The prevailing evil of the present day is extravagance. I know very well that the old are too prone to preach about modern degeneracy, whether they have cause or not; but, laugh as we may at the sage advice of our fathers, it is too plain that our present expensive habits are productive of much domestic unhappiness, and injurious to public prosperity. Our wealthy people copy all the foolish and extravagant caprice of European fashion, without considering that we have not their laws of inheritance among us; and that our frequent changes of policy render property far more precarious here than in the old world. However, it is not to the rich I would speak. They have an undoubted right to spend their thousands as they please; and if they spend them ridiculously, it is consoling to reflect that they must, in some way or other, benefit the poorer classes. People of moderate fortunes have likewise an unquestioned right to dispose of their hundreds as they please; but I would ask, Is it _wise_ to risk your happiness in a foolish attempt to keep up with the opulent? Of what _use_ is the effort which takes so much of your time, and _all_ of your income? Nay, if any unexpected change in affairs should deprive you of a few yearly hundreds, you will find your expenses have _exceeded_ your income; thus the foundation of an accumulating debt will be laid, and your family will have formed habits but poorly calculated to save you from the threatened ruin. Not one valuable friend will be gained by living beyond your means, and old age will be left to comparative, if not to utter poverty. There is nothing in which the extravagance of the present day strikes me so forcibly as the manner in which our young people of moderate fortune furnish their houses. A few weeks since, I called upon a farmer's daughter, who had lately married a young physician of moderate talents, and destitute of fortune. Her father had given her, at her marriage, all he ever expected to give her: viz. two thousand dollars. Yet the lower part of her house was furnished with as much splendor as we usually find among the wealthiest. The whole two thousand had been expended upon Brussels carpets, alabaster vases, mahogany chairs, and marble tables. I afterwards learned that the more useful household utensils had been forgotten; and that, a few weeks after her wedding, she was actually obliged to apply to her husband for money to purchase baskets, iron spoons, clothes-lines, &c.; and her husband, made irritable by the want of money, pettishly demanded why she had bought so many things they did not want. Did the doctor gain any patients, or she a single friend, by offering their visiters water in richly-cut glass tumblers, or serving them with costly damask napkins, instead of plain soft towels? No; their foolish vanity made them less happy, and no more respectable.