Do you wonder that I should have said 80 much to you about spending money on ourselves and never a word on what we spend on others! Need I say that, however right and proper may be the expenditure on self-improvement and enjoyment, there remains the higher ideal, where a man voluntarily and cheerfully denies himself the benefits he might otherwise have gained, in order that he may bestow them upon others less fortunate than himself. IfT have said nothing about the sccritice of money, it was not because I underrated its importance, but because I knew myself incompetent to advise you on a matter which concerns so deeply the inner life of each one of you. One branch of it, the Tthink wit perfect propriety have been question of spending money on alms, might
introduced ina lecture of this kind and I did, indeed, purpose its discussion; but the more I considered its wide and intricate bearingsthe morel shrank from the attempt. The subject is well worth an evening to itself, and, if I mention it now, it is only because I think that the economics of charity has hardly received the attention it deserves and I would submit it to you as a fruitful topic for one of your subsequent lectures.
And now let us hark back over the long track we have travelled together and see what ideas we have gathered by the way.
Having defined surplus money we came certain conclusions regarding it. That—1,—The Origin of Money is threefold (a) Income. (U) Abstinence; (c) Investment.
2.—The Accumulation of Money depends upon three conditions:—(#/ Luxury; (6) Security; (c) A certain Intellectual Habit.
3.—The Uses of Money we shortly described as:—(a) Sinews of Government; (b) Mainstay of Commerce. (¢) Chief factor in Progress.
4.—The Spending of Money is in the hands of:—(a) Governments and Munici-polities, (b) Joint Stock Companies.
5.—The Dangers of Misspending Money (4) Political, (b) 2sthetic, (c)
Remedies for Misspending—(a) Legal restrictions; negative inion; too lax to ibility.
We then proceeded to discuss our responsibility with regard to 7.—The Lending of Mouey:—(a) Government Loans; an indirect responsibility, (b) Personal Loans; a direct responsibility. (c) Interest; return for lender's services to borrower—With regard to—8.—The Investment of Money. We decided that the test of a legitimate in-yestment was that the enterprise was one in which we could honestly: engage ourselves, and that when we felt we could no be connected with it we were justin passing on our interest in it to another who had less scruples in the matter.
And that—upon our ideal of life. Thatit wasn't only 9.—The Enjoyment of Money depended
lawful but beneficial when the enjoyment was recreative and not dissipative.
But that—
10.—The Sacrifice of Money remained as the highest ideal of all, when we voluntarily denied ourselves for the good of others.
Text read from the printed page and cleaned; old type leaves the occasional error.