Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 427
Samuel Smiles《Thrift》· Thrift · Investing
Another actuary says: "A drunken father being shamed out of his drunkenness by the deposits of his children, now deposits half-a-crown a week in the bank. A notoriously bad man, a collier, became a regular depositor himself, as well as depositing money in the name of his child; all his spare money having previously been spent in drink. From the date of his beginning to save, a perceptible improvement took place in his conduct and character. In another case, two boys prevailed upon their father, also a collier, to allow them to deposit a shilling a week, until they had saved sufficient to buy themselves each a suit of new clothes. Before then, all their father's earnings, as well as their own, had been spent in drink."
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 427 · 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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