The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-06-19

A writer once said: "Debt is q bless
Ing To y young man. and then went on
to show that young man in debt nc
lni,ed habits Of saving by cndcavoring
10 lilniiatc tho debt, and that DISPOSE.
tion having been established would
prove blessing. While to q certain
extent this may be true, yet M n whole
the fnllacy OF such proposition or
principle In obvious to the most casual
observer. Debt IN, on tho contrary, q
Ind thing for any man, young or old,
to got into. To DO sure there arc times
and circumstances which will place a
man In debt IN spite OF himself, but yet
II IL false and untcnablc notion to say
that debt il blessing, when in fact it
In to mn honorable man MI irksome bur-
den, md a burden which contains more
elements Of encouragement than any
other ono thing in tho life of u man.
Debt To nh honorable man means wor.
~. II means the undermining of health,
In many instances, by over exertion to
discharge the obligation. A man whose
health Inns thus been impaired cannot
look with any degree Of satisfaction up
on a debt as 4 blessing, but on the con-
trary hc considers, md rightly too, that
II IL curse. The aim, then, OF man,
especially young man, should be to
keep out OF debt A moro healthy
habit Of economy would he engendered
by such course, and the schooling de-
rived from curbing the desire for things
leyond ones means would prove by far
the greater blessing thau that supposed
IL exist in debt.
To contract 4 debt, II mans credit
must be good. Credit, then, may be,
or Il may not he, good thing. Il is a
good thing in so far rs il can be main
tanned, but il cannot be sustained il the
possessor of it persists in contracting
debts. II would b. of far greater ben
lit to refuse young man credit than to
give il. and allow him to assume burden.
somo obligations. II a young man
desires to put on airs with n
suit of broadcloth, and can OLD.
tain that suit only on credit, il
would bc fur better to compel him
first To save his money with which to
make the purchase. BY such course,
not only tho tradesman but the Young
man would hc benefited. The first, by
avoiding questionable account on his
books, and tho second, hy acquiring a
habit of saving money for some special
object. In n great many instances this
desire to save would become a perma-
nent desire, and the young man would
not only lay by means for fine suit of
clothes, but hc would get into the habit
OF Saving something for rainy day,
or to go into business The denial OF
credit il liable to stimulate a young
man TO laying the foundation, and
building up Of fortune. His credit
would thus I've firmly established, but,
having formed thrifty habits, he has
no special need OF il, but should a
time come. he will find himself in a
position to command credit in any le-
ultimate enterprise, where it would he
equal 10 an unlimited amount of ready
cash. His thriftiness, and previous
record OF not incumbering himself with
debts, having thoroughly established
his credit and the confidence Of others
in his financial ability. When such is
tho case then il may he that he can con-
slider his credit blessing, but, rs a
rule, It should not so he considered,
and, on the contrary. it should be
avoided and no debts contracted. Tho
man who works on salary Is wise in
not contracting debts, no matter how
highly his credit may be considered.
lie may. in an unlocked for hour, find
himself on, of employment and money.
with debts staring him in the face.
Under such circumstances. and they
arr liable to occur in any mans life,
debt cannot DO considered blessing,
hut, on tho contrary, il is a curse that
comes h torment and worry the ambi.
ton all out Of u man, The only sure
way, then, for young man is to keep
his credit good hs not contracting
debts, Keep out Of debt, and then by
a life of thrift YOU can expect to enjoy
competency in your old age. That
"deht Is a blessing to a Young man" is
false and dangerous notion and one
not to 10 entertained il You wish to
succccd,-reck's San.