The honourable man is frugal of his means, and pays his way honestly. He does not seek to pass himself off as richer than he is, or, by running into debt, open an account with ruin. As that man is not poor whose means are small, but whose desires are uncontrolled, so that man is rich whose means are more than sufficient for his wants. When Socrates saw a great quantity of riches, jewels, and furniture of great value, carried in pomp through Athens, he said, "Now do I see how many things I do NOTdesire." "I can forgive everything but selfishness," said Perthes. "Even the narrowest circumstances admit of greatness with reference to 'mine and thine'; and none but the very poorest need fill their daily life with thoughts of money, if they have but prudence to arrange their housekeeping within the limits of their income."A man may be indifferent to money because of higher considerations, as Faraday was, who sacrificed wealth to pursue science; but if he would have the enjoyments that money can purchase, he must honestly earn it, and not live upon the earnings of others, as those do who habitually incur debts which they have no means of paying. When Maginn, always drowned in debt, was asked what he paid for his wine, he replied that he did not know, but he believed they "put something down in a book." (15)This "putting-down in a book" has proved the ruin of a great many weakminded people, who cannot resist the temptation of taking things upon credit which they have not the present means of paying for; and it would probably prove of great social benefit if the law which enables creditors to recover debts contracted under certain circumstances were altogether abolished. But, in the competition for trade, every encouragement is given to the incurring of debt, the creditor relying upon the law to aid him in the last extremity. When Sydney Smith once went into a new neighbourhood, it was given out in the local papers that he was a man of high connections, and he was besought on all sides for his "custom." But he speedily undeceived his new neighbours. "We are not great people at all," he said: "we are only common honest people--people that pay our debts."Hazlitt, who was a thoroughly honest though rather thriftless man, speaks of two classes of persons, not unlike each other--those who cannot keep their own money in their hands, and those who cannot keep their hands from other people's. The former are always in want of money, for they throw it away on any object that first presents itself, as if to get rid of it; the latter make away with what they have of their own, and are perpetual borrowers from all who will lend to them; and their genius for borrowing, in the long run, usually proves their ruin.
Sheridan was one of such eminent unfortunates. He was impulsive and careless in his expenditure, borrowing money, and running into debt with everybody who would trust him. When he stood for Westminster, his unpopularity arose chiefly from his general indebtedness. "Numbers of poor people," says Lord Palmerston in one of his letters, "crowded round the hustings, demanding payment for the bills he owed them." In the midst of all his difficulties, Sheridan was as lighthearted as ever, and cracked many a good joke at his creditors' expense. Lord Palmerston was actually present at the dinner given by him, at which the sheriff's in possession were dressed up and officiated as waitersYet however loose Sheridan's morality may have been as regarded his private creditors, he was honest(so far as the public money was concerned. Once, at dinner, at which Lord Byron happened to be present, an observation happened to be made as to the sturdiness of the Whigs in resisting office, and keeping to their principles--on which Sheridan turned sharply and said: "Sir, it is easy for my Lord this, or Earl that, or the Marquis of t'other, with thousands upon thousands a year, some of it either presently derived or inherited in sinecure or acquisitions from the public money, to boast of their patriotism, and keep aloof from temptation; but they do not know from what temptation those have kept aloof who had equal pride, at least equal talents, and not unequal passions, and nevertheless knew not, in the course of their lives, what it was to have a shilling of their own." And Lord Byron adds, that, in saying this, Sheridan wept. (16)The tone of public morality in money-matters was very low in those days. Political peculation was not thought discreditable; and heads of parties did not hesitate to secure the adhesion of their followers by a free use of the public money. They were generous, but at the expense of others--like that great local magnate, who,"Out of his great bounty, Built a bridge at the expense of the county."When Lord Cornwallis was appointed Lord-Lieutenant of Ireland, he pressed upon Colonel Napier, the father of THE Napiers, the comptrollership of army accounts. "I want," said his Lordship, "AN HONEST MAN, and this is the only thing I have been able to wrest from the harpies around me."It is said that Lord Chatham was the first to set the example of disdaining to govern by petty larceny; and his great son was alike honest in his administration. While millions of money were passing through Pitt's hands, he himself was never otherwise than poor; and he died poor. Of all his rancorous libellers, not one ever ventured to call in question his honesty.
In former times, the profits of office were sometimes enormous.