Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-04-25
MONEY SPENT AND WASTED.
The Teachings Of Political Economists
sa Lspuundsd by Professor
D. %. Paul


IdtOy Dsisr,i N.UE
Your leading editorial Of April 10
entitled, "Money spent not wasted"
has been construed by some persOns TO
moan Notification Of luxury. The
portions / quote may readily, though
perhaps not necessarily, be Understood
ns defense OF waste al Or unnecessary
oEpenlilurs-a practice that l. opposed
% demonstrated principles OF economic
science and 10 the ethical doctrines d
all schools Of sociology, AS we'll as 10
conflict with the teachings OF the
fathers Of the church in all ages.
The article says:
The horses and carriages, carpets and
furniture. s'Is dresses and porcelain,
lawn 'Ulu, and pins toAs-Ihu more NJ
these IhinES tho n1bo1 aud Dis family
buy and us0 aud give, tho better tor ull
thU people engaged iu tho raising or
manufacture uf tuo articles named not
forgetting. lu thD ease uI Gao 9 Cos aud
trts, tho florist aud tBo mnkou ~
that those uIn tuU boot ways
uf spending m0uHv. w0 think moro poo
pIu would boo uuuyulld uN rich MANS
wealth, and Doc would h1 much uHuor
and happier himself n hU established
factories aud aided boa developing tho
country by experience, uy iuH power
| VIA. money gives him, mud ny thu money
lrul. IuI M hc chooses t1 spuul largo
sums uu0H h.s domIrlIu aud bis person,
! tu "cut great shluo' Hs tho voruagulnr
/ 10. tho rirHUt has IiHwhy, In ull cone
science Doc Oughtto be- encouraged 90 do TO-.
30 man should DO encouraged 10 up
vTuuc. WgHllh has important AMI
legitimate uspt; aul that abuse which
consists iu lily squandot.ug 10 iOr PSF
sJnEl gt,uhgatl0I aud vauiiy, eau
never UC Ju.tihaOlv. GJoI cannot
come from evil,
lt is asserted that by sPtniing large
sums upon ouus domiCiiu Aud person,
tue working ps pie are benefited. 10
appears 20 al 'lrsf, but Itt no see. Four
/ Cpursua are OIen o. man who has
money: /, He may spend 10 on him.
/ self aul his iumly Tor their person
] qualification, .. He may spend % o.
developing the agricultural, mBHufaC,
! tuflug, mineral, or commercial Te.
sources Oi tho country, %. lie may
] lrUu the money 10 on lndlyIsuai uT
/ corporation. 4 Tie may hoard toe
money, o. nicer do0p. An analysls
/ Of Ch OF the four Gases viii DO under.
taken.
/. A wealthy man has a thousand
/ dlllars m hiH purse, Gud although be-
| already has an accurate time.
| piece, determines 20 purchase
| with % thousand dollar watch, 10
/ make lUHl watch hus given employ
urni 10 "a Matchmaker Tor ore VINO o
TtuTl,t usrsy, ami therefore 90 HppuI-
! log nl= tuUusnul dollars lu puTChaFius
| 10 watch, "Humo OF his GOLD viii reach
the hands Of those who need ii," w.
| the editorial Ia smother place, very
clTreutly asscTls. Su flT 10 good.
% Aa0lhrf equally wealthy man has
! hEtWIre thuutaud dollars Ina his
! purse and determines 10 purchase with
! lt "a tuUusnuI.l0liBr Tw, uF o. erect "a
! lhuusaul-u0ilar mill. A. In the bret
| example, sp here, "a thuuFHu1 dollars
are put INTO circulation uu "Wlll reach
me uaudu NJ those who need 90" To
] Improve tlt farm or 10 build the mill
mu't have given a. much Iauor ~ 10
! uBhu tuu watch FJ that the mere ppT.
! chase OF the farm or tir erection 20.
/ lHr mlll, gave quito M mucu employ.
meat Co begin with, amt VIII circulate
ully ss much money, N did tuu pui-
| chase OF tnt watch.
But rUlu the florence. The man
VINO ha8 converted mis- thousand dol.
Ars mo the expensive watch has
orusuI 90 give any iWthgr employ.
| mruJ TIE WhtCn lice In bis pocket
sul does not require labor 10 make is
40, IL does not produce any
! thing 10 serves Only % foster
vanity on his part ana envy on the
pATt yl those foolish enough 10 long Tor
,ne IOssesslOu OF such time piece.
lie has really uuhsua thousand dol.
! lars In hia vest pocket, and Il Will be
tuoTe yfoVeL The labor which Pro.