The daily star-mirror. (Moscow, Idaho) 1911-1939, 1921-09-20
PAYING DEBTS

makes this statement:
A considerable portion of the
American people are engaged in
the pleasant occupation of paying
their debts and seeking to re-
establish their financial position.
In this manner the countrys
loans are being gradually re-
duced, bank credit is being sys-
tematically released, and the
whole credit position made easier
This situation contrasts sharply
with the extraordinary pressure
of a year ago, when the credit
tension was so acute as to
threaten alarming complications
in all sections of the country.
The Philadelphia bank seems to
have caught an inspiring vision, the
vision of a people hurrying to pay
their debts Nothing could be more
indicative of returning prosperity
than this.
For there is nothing disgraceful
and nothing economically unsound
about having debts. Debts contracted
unwisely may be disgraceful. Debts
not paid may bring inconvenience
and disaster. But debts legitimately
contracted and promptly paid when
the time for payment has arrived, |
make for elasticity in mans affairs
and for community prosperity.
Louis F. Swift, the Chicago packer,
once wrote some sentences on debt |
for the benefit of young men. This is
what he set down:
Debt has been the making of
many young men. | have often
said to employees. Get in debt"
Later these men have told me it
was the best thing they ever did.
Don't get in debt for clothing
or luxuries, but do for some in
vestment of intrinsic value. I
Sound investment means devel-
opment of the saving habit.
AS soon as you get one thing
paid up buy something else-get
in debt again
When a nation is made up of peo-s
pie who lend their help one to am
other and then honor and respect
their Indebtedness, that nation will
accomplish more than nation not
so favored. That is, perhaps, why the
America "a considerable portion of
the people engaged in the pleasant
occupation of paying their debts
The Idaho Statesman
"a "a =
Perhaps no class of men were hit
harder by the sudden slump which
.ook place about a year ago thanI
we're the sheep men. While the nor
hern part of this state was not par
icularly affected, the southern part
With it's millions of sheep, was af-
ected, many men being practically
ut out of business and all sustain
lg heavy losses. 1t is gratifying to
now that there is every prospect of
ne sheep business again coming in
} it's own, however. The represen-
alive of a big livestock loan firm in
alt Lake, gave out the statement
aturday, at Boise, that now is the
me to buy sheep. He said: 'sSheep
ave gone up in the past month and
i'll continue to go up and those who
ct in on the ground floor will be
lcky." The tendency is for the
vestock market generally to i'm
rove and it is certain that any far
er will do well to put some hogs,
title or sheep on his farm. They
e profitable in the Palouse coun-
y, just as they are elsewhere. The
.rds were depIeated during the war
I'd the period of fictitious high
ices Immediately following, the Pa
use farmer not caring to give any
tentiOn to anything bat wheat
it'll wheat getting back toward the
price the farmer will find some
-estock on the farm valuable, not
ly as a source of ready money, but
: the purpose of building up the
i'd.
The citizens of MOSCOW have been
daily invited by President Upham
the university to attend the open
exercises of the school at the
iversity auditorium tomorrow
rning. In addition to the import
e of the event itself-the opening
4 great educational institution for
years work-there will be pres
some of the states most distin-
she'd citizens, who will take paTtt