The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1881-01-09
LIVERPOOL GRAIN.
LIVERPOOL, January, s, 200 Pm
Wheat and corn unchanged.

AZ - 81 aHSc lual III IIuico vi prosperity
men usually get deeper in debt instead of
getting out. 1t is hoped, however, that the
hard times Of the past seven years have
taught the evils Of debt, and that every man
will avail himself Of the returning prosper
ity to get free Of all embarrassments. Good
tunes inspires spirit Of speculation and
adventure, and men resort to temporary
expedients TO procrastinate the payment Of
what they owe, hoping and expecting to
use the money in hand and to become sud-
denly rich by wild speculation. When the
crash came in 1873 a majority, it is safe to
say, found themselves greatly indebted
and In many instances, in fact we might
say in the majority, farms and homesteads
were covered with mortgages
drawing a rate Of interest which was
ruinous 10y reasons Of the depreciation of the
value of all kinds Of farm products, and of
labor, many articles Of production being
scarcely worth the cost Of transportation to
market. The value of real estate of neces-
sity became demoralized and fell in keeping
with the value of labor ana the products Of
the SOIL until, in many instances, it became
absolutely unsaleable, and when it could be
sold at all, 1t was AT a price not to exceed the
mortgage debt and often much less, although
at the time the mortgage was given it did
not exceed one-quarter to one.third Of the
value of the real estate. The experience
was indeed a sad one, and many were un-
able to financially survive. We are glad
| to know that many have learned by their
experience that it is suicidal TO be in
debt and are now bending every effort to
! free themselves from the monster, which has
been eating up their substance. Crops
have been good for the last two years, and
prices for the past year have been such as
to fairly remunerGte the planter, and with
good crops and fair prices for them has
come a demand for labor at living wages.
The wise and discreet arc taking advantage
Of this state OF affairs, and using every dol
ar of surplus funds in removing the mo IT.
gage which they have been compelled to
carry, that they may in fact call their farms
their own. We would advise every one to
adopt this policy, and live up to it stead
tasty until they are entirely free from debt.
We would advise every one
to keep out of debt, to buy nothing,
unless it is absolutely necessary,
on time. We may reasonably expect a
period of general prosperity for the next ten
years, unless perchance some great and un.
expected calamity should betall the coun.
try. If this be true we can see no reason
why the people should not, with good crops
fair prices, abundance Of money and active
industry, get out of debt and he free and
independent from the fear of creditors,
sheriffs, constables and money lenders with
in the next two or three years which is not
more than half the period of reasonable
prosperity, which, from the signs Of the
times, we have reason to expect, leaving the
remaining time IN which to accumulate q
little ahead before the next financial storm
sweeps over the country, that they may be
able under their own unmortgaged roof to
smile at its fury, for to people entirely
out of debt 1t matters but little compar.
atively speaking, whether prices are high
or low.