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TN a conversation on thrift, Mr. Charles M. Whether the income runs into hundreds of

Schwab once told me the following story: thousands of dollars, or only a thousand or two, - “Not long ago the expenses of running my the management of the home is the wife's busiNew York home became exorbitant. I called in ness. C'nfortunately, many young wives do not the steward and said to him: 'George. I want to know how to spend wisely, because they were strike a bargain with you. I will give you ten given no opportunity to become familiar with per cent of the first thousand dollars you save in financial matters until they married. The result house expenses; twenty-five per cent of the is, when they start housekeeping they are igno second thousand, and one-half of the third rant of the laws of thrift; they have never learned thousand.' The expense of running the house by actual practice the real value of money, how was soon cut in two.”

to handle it, how to use The wise expendi.

it, how to get the most ture of one's income,

out of it, how to make whether it be small or The Friendly Hand

a little go just as far large, involves the By JAMES WHITCOMB RILEY

as possible. In sbort, same principles as the

they never learned how investment and handTHEN a man ain't got a cent,

to finance themselves, ling of the business

C an' he's feelin' kind o' blue, and know nothing man's capital. And And the clouds hang dark an' heavy, whatever about financthe successful business an' won't let the sunshine through, ing the home. So, man carries these prin It's a great thing, O my brethren, for when the husband ciples into the conduct a feller just to lay

turns over his salary, of all his affairs, his His hand upon your shoulder in a

or a certain allowance personal and housefriendly sort o'way.

for the household exhold expenditures, as

penses, the young, inwell as those relating

experienced wife makes directly to his business.

a very bad mess of the Even multi-millionaires have to be thrifty or whole financial matter. She gets into a muddle, their millions would take wings.

bungles things up, and spends unwisely, often

extravagantly, because she has never learned to NHERE is no other problem which causes so get the perspective of a definite income, so as to

| much discord, so much scrapping and un- know the right proportion for the different exhappiness in the home as the money question. penditures, to know what she can afford and And in a great majority of cases, all the trouble is what she cannot. caused by the lack of thrift, the ignoring of all business principles in financing the home. Be- THERE are many pitiable cases where young cause they have not been trained from childhood | married men find themselves in the dilemma in the wise expenditure of money, the tendency of the one pictured on our cover this monthof most young married people is to spend to the driven almost to desperation by the bills run up limit of their income and often far beyond it, by an inexperienced wife. We often see young at the very start when they begin housekeeping women, sincere and honest in their desire to help If they only knew how to start right, by adopting their husbands, but who had no training in the budget system, planning their expenditures financing themselves or in the handling of money in every particular-food, clothing, rent, recrea previous to their marriage, developing extrava-P tion, amusements, etc.-according to their gant habits in dress, and running into debt for earnings, always spending less than they luxuries. We find these wives of moderateearn, always laying aside a reasonable per- salaried husbands ordering expensive dishes in centage for future needs and possible emer restaurants, riding in taxicabs, patronizing ergencies, what a difference it would make in pensive florists, doing all sorts of things which their lives! What heartaches and heartbreaks, are away beyond their means. what discords and misery in the home could I know of an instance of this kind. The young be saved!

wife of a college professor with a salary of two

thousand a year, ran up accounts in the depart. dream of owning a home of their own may be ment stores, at garages, at the florists, at dress- realized. makers, and in all sorts of places, without realiz Theodore Roosevelt said, “If you would be ing what she was doing. She did not know how sure that you are beginning right, begin to save. careful she would need to be in spending her The habit of saving money, while it stiffens the husband's small salary. It never entered her will, also brightens the energies.” head to consider that marriage had changed her The moment a young man begins to save sysfinancial status; that instead of being the tematically, and to make wise investments, he daughter of a rich father, she was the wife of a becomes a larger man. He takes broader views poor man, and that her father would no longer of life. He begins to have a better opinion of himsend checks for her purchases when the bills were self, more confidence in his ability, in his power presented. Before she knew it she had run up to shoulder responsibility, to make his own large accounts that not only embarrassed her program, be his own boss. In early learning the husband for several years, but brought great lesson of thrift, he has taken the first step in the humiliation and suffer

development of sturdy ing upon herself.

character, the sort of When the bills began

character that distinto arrive and the young By the Side of the Road

guishes the best typ: wife awoke to a full By SAM WALTER FOSS

of self-made man. realization of her situa

TET me live in a house by the side tion, rather than tell

T ONCE sent an in1 of the road, her husband, she

1 terviewer to the pawned her jewelry, Where the race of men go by,

late Marshall Field to some of which were her They are good, they are bad, they

ask him, among other wedding presents. Of are weak, they are strong,

things, what he concourse the husband Wise, foolish; so am I.

sidered the turning found it out, and was Then why should I sit in the scorner's point in his career, not only shocked to seat

and his answer was: find himself heavily in Or hurl a cynic's ban?

