CHAPTER I

Franklin's Moral Standing and System

NTIL a comparatively recent period totally false

UN

conceptions in some respects of Franklin's character were not uncommon. To many he was merely the father of a penurious, cheese-paring philosophy, and to no little extent the idea prevailed that his own nature and conduct corresponded with its precepts. There could be no greater error. Of the whole science of prudential economy a master indeed he was. (His observations upon human life, in its pecuniary relations, and upon the methods, by which affluence and ease are to be wrested from the reluctant grasp of poverty, are always sagacious in the highest degree. Poor Richard is quite as consummate a master of the science of rising in the world as Aristotle is of the Science of Politics or Mill of the Science of Political Economy. Given health and strength, a man, who faithfully complied with his shrewd injunctions and yet did not prosper, would be as much a freak of nature as a man who thrust his hand into the fire and yet received no physical hurt. The ready and universal assent given to their full truth and force by human experience is attested by the fact that The Way to Wealth, or The Speech of Father Abraham, "the plain, clean old Man with white Locks," in which Franklin, when writing one of the prefaces of Poor Richard's Almanac, condensed the wit and wisdom, original and

second hand, of that incomparable manual of The Art of Material Success, has, through innumerable editions and reprints, and translations into every written tongue from the French to the Russian and Chinese, become almost as well known to the entire civilized globe as the unbroken strain of the martial airs of England. So well calculated, it was thought, was it to promote sound principles of diligence and frugality that it was, we are told by Franklin, reprinted in England, to be set up in the form of a broadside in houses, and, when translated into French, was bought by the clergy and gentry of France for distribution among their poor parishioners and tenants. But so far from being the slave of a parsimonious spirit was Franklin that it would be difficult to single out any selfmade man who ever formed a saner estimate of the value of money than he did or lived up to it more fearlessly. In seeking money, he was actuated, as his early retirement from business proved, only by the high-minded motive to self-enrichment which is so pointedly expressed in the lines of Burns:

"Not for to hide it in a hedge,
Nor for a train attendant,

But for the glorious privilege
Of being independent."

No sooner did he accumulate a sufficient fortune to provide for the reasonable wants of his family and himself than he proceeded to make this fortune the handmaid of some of the higher things of life-wholesome reading, scientific research, public usefulness, schemes of beneficence. In 1748, when he was in the full flush of business success and but forty-two years of age, he deliberately, for the sake of such things, retired from all active connection with business pursuits. In a letter to Abiah Franklin, his mother, shortly after he found himself free

forever from the cares of his shop, he speaks of himself in these words: "I enjoy, thro' Mercy, a tolerable Share of Health. I read a great deal, ride a little, do a little Business for myself, more for others, retire when I can, and go into Company when I please; so the Years roll round, and the last will come; when I would rather have it said, He lived Usefully, than He died Rich." About the same time, he wrote to William Strahan, a business correspondent, that the very notion of dying worth a great sum was to him absurd, and just the same as if a man should run in debt for one thousand superfluities, to the end that, when he should be stripped of all, and imprisoned by his creditors, it might be said, he broke worth a great sum. On more than one occasion, when there was a call upon his public zeal, his response was generous to the point of imprudence. The bond that he gave to indemnify against loss the owners of the wagons and horses procured by his energy and address for Braddock's expedition led to claims against him to the amount of nearly twenty thousand pounds, which would have ruined him, if the British Government had not rescued him after long delay from his dreadful situation. Without hesitation he entered during his first mission to England into a personal engagement that an act taxing the estate of the Proprietaries of Pennsylvania in common with the estates of the People of Pennsylvania would not result in any injustice to the Proprietaries. On a later occasion, in order to prevent war between Great Britain and her Colonies, he was willing to bind himself, to the whole extent of his private fortune, to make pecuniary reparation for the destruction of the tea cast into Boston harbor, if the Province of Massachusetts did not do so. One of his last acts before leaving America for his mission to France was to place the sum of three or four thousand pounds, which was a large part of this fortune, and all the ready money at his command, at the disposal of Congress. His salary

as President of Pennsylvania was all given or bequeathed by him to public objects. The small sums, to which he became entitled as one of the next of kin of his father and his cousin, Mrs. Fisher, of Wellingborough, England, he relinquished to members of the family connection who needed them more than he did. Once, though a commercial panic was prevailing, he pledged his credit to the extent of five thousand pounds for the purpose of supporting that of a London friend. His correspondence nowhere indicates any degree of pecuniary caution in excess of the proper demands of good sense. On the contrary, it furnishes repeated testimony to his promptitude in honoring the solicitations of private distress or subscribing to public purposes. Conspicuously unselfish was he when the appeal was to his public spirit or to his interest in the general welfare of mankind. Among his innumerable benefactions was a gift of one thousand pounds to Franklin College, Pennsylvania. When he invented his open stove for the better warming of rooms, he gave the model to his friend, Robert Grace, who found, Franklin tells us in the Autobiography, the casting of the plates for the stove at his furnace near Philadelphia a profitable thing. So far from begrudging this profit to his friend, he wrote his interesting Account of the Newinvented Pennsylvanian Fireplaces to promote the public demand for the invention. A London ironmonger made some small changes in the stove, which were worse than of no value to it, and reaped, Franklin was told, a little fortune by it. "And this," he says in the Autobiography, "is not the only instance of patents taken out for my inventions by others, tho' not always with the same success, which I never contested, as having no desire of profiting by patents myself, and hating disputes." When he was actually engaged in the business of printing, a similar motive, so far as public spirit went, led him to offer to print a treatise by Cadwallader Colden on the

Cause of Gravitation at his own expense and risk. If he could be the means of communicating anything valuable to the world, he wrote to Colden, he did not always think of gaining nor even of saving by his business.

That the character of Franklin should ever have been deemed so meanly covetous is due to Poor Richard's Almanac and the Autobiography. The former, with its hard, bare homilies upon the Gospel of Getting on in Life and its unceasing accent upon the duty of scrimping and saving, circulated so long and so widely throughout the Colonies that the real Franklin came to be confused in many minds with the fictitious Poor Richard. Being intended mainly for the instruction and amusement of the common people, whose chief hope of bettering their condition lay in rigid self-denial, it is naturally keyed to unison with the ruder and austerer principles of human thrift. As to the Autobiography, with its host of readers, the only Franklin known to the great majority of persons, who have any familiarity with Franklin at all, is its Franklin, and this Franklin is the one who had to "make the night jointlaborer with the day," breakfast on bread and milk eaten out of a two-penny earthen porringer with a pewter spoon, and closely heed all the sage counsels of Poor Richard's Almanac before he could even become the possessor of a china bowl and a silver spoon. It is in the Autobiography that the story of Franklin's struggle, first for the naked means of subsistence, and then for pecuniary competency, is told; and the harsh self-restraint, the keen eye to every opportunity for self-promotion, and the grossly mechanical theory of morals disclosed by it readily give color to the notion that Franklin was nothing more than a sordid materialist. It should be remembered that it is from the Autobiography that we obtain the greatest part of our knowledge of the exertions through which he acquired his fortune, and that the successive ascending stages, by which he climbed the steep slopes that lead up from pov