The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1895-09-27
Beware Of the Booms.

with evidences OF returning prosper
ity Oh ali u les number OF ultra
yirtuOus and conservative journals are
takiL z 1t upon themselves to warn the
people against placing dependence on
such evidence, says southern exchange,
and above all things to beware Of booms.
They are tcld that all financial depres-
sions are the result Of wild speculation
and extravaganza, and the people have
their own looseness to blame fer ell the
ills that befall them.
It 10 perhaps true that the people
should distruSt all signs of returning
prosperity, but 1t ia not true that the
change TO adversely that occurs every
| sgance. Tho people who come to grief
In every panlc are, rs rule. those whose
| circumstances compel them 10 be con-
servasiys. The only excuse for charging
them with a departure from conserva'
tiyism is, that when q few years OF
fairly good times have lulled them into
a sense Of security, the wage earning
classes attempt to satisfy abe longing
that possesses ell good citizens to pro-
yide MONIES Tor themselves. In all large
towns and cities facilities are offered
these people 10 purchase homes on in
stailments, The man who, by strict
economy has saved few hundred
dollars, can buy house and lot by pay
msnt OF moderate lump sum, and q
monthly jnstallment Tot much In eXc,s
VI the rent with which he is otherwise
sadd,ed for life, Having made the pur.
chase he Is compelled 70 pay his month
ly iDstallmenis, or Lose his equity In thu
property. He may be counted supremel,
fortunate IL he can pay eff his install
ments before the next financial depres.
sion Z, mes around. Unfortunately eysry
.isarrt ssion catches tens vi thousands O
Mke who have invested their savings II
thiRmsnner. They are thrown on. o
employment, lose their equities, will
the bsvlDgs or years, and become wan
ders on the faca OF the earth, VIII lie thei
wives and children too frequently be
come tbs 0bjscts Of charity. 1t matter,
not whether the process OF obtaining {
home 10 al above outlined, or through
building society, or by any other means
open to ths man or small n,ome, ths
reIult is the same.
These homeseekers are fair samples OF
the majority whose failure to carry cut
their most noble and patriotic desires
subjects them to the charge OF reckless
sxiravagsnce. Prosperity and thrift
nave become synonymous with Pxtraya
gance Ia The estimation OF journals and
politicians OF Certain contracted cali
brf. The men OF pnhiic spirit who de-
vote their best energies to the develop
ment OF conditions conducive 70 prcs,
perliy, with which nature has SO abund-
ahtly endowed this country, are TO.
merely extravagsnt, but are classt d
among the INSCRIPTIONS boomers, IL
Will doubtless be- wise for all these people
to heed the pessimistic ,warhinge Of the
non progressive, and ihatead OF giving
play TO the energies that have made the
United States what 1t is, they should
shnn all enterprise, and hoard every
dollar until the panic due In 1909. il
not earlier. Perhaps this should be The
policy until the wisacres who are study,
Ing out the causes of financial crises"
complete their studies, devise q remedy
ana Induce the government to ADOPT IL.
friend who carries around with him a
Sem tic cast OF countsnance ssgely re-
markei But few psople realize The
vaiile OF ready cssh." This is a good
motto for ths anti progressive press
which should saturate its readers with
The Importance of hanging onto the pro
cura0le cssh dcrinR the periods between
pahlcS, so that when the pa ic comes 10
may not b9 charRci to Lusir extTaga,
RpnCe,