Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1840-03-31

We have had some "sober second thor.
come across us lately-not on the subject Of
tics, exactly, but upon matters not much les
mentous, and what is quite as interesting
public at large as political nfars--we mru
way and manner Of doing business in this I'd
of the country.
Though we are not about TO turn loco fe|
denounce the whole credit system, yet ib,r
kind of credit in small business, the pr,c
which has done more to reiard prosperity nd
courage enterprise than mos, people are avid
II IS that eternal and never ending credii. i a
which subjects large. industrious W, rsr !
OF our citizens to one great imprdImenl |
success in business. II is a species Of A
which merits the unmeasured denuueil
every good citizen in the community.
II Is doubtless the cause of more than On,
the miscarriages in business, and the total !,
OF many of our most indus,ro IS and eu,eiw
citizens. which l'ke place. They part with
property upon tho strongest assurances ID
will be paid for in due senson. or ut a ed
period. The vendsr makes his promises d
strength Of his customers obligation to 70
ensagem nit Is lmmaterial whether il is
chanlc, merchant or Spectator; the efra
the same. Well, the time comes. the p,i
comes, but rhe customer disrrgards his pr
and scarcely thinks he is under obligation &
at least b" seems to rest satisfied if he os,
t'nues his 10iuaLie custom The creditor
t!n'i to press the claim, and above all, caa
TO sue good neighbor and good customer,
on with just enough of such kind of Gu.
TO encourage his hopes Of ultimate succ,s
continues his business, extends his credit .,
legations both, until he has consumed the e
with which he started and he finds Inns
need Of the "bre1d" which he has mcast %,
waters But il don't 'T-turD," not e5a
'many days" His creditors BEGIN IN cali
haps they are not so tolerant az himself nd
IS pressed and tortured with duns-get. sda
81 encouragement and makes a, additional pros
'"t yet no pay is forthcoming. Jralou ~,
rise among his creditors of his inability 10 p
Each one feels himself insecure. and f.nu,
'ther may get the start, opens the campars
writ This is the signal for genera sssd
''oneous rush and seizure Of property Nd
iiices made in the process of coyey,ing naa
ehere"t" 10 pay his debts, together with IA
costa and rupture Of bnsiaes
procure his total and almost hopeless Rul IN
We have had some experience in lhi, ms
u dong business, and profess To know sans
oont The evil we compllIn nf ia bd
mould have fallen sacrifice 10 il ,urs,lFa
pan once II We had not exercised the mo-
economy aud denied ourselves ofthose 2 .ol
HgS' which we must confess are soms.vi
fnameni, though they are not the subs
'rcrssaries Of lie.
We have olien heard the remark and "
'"l hui admit the correctness VI II from =
HpeTiencr-'that il costs more 10 e.. n
nss arising from two or three yrsrs' W
nan 1t would 10 earn as much money 0'r
prompt payments we're made.
The practice producers another evil Of o.
l'gn'iudei II makes poor p,ymsslrfs o.
'dy those who would be prompt Il t.''
vel as those who have no such dspns
Tar hrM,Dr.--The public cfieef' WI
pom salaries ought TO ST the example %. r
hy tn office. holders generally, VI n
o'hing bat money for ihrr service. a'i
'iI"| suit, and the monisd mrn 4 b0 coo
prompt Il they choose ought 70 bfia;