Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1840-04-07
BUSINESS MATTERS
The Prompt Pau System.

'he eVils resulting from want Of punrn 81
and that cvcrlastingly troublesome cr,h IS
TEN in doing business which, peros.
section Of the country. Though we h,
a slender hope of correcting and relorn,..
bad habit of a community which has cn.. "a
half century or longer, perhaps. vet ,s., &
so many interested in reform, AM, n, II
arc SO great and so palpable we are M,
to persevere and continue the effort o. 4
whole; and it does seem to us that an IN.
gent community like ours, on sober te0,,
cannot but second our movement and nal,
effort to remedy this most perplcxine and
struc,ivc long credit practice.
As was remarked last week, we vopv
be understood as being opposed to doing
ness on borrowed capital or on the ereJr,l
tenn, because experience and obserya,m
many years has left no doubt on our mind q
these methods are both laudablc and pr,esS
BILE in numerous instances.
But II is want Of punc,uality-a ma &
hcedlessness and total disregard Of m,g
~ in the ordinary business transaction, d \
country that constitutes the monstrous evil
we believe it is no cxaggera,ion and the IA
siness part Of the community, we arc conf /
dent, will bear us out in the assertion lha. II
more than half the cases in common deal AK
contracts, between man and man. not tbe eas
regard is paid to any particular definite period
agreed upon as to fulfilling or paying accord.
ing to such contracts. Ifa debt is 70 We paid
in six months, perhaps it is paid in one yea
or eighteen months. and perhaps it runs una
the creditor is obliged to sue the claim OF "a.
on the puncfnal customer to renew his pros
Use or the statute of limitations will run uQ
| it.
Now, is there a rational man in the conul
nifty, who would presume to say that this
right-that there is nothing very impropei
pernicious in this slack method OF doing bp.
ness No. Every body who has the cap
city of goose will admit a, once that si1
wrong, morally wrong and worketh mucAg4
We will attempt TO state case in orde
illustrate some of the evils and see kori
porks.
Farmer A. buys pair of steers and a Il
cows of farmer b. and promises to pay nm
cisely six months. Farmer b, having solda
steers and cows, replaces his stock by pr
chasing sheep, having a little preference
stock his farm with sheep rather than VI
cattle, and he also promises to pay in just
Notwithstanding, very properly, if peo'
could be relied upon for their punctualliy,
have "one hand wash the other" as the
maxim runs. Well, the payday arrives
farmer A. thinks it no great matter if he d.
pay the debt precisely at the time and
has pretty good excuse; for his neighbof,i
tavern-keeper, had not paid him for fat G.
and large quantity ofhay, which he had 8
him, and which had been due six months
more. There was lawyer Shell among
mcr AS delinquents, who owed him 70
hundred pounds Of butter and