The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-07
HINTS FROM ERAsTUs wINAN FOR FORTUNE
SEEKERS

Do not mortgage your future-it may be
useful to you hereafter.
The surest way to mortgage your future
is to incur Indebtedness.
The only justification for debt is the i'm
mediate prospect of profit.
Incur no debt, except that on which you
can readily realize in order to liquidata
what you owe.
The young man who incurs debts, with
out securing a corresponding ability to
pay them, practically pawns his future
his most precious possession.
Three-fourths of oil the progress in this
new world has been achieved by the gener-
GUS and judioious use OF credit. Yet three
fourtbs Of all the anxiety that pervades 1t
has come from the abuse of credit. Like
every other blessing, the greater the good
the nearer the evil.
Credit Is often unnecessarily used to
supply some fancied want, to promote some
speculative enterprise or in some way to
hypothecate the future.
Hence, always take a week to decide
whether you should go into debt or not. A
weeks delay may save year of sorrow.
'Falsehood prospers by precipitancy."
It is a fact that the world is divided, into
two classes-those who save all they can,
and those who spend all they can? Is the
division further extended so as to include
on the one side those who are always
Creditors, ana on the OGDer size CnCs0 VINO
are always deotorsa
II this is so, and it rests with the reader of
these lines. who is young and yet has time
TO shape his destiny, surely he will make
every effort to get into the camp of those
who are likely to be the freest from anxiety
all their days.
Human happiness is difficult to achieve
it is easy to destroy. 1t may not always
reside in the first of these divisions, it
certainly never stays long in the latter.
The virtue most conspicuous in its ab-
sence in the average human being is thrift.
1t can come only by cultivation. Hence
cultivative thrift by periodicity in saving.
Fitful saving may do for the man who
has tendency fer thrift. but for the aver
age Of humanity trained and determined
course of action is necessary. The discip-
line of regularity is just as essential in
saving as it is in any other exercise of the
body or the mind. Hence periodIcity in
saving is the way TO get an exercise in that
virtue of virtues, whereby our young man
may for all time call his soul his ow.
| If you live in a city, one of the best ways
| to secure periodiclty in saving is to Join a
local building and loan association. Ii you
! do not know Of one, write to me and | will
! give you the name of the secretary. The
| obligation in joining one of these associa>
lions is to pay into a treasury so much
|
and not only yields a larger interest than
any other investment. but is safer, because
| it is based upon building homes for the peo-
pie of the middle class who will never
| sacrifice their home if they can help it.
! These associations now include capital ex-
ceediDg that of the national banks, and are
providing more homes than any other in
strumentality. The good they are doing is
incalculable, for in the creation OF homes
rests the hope Of the republic.
II you live In the country try to get pos
session Of some land by saving your money,
either In using the fundamentally of the
building and loan association or some other
plan by which you can buy on installments.
If possible, get possession of some OF Gods
earth. Land near great cities OF rapid
growth 10 likely to be exceedingly valuable.
Good farm land is sure to grow in favor.
There are boys now living who will witness
an increase of population until this nation
reaches 100, 900, 900. These have all to be
fed, and only from the farmer and the fisher
man can food be derived.
Remember that the law of supply and de-
mand prevails in real estate as in every other
trade. Limited supply is dangerous, equally
with a limited demand. But il supply is
| regulated by accessibility and nearness &c
large aggregations of humanity, and rapid
means OF communication, the limitations
are generally safe AS to the extent Of the
| demand. it must rest with the character OF
the place near which the land is located.
II you cannot get land. get section CT g
corner because corners, combinations
and consolid atoms have come TO stay They
are the economic features Of the hour.
Shares in well managed trust or combi-
nation, at a reasonable price, are safe in
vestment
If the country grows in the proportion
above set forth, those who control such great
articles of commerce as oil, sugar, lead,
| cordaee and numerous other staples can
hardly fail to make great gains. Compeh-
| ton. which is the most expensive luxury In
dulgei in. is practically eliminated from
anv of these departments
These features show vital change from
the conditions prevailing at the time wher
the present generation Of business men were
Therefore, get into combination; get g
slice of a corner end take part in the pro
cassion that moves on to fortune.
Therefore, pe-io iicity in saving AMI
close observance of the economic change;
that ara impending, as to increase Of popu
letiou in proportion 10 production, are al
suggestive thoughts that should come t(
eyery young man at this season OF the year
The solemn words Of Lowell ere, therefore