The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1905-02-10
HOW THEY LOST HOMES.
Writer in Success Magazine Gives a
List of Failings That Make
Men Poor.
Through the gambling instinct.

Through the gambling instinct.
They let their insurance run out.
They bought things they did not need
because they were cheap.
They did not use good Judgment or
right proportion in their expenditures.
They subscribed for everything they
could pay for on the installment plan.
Money enough went down in drink
and up in smoke to have saved the
home.
The father always intended to get his
life insured, but died without doing so.
They did not realize how easy it is
to get into debt and how hard it is to
get out.
They tried to do what others ex-
pected of them rather than what they
they could afford.
They thought it small to insist on
having an agreement or understanding
put In writing.
They could not say mo" and could
not afford to tell their friends, ct can
not afford it."
Their sons thought ehey must "sow
their wild oats" as wall as other "fel-
lows of their set'
The daughters thought 1t beneath
them to work for living, but were
bound to dress we'll
They drew their money out of the
savings bank to put 1t into some wild
cat'' scheme, and lost 1t.
They did not do business in a bust
ness way because they were dealing
with relatives or friends.
The doctrine, Zach man for himself
and the devil take the hindmost," was.
in effect, the family creed
They never formed the habit of put
ting in the savings bank money which
they did not Immediately need.
They did not know that giving full
power of attorney to an agent or law
yer put their property at his mercy.
They put off payments on everything
possible because it would be so much
easier to pay tomorrow than to-day.
They signed important papers with
out reading them or knowing their con-
tents, just because they were asked to
do so.
The extravaganza of children who
had not been trained to economic or
to take care Of their pennies, swamped
the home
Through lack Of honest ambition and
disposition to interpret too literally
the text, Take no thought for the
morrow"
The mania to make an appearance
beyond their means caused them to
mortgage their property and ended in
bankruptcy.
They feared that the people with
whom they had dealings would think
them suspicious if they asked them for
a receipt for money
When the shoe began to pinch, they
REALLY did not see where they could
retrench." Habit had made Iuxuries
seem necessaries.
They ran accounts at the stores in
stead of paying cash, did not realize
how rapidly bills were running up and
never knew how they stood
They entertained too extensively and
a great deal more than they could af-
ford because they wanted people to
think they were in good circumstances.
The father thought that to go on a
"spree" now and then was his preroga-
tive as head Of the family. After
awhile he availed himself of his "pre-
rogative "once too often
They let money enough slip through
their fingers to pay the mortgage sew
era1 times over, but because the date
of payment was so far away they
thought there was no danger of losing
their home
Their efforts to force their daughters
into the society of those above them,
in the hope that they might make
brilliant matches" involved them
hOpelessly in debt