Depew, when the latter was a young man starting in life: "Any fool can make money, but it takes a very wise man to keep it."

The saving of money usually means the saving of a man. It means cutting off indulgences or avoiding vicious habits. It often means health in the place of dissipation. It means a clear brain instead of a cloudy and muddy brain.

The thrifty youth is shielded from a great many temptations which come to the idle, the purposeless, the spendthrift. Those who see only a good time in their spare change, in the balance of their salary after paying the necessary expenses, are liable to fall in with all sorts of evil associates and acquire bad habits, while the thrifty youth, who is always trying to make the best possible use of his time and money, does not mentally picture all sorts of good times in the expenditure of his spare change. He is master of himself as well as of his finances.

The moment a young man begins to save systematically and appreciates the true value of money he necessarily becomes a larger man. He takes broader views of life. He begins to have a better opinion of himself. Trust takes the place of doubt. His savings are the actual demonstration that he has not only the ability to earn, but also to keep his money, and, as has been said before, it takes greater wisdom to hold on to money than to make it.

There is no one thing, aside from honesty, which will cut such a great figure in one's life as the ability to finance himself on a sound, scientific basis of thrift. Every youth should have a thorough training in the value and wise use of money.

A multi-millionaire who is a self-made man tells me that not five men out of a hundred who have made money manage to hold on to it. They lose most, or all, of it sooner or later.

One of the most disheartening things in our great cities is that of the vast number of people, especially old men and women, who once had money, a good home and comforts, even luxuries, but who have lost all and are tossing about from pillar to post, moneyless, homeless, shifting from tenement to tenement, and from one cheap lodging house to another, often moving several times a year. Having no chance to recover their footing, to get rooted anywhere, to become identified with any particular community or to stand for anything, they gradually lose their identity and become mere wandering failures.

Go into the Mills hotels in New York, or into the cheap lodging houses in any large city, and practically all of the inhabitants of these places will tell you that they once had plenty of

money.

It is one thing to work hard to make money. It is quite another thing to be able to use the results of our efforts wisely.

The shrewd, far-sighted business man provides for possible business reverses, and usually puts away in good bonds, in life insurance, or in some other reliable investment, money enough to take care of those dependent upon him, or to enable him to start again in case of financial disaster. I believe that every young man should religiously resolve at the very outset of his career to lay aside a certain amount of his income regularly until he has placed himself and those dependent upon him absolutely beyond the possibility of want. He should never allow himself to be tempted to use this fund for any other purpose.

I know a man seventy years old, a man of ability, good habits, and a hard worker, who has been in business for himself since he was a young man, and yet to-day he is not nearly as well off as many of his employees.

Ouida, the famous woman novelist, who made a large fortune by her pen, was before her death reduced to absolute want because of her lack of thrift and her ignorance of business methods. Her wealth was dissipated in extravagance and in foolish investments.

The failure army to-day is largely recruited by people who are there because they never learned the value of money or how to handle it.

Tens of thousands of people who are now poor, without homes, living from hand to mouth, have earned enough to have made them independent if

they had used good sense in guarding their earnings.

Every child should have an allowance of some kind, if it is not more than five or ten cents a week, so that he will early know what money means. Instead of buying things for your children, let them, whenever possible, make their own purchases out of their allowance and under your direction. Let them feel the sacrifice they must make in parting with their money; that they cannot spend it and have it too. This should be especially emphasized in the purchase of candy, ice cream, or when money is spent in other ways for their own pleasure. It is an excellent thing to make young people realize the value of money, not to hoard it for its own sake, but to know how to spend it wisely, and to understand what a great power it is.

The Board of Education of New York City has already made a beginning in teaching the school children to finance themselves. It has established penny banks in the public schools, with the object of making the pupils thrifty as well as wise. The Board wants "to remove inducements to extravagance and to encourage the children to take care of their pennies until their savings have reached an amount that will enable them to open individual accounts with the banks."

One of the finest things I know of is a savings bank-book—there are no microbes in it to steal away your peace of mind. It is a guarantee of

competence and a letter of credit wherever you go. The man with "the bank-book habit" seldom gets laid off; he's the one who can get along without you, but you cannot get along without him. The bank-book habit means sound sleep, good digestion, cool judgment, and manly independence.

To get the "bank-book habit" is to conserve your funds, to protect your character, to bring order into your life and defy the ravages and revenges of time.

Samuel Smiles says, "There is something about a bank account which makes a man move about among his fellows with a little more confidence. It has saved the shedding of many a tear, relieved the pain of many an aching heart."

Why not start the habit to-day? No matter how few your dollars at the start—make the start. The possession of a bank account, however small, gives a wonderful sense of independence and power. The consciousness that we have a little ready money adds greatly to our comfort and increases a hundred per cent. our assurance and selfconfidence.

A story is told of a clergyman, one of the many overworked and underpaid members of his profession in this country, who had hard work to make both ends meet, and who for several successive weeks went on Saturday night to one of his parishioners and borrowed five dollars, which he always paid promptly the following Monday