“Saving the first five debt, but seriously

thousand dollars I ever Let me live in a house by the side of troubled because of his

had, when I might just the road wife's deception, even

as well have spent the And be a friend to man. though it was not quite

modest salary I made. intentional. Her ig

Possession of that sum, norance of the art of

once I had it, gave me financing herself and the home was really the the opportunity to meet opportunities. That I source of all the trouble.

consider the turning point."

John Jacob Astor, the founder of the Astor VERY girl, as well as every boy, should fortune, said that if it had not been for the saving

have a common-sense training in business of his first thousand he might have died in the matters, should be brought up to spend money almshouse. wisely and thriftily, not foolishly and extrava- Unless you make it a cast-iron rule to lay aside gantly. The girl who has had such a training a certain percentage of your earnings each week, will not be all at sea when she gets married and each month, you will never succeed in becoming has to run a home of her own. She will be pretty a really independent man or woman. You will sure to make a good manager of her household always be at the mercy of circumstances. No finances, a far better one than the average man matter how small it may be, or if you bave to go could by any possibility make.

without a great many things you think you need, I know of no other habit more valuable to a put a portion of your earnings away every year man or woman than the early formed habit of where it will be absolutely safe. You don't know thrift; not the stingy, squeezing, holding on what this will mean to you in case of illness, accihabit, but the habit of wise living and spending, dent or some unlooked for emergency when a the wise administration of one's money, of one's little ready money may save you from great personal and domestic affairs. A provident wife suffering or financial ruin. can establish such a system in domestic affairs The thrift habit opens the door to opportuthat, combined with her husband's efforts, the nity. It means that a man has foresight and home budget will take on remarkably large intelligence in planning his future. It is one of proportions, and within a short time the the foundation-stones of fortune and character.


© Underwood & Underwood, N.Y.

GILBERT K. CHESTERTON Prince of paradox and master of epigram, one of the few living authors whose words reach

all countries of the world


Famous British Author Who Sees All Things

from a Humorous Point of View

Says Chesterton: The modern novel impresses me as a sort of sack which people use as an indiscriminate dumping place for ideas."


TT was with mixed feelings that I approached is H. G. Wells, whom I consider one of the

Gilbert K. Chesterton for an interview for greatest, if not the greatest, of living Englishmen.

The New SUCCESS. In the first place, I ex- He is a writer of vast intellectual range and perpected to find a man whose dominating quality ception; but in spite of his depth of insight and was his geniality. In the next place, I was pre- his unquestionable sincerity, I feel that he is not pared to discover him to be one of those rare accomplishing much more than the others in a persons who cannot talk without being enter- sociological direction. For the fault with all the taining. I was not disappointed. A graying novelists who attack social problems is that they giant whose face bore the unmistakable marks do not seem to know where they are going. They of deep thinking, he was not only as interesting start moving somewhere, and seem to think it to listen to as the most brilliant lecturer, but as sufficient that they are moving, without knowing amiable as a child, and as prone to laughter as a in what direction; they set out toward an obchild.

jective they cannot see, with about the chance In fact, it was impossible to forget, while in his of success of a blind man who seeks to find a presence, that he had a sense of humor. He was light, or of a traveler who wishes to journey from disposing of witty remarks with such liberality New York to Boston, and indiscriminately leaps that before one had had time to recover from upon the first train he sees.” laughing at the first, a second would be forth Mr. Chesterton paused, for the smile which coming. It was not difficult to understand that had been broadening upon his face at last was he was a man famous for his paradoxes; he lost in laughter. His mirth was irresistible. It seemed to see through the paradox of life, and to was a moment or two before I had regained conperceive to its fullest its humorous possibilities. trol of myself sufficiently to inquire: And so it happened that laughter constantly. “For what reason do you believe that the would be interrupted our conversation.

novelists of reform do not know in what direction And that was not because the subject we were

they are going?discussing was in its nature comical. Far from that! Social and industrial reorganization is not TILL smiling, he continued, “I am afraid ordinarily considered an amusing topic. But that most of them are not sure enough of in the bands of Mr. Chesterton, it was made themselves. They are on the fence, and while literally to glitter.

