ar and necessary claims upon your
finances will leave but little over for the indulgence of pleasure or
fancy.

The expenses of an University education are often most unfairly
exaggerated by writers and speakers, who are fond of running down all
old institutions. These carpers affect to set down to the score of the
University all the money that is spent by the young men who reside in
it. They seem to forget that, wherever a young man may be, he must eat
and drink, and must purchase clothes suitable to his station in society.
I was myself, as you probably know, at Christ Church, where I took my
degree, and afterwards became a Fellow of Oriel. At Oriel, (which may
probably be taken as a fair average of the rest of the University,) the
_necessary_ annual expenses of a commoner are from 70l. to 80l., or
thereabouts[101:1]. This includes room-rent, batels, (that is,
breakfast, dinner, &c. _exclusive_ of tea and sugar), tuition,
University and College dues, coals, letters, washing, servants. The
University dues are less than 1l. per annum. There are, perhaps, few
places in England, where a gentleman can be comfortably lodged and
boarded at a much cheaper rate. Still there will always be many
incidental expenses, and you must put in practice a pretty severe
economy in order to meet them.

In the manner in which you spend your money, as in every thing else,
accustom yourself to a certain degree of self-denial. Do not buy any
thing merely because it hits your fancy, and you think you should _like
to have it_, but consider whether you cannot easily _do without it_. Be
as liberal as you can reasonably afford to be in assisting others,
especially the poor, but spend as little as you can help upon yourself.
Above all, never buy, or order, any thing which you are unable to pay
for.

The habit of running in debt is pregnant with evil and misery of every
description. It often--perhaps generally--amounts to positive
dishonesty. The money which you owe a tradesman is really his property.
The articles, which you have received from him, are hardly your own,
until you have paid for them. If you keep them, without paying for them
when the seller wishes and asks for payment, you deprive a man of that
which belongs to him; and is not that something approaching to robbery?
To a man possessed of proper feeling and a nice sense of honour, it must
be very painful to suffer a tradesman to ask twice for what is clearly
his right. To affect to be