George A. Smith, Journal of Discourses — Volume 17…
“ We know how easy it is to live beyond our income, and to go on the credit system. Credit is a shadow, and debt is bondage, and I advise the brethren to realize that the balloon system of credit so general in our country and among ourselves is dangerous in its nature, and it is our duty, at the earliest time in our power, to close up all our liabilities, pay all our debts, and commence living as we go. ”
