Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 285

Samuel Smiles《Thrift》· Thrift · Investing

A magistrate at Bilston, not connected with the employment of workmen, has mentioned the following case. "I prevailed," he says, "upon a workman to begin a deposit in the savings bank. He came most unwillingly. His deposits were small, although I knew his gains to be great. I encouraged him by expressing satisfaction at the course he was taking. His deposits became greater; and at the end of five years he drew out the fund he had accumulated, bought a piece of land, and has built a house upon it. I think if I had not spoken to him, the whole amount would have been spent in feasting or clubs, or contributions to the trades unions. That man's eyes are now open--his social position is raised--he sees and feels as we do, and will influence others to follow his example."

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 285 · 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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