A 1860 excerpt from a letter written from John Deere to his then 21 year old son Charles upon taking over operations of the John Deere company...
“Bear in mind that keeping expenditures within income means self-respect, independence and a competency, while the reverse, expenditure beyond income, leads to mortification and ultimate failure.”
Charles must have taken his father’s advice seriously because the Deere & Company Archives has a handwritten note signed by Charles Deere stating that, “I will never from this Seventh day of February Eighteen Hundred Sixty AD put my name to a paper that I do not expect to pay—so help me God