The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1889-06-27
ABOUT MORTGAGES.
Sensible Talk to Young DalrymeM Y
Are In Need of Eunsls.

Sensible Talk to Young Dairymem Whs
Are In Need of Eunds.
..Should the young dairyman start
with mortgage?' II this question is
meant to apply to the average young
farmer it should be quickly answered
in the negative. but there is much room
for moralizing on this matter. For in.
stance. let us suppose two young mer
starting in life. One has inherited 1
fully equipped dairy with no incum.
brances upon it, while the other own.
two hundred acres OF land and nothing
more, but can mortgage it for enough
to fully equip it as a first-class dairy.
There is no question that the former
OF these two has decided advantage a
the start. but it would be reckless
man who would wager that in ten year.
this great advantage would be sure t.
bring the owner out ahead.
Man is so strangely made up that nd
verse circumstances often create AZ
energy in him that nothing else cur
stimulate. We all know that there il
far more in the man himself than il
his surroundings. The man who i.
young and supplied with all the world,
goods he needs is almost sure to fall
into the bad habit of letting things
drift and not appreciate the necessit,
Of pains-taking and looking sharpl,
after the small items of the farm. More
than this, he is born with more or les.
expensive habit. and love of pleasure
and leisure that constantly interferes
with his regular work.
The young man who has to look nd
verse circumstances in the face at the
start nerves himself up for the struggle,
measures every outlay, and having the
terror OF a mortgage foreclosure always
before him he naturally reduces his
pleasures to the limit OF his environ.
ments. The trouble often is that he
goes too far in this direction, and
while his aforesaid young friend Is en-
jOying himself too much he takes toe
little recreation and makes life an end.
less grind.
There is. however, rational way oil
treating even mortgage, and the first
step in this direction is not to start
with too large one. Let your first
mortgage be as small as you can pos
sibly get along with. and il the bust
ness warrants further venture in this
direction then take il. One thing il
sure, and that is that if you are atten.
tive to your business and fairly success
full, there are always men enough who
are anxious to loan you money. Every
body loves to help man who knows
how to help himself. This is not saw.
ing much for human nature, but it is
true, just the same.
The man who can not make money
with good dairy can not pay of d
mortgage. and he would surely wreck
the finest dairy in the world if it wa
made free gift to him, for diaries arc
things that can not stand still, but
must either go forward or backward
The converse OF this rule is also true.
that the man who can make money
with a good dairy can just as easily
pay of a mortgage as he can lay up
money in other directions, so that after
all it depends upon the man alone and
not the conditions under which he
starts in life.
II you have choice. by all means
start without debt, but after all a
mortgage is by no means an unmixed
evil. for it often supplies the stimuln.
that leads on to victory, while toe
much comfort to begin with may prove
] your ruin.-American Dairyman.