Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-05-19

I luly thht through wide extent OF
credit there WIS possible cncfoach.
ment upon their capital, which carried
with II quite an element OF anxiety
and risk. Scores Of stores have had to
cover their lingering open Indebtedness
by note ami 10 buy for cssh, limiting
their purchases TO their ability 10 pay,
yet receiving a consequent discount
which became a sel.oii TO the interest
on said notes. Through this policy
coupled with necessarily limited deal
through but few houses, quite a large
number Of stores have avoided coli
lapse, and are now IN n condition to
redoem Themselves, ~ this eau
ton " long enough continued.
This restraint may have been
ifksome and unwelcome TO the buyer
for n store, ~ 10 the buyer for a family
but II was the only possible path Of
safety, as many realize today, who had
probably never before been om0ar.
rassed In their business pursuits.
The man who depends upon his
crops, whether wool, whesi, fruit, or
other class Of products, is not only in'
fialed Ia feeling because VI the look.
out which promises renewal Of
comforts that have been In some tus.
penso from sheer necessity; but he
feels the load Of Indebtedness Tor tup.
piles which have been long consumed,
AMI his hoaor is At stake for the settle
meut Of this claim, speedily rs
possible. An sold dehp IL not
ignored or forgotten by the honest man,
any more than IL "the Old note"
forgotten by the conscientious store
keeper; and supreme efforts should be
made 10 cancel obligations Of this
character, before spending present
or prospective Income for supplies,
even when sadly needed. As fact
Gan old accounW houolably settled j.
somewhat Of a guaranty In business
life, that future credit viii be Just NJ
houorably aud promptly met. Temp
tatlon may bo altogether the other
way, but tho confidence that all wish
for-which many tay has died out
eau only be sustained or secured on the
basis Of right and justice, II II come nj
all.
Tbs people OF this Territory have
carried quite LOAD, which was perhaps
unfelt when things we're lively and
money reaohabls. aud the incubus Of
debt probably had but little terror TO
the majority, for when need aud desire
join hand, when opportunity
and facility combine, when
work anu pay therefor seem
forthcoming, when honesty aud
industry nerve the soul and give
tone to the muscle, difficulty Is over.
looked; but such souls arc generally
sensitive and II Inability to meet au
obligation suddenly presents Itself, u
seems TO paralyzu rather than to iuoiie
10 more exhaustive effort. This Is pre-.
sumed 10 DO the Characteristic Of the
Latter.dAy Saints ut least. We have
had occasion to know many, who VI
they owed n mau dollar and could
not pay It, wouli traverse several
blocks rather than meet their creditor
face TO face. This has been known also
on a larger scale. II Is the hey,
In fact, to the iudi,posltion
OF some mon In business to
face the house to which they were
Indebted. They did not want 10 In.
crease that, and have made purchases
elsewhere in the hope that they would
thus relieve or extficate themselves
from an unpleasant position. hut the
fret step was false one. ana instead Of
Improving to be- the means Of deliver.
ance, Il has often lod TO irrelrievablu
difficulty and financial suspension.
This has been seen In the Wholesale
trade aud IN the rotail trade. Persons
have changed-irum shameiacedness-
their place Of deal; aud Tor lack Of true
grit, Of proper moral courage, have
forfeited their own seli.rsspeet, aud be.
traytd the trust and confidence " thsir
friend.
These are conditions which environ
n few In this community. The great
mass Of business men and buyers are
Of those who want to do right. They
believe In honesty; they count on pay.
Ing their debts; they want the conf
dencs VI their brethren, for they sense
the value OF unity, concord, truth
aud righteousness; and tricksry In
trade ami deal, is, rs It should be, sn
abomination before such men, as before
tho Judge Of all. but human nature
asserts Itself from time to time with it,
hereditary weaknesses and probably
Inherited failiugs, right hero In the
gathering place, as It does elsewhere.
let after all here Is the school. The
lines Of progress are here also; and II
viii be no dlsoredit for the people Of
this Territory to profit permanently by
! HHN