Note 97 — Chapter II · (continued 2)
N. I. (Nahum Isaac) Stone translation
Horace thus understands nothing of the philosophy of hoarding when he says (Satir. l. II., Satir. III): “Siquis emat citharas, emptas comportat in unum, Nec studio citharae nec musae deditus ulli; Si scalpra et formas non sutor; nautica vela Aversus mercaturis; delirus et amens, Undique dicatur merito. Qui discrepat istis, Qui nummos aurunque recondit nescius uti Compositis metuensque velut contingere sacrum?”
“If one buys fiddles, hoards them up when bought, Though music’s study ne’er engaged his thought, One lasts and awls, unversed in cobbler’s craft, One sails for ships, not knowing fore from aft, You’d call them mad: but tell me, if you please, How that man’s case is different from these, Who as he gets it, stows away his gain, And thinks to touch a farthing were profane?”
(Transl. by John Covington, London, 1874, p. 60.)
Mr. Senior understands the question much better: “L’argent paraît etre la seule chose dont le désir est universel, et il en est ainsi parceque l’argent est une richesse abstraite et parceque les hommes, en la possédant peuvent satisfaire à tous leur besoins de quelque nature qu’ils soient.” (“Principes Fondamentaux de l’Economie Politique, tirés de leçons edites et inedites de N. W. Senior, par Comte Jean Arrivabene,” Paris, 1836, p. 221. (The corresponding passage in the English edition of his Political Economy, London, 1863, is to be found on p. 27. Translator.) So does Storch: “Since money represents all other forms of wealth, it is only necessary to accumulate it to provide for oneself all kinds of wealth existing in the world.” (l. c., v. 2, p. 134.)