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Individual Administration

At the end of the first year, Jepson had a credit account in the savings bank of one hundred and seventy dollars. The second year he did not set aside quite so much. This was due to the fact that, during the first year, he had in hand a supply of clothing which later on had to be replenished. And yet the second year's allowance yielded in savings eighty dollars, making a total for two years of two hundred and fifty dollars. This amount, remember, he set aside not from his income but from his personal allowance. Hav ing determined never to trespass on his sal ary beyond this amount for his personal needs, his affairs soon straightened out, and Jepson found himself able to invest a little money from time to time.

Thus, the simple expedient of studying his own individual case, and of eliminating waste, made him a good manager, and the art of good management which he learned reflected its salutary influence upon all his finances. It must be remembered that the amount in volved in an operation of this kind is the fact of least value. Jepson earned a good income and was required by the demands of his business to pay for some things that a wage earner can afford to disregard. The principal value of this illustration is this : The allowance plan prevents any man, whether he earns much or little, from wasting money on himself. Generally it is wasted selfishly. The man who drinks and smokes, rarely thinks of making his wife an equal allowance that she may spend on little things, as dear to her as liquors and cigars may be to him.

An interesting story is told of a young woman who went into equal partnership with her husband, on the drink allowance.

The story may be said to illustrate the pos sibilities of every human being who earns any sum, however small. It shows that money in hand can be spent for so many things we do not need that before we know it, there is no money left.

It also shows that the old saying: "Many a mickle makes a muckle" is a sound one.

There was a young man in Manchester, England, who went to work in a calico-print ing factory. He earned good wages, and al ways spent his money as it pleased him, and one of his ways was to buy beer.

On the day this young man was married his young wife asked him to let her have money enough to buy two glasses of beer a day for herself. They both worked; he going from the factory to the saloon, and she going from the factory to put the house in order. Occasionally this young wife was

able to get her husband to come home a little earlier than usual and spend the hours they had free from work with her instead of with the men who drank beer until bedtime.

On the day they had been married a year— their first wedding anniversary—the husband said: "Mary, we have had no holiday since we were married. If I had a penny in the world I would take you to visit your mother." It showed a good heart if not a careful man, and Mary said : "Would you like to go, John? If so, I'll pay for the trip." John was amazed, and said: "How can you pay? Have you a fortune all at once?" "No," said Mary, "but I've been saving my pint of beer." "What ?" asked John.

"My pint of beer," and with that answer Mary went to the place where she had been hiding her pennies every day and brought the price of seven hundred and thirty glasses of beer.

She placed all the money in her husband's hands, and said: "John, we can have a holiday, and go to visit mother." Now, the best part of the story is this : John supposed all the year that Mary was, like himself, spending her pennies for beer that she drank day by day. When he real ized what it meant to have pennies in hand, and what it meant to have a wife like Mary, he said : "I'll never drink again." And he never did. He and Mary saved their pennies, made little investments care fully, and in a few years they had a country home, carriage, and a factory of their own.

Mary was a blessing.

We all wish to be rich, or well-to-do, and while we wish it we heartily curse the times and the taxes we must pay. But, after all, we make our own hard times, to an extent, and the heaviest taxes are those we impose upon ourselves.

John taxed himself for beer. We all pay this tax in one way or another.

We are all of John's kind. What Mary's thought awakened in John was not only a sense of the worth of money, but a sense of that which money represents. And the money represented John's labor, strength, skill, time and character. When he saw it in that light he realized how easy it is for a man to be foolish.

Well, no fun, no good times, no little pleas ures? Not first. As a man's money is his char acter, it must be divided and paid out as character demands. First, the bills are to be paid, then the amount to be saved, lastly, the money for pleasure; and this money should bring pleasure to all the family, not to one member of it alone.

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money, beer, mary, john and man