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Show EDITORIAL IS CREDIT A CURSE The gTeat bulk of American working work-ing men are honest, and on this honesty hon-esty the average man has established for himself a financial credit which bids fair to wreck him if he does not watch out. This is a warning sounded sound-ed by one of the largest labor unions in this country and it presents an argument ar-gument which is worthy of consideration. consider-ation. It is a well known fact that the personal indebtedness of the average av-erage workingman not only in Bingham, Bing-ham, but throughout the United States has increased to an alarming extent during the past ten years, or more particularly since the World War. The matter is so serious that it is endangering the working man's independence. The tremendous growth of the credit business, based on the merchant's knowledge of the honesty and willingness to pay of the aveage working man, plus a highly-organized selling force, has driven untold thousands thou-sands of laboring and professional men deeper into debt than they have any idea of. This dollar down and a dollar a week proposition of which we see every day is going to be the ruination of the country. It is possible possi-ble to "buy" almost anything under the sun for a small initial payment and the growing bane of our financial finan-cial freedom it may be the weekly, or monthly installment man. Not only are the workers of the mines of our camp suffering from this system, but business itself is digging a pitfall which some day they are bound to stumble into. Credit in itself is a wonderful thing, it is the best certificate of honesty hon-esty a man can hold, and one always feels elated when told "Your Credit is always good." But the abuse of credit is a creeping creep-ing creature in our midst that will eventually say away all our independence indepen-dence if we permit things to continue as they are going. |
