El Paso herald. (El Paso, Tex.) 1901-1931, 1913-05-09
The Borrowing of Money
Those Who Do 1t For Pleasure
For Speculation Are MOI
safe to Loan to-
By Ella Wheeler wilcox
- By Ella W heeleE ~ AiS


y
TT is interesting to me to find no"
much more logical and discrlInln
\ ating men are than women, ana II
is always gratifying TO me TO Dc
Alright bv a. man when make an eIio
Of Judgment or an untrue slaOeAi1
On several occasions have expressed
nv inborn and cultivated hoItoI -
debt: / have said it was KIN i ~
their children with this loeS- t,.aded
Now comes the good c lf,5szS nan
critic in the form OF a DusI4i07-
who writes me as follows. s,-+ ease
ssDebt for purposes OF coInIOII go
or pleasure, is to be conoeIlHSH' 1T
debt in legitimate IraIlsetC ll ~. --o,1
for sDeculatfve purposes, but LOT rec
business. shows that man neS o---n
dence in himself, respect IOL ~ -
ability and determination 70 suSSS5eN nd
T realize the truth OF MS WotIS -
see the distinction tnaL IN an ~ 5sSf
drawn between different klnus % C 49,
But the trouble with most SOullS III,
ME unless they have been cdIeL4lly
educated to regard DEBT WIN 49, d -, 49,
is in the ease with WhlcA tIl0y S--i,s5
one that a speculation or ogsILeu
Measure or comfort is a Iegltln@Ie
: business - W. Realize
Value.
r,,oss tho moral nature is well de-
/ welcomed and the ideals high, ana ser
| respect and a fine sense OF nOLOl he
/ the accOmpanimentS OF amDltlOh, - -
/ a dangerous thing for youns. IL, MAJ IosJ
/ fi1d himself able to start on the Ioau
| to business or education on money AZ
/ has borrowed o5 money
/ or are accustomed to the thouSAS ma
/ il belonCed TO US by inheritance, 90 MS
] realize its worth or understand 4IS
know a dozen young women and
| men who have gone IN DEBT LOT sSS---
ingly worthy purposes, anu aIJen SELF
| resDect nv enjoying the privileges OF
/ unearned dollars. So the WhoIe Quss11
/ ton seems to rest upon the 4IOI a.
! character Of the borrowers. mt,
! man with a quarter OF a mll4lOlI
] NAV harrow two million with tar more
/ impunity than one with So week may
wv W. are All more or less influenced
I bv our personal experiences anu ~
/ has been my misfortune IN past tL-LlS =
! to lend money TO those VINO sSll -
] deserviue- of such assistance ana 10 SEE
| with the exception OF three peopIs9 Z
] SII become 'leaners'' without any real
sense Of the responsibility Jney H. -
| incurred or obligation which resleu
lupon them to uQuidate the debt; =,
7 have seen one whom 1 belleFeu ~
/ the direst straits and whose neeos ~
had seemed a privilege 10 supply USE
I the loan in eXtravagant ways, WhlSIl
! would never have occurred 70 IHg -
/ carriages. where walking would nave
| sufffced. in kilograms and long distance
/ telephone messages, where letters lli-
postals would have answered, ana IN
/ hOtel bills where DAIRY restauI an .
I would have sufficed-
/ The Lending OF Money Injuries
! Not once only mas such an expert
| ence been mine, but at least a score OF
! times and I have grown 70 regard tnS
lending of money as an injury 10 ~
people out OF 20. 2.
/ I have grown to think that debt is
like a drug, and that he who lends 70
his friends is like one who applies the
hypOdermic needle
( Personally, I would rather endure
any amount of hardship than purchase
| comfort at the price of debt
I Yet, as my critic says, there are dis
I tinctions to be made in the ways and
/ WherefOres of debt, and / give his deIl-
| milton that those who are contemplate
ing any venture upon borrowed money
! may analyZe their purposes and decide
/ whether or not they are wise 10 60 on