St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-18
Credit Often Unnecessarily
Employed to Crafty Idle
WhimS.
Human Happiness Is Difficult
to Achieve, But Easy to
Destroy.
Thrift Is a Virtue That Should
Be Encouraged by HUI
mainly.
Have a defined motive in view.

be useful to you hereafter.
The surest way to mortgage your flu
ture is to incur indebtedness.
the only justification for debt is the
immediate prospect of profit.
Incur no debt, except that on which
you can readily realize in order to liqui-
date what you owe.
The young man who incurs debts,
without securing corresponding abil-
ity to pay them, practically pawns his
future-hiS most precious possession.
Three-f0urthS OF all the progress IN
this new world has been achieved by
the generous and judici0us use of credit.
\ ct .hree-fourthS of all the anxiety that
pervadeS il 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 hypOtheeate the future.
Hence, always take week to decide
whether you should go into debt or not.
A weeks delay may save year of SOr-
row. "Falsehood prospers by precip-
itancy."
Is it fact that the world is divided
they can. and those VINO spend all they
can? Is the division further extended
so as to include OH the one side those
who are always creditors, aud oil the
other those who are always debtors?
If this is so, and it rests with the
reader CT these lines who is young and
has yet time to shape his destiny, surely
he will make every effort to get into the
camp of those who are likely to be 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 it's
absence in the average human being is
thrift. 1t can come only by cultivation.
Hence cultivate thrift by periodicity in
saving.
Fitful saying may do for the man who
has a tendency for thrift, but for the
average OF humanity trained and de-
termned course of action is necessary.
The discipline of regularity is just as
essential In saying 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 vir
tues, whereby our young man may for
all time call his soul his own.
If you live i'll city, one of the best
ways to secure perl0dicity in saving is
to join local building and loan assucia-
ton. The obligation in joining one of
these associations is to pay into treas
,ury so much money month. Ii is
splendid exercise, and not only yields
larger interest than any other invest
ment. but is safer, because it is
based upon building homes for
the middle class, who will never
help it. These associations now include
a capital exceeding that of the national
banks, and are providing more homes
than any other instrumentality. The
good they are doing is incaIcuIable, for
in the creation of homes rests tue hope
of the republic.
1t you live i'll the country try TO get
possession of some, land by saving your
money, either in using the inSlru-
mentality OF the building and loan
associations 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 is 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, 100000. 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
demand prevails i'll real estate as in
every other trade. Limited supply is
dangerous equally with limited de-
mand. But if supply is regulated by
accessibility and nearneSs to large ag
gregations 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 To-
Gated.
Ii you cannot yet land, get section
of corner because corners, combi-
nations and consultations have come 10
stay. They are the economic features of
the hour. Shares in well-tnanaged
trust or combination, at a reasonable
price, are a safe investment.
If the country grows in the proportion
above set forth, those who control such
great articles of commerce as oil, sugar,
lead, eordage and numerous other
staples, can hardly fail to make great
gains. Competition, which is the most
expensive luxury INDUCED III, is prac-
tically eliminated from any Of these de-
partments.
These features show vital change
from the conditions prevailing at the
time when the present generation of
business men were youths.
Therefore, get into combination; get
q slice of corner and take part in the
procession that moves OH to fortune.
Therefore, periOdicity i'll saving and
close observance of the economic
changes that are impending, as to in-
crease of population i'll proportion to
production, are all suggestive thoughts
that should come to every young man at
this season of the year.
ERAsTUS WIMAN.