It is a great misfortune of the present day, that almost every one is, by his own estimate, raised above his real state of life. Nearly every person you meet with is aiming at a situation in which he shall be exempted from the drudgery of laboring with his hands.

Now we cannot all become 'lords' and 'gentlemen,' if we would. There must be a large part of us, after all, to make and mend clothes and houses, and carry on trade and commerce, and, in spite of all that we can do, the far greater part of us must actually work at something; otherwise we fall under the sentence; 'He who will not work shall not eat.' Yet, so strong is the propensity to be thought 'gentlemen;' so general is this desire amongst the youth of this proud money making nation, that thousands upon thousands of them are, at this moment, in a state which may end in starvation; not so much because they are too lazy to earn their bread, as because they are too proud!

And what are the consequences? A lazy youth becomes a burden to those parents, whom he ought to comfort, if not support. Always aspiring to something higher than he can reach, his life is a life of disappointment and shame. If marriage befall him, it is a real affliction, involving others as well as himself. His lot is a thousand times worse than that of the common laborer. Nineteen times out of twenty a premature death awaits him: and, alas! how numerous are the cases in which that death is most miserable, not to say ignominious!

Section IV. On Economy.

There is a false, as well as a true economy. I have seen an individual who, with a view to economy, was in the habit of splitting his wafers. Sometimes a thick wafer can be split into two, which will answer a very good purpose; but at others, both parts fall to pieces. Let the success be ever so complete, however, all who reflect for a moment on the value of time, must see it to be a losing process.

I knew a laboring man who would hire a horse, and spend the greater part of a day, in going six or eight miles and purchasing half a dozen bushels of grain, at sixpence less a bushel than he must have given near home. Thus to gain fifty cents, he subjected himself to an expense, in time and money, of one hundred and fifty. These are very common examples of defective economy; and of that 'withholding' which the Scripture says 'tends to poverty.'

Economy in time is economy of money—for it needs not Franklin to tell us that time is equivalent to money. Besides, I never knew a person who was economical of the one, who was not equally so of the other. Economy of time will, therefore, be an important branch of study.

But the study is rather difficult. For though every young man of common sense knows that an hour is sixty minutes, very few seem to know that sixty minutes make an hour. On this account many waste fragments of time,—of one, two, three or five minutes each—without hesitation, and apparently without regret;—never thinking that fifteen or twenty such fragments are equal to a full hour. 'Take care of the pence, the pounds will take care of themselves,' is not more true, than that hours will take care of themselves, if you will only secure the minutes.[1] ]

In order to form economical habits, several important points must be secured. You must have for every purpose and thing a time, and place; and every thing must be done at the time, and all things put in their place.

1. Every thing must be done at the time. Whether you attempt little or much, let every hour have its employment, in business, study, social conversation, or diversion; and unless it be on extraordinary occasions, you must not suffer your plan to be broken. It is in this way that many men who perform an incredible amount of business, have abundant leisure. And it is for want of doing business systematically that many who effect but little, never find much leisure. They spend their lives in literally 'doing nothing.'