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Dictionary of Phrase and Fable—P

Penny Saved

(A). A penny saved is twopence gained. In French, “Uncentime épargné en vant deux.” Well, suppose a man asks twopence a piece for his oranges, and a baggler obtains hundred at a penny a piece, would he save 200 pence by his bargain? If so, let him go on spending, and he will soon become a millionaire. Or suppose, instead of paying 1,000 for a bad bet, I had not wagered any money at all, would this have been worth 2,000 to me?

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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