Let every man, every corporation, and especially let every village,…

Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.

Sourced

Rutherford B. Hayes, Diary (July 13, 1879)

Other Debt Quotes

Solvency is maintained by means of a national debt, on the principle, “If you will not lend me the money, how can I pay you?” - View Quote Details on Solvency is maintained by means of a national debt, on…
It’s dynamite to spend future earnings. I have had a taste of it myself, and it’s mighty bitter. A debt is a debt, whether it’s margins or mortgages; and debts are all the same, no matter how you try to camouflage ‘em. You never get much out of ‘em except trouble. On the farm or in Wall Street, if you use the other fellow’s money, it costs you a lot more than it’s worth. - View Quote Details on It’s dynamite to spend future earnings. I have had a…
Forgive us out debts, as we forgive our debtors. - View Quote Details on Forgive us out debts, as we forgive our debtors.
Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer. - View Quote Details on Put God in your debt. Every stroke shall be repaid…
Such was the origin of that debt which has since become the greatest prodigy that ever perplexed the sagacity and confounded the pride of statesmen and philosophers. At every stage in the growth of that debt the nation has set up the same cry of anguish and despair. At every stage in the growth of that debt it has been seriously asserted by wise men that bankruptcy and ruin were at hand. Yet still the debt went on growing; and still bankruptcy and ruin were as remote as ever. - View Quote Details on Such was the origin of that debt which has since…
A good debt is not as good as no debt. - View Quote Details on A good debt is not as good as no debt.
Debt, grinding debt, whose iron face the widow, the orphan, and the sons of genius fear and hate; debt, which consumes so much time, which so cripples and disheartens a great spirit with cares that seem so base, is a preceptor whose lessons cannot be forgone, and is needed most by those who suffer from it most. - View Quote Details on Debt, grinding debt, whose iron face the widow, the orphan,…
Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity. - View Quote Details on Poverty demoralizes. A man in debt is so far a…
A national debt, if it is not excessive, will be to us a national blessing. - View Quote Details on A national debt, if it is not excessive, will be…
Credit—a difficult subject to those who can’t get any. - View Quote Details on Credit—a difficult subject to those who can’t get any.