Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-02-18
York World from the pen Of Augustus
Mlman.

W iNANhH
Have definite moiiyoin view.
"Do not mortgage your iutufo-it msy
be useful to you hereafter.
'rrho surest way to mortgage your
future h to incur indebtedness.
"The only Justification for debt Is the
immediate prospect Of profit
"lncur NO debt, except that ON which
you can readily realize In order TO liqui-
date what you owe.
"Thc young man who lncuts debts, with
out socurlnga corresponding ability TO
pay Thorn, practically pawns his future
his most precious posses,ion.
"rhfoc-iounhs Of all tho progress In
this now world has been achieved by the
generous and judicious scot credit Ioi
thrcc.fourths Of all the anxiety that por-
yados Il has come from the abuse Of
credit Like every other blessing, the
greater tho good the nearer the owl.
"Credit is often unnecessarily used To
supply some anciod want, to promote
some speculative enterprise or In some
way to hypoihccite tho future.
Hence, always take a week to decide
whether you should go Into debt or not.
4 week. delay may save year Of
sorrow. 'falsohood prospcrs by precipi'
tAncc.'
as II a fact that the world Is divided
into two classes those who save all they
eau, aud those who apond all they can't
IL the division further extended 80 as to
include on the one side those who are al
ways creditors. aud on the other side
those who arc always dobtorsg
"If this is 70, and It rest. with the read
or of these lines, who l. young and has
yet time to shape bis destiny, surely he
will make every effort To get into tho
camp Of those who arc likely TO DO the
ncos, from anxiety all their days
"lluman happiness u difficult to
achieve; II Ia easy to destroy. II may
not always reside In the first Of these d.
visions; Il certainly never stays long in
tho latter.
"Thc virtue most conspicuous In its
absence In the average human being is
thrln. II can come olly by cultivation.
Hence cultivate ihril by poriodlcily IN
saving.
"Fiiful saving may do for the man who
has tendency for thrift, but for tho ay-
oagc OF humanity trained and deter
mined course Of action Is necessary. Tho
discipline Of regularity il just a- essential
In saving as Il Il In any other exercise OF
tho body or tho mind. Hence poriodlcity
In saving !. the way to got an exercise In
that virtue Of virtues, whereby our young
nan may for all timo call bis soul hi
own.
"Ii you live In u city, one Of tho bcsl
WAYS To secure pcriodici,y In saving il to
join local building and loan association.
The obligation In Joining ono Of these ~.
sociations Is 10 pay into treasury sr
much money a month. It isa splendid
exercise, aud no, only yiolds larger In
terost than any other investment, but Il
safer, because Ii IL based upon building
homes for tho people u the middle class
who will never sacrifice their home
they can help II. These associations nov
include capital exceeding that Of thl
national banks, and are providing mon
homes than any other fundamentally
Tho good they are doing is lncaiculablt
for Ia the creation Of homes rests the hop
Of the Republic.
J M You live In the country try TO ~
possession OF some land by saving you
money, either In using tue instrumental
ity Of tho building and loan association
or some other plan by which you ca
buy on iustalmonts. II possible, get pos
session OF some OF COILS earth. Lam
near great cities Of rapid r,owth Is likcl
to bo exceedingly valuable. Good ar
land IL sure to grow IA favor. There ar
boys now living who will witness an In
crease oi population until this nalio
J reaches i3O,OJO,OOO. These have all to b
fed, aud only from tho farmer aud IA
/ fisherman can food be derived.
I "Romembcr that the law OF supply an
, demand prevails In real estate ~ 4
dangerous equally with limitoi do
, maud. Hut II supply is regulated by
accessibility and ncnncss to large aggr,
cations ofhumsnlty, and rapid means q
communication, tho limitations are genoi
, ally safe. A. to tho extent Of the demand
! II must rest with tho character " a.
, place near which the land is located.
"If you cannot got land,go n section ,
{ corner" because corners, comblnn
: tons and cancellations have come I
) stay. They are the economic features d
A tho hour. Shares Ia II well manage
. trust or combination, at REASONABLE
:, price, are u safe investment,
"Irtho country grows In the propoTtlo
above set forth, those who control sue
great articles Of commerce as oil, sugar
lead, cordagc and numerous Other staple
> can hardly fail tn make great gains, Com
= petition which Is the most eNpensiv
g luxury INDUCED In, ~ practically olim
!. mated from any OF those departments.
= "Th,se features show vital chang
4 from the conditions prevailing nj the tim
a when the present generation OF busine,
/. men were youths.
b. Therefore, get into a combinations <,
. slice ola corner and tako part In III
procession that moves on To fortune.
Therefore, periodlcity in saving and
- close observance of the economic change
. thai are impending, ~ To increase ofpoI
l. ulullon in proportion 10 production, AT
y all suggestive thoughts that should com
"a %. O.. -