Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1868-09-19
Getting In Debt.


IL it ever advisable for a man 10 get in
deb!! AIosi certainty, for il 10 by doing
50 that at least ninety out Of every hun
dred OF our most successful merchants
and farmers have reached the position in
which they now stand. We know that
such advice ID not generally considered
orthodox among our political economists,
end wo also know that our forests and
praIfies would in e great measure have
remained in their primitive wiIdneSs il the
men who now people Them had kept ouI
f debt.
Shall young man get in debt for
farm, or would It be better to work for
somebody else until he is able to pay for
ii with bis own money! We say buy
she farm and pay for it when you can
This is the system which has been in
vogue ever since tie settlement Of Amori-
ca, and wo know OF no country thal has
msde more rapid progress, nor one in
which the farmers are more Independent.
Suppose a man has htlle capital, say
three thousand dollars, and wishes 10 pur-
chsse farm worth that sum; now It be-
comes question Of policy whether ho
shall pay all The purchase money dawn or
only portion Of il, rc,erving the balance
as working capital. We believe that tho
later would DO The best plan, ,for what con
man do with land if ho has nei,hor team
nor tools with which 10 cultivate his
cIops1 This being in deb, is not always
very agreeable position, but il has been
the meana Of making more fortunes Ihan
all other causes put together. Debt is Of
ton The poor mans capital, and the young
man who can establish good credit is on
tho high road 10 SUCCESS, and If he does
not reach tho goal il is because nc is too
much Of an imbeCile 10 take advantage Of
his circumstance.
The great occrot OF getting into debt is
in never purchasing anything that is not
worth ns much or liite moro than you
pay for il, or TO putt in a better light,
buy that which Is Suro 10 rise annually in
value more than the in,Ores. on the sum
paid.
Fast clothes, fast horses, Jewelry, and
wines that you and your friends have con
gumod during the year sro not usually IN
lhis.class Of property, but a good farm
well ulled good stock veil cared for, arc
pretty sure 10 pay; therefore wo say
again, you men who mean TO work need
mol be afraid to get into debt. To owe
money which you mean 10 pay is one OF
the greatest prevcutives against soth with
witch we are acquainted, and ii has been
the saving Of many naturally indolen'
man.
There arc plenty of mon who have
more capital Ihan they can use 10 adyan-
tago, and there are others who have encr-
gy, tact, and good financial abilities, but
no money. 1t must be apP7ron' that eaC"
con be Of assistance TO tho other, but one
Of them musl get into debt
The man With Douey Is usually SITS
fed with seven per cent. per annum, sui
the man without il can, if he has the s5ll.
i,y, afford TO psy this sum, for II ooconsa
the implement with which be Is to cave
ou, competency, il not fortune.
70 man can cDl cOTuWOod WIN ~"
axei a, the same tune and work 20 On i'd
vantage, consequently he had better lend
one 10 Ills neighbur who has none, thar
to keep both OF them himself; aud iu''he'
cannot the noigbbor better afford 10 pa
small sum for ibe use Of he axe ib" to
DO nothing for the want Of ~ We hink
So
This is just the position IN w''h We
often fnd two nen-ono has a ian 70 'ei.
\ credi. or money to lend, ~h'ie The
other has neither.
There are thousands o! 'fme's who
bavs more land than theysn cultivate
prof,ably therefore it wd"d be to tn''
advantage to sell Po'pn on credit TO
those who could.