs to your creditors. Nothing but actual sin is so
paralyzing to a young man's energies as debt.

The "loose change" which many young men throw away carelessly, or worse,
would often fo