Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-03-17
A WORD OF WARNING.

"MoNgY IL tight" We hear this
every day. For some unexplained
reason, the cash boxes Of the capitalist.
aud the safes Of the banks seem 10 he
locked up and only ut big Interest aud
extra securities eau money be bor.
Towed. Blessed IL he who needs not 10
borrow or can ~ manage his aiiaire
that he does not run into debit
n II against the dispositions 10 gc,
goods aud property on credit tina, we
wish 10 utter word or two Of warning.
Some people seem 10 think that, II they
eau obtain anything "on tlme,' par.
ticularly II II appears 10 be cheap,
whether they really need Il or not,
they have made something and are 20
much ahead. They appear 10 Ignore
'ho fact that the debt must be paid aud
hat iptenst upon II accrue- aud nc.
cumulAtcs and may swamp them ca.
tircly II allowed 10 increase.
This faulty h noticeable among the
farming community. The RECKLESS
ness with which agricultural mAchin.
cry and implements aud vehicles Of
different descriptions are bought on
credit, ia really alarming and as,onlsh-
Ing. The old spirit Of fraternity aud
cooperation among ncighboring farm.
crr Is declining rapidly, and every man
seems to be disposed TO Ego II alone.p
Tho consequence IL that In places
whorctwo or three mowers and rcsper
aud similar machines, by exchange
Of help cooperative ownership
would amply inset tho needs
OF ncighborhooi, every farmer
wantsso have machine Of his own,
even II he have to run Into debt 10 pro-
cure II aud givo his note, barring
heavy Interest, Ia payment. Aud the
worst OF II Is that 40 many seem b look
upon an interest bearing note Ms though
itieally were, payment. When ray
my comes anu interest accumulatcs,
then trouble begins, and the burdcnu,i
debtor resorts 10 all kinds Of shifts 10
postpone yettlcment, thus lcnglhenlng
out the interest upon his note until he
"payu through the nose" for his ma.
chine or vehicle, aud perhaps wears II
out before he oxtricates himself from
his burlon Of dobt contracted 10 secure
It, possession.
One reason 30 many ngricullurlst-
have 10 struggle for mere existence,
aud seem 10 make llttleor no hoadway,
IL because they anticipate their crops
and eat them up before they are har.
vested. The reason why many work.
Ing people remain In comparative pov.
erty, iH because they use tip their wages
before they arc earned, by running Into
debt 10 stores and other places. Il IL
ON the lmprovidcnco aud recklessneAs
aud extravaganza Of the needy that
hanks and money lenders flourish and
make fortunes.
Friends, try and stop this follyl
Farmers, n ysu possibly eau, refrain
from morIgaglng Ia any way the crops |
you expect 10 reap In the summer and
fall. Try aud manage 80 that you will |
have your harvest TO Use ahead ,insteai
Of being compelled 10 pay out mos. OF
II In lquldating past Indebtedness.
Keep n little grain In the bin. puta
little money in the savings bank. DO
a cash business. Keep out Of debt.
Instead Of buying a MACHINE or
wagon or a buggy on time, 10 arrange
your aaairs that being "a little ahead
Instead Of In arrears, you can pay for
1t ION the nalp and get discount inr
cash instead OF paying interest ON time
Tho same advice is good for all
classes. Watch closely your expendl.
lures. Pay as you 20. Avoid unneces-
sary purchases. Keep within your
means. Don't be- penurious aud
stlngy aud stupidity stlrye your.
selves to hoard up dimes. But prnc.
tice wise economy and try and
have n margin, however small, over
your expenses no that you may DO pre-.
pared for contingencies. Sickness, 40.
cideni, misfortune may come at any
time, and he who sin debt when over
taken In doubly distressed.
Times are tight money Is stringent.
the future Is chiefly unknown. Ana |
wisdom cries aloud to her children.
Prepare for what Is to come. BE thrifty
BE watchiul. Do not involve your.
selves. Keep on the safe side OF the
financial line. Owe no man anything.
Debt In a heavy burden. Interest will
cat you up u -rust Is allowed 10 pre-.
vail. Clear Oh your pecuniary obllga.
lions. BE free from all such Incum.
branees. Aud use your influence 10
check extravaganza and prombte iiuan.
cial freedom, So shall you be ble.t
with prosperity, and peace shall crown
your days with Joy.