5 March 2012

The Love of Property

James Boswell, entry for February 9th, 1763 in Boswell's London Journal (New York: McGraw-Hill, 1950), p. 186:
The love of property is strongly implanted in mankind. Property, to be sure, gives us a power of enjoying many pleasures which it can purchase; and as society is constituted, a man has a high degree of respect from it. Let me, however, beware of allowing this passion to take deep root. It may engross my affections and give me a meanness of spirit and a cold indifference to every manly and spirited pursuit. And when we consider what one gains, it is merely imaginary. To keep the golden mean between stinginess and prodigality is the point I should aim at. If a man is prodigal, he cannot be truly generous. His money is foolishly dissipated without any goodness on his part, and he has nothing to be generous with. On the other hand, a narrow man has a hard, contracted soul. The finer feelings are bound up, and although he has the power, he never can have the will to be generous. The character worthy of imitation is the man of economy, who with prudent attention knows when to save and when to spend, and acts accordingly.