The Complete Works in Philosophy, Politics and Morals of the late Dr. Benjamin Franklin, Vol. 3 [of 3]

By Benjamin Franklin

Page 316

one hundred pounds,
provided you are a man of known prudence and honesty.

He, that spends a groat a day idly, spends idly above six 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, wastes the privilege of using one hundred pounds each

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

He, that loses 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 considerable sum
of money.

Again: he, that sells upon credit, asks 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 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

He, that pays ready money, escapes, or may escape, that charge.

A penny sav'd is two-pence clear,
A pin a day's a groat a year.

_The way to make Money Plenty in every Man's Pocket[177]._

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

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 thrive, and will
never again cry with the empty belly-ach: 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

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Text Comparison with Franklin's Autobiography (Eclectic English Classics)

Page 21
equally approved; and I kept my secret till my small fund of sense for such performances was pretty well exhausted, and then I discovered[34] it, when I began to be considered a little more by my brother's acquaintance, and in a manner that did not quite please him, as he thought, probably with reason, that it tended to make me too vain.
Page 31
He being at Newcastle, forty miles below Philadelphia, heard there of me, and wrote me a letter, mentioning the concern of my friends in Boston at my abrupt departure, assuring me of their good will to me and that everything would be accommodated to my mind if I would return, to which he exhorted me very earnestly.
Page 41
This transaction fixed Ralph in his resolution of becoming a poet.
Page 43
He said all were put into the bag together, and he could not then come at them; but, before we landed in England, I should have an opportunity of picking them out; so I was satisfied for the present, and we proceeded on our voyage.
Page 47
At my first admission into this printing house I took to working at press,[69] imagining I felt a want of the bodily exercise I had been used to in America, where press work is mixed with composing.
Page 59
To lessen the rent, which was then but twenty-four pounds.
Page 81
| | | | ----------------------------------------------------- herbs at once, which would exceed his reach and his strength, but works on one of the beds at a time, and, having accomplished the first, proceeds to a second, so I should have, I hoped, the encouraging pleasure of seeing on my pages the progress I made in virtue, by clearing successively my lines of their spots, till in the end, by a number of courses, I should be happy in viewing a clean book, after a thirteen-weeks' daily examination.
Page 86
a good constitution; to industry and frugality, the early easiness of his circumstances and acquisition of his fortune, with all that knowledge that enabled him to be a useful citizen, and obtained for him some degree of reputation among the learned; to sincerity and justice, the confidence of his country, and the honorable employs it conferred upon him; and to the joint influence of the whole mass of the virtues, even in the imperfect state he was able to acquire them, all that evenness of temper and that cheerfulness in conversation which makes his company still sought for, and agreeable even to his younger acquaintance.
Page 91
In Pennsylvania, as it discouraged useless expense in foreign superfluities, some thought it had its share of influence in producing that growing plenty of money which was observable for several years after its publication.
Page 97
] [Footnote 124: Vaccination was not at this time known.
Page 104
Peters, who was out of employ, a fit person to superintend such an institution, I communicated the project to him; but he, having more profitable views in the service of the proprietaries, which succeeded, declined the undertaking; and, not knowing another at that time suitable for such a trust, I let the scheme lie awhile dormant.
Page 108
He put into my hands sixty pounds to be laid out in lottery tickets for the battery, with directions to apply what prizes might be drawn wholly to that service.
Page 112
offers himself to serve the society as their secretary till they shall be provided with one more capable.
Page 113
At length one mentioned me, with the observation that I was merely an honest man and of no sect at all, which prevailed with them to choose me.
Page 129
We found the general at Fredericktown, waiting impatiently for the return of those he had sent through the back parts of Maryland and Virginia to collect wagons.
Page 133
I received of the general about eight hundred pounds, to be disbursed in advance money to the wagon owners, etc.
Page 154
Pitt[193] gave it as one reason for removing this general, and sending Generals Amherst and Wolfe, that the minister never heard from him, and could not know what he was doing.
Page 158
One would have the sails trimmed sharper or flatter than another, so that they seemed to have no certain rule to govern by.
Page 159
I set out immediately, with my son, for London, and we only stopped a little by the way to view Stonehenge on Salisbury Plain, and Lord Pembroke's house and gardens, with his very curious antiquities at Wilton.
Page 168
industry we must likewise be steady and careful, and oversee our own affairs with our own eyes, and not trust too much to others; for, as Poor Richard says: I never saw an oft-removed tree, Nor yet an oft-removed family, That throve so well as those that settled be.