Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1872-08-03
WHOLESOME RULES.

j. Never incur liability that YOU do
not see your way clearly TO meet.
:. Never, upon auy account. ind re a
nn,e Tor a friend, unless either he gives
! You ample security, or Yea can al ri 10
/ lay 1t should your friend fail to. Mo.e
'a'n have been ruined hy cniorsin. for
others than IN any other way. May of
tie best business mcn, now days, utterly
refuse to endorse Tor any one, aud this is
BY far the best plan.
D Never fail to pay debt upon the
very day you have promised to, and upon
no account ever let your note be protested.
i. Never allow yourself to be dunned
twice fora bill. Iryou are not prepared!
topay it when first presented, fix day
when you will certainly pay it, and fail
not to be ready with the money when the
day comes. by observing these rules
your credit will soon come to be ranked A
l, and you will always be able to command
the best bargains, because, as the peo.
pie say, "you are just as good as the
bank"
D. Never have money "layins around
loose" or carry much with you, or keep
much on hand in your house. People
will find out your habits in this regard,
and people will talk, and the first thing
you know, a professional cracksman"
will pay you visit.
6. When sum of money is received, in.
vest it, first by paying any debts you owe,
second by securing everything you really
need. either for your family or your farm,
and third, if not required for either of
these purposes, loan it out on good sccuri-
ties.
Z. Beware of owning too much unpro-
ductvc real estate. The taxes make this
an Improbable investment.
8. Invest in no enterprise that you can
not to some extent look after yourself, or
which you do not fully understand. Much
capital is every year fooled away by in
vcstment in concerns managed by tricky
or impracticable men, which never pay a
dividend, and sooner or later are sold out
to pay the debts that have overwhelmed
them.
8. Beware ofspeculation. 1t is only gam
bling by another name; and the person
indulging in it is far more likely to lose
$40 in it than to make one.
10. 1fy you should he in debt for your
homestead: or indeed for any property, in.
sure your life for an amount sufficient to
pay the debt, should you unexpectedly
drop off, and thus avoid the possibility of
your heirs losing the whole property in
question, through inability to pay off the
claims against it.
IL. Never permit your expenses, in the
course of year, to exceed your income.
Bankruptcy is the natural result.
II. Collect any accounts that may be
due you without unnecessary delay. All
claims weaken by age, and the longer col
lection is postponed, the greater the chance
Of not recovering it at all.
l3. If you have slow debtor, compro-
mise your claim rather than let it hang
along Indefinitely. One dollar now is bet
ter than an indefinite prospect of five.
Better take what you can get and call it
square in such cases
II. Never 90 to law without the great
est reasons. 1t is game that both sides
get hurt at, and the chances are only about
one in three that you will get what you
consider justice.
Is. The best provision that can be made
for ones family is thorough education
for each one; we mean education in its
broadcst sense, embracing the entire prep
ara.ion for a useful life, and for self main
tcnance. This is better for every son and
daughter, than even the fortune of an AS
tor would be.