Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 109

Samuel Smiles《Thrift》· Thrift · Investing

He had the moral courage--a quality much wanted in these days--to tell his constituents some hard but honest truths. He argued with them about the coal famine, and their desire to prolong it. They were working three days a week, and idling the other days. Some of them did not do a stroke of work during a week or a fortnight; others were taking about a hundred Bank holidays yearly. But what were they doing with the money they earned? Were they saving it for a rainy day; or, when the "roaring times" no longer existed, were they preparing to fall back upon the poor-rates? He found that in one case a man, with his two sons, was earning seven pounds in a fortnight. "I should like," he said, "to see those Scotchmen who are in the mining business taking advantage of these happy times, and endeavouring by their industry to rise from their present position--to exercise self-help, to acquire property, and possibly to become coal masters themselves."

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 109 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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