Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-04-25

production OF 900 ait,cle which Will
not cid further % r'ItuuiiOn.
The man vino has converted HE
thousand uoIlnfs IuIJ % farm o. a mill,
ON the n,hor hand, continues " give
/ emplpyuirut year alter year The
| farm Or the mill does not, or should
toi. lilo i.Ic. 10 requires the constant
iau.r Of al least one man % keep IL
| gouE. IL produces food or Cluthing-
uvcTy year--UuUugl O. sui port the
laboror aud his family tue year round
auI TO pay prof.. ALEC TO the owner.
/ This man mos plt % lhOusAnd dollar
into sumtthi tnat shout. never stop
worsl.g. 10 may gu uu giving cm-
uluymuut yIUIIluE "a ufUHt forever.
/ The watch cove employ mBut iDr one
yla uuly. Iue isrm Ur NTH gave om-
pIuy meat Cor one yuug aud then for
another, nuI VIII rHnduuu, " rightly
manage, Co l.vu smHl1ymunt Tor al
tmutuu4.,. l.r watch gave Um-
pIUy mont &C. 600. yrug thu farm Or
mil vii, ~ vr emp. yment lot nu iu'
finite number .i ytH.t. Astue number
Que BE- ~ az indefinitely atgu mum uct,
800 IL tho vain, U. slcudiug for pcrsOuHI
gfatIucau 10 as vHursfri with the
value produced Uy puN.Hg tHr money
iutp the cuaUuuls "' ir|aagtVc Luz
L4tuscla.maI tNb. luxurious spend
iur be good, uu 600 ground that 10 gives
ymIlYymeul, lul answer is that ltsi,i-
mate spending gives 80 much more
uapl yurHt Ha aunt OF no proper
comparison uu.w..u these Two moia-
OILS ui clnsum .H'Hs
%. a third msu who has $1,000 on
hauI lends 10 out at Interest iuu man
who b0rf W. SOC mUnCy expects 10
make prof. Uu ihv Transaction over
and above ,lo amount OF interest ue
layt, 0thctv %. l0 would not borrow.
ltlntfuu nat t.U borrower often falls
Dfuis rolf, but thIsF tue unusual of
abnormal results iug 10 borrDwefs gem
rally failed, all borrowing would cease.
Observe inst j I0 MT cay that every
borrower tucc eds Va making TIE
money yield more than hu pays Tor IT.
that would bu DO gssul. that there are
no iailurrs hut men borrow Tor pro-
hi, not Tor lUs.; ami that this 10
tue usua' anu u0fmai result,
10 clear from iho faCt that
! borrowing constantly goes on, sui
credit Ia the f1uu NATION Of a vast plr.
tilH o the wofli'. in.usiry. The money
0
capital with which Industry ~ largely
conducted by uutorprising cmployc
labor, who have the ability but lack
the capital Co sugpFr ia production.
| Both thosrIf. ieUlhl which ave- aud
tho uulsrpfifu Which Invests this
money, IRE deserving 1' pranoi for
much. 10 not mUlI, ~ ths wOrl 20 iu-
du.try would cease wlfH0u. either
class. fstl 90 500, then, wherein the
lender b. lees useful than tuu upuuduT
Tor 10 say that no msu should invest
what he hImsrii Jid not save, ur that
up man should save money unlol he
himself iutOuIs Go spend M, would be
70 put men with one kind Of ability
Into occupations i1r wuich they arc
not fitted aud then failure murt result.
lithu money is put into a bank, 10
Will, on an average IoHl.ll moro guII'
The bauil pays Interest tor tho money
anu OF c1ufso lends il out; uul siuCr
people ore generally satisfied o. use
bunE rhrCEt ! bteaI W the money i'-
, self the baul. can Ten lgui iu paper,
which does the WIr. Ut money, about
three times the total amount OF tho
money Iuputi,ed. a man who Iends
81, OUD TO bank, therefore, enables tho
bank 20 lend 900 90 those who use
, the money, Aul lac thus furnishes
, three times the amount Ui money for
use In Industry that h iuru shed by
, Que who lends directly. Not only Nd,
b nut banks are careful NJ % whom thry
lon 3, nut only those viii be able 20
borrow from hanks VINO are likuly 90
succeed 90 turif euiUgpriatF, Very Tow
! men have the capacity 90 conluct sew
, sfll different lines Of buIutp, and D,
Z would DO vastly better h1tl Tor them.
ar.ves aud Tor society, % toe majority
OF mon wno have one business or Um'
pi1ymoui from which tuUY afr able Gu
save something, would only hr content
Z tl save and luul O. those WIN uldor'
, staud how Go Invest in 0tIrr u 10.
, "rho rlght mAu ln thH right placed i'
the condition OF FucuyW; uui the uu'
, | healthy r.REt Tor speculation CAUSES
. the aylngs OF years 90 Uo wasted uu
] visionary seuumHH, nII IlsilpatGs tlH
+ capital whish wIuli, 10 sgyeI, yield "A
sale aud fa,r profit 10 iis owner huI ia
Z. thu hands " the captains % iudu.tfJ
would give lauUr to oil tho uu1m
Z IluyrJ.
. Ic1ucludo that The money cave, loi
. | moHry lender lf tails term h preferred.
renders service 70 society quite ~
Important ~ that ui tlU BUrnIyr VIII
: carries on successfully the work o. pro
duc'i0n; ana I. vastly moro uraohcAI
10 society than tue speudlr who either
, lOsoH or wastes the weal.h'pr1duclng
forces OF Industry.
. The case VI the mlser remains 70 b,
considered. The article s'ys;
A rriucoly.uying rich man IL bottoi
I | Tor ans community than miseT; Do mas
+ oven boo said thng NO far ns hiH fellow mon
. rH concerned, ypondur is beltor tEau o
lguder
b "l. "aqeudrtn rs here used Il inl0n
dnI % il,sp "luvest0r," there may b,
tuh il lue statement; u II means
"spUG tl-f. 4" however, thB statement
! rlg.av.H; while II seems 10 imply
{ beside. f"at ..r Lord made u mistake
p In tslI.u. 10 q people they should b.,
lrudrr mn not borrowers. Tn,
brutH8 OF lu9 climate borrowing ar,
j HFCIssrd abuvt; but LO one has uvgl
= brvu u..a 90 tnDw the benefits thai
come rom borrowing "tO cut a shine
-lu ,hO language Quoted by th'
article
A mis,t is Of COURSE q isprayed anJ
p.Unble be- ug, anu 900 defense OF hin
need 40 0llrtpl; but tu.uIElsts U3uui
whether ,Hu mtseF iulurca society Al
! much AS tho Hpeu IA q t.ts. tn,
niissr Injuries only himsslt, for boz
works hard aud gives value Tor wis.
. he boards; tho fortune hu ncru