The two young men who thus talked were clerks, each receiving the salary already mentioned—­six hundred dollars.  One of them, named Hamilton, understood the use of money; the other, named Hoffman, practised the abuse of this important article.  The consequence was, that while Hamilton had a hundred dollars saved for a trip during his summer vacation, Hoffman was in debt for more than two or three times that amount.

The incredulous surprise expressed by Hoffman was sincere.  He could not understand the strange fact which had been announced.  For an instant it crossed his mind that Hamilton might only have advanced his seeming impossible economy as a cover to dishonest practices.  But he pushed the thought away as wrong.

“Not much room for waste of money on a salary of six hundred a year,” answered Hoffman.

“There is always room for waste,” said Hamilton.  “A leak is a leak, be it ever so small.  The quart flagon will as surely waste its precious contents through a fracture that loses only a drop at a time, as the butt from which a constant stream is pouring.  The fact is, as things are in our day, whether flagon or butt, leakage is the rule not the exception.”

“I should like to know where the leak in my flagon is to be found,” said Hoffman.  “I think it would puzzle a finance committee to discover it.”

“Shall I unravel for you the mystery?”

“You unravel it!  What do you know of my affairs?”

“I have eyes.”

“Do I waste my money?”

“Yes, if you have not saved as much as I have during the last six months; and yes, if my eyes have given a true report.”

“What have your eyes reported?”

“A system of waste, in trifles, that does not add anything substantial to your happiness and certainly lays the foundation for a vast amount of disquietude, and almost certain embarrassment in money affairs, and consequent humiliations.”

Hoffman shook his head gravely answering, “I can’t see it.”

“Would you like to see it?”

“O, certainly, if it exists.”

“Well, suppose we go down into the matter of expenditures, item by item, and make some use of the common rules of arithmetic as we go along.  Your salary, to start with, is six hundred dollars, and you play the same as I do for boarding and washing, that is, four and a half dollars per week, which gives the sum of two hundred and thirty-four dollars a year.  What do your clothes cost?”

“A hundred and fifty dollars will cover everything!”

“Then you have two hundred and sixteen dollars left.  What becomes of that large sum?”

Hoffman dropped his eyes and went to thinking.  Yes, what had become of these two hundred and sixteen dollars?  Here was the whole thing in a nutshell.

“Cigars,” said Hamilton.  “How many do you use in a day?”

“Not over three.  But these are a part of considered expenses.  I am not going to do without cigars.”