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As you have desired it of me, I write the following hints; which have been of service to me, and may, if observed, be so to you.


REMEMBER that time is money. He that can earn tën shillings a day by his labour, and goes abroad, or fits idle one half of that day, though he spends but fixpence during his diverfion or idleness, ought not to reckon that the only expence; he has really spent, or rather thrown away, five shillings besides.

Remember that credit is money. If a man lets his money lie in my hands after it is due, he gives me the interest, or so much as I can make of it during that time. This amounts to a considérable sum where a man has good and large credit, and makes good use of it.

Remember that money is of a prolific generating nature. Money can beget money, and its offspring can beget more, and so on. Five fhillings turned is fix; turned again, it is seven and three-pence; and so on till it becomes an hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding fow, destroys all her offspring to the thousandth generation. He that murders a crown, destroys all that it might have produced, even scores of pounds.


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Remember that fix pounds a year is but a groat a day. For this little fum (which may be daily wasted either in time or expence, unperceived), a man of credit may, on his own fecurity, have the constant possession and use of an hundred pounds. So much in ftock, briskly turned by an industrious man, produces great advantage.

Remember this saying, “ The good paymaster is lord of another man's purse." He that is known to pay punctually and exactly to the time he promises, may at any time, and on any occafion, raife all the money his friends can fpare. This is sometimes of great ufe. After industry and frugality, nothing contributes more to the raising of a young man in the world, than punctuality and justice in all his dealings : therefore never keep borrowed money an hour beyond the time you promised, left a disappointment shut up your friend's purse for ever.

The most trifling actions that affect a man's credit are to be regarded. The sound of

your hammer at five in the morning, or nine at night, heard by a creditor, makes him easy fix months longer : but if he fees you at a billiard table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day; demands it before he can receive it in a lump.

It shews, besides, that you are mindful of what you owe; it makes you appear a careful, as well as an honest man, and that still increases

your credit.

Beware of thinking all your own that you possess, and of living accordingly. It is a miltake that many people who have credit fall into. To prevent this, keep an exact account, for some time, both of your expences and your in


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If you take the pains at first to mention particulars, it will have this good effect; you will discover how wonderfully small trifling expences mount up to large sums, and will discern what might have been, and may for the future be saved, without occasioning any great inconvenience.

In short, the way to wealth, if you desire it, is as plain as the way to market. It depends chiefly

on two words, industry and frugality ; that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them every thing. He that gets all he can honestly, and faves all he gets (neceffary expences excepted), will certainly become rich-- if that Being who governs the world, to whom all should look for a blessing on their honest endeavours, doth not, in his wife providence, otherwise determine.







The use of money is all the advantage there is in having money.

For fix pounds a year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.

He that spends a groat a day idly, spends idly above fix pounds a year, which is the price for the use of one hundred pounds.

He that wastes idly a groat's worth of his time per day, one day with another, waftes the privilege of using one hundred pounds each day.

He that idly loses five shillings worth of time, lofes five shillings, and might as prudently throw five shillings into the sea.

He that lofes five shillings, not only loses that sum, but all the advantage that might be made by turning it in dealing, which, by the time that a young man becomes old, will amount to a confiderable sum of money.

Again : he that sells upon credit, alks a price for what he sells equivalent to the principal and interest of his money for the time he is to be kept out of it; 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 poilefses 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 ; there. fore he charges, on all he fells 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 fav’d is two-pence clear ;
A pin a day 's a groat 2 year.

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