Memoirs of Benjamin Franklin; Written by Himself. [Vol. 2 of 2] With his Most Interesting Essays, Letters, and Miscellaneous Writings; Familiar, Moral, Political, Economical, and Philosophical, Selected with Care from All His Published Productions, and Comprising Whatever Is Most Entertaining and Valuable to the General Reader

By Benjamin Franklin

Page 37

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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 ten shillings a day by
his labour, and goes abroad or sits idle one half of that day, though he
spends but sixpence during his diversion or idleness, ought not to
reckon _that_ the only expense; 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 considerable sum where a man has
good and large credit, and makes good use of it.

Remember that money is of the prolific, generating nature. Money can
beget money, and its offspring can beget more, and so on. Five shillings
turned is six, turned again it is seven and threepence, and so on till
it becomes a 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-sow, destroys all her offspring to the thousandth
generation. He that murders a crown, destroys all that it might have
produced, even scores of pounds.

Remember that six pounds a year is but a groat a day. For this little
sum (which may be daily wasted either in time or expense unperceived) a
man of credit may, on his own security, have the constant possession and
use of a hundred pounds. So much in stock, 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 occasion, raise all the money his
friends can spare. This is sometimes of great use. 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, lest 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

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Text Comparison with Benjamin Franklin and the First Balloons

Page 0
Smyth, the editor of the last and most complete edition of Franklin's Works,[1] who made careful search for the original documents.
Page 1
Page 2
It is suppos'd to have burst by the Elasticity of the contain'd Air when no longer compress'd by so heavy an Atmosphere.
Page 3
He was complimented on his Zeal and Courage for the Promotion of Science, but advis'd to wait till the management of these Balls was made by Experience more certain & safe.
Page 4
So vast a Bulk when it began to rise so majestically in the Air struck the spectators with surprise and Admiration.
Page 5
a tree, and was torn in getting it down; so that it cannot be ascertained whether it burst when above, or not, tho' that is supposed.
Page 6
When it went over our Heads, we could see the Fire which was very considerable.
Page 7
This Method of filling the Balloon with hot Air is cheap and expeditious, and it is supposed may be sufficient for certain purposes, such as elevating an Engineer to take a View of an Enemy's Army, Works, &c.
Page 8
Thus the great Bulk of one of these Machines, with the short duration of its Power, & the great Expence of filling the other will prevent the Inventions being of so much Use, as some may expect, till Chemistry can invent a cheaper light Air producible with more Expedition.
Page 9
--I purpose being present to-morrow at the Experiment, and shall give you an Acc^t of it by the Wednesday's Post.
Page 10
great Balloon was near, and a small one was discharg'd which went to an amazing Height, there being but little Wind to make it deviate from its perpendicular Course, and at length the Sight of it was lost.
Page 11
Tuesday Evening.
Page 12
La Chute du Jour l'a determine a redescendre une lieue et 1/2 plus loin, aux environs de Fouroy.
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The signature is in pencil in this copy.
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6, "M.