Summary

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.
Source: Wikisource

George A. Smith Journal of Discourses — Volume 17…

I would rather walk the streets in a pair of wooden soles that I own and owe no man for, than in the finest morocco that some merchant was presenting a bill to me to pay for; I should, in my estimation, be more of a gentleman and more of an independent man with the wooden soles than with the fine boots, and I would advise our brethren, if necessity requires, to adopt the wooden sole leather in preference to being in debt.
Source: Wikisource

George A. Smith Journal of Discourses — Volume 17…

Says one—"I want to wear as good clothes and as fine shoes as anybody else, and I think I should be laughed at if I were to put clogs on." Well, if they did laugh they could not do a more foolish thing. Why not feel proud and independent of our own high character, that what we have is our own, and we are slaves to nobody? That is my feeling about it. By continually importing we run into debt and cast our ways to strangers, when it is perfectly in our power, if we will do it, to be independent, comfortable and happy, and owe no man anything.
Source: Wikisource

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