exaggerated it is an error which at the most would hurt the man who
took it, and not others. If he will never need the treasures which he
lays up for himself, they will one day benefit others whom nature
has made less careful. That until then he withdraws the money
from circulation is no misfortune; for money is not an article of
consumption: it only represents the good things which a man may
actually possess, and is not one itself. Coins are only counters;
their value is what they represent; and what they represent cannot be
withdrawn from circulation. Moreover, by holding back the money,
the value of the remainder which is in circulation is enhanced by
precisely the same amount. Even though it be the case, as is said,
that many a miser comes in the end to love money itself for its own
sake, it is equally certain that many a spendthrift, on the other
hand, loves spending and squandering for no better reason. Friendship
with a miser is not only without danger, but it is profitable, because
of the great advantages it can bring. For it is doubtless those who
are nearest and dearest to the miser who on his death will reap
the fruits of the self-control which he exercised; but even in his
lifetime, too, something may be expected of him in cases of great
need. At any rate one can always hope for more from him than from the
spendthrift, who has lost his all and is himself helpless and in debt.
_Mas da el duro que el desnudo_, says a Spanish proverb; the man who
has a hard heart will give more than the man who has an empty purse.
The upshot of all this is that Avarice is not a vice.

On the other side, it may be said that Avarice is the quintessence of
all vices. When physical pleasures seduce a man from the right path,
it is his sensual nature--the animal part of him--which is at fault.
He is carried away by its attractions, and, overcome by the impression
of the moment, he acts without thinking of the consequences. When,