The willingness to set aside capital arises from a desire to equalize as far as possible the means which provide for the present and the future, or else to better the future provisioning as circumstances allow. Even in the case of persons of small incomes this tendency is emphatically induced in order to protect oneself and family from hazards of unusual needs or of disturbances in the conditions of acquisition. I t may be observed that the inclination to save is stronger among that part of the working population that is above the subsistence level than it is in the lower reaches and even the higher strata of the middle classes, whose income is exhausted by the expenses that are indispensable to their manner of living and who may also be protected to a greater extent against fortuitous events by the institutions of their social station. The readiness to dedicate capital is especially marked when the current income is increased but the external conditions of life are not raised to higher standards and subjected to the demands of a more exalted social position. Individuals, raised to frugal habits and with little imagination to kindle their desires, are more favorably inclined to saving than others. But the one most predisposed is the miser, inured to the lure of extravagance and inclined to gloat over the charms of swelling revenues.