The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1879-08-15


So says the poet, aud the experience
Of many business man, As we'll q
many farmer has indorsed this state
ment- But is more especially applica-
bic 10 farmers. Merchants, from the
very nature Of their business, must trust
and be trusted in return. To them :
credit system Is indispensable When
q demand for certain article Is created
on short notice, the tradesman must be-
able TO supply his customers, and TO do
80 IL often becomes necessary for him
TO 20 in debt for the goods; but IL he
has foresight, buys with judgment and
understands his business, he viii in .
short time have disposed Of the goods
At profit and be ready 70 pay o. his
debt. Not 50 in the case Of the farmer.
In his business there are no sudden hits
70 be made. For him to 90 in debt, in
80 cases in 100 hampers his prosperity
instead Of promoting it. His income
consists in what he derives from the sale
Of his products, his grain. fruit, hay,
potatoes, stock and dairy produce
These are slowly produced Many
disasters beyond bis control. are liable
to interfere with his plans, Of which the
present condition Of affairs in England
furnishes striking example, and when
quick and sure returns can not be had
il is, to say the least, q hazardous policy
to go in debt.
What we desire to impress upon or
readers Is to keep clear Of debts. OF
all rash acts, we believe that To borrow
money even for permanent improve
ment, unless such Improvement il an
absolute necessity, is most likely to be
repented Of. A new house may afford
much cherished comfort, but comfort
bought with borrowed money is borrow
ed comfort. and must in the end. be
dearly paid for. 1t is not enough that
certain improvement will pay the in
terest on the money invested II it
pays only the interest, what will become
Of the principal? The tendency Of
things is to wear out and diminish in
value. The drains put into field, or .
new barn, can not last forever, and IL
improvements that return only the in
terest, are made on borrowed capital,
the condition stated NJ the outset viii
eventually ensue. the owner will be
forced to leave his home in the hands Of
his creditor. Again, the returns from
the farm are ordinarily 50 slow that be-
fore borrowed capital can be paid of,
the interest upon it may often amount
to once or ev twice the principal, and
the improvement becomes costly un-
dertaking. We do not mean 70 say
that no Improvements should be made
on the farm; without Improvements ag-
riculture would degenerate. What We
mean is that they should not be made
with capital borrowed on loose and su-
perficid calculations. But few men
have the sagacity TO foresee and judge
correctly Of the real value Of such in
vestments, and without such foresight
it becomes but little better than game
Of chance in which no man should stake
his independence
There is another class Of debts in
which some families thoughtlessly in
voive themselves II Is those little
items from the grocery, the hardware
store, the lumber yard, the shoemaker,
ETC., which, though seemingly innocent
and insignificant in the nselves, soon
swell in the aggregate into respectable
bills that will be doubly hard 10 pay A.
ter the goods have all been consumed
No one should buy on credit If be has
the cash wherewith to pay. though IL
be necessary to disturb . bank account,
and il the money Is not a. immediate
! command, il is better to contrive to do
without thing in some way, than to
! buy it on credit. To live within ones
means is an important lesson TO learn
No man Is rich whose expenditures
! exceed his income, though be dab
! bles in millions, while the one who can
save Ten cents day ID on the road 70
fortune.
Young men who are fettered BY pow
erty and who wish for the use Of few
hundred dollars wherewith TO start in
business, to finish course Of study, "a
buy piece Of land, or for any purpose.
I should hesitate twice before giving uF
; their Independence, and voluntarily
9 fling themselves into . creditors arms
!, Wait, work and pay ~ you 60. Iog
! may attain your object more slowly,
: but II will be reached Just a. surely and
y with infinitely greater satisfaction. i
y your good name Is al you can oder q
Q security, . rate of interest viii be 70
! suired which, under other circum
(. stances, would with propriety be term
:. ed exorbitant and usurious.
q "Hope springs eternal in the humal
q breast,' and 70 the young man VII
Q views life through rosy glasses, i seem
= an easy matter TO repay few hundre
p dollars; but when the money Is spen
p and the principal Is swelling with ID
e accommodating interest, the mistake
y too late discovered. Rural Ner YortSl
IS -"Look At de pieanna. foIkses.