| Show A RUINOUS MONETARY ie OB on in the larger towns in utah a good deal of real estate changes hands Not this process is accompanied companies companied compa nied eI by features of A very disagreeable not to say distressing character this arises from the existence of a far too general inclination among a certain class of the people to raise money by mortgaging their homes although the absolutely safest sant plan is never to mortgage a homo home at all we can conc conceive eire of instances where it might be necessary ry we do not believe however that it should ever be done in the absence of at least a fair prospect of lifting it within a reasonable time the cases where it might be justifiable AV would be where means was p positively positive ive required to pat p it into a safe business that would be reasonably certain to give such returns as would soon boon raise the legal incubus from the homestead simple people of weak r reasoning moning powers frequently run the short aiace race to ruin from mortgaging their homes those who take this unadvisable step for the purpose of raising I money with which to purchase organs fino fine furniture or other things that are not actually necessary take a very foolish because almost in invariably disastrous step that bat they are sure to sooner or later repent of it seems so easy comfortable and handy to same some people to bo be able to put a few hundreds or a thousand dollars or so into their pockets q only by signing a piece of paper but that jeoney perhaps represents a bouso and lot it is soon gone easy come easy go then comes the interest which causes a perpetu al struggle it str ruggle u g gie for a poor person to pay perhaps it is as often unpaid thus swelling the principal witha interest f compounded until in a brief time perhaps perli aps tile lender seizes the property to se secure cure himself and the party who placed himself in legal and financial bondage and liis his f amily family find themselves without house or home then follows follow the for the payment lot of aeilt for the place thus borrowed to live in for L a consideration with all the incon f entailed by such a situation in fact the results that often f flow flaw from mort mortgaging aging tho tile home are comprehensive reaching far caching and direful and are frequently not recovered Cove rei from fromin jil farmers in many inny places are gre also too ready to unnecessarily entail obligations upon themselves that are ruinous the unthrifty course that some have taken in giving liens on their crops before they were off the ground is almost inexcusable notes drawing interest have been given to cloth peddlers and also for machin machinery exy that could perhaps have been got along without until such time as the parties were ot tx in tin such a position as would give better promise of ability to pay P ij i every man should be i industrious should make it a rule to live t within liis income and avoid all cumulative monetary obligations that sap the foundations of individual and general prosperity |
