Moral excellence is an ornament for personal beauty; righteous conduct, for high birth; success, for learning; and proper spending, for wealth.
Accumulated wealth is saved by spending, just as incoming fresh water is saved by letting out stagnant water.
He who loses his money is forsaken by his friends, his wife, his servants, and his relations; yet when he regains his riches those who have forsaken him come back to him. Hence wealth is certainly the best of relations.
No country can long endure if its foundations are not laid deep in the material prosperity which comes from thrift, from business energy and enterprise, from hard, unsparing effort in the fields of industrial activity; but neither was any nation ever yet truly great if it relied upon material prosperity alone. All honor must be paid to the architects of our material prosperity, to the great captains of industry who have built our factories and our railroads, to the strong men who toil for wealth with brain or hand; for great is the debt of the nation to these and their kind. But our debt is yet greater to the men whose highest type is to be found in a statesman like Lincoln, a soldier like Grant. They showed by their lives that they recognized the law of work, the law of strife; they toiled to win a competence for themselves and those dependent upon them; but they recognized that there were yet other and even loftier dutiesâduties to the nation and duties to the race. We cannot sit huddled within our own borders and avow ourselves merely an assemblage of well-to-do hucksters who care nothing for what happens beyond. Such a policy would defeat even its own end; for as the nations grow to have ever wider and wider interests, and are brought into closer and closer contact, if we are to hold our own in the struggle for naval and commercial supremacy, we must build up our power without our own borders. We must build the Isthmian Canal, and we must grasp the points of vantage which will enable us to have our say in deciding the destiny of the oceans of the East and the West.
The way to wealth is as plain as the way to market. It depends chiefly on two words: industry and frugality â that is, waste neither time nor money, but make the best use of both.
Accumulated wealth is saved by spending, just as incoming fresh water is saved by letting out stagnant water.