omething
wonderfully cheap: let us buy it." "Have you any use for it?" "No, not
at present; but it is sure to come in useful, some time." Fashion runs
in this habit of buying. Some buy old china--as much as will furnish a
china-shop. Others buy old pictures--old furniture--old wines,--all
great bargains! There would be little harm in buying these old things,
if they were not so often bought at the expense of the connoisseur's
creditors. Horace Walpole once said, "I hope that there will not be
another sale, for I have not an inch of room nor a farthing left."

Men must prepare in youth and in middle age the means of enjoying old
age pleasantly and happily. There can be nothing more distressing than
to see an old man who has spent the greater part of his life in
well-paid-for-labour, reduced to the necessity of begging for bread, and
relying entirely on the commiseration of his neighbours, or upon the
bounty of strangers. Such a consideration as this should inspire men in
early life with a determination to work and to save, for the benefit of
themselves and their families in later years.

It is, in fact, in youth that economy should be practised, and in old
age that men should dispense liberally, provided they do not exceed
their income. The young man has a long future before him, during which
he may exercise the principles of economy; whilst the other is reaching
the end of his career, and can carry nothing out of the world with him.

This, however, is not the usual practice. The young man now spends, or
desires to spend, quite as liberally, and often much more liberally,
than his father, who is about to end his career. He begins life where
his father left off. He spends more than his father did at his age, and
soon finds himself up to his ears in debt. To satisfy his incessant
wants, he resorts to unscrupulous means, and to illicit gains. He tries
to make money rapidly; he speculates, over-trades, and is speedily wound
up. Thus he obtains experience; but it is the result, not of well-doing,
but of ill-doing.

Socrates recommends fathers of families to observe the practice of their
thrifty neighbours--of those who spend their means to the best
advantage,--and to profit by their example. Thrift is essentially
practical, and can best be taught by facts. Two men earn, say, five
shillings a day. They are in precisely the same condition as respects
family living, and expenditure Yet the one says he cannot save, and does