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Show ' ) li' ', 1 UK. '. . : n. ::. . ; . i ,1': T ! :.l :j- I iiuiiij enerii'v ana entfrjirtso Uiiioum be aiftcourprrod. but tliut j cuiucion shotua b-.i exercised, and I care tttkon tnp.L laf: bounds uf the I possible are not overstepped. 'Nutionully and locally, busi- ness is Avhirling at a fearful speed, aud much is being done on credit, -without solid backing Raiiroads and combinations of all kinds are reaching out with what appears heedless recklessness, j and speculation is rife in everything every-thing and everywhere. Some J day the money kings will wake I up alarmed, and begin to pull the reins on the steeds of speculation; specu-lation; it is then the borrower i will first feel the check. We owe it to ourselves, to be so situated i that the bit shall not injure us too much. Let us abide where we can safely "get out from in under." Our safety lies in having hav-ing the money to uphold our projects; and in being out of debt as far as possible. "May the new year bring peace, blessings, and prosperity to the Saints, and to the honest in heart the world over." j Joseph F. Smith. GOOD ADVICfc. Jn the last issue of tne Improvement Im-provement Era. President Joseph Jos-eph P. Smith gives some wise counsel which is well worthy of perusal by all. He say 5: "In these prosperous time.3, when money is easily obtained, people become reciless in its ex-jpnditure. ex-jpnditure. Luxuries are indulg-j indulg-j ed in. , Expenses that would ap-Ipal ap-Ipal a man in times of depression j are now met with little consider-j consider-j ation. Almost any scheme ap-1 ap-1 peals to individuals as one safe to invest dollars in. Money is borrowed without thought of how it is to be repaid. Mort-I Mort-I gages are carelessly executed, j Many, things are purchased j which might almost as well be dispensed with. Enterprises are established and carried on, with nothing but prospects and credit to back them. Money is easily made and more easily spent, j When men who are now in debt! obtain means, they are not satis- j fied to spend it in canceling j thAir cb1ii.CMti.ons, but li.jc their! aioy, a fill as mw-h move as tnev can borrow; to invest m v n 1 T 'hi R 1U Ana so out: inignt enumerate a thousand vravs in which trie .0 d v 1 ii ( . ' 1 d U , the 1 Uu t nn, 1 laira d 01 ') o ti t e wealth. "In an tn;s ac tion, a word ji 1 lonto'h ' TiLtn, to l r s in 1 1, 1- ( I - 1 , M , , L, j I'M" r-" tivj l i: re riiie 1 ' ' """ ' - 1 1 1 a pi be ' V v 1 i-1- "s ! since then because oi it. that experionce . should be a lesson now. Whal should it teach V In : tue first place, it should be a les-: les-: son to us ncf to build enterprises J without solid support. It should 1 teach us to pay our debts while j money is easy to obtain; to be ' careful ad economical in our I expenditures;' to reach out in j new speculations only so far as ' we can see our way clear! to pay and let go. in case of j i storm. If we can get along with i the old house, for another yearj ! perhaps if the good times con- i tinue, we may then be able to ; pay cash for the newone,and thus ' make a large discount; on the other hand, if we build it now, the highest price must be paid for all the material, "and we must borrow money on a racrt- j gage, and run the risk of losing 1 the whole, should an-unexpected I money stringency suddenly ap-1 pear. Kemember that a thousand thous-and dollars' worth of property j now, may go for a hundred when j the storm comes. And then if tn ere should be no storm, we I are still safe, and will make more money by waiting. "What is said of the house, applies with equal force to other things that you wish to purchase ' or invest in, it applies to the farmers with their old wagons, machines, and farm inplements; to the clerks who contemjjlate investing in real estate, and a thousand and one other objects, on the installment plan; it applies ap-plies to the mechanic, artisan, and merchant, who are reaching out to expand and enlarge their |