Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 282

Samuel Smiles《Thrift》· Thrift · Investing

And yet the private soldiers do not deposit all their savings in the military savings banks,--especially when they can obtain access to an ordinary savings bank. We are informed that many of the household troops stationed in London deposit their spare money in the savings banks rather than in the regimental banks; and when the question was on a recent occasion asked as to the cause, the answer given was, "I would not have my sergeant know that I was saving money." But in addition to this, the private soldier would rather that his comrades did not know that he was saving money; for the thriftless soldier, like the thriftless workman, when he has spent everything of his own, is very apt to set up a kind of right to borrow from the fund of his more thrifty comrade.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 282 · 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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