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“Your mother has had,” said I, “what is the great want in America, perfect independence of mind to go her own way without regard to the way others go. I think there is, for some reason, more false shame among Americans about economy than among Europeans. ‘I cannot afford it’ is more seldom heard among us. A young man beginning life, whose income may be from five to eight hundred a year, thinks it elegant and gallant to affect a careless air about money, especially among ladies,–to hand it out freely, and put back his change without counting it,–to wear a watch chain and studs and shirt-fronts like those of some young millionaire. None but the most expensive tailors, shoemakers, and hatters will do for him; and then he grumbles at the dearness of living, and declares that he cannot get along on his salary. The same is true of young girls, and of married men and women, too,–the whole of them are ashamed of economy. The cares that wear out life and health in many households are of a nature that cannot be cast on God, or met by any promise from the Bible: it is not care for ‘food convenient,’ or for comfortable raiment, but care to keep up false appearances, and to stretch a narrow income over the space that can be covered only by a wider one.

“The poor widow in her narrow lodgings, with her monthly rent staring her hourly in the face, and her bread and meat and candles and meal all to be paid for on delivery or not obtained at all, may find comfort in the good old Book, reading of that other widow whose wasting measure of oil and last failing handful of meal were of such account before her Father in heaven that a prophet was sent to recruit them; and when customers do not pay, or wages are cut down, she can enter into her chamber, and, when she hath shut her door, present to her Father in heaven His sure promise that with the fowls of the air she shall be fed and with the lilies of the field she shall be clothed: but what promises are there for her who is racking her brains on the ways and means to provide as sumptuous an entertainment of oysters and champagne at her next party as her richer neighbor, or to compass that great bargain which shall give her a point-lace set almost as handsome as that of Mrs. Croesus, who has ten times her income?”

“But, papa,” said Marianne, with a twinge of that exacting sensitiveness by which the child is characterized, “I think I am an economist, thanks to you and mamma, so far as knowing just what my income is, and keeping within it; but that does not satisfy me, and it seems that isn’t all of economy; the question that haunts me is, Might I not make my little all do more and better than I do?”

“There,” said I, “you have hit the broader and deeper signification of economy, which is, in fact, the science of comparative values. In its highest sense, economy is a just judgment of the comparative value of things,–money only the means of enabling one to express that value. This is the reason why the whole matter is so full of difficulty,–why every one criticises his neighbor in this regard. Human beings are so various, the necessities of each are so different, they are made comfortable or uncomfortable by such opposite means, that the spending of other people’s incomes must of necessity often look unwise from our standpoint. For this reason multitudes of people who cannot be accused of exceeding their incomes often seem to others to be spending them foolishly and extravagantly.”

“But is there no standard of value?” said Marianne.

“There are certain things upon which there is a pretty general agreement, verbally, at least, among mankind. For instance, it is generally agreed that health is an indispensable good,–that money is well spent that secures it, and worse than ill spent that ruins it.