"Wealth can only be accumulated by the earnings of industry and the savings of frugality"

In this quote, former US President John Tyler is stressing the significance of effort and thriftiness in collecting wealth. He suggests that wealth is not something that can be easily gotten or inherited, but rather it needs to be earned through industry and conserved through thriftiness. This indicates that a person need to be persistent and committed in their work, and likewise bear in mind their spending habits in order to save and accumulate wealth. Tyler's words act as a tip that wealth is not a given, but rather an outcome of disciplined and responsible actions.