they've decided to fall off, they haven't yet made What do you believe is to be the influence of the

up their minds on which side to fall. Not that novel in the regeneration of society?" was the

they have consciously placed themselves in this

embarrassing position-I do not mean to impugn question with which I began.

their sincerity-but all they know is that they “NHAT is something which I fear that few are not contented to remain where they are; and

( of the novelists could tell you,” Mr. since they're equally ignorant of all points where Chesterton replied. “Dozens of them are trying they are not, it appears immaterial to them in to have an influence; I am afraid they do not what direction they go. It's a matter of leaping know what influence they are trying to have in the dark, as it were. But as I'm afraid we Both in England and America, as you know, a can't base much hope for progress on such leaps, host of writers are attacking social problems; the I'm inclined to be sceptical of the beneficent subject was, perhaps, never before considered so sociological influence of the contemporary literary At the head of the list undoubtedly novel.”

But hasn't literature of social reform been among other things, is responsible for much of helpful in the past ?

the aimless adventuring of the present-day novel

of reform. In Prussia, State socialism was vir“V ES, indeed,” he acknowledged. “How- tually put into effect-or, at least, was put into

I ever, conditions were not always the same effect sufficiently for us to judge rather definitely as now. For example, consider the time when of the result. And that has not been to our liking. Thomas Hood wrote his ‘Song of the Shirt,' It has not been consistent with theory. In fact, which I regard as one of the greatest things of its it has slashed the most gorgeous theories with kind ever produced. In those days, the causes holes that have deflated them like punctured of abuse were evident to all. The capitalist then balloons. Moreover, in demolishing the theories, was usually the unenlightened small merchant or it has stolen the stock in trade of many novelists. manufacturer who could look with equanimity on Naturally, however, these novelists could not be any conditions of labor that brought him a expected to give up business even though their greater profit. To trace the abuses to his door stock in trade was gone. And so they have conwas accordingly comparatively easy; an indict. tinued placidly writing, as if ignorant of the fact ment brought in by any particular writer could that their object in doing so has disappeared. much more readily be turned to a sentence of Perhaps sometime they will find another object. guilty by the public; the problems could be But that possibility, unfortunately, does not solved with a facility

save the present situaproportionate to their

tion.” lack of seriousness.

FAITH is the greatest "Do you think that But subsequent events 1 magnetic power for the

contemporary writers are have complicated mat

trying to do too much ters. It has come to be

attraction of the things that by means of the novel?generally understood that the blame for belong to us.

“TN answer to that,” current evils can no

declared Mr. longer be justly

Chesterton, with the ascribed to any particular capitalist; and likewise, smile that never seemed to leave him, “I it has come to be recognized that industrialism is can only say that the novel, at present, ima mistake, and that some way out is necessary. presses me as a sort of sack which people The trouble, thus far, has been that proposed re- use as an indiscriminate dumping place for medies have tended to be worse than no remedy ideas, whether they concern the training of at all. Perhaps one of the greatest defects of the genius or the moral regeneration of the Zulu. present system has been the reformers. They They seem to think that there is nothing so have sometimes been more harmful than the evils flexible as the novel; it is a cloth that will cover they have tried to cure; they.constitute one of everything, from the philosophic theories of a the gravest indictments of the present system.” Spinoza to the maunderings of a soap-box

By this time we were both laughing so heartily politician. Once it was imagined that the essay that a halt in the discussion was necessary. I had was the proper vehicle for ideas; at present, men completely forgotten that this was an interview; seem to act as if their theories, hopes, complaints, it seemed more like a talk with some old friend. and prejudices can be given expression only in And without remembering that I had any the novel.” ulterior journalistic motives, I inquired:

But don't you believe that some novel of social But did not writers that urged reform in the reform may yet actually have a powerful influence?past know definitely where they were gaing?,

"DERHAPS,” said Mr. Chesterton, with an V ORE so than at present, surely," re- I ironic smile. “But, if so, it will be a

VI sponded Mr. Chesterton, a sly twinkle novel of a new type. It will not show us how in his eyes. “One of the reasons is that many of terrible present conditions are; it will not paint them were going in the wrong direction. When the grayness of factories, the filth of slums, the they found that out, they changed their course, viciousness of low wages, or the gauntness of threw the compass overboard and continued poverty. An acquaintance with all these things going. You see, the Fabians—the State Social- has already been drilled into our consciousness; ists, with Bernard Shaw among their leaders, we are all agreed that they are evils, though none have recently had a chance to observe some of of us are certain how to remedy them. The their theories in practice. That chance was in- story that brings to light the black core of present advertently given them by Prussia, which, conditions is doing no great service because we

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