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therefore, he, that buys upon credit, pays interest for what he buys, and he, that pays ready money, might let that money out to use: so that he, that possesses any thing he has bought, pays interest for the use of it.
Yet, in buying goods, it is best to pay ready money, because he, that sells upon credit, expects to lose five per cent by bad debts; therefore he charges, on all he sells upon credit, an advance, that shall make up that deficiency.
Those, who pay for what they buy upon credit, pay their share of this advance.
He, that pays ready money, escapes, or may escape, that charge.
A penny sav'd is two-pence clear,
way to make Money Plenty in every Man's Pocket*. AT this time, when the general complaint is, that
money is scarce," it will be an act of kindness to inform the moneyless how they may reinforce their pockets. I will acquaint them with the true secret of money-catching, the certain way to fill empty purses, and how to keep them always full. Two simple rules, well observed, will do the business.
First, let honesty and industry be thy constant companions; and
Secondly, spend one penny less than thy clear gains.
Then shall thy hide-bound pocket soon begin to
From the American Museum, vol. II. p. 86. Editor.
thrive, and will never again cry with the empty bellyach: neither will creditors insult thee, nor want oppress, nor hunger bite, nor nakedness freeze thee. The whole hemisphere will shine brighter, and pleasure spring up in every corner of thy heart. Now, therefore, embrace these rules and be happy. Banish the bleak winds of sorrow from thy mind, and live independent. Then shalt thou be a man, and not hide thy face at the approach of the rich, nor suffer the pain of feeling little when the sons of fortune walk at thy right hand: for independency, whether with little or much, is good fortune, and placeth thee on even ground with the proudest of the golden fleece. Oh, then, be wise, and let industry walk with thee in the morning, and attend thee until thou reachest the evening hour for rest. Let honesty be as the breath of thy soul, and never forget to have a penny when all thy expences are enumerated and paid: then shalt thou reach the point of happiness, and independence shall be thy shield and buckler, thy helmet and crown; then shall thy soul walk upright, nor stoop to the silken wretch because he hath riches, nor pocket an abuse because the hand which offers it wears a ring set with diamonds.
New Mode of Lending Money*.
Paris, April 92, 1784. I SEND you herewith a bill for ten louis d'ors. I do not pretend to give such a sum. I only lend it to you.
* From the Gentleman's Magazine, for September, 1797; communicated by the gentleman who received it. Editor.
When you shall return to your country, you cannot fail getting into some business, that will in time enable you to pay all your debts. In that case, when you meet with another honest man in similar distress, you mustpay me by lending this sum to him, enjoining hija, to discharge the debt by a like operation, when he shall be able, and shall meet with such another opportunity. I hope it may thus go through many hands before it meet with a knave to stop its progress. This is a trick of mine for doing a good deal with a little money. I am not rich enough to afford much in good works, and so am obliged to be cunning and make the most of a little.
An Economical Project*.
TO THE AUTHORS OF THE JOURNAL.
MESSIEURS, YOU often entertain us with accounts of new discoveries. Permit me to communicate to the public, through your paper, one, that has lately been made by myself, and which I conceive may be of great utility.
I was the other evening in a grand company, where the new lamp of Messrs. Quinquet and Lange was introduced, and much admired for its splendor; but a general enquiry was made, whether the oil it consumed
" A translation of this letter appeared in one of the daily papers of Paris about the year 1784. The following is the original piece, with some additions and corrections made in it by the author.” Note by the editor of the Repository, from which we extract the letter, Editor.
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was not in proportion to the light it afforded, in which case there would be no saving in the use of it. No one present could satisfy us in that point, which all agreed ought to be known, it being a very desirable thing to lessen, if possible, the expence of lighting our apartments, when every other article of family expence was so much augmented.
I was pleased to see this general concern for economy, for I love economy exceedingly.
I went home, and to bed, three or four hours after midnight, with my head full of the subject. An accidental sudden noise waked me about six in the morning, when I was surprised to find my room filled with light; and I imagined at first, that a number of those lamps had been brought into it: but, rubbing my eyes, I perceived the light came in at the windows. I got up and looked out to see what might be the occasion of it, when I saw the sun just rising above the horison, from whence he poured his rays plentifully into my chamber, my domestic having negligently omitted the preceding evening to close the shutters.
I looked at my watch, which goes very well, and found that it was but six o'clock; and still thinking it something extraordinary, that the sun should rise so early, I looked into the almanack, where I found it to be the hour given for his rising on that day. I looked forward too, and found he was to rise still earlier every day till towards the end of June; and that at no time in the year he retarded his rising so long as till eight o'clock. Your readers, who with me have never seen any signs of sunshine before noon, and seldom regard the astronomical part of the almanack, will be as much astonished as I was, when they hear of his rising so 6
early; and especially when I assure them, that he gives light as soon as he rises. I am convinced of this. I ain certain of my fact. One cannot be more certain of any fact. I saw it with my own eyes. And, having repeated this observation the three following mornings, I found always precisely the same result.
Yet so it happens, that when I speak of this discovery to others, I can easily perceive by their countenances, though they forbear expressing it in words, that they do not quite believe me. One, indeed, who is a learned natural philosopher, has assured me, that I must certainly be mistaken as to the circumstance of the light coming into my room ; for it being well known, as he says, that there could be no light abroad at that hour, it follows that none could enter from without; and that of consequence, my windows being accidentally left open, instead of letting in the light, had only served to let out the darkness: and he used many ingenious arguments to shew ine how I might, by that means, have been deceived. I own, that he puzzled me a little, but he did not satisfy me; and the subsequent observations I made, as above mentioned confirmed me in my first opinion.
This event has given rise in my mind to several serious and important reflections. I considered that, if I had not been awakened so early in the morning, I should have slept six hours longer by the light of the sun, and in exchange have lived six hours the following night by candle-light; and the latter being a much more expensive light than the former, my love of economy induced me to muster up what little arithmetic I was master of, and to make some calculations, which I shall give you, after observing that utility is, inámy 2 H 4