Nehemiah 5:3-5

We have mortgaged our lands.

The miseries of debt

I. Mental unrest.

II. Social degradation.

III. Family ruin.

IV. A disregard of a Divine command: “Thou shalt not steal.” Application--

1. Christians should set the world an example.

2. Watch the beginnings of extravagance.

3. In small things as well as in greater act on Christian principle. (Homiletic Commentary.)

The blessing and curse of mortgages

The history of the mortgage would be the history of the domestic, social, financial, political, and ecclesiastical progress of all ages. It will be useful if I can intelligently and practically speak of the mortgage as a blessing and as a curse. There is much absurd and wholesale denunciation of borrowing money. If I should request all those who have never asked a loan to rise, there would not out of this audience be one get up unless it were some one who had acted so badly at the start that he knew no one would trust him. At the inception of nearly all enterprises, great or small, a loan is necessary. Years ago an Irish man landed with fifty cents in his pocket on the Battery, asked the loan of one dollar from an entire stranger, and now is among the New York princes. A mortgage is merely borrowed strength of others to help us in crises of individual or national life on the promise that we will pay them for the help rendered. But what is true in secularities is more true in ecclesiastical affairs. If churches had not been built till all the money could be raised, tens of thousands of our best churches would never have been built, and millions of those who are now Christians on earth or saints in heaven would never have been comforted or saved. The old Collins’s line of steamers went into bankruptcy, but that does not change the fact that they transported hundreds of passengers in safety across the sea; and if all the churches in Christendom to-morrow went down under the thump of the sheriff’s hammer, that would not hinder the fact that they have already transported thousands into the kingdom, and have done a stupendous good that all earth and hell can never undo. All consider it right to borrow for a secular institution. Is it not right to borrow for a religious? It is safer to borrow for the Church than for any other institution, because other institutions die, but a Church seldom. When the Israelites of my text wanted to rebuild their homes, and wanted to borrow money for that purpose, the mortgagers did well to let them have it, though I wish they had not asked twelve per cent. But after a while the mortgage spoken of in the text ceased to be a blessing, and became a plague. It had helped them through a domestic and ecclesiastical crisis, but now they could carry it no longer, and they cried out for rescue. If a blessing lies too long, it gets to be a curse. At the first moment the farmer can get the mortgage off his farm, and the merchant the mortgage off his merchandise, and the citizen the mortgage off his home, and the charitable institution the mortgage off its asylum, and the religious society the mortgage off its church, they had better do it. I have heard people argue the advantage of individual debts and national debts and Church debts; but I could not, while the argument was going on, control my risibilities. It is said that such debts keep the individual and the Church and the State busy trying to pay them. No doubt of it. So rheumatism keeps the patient busy with arnica, and neuralgia keeps the patient busy with hartshorn, and the cough with lozenges, and the toothache with lotions; but that is no argument in favour of rheumatism, or neuralgia, or coughs, or toothache. Better, if possible, get rid of these things, and be busy with something else. (T. De Witt Talmage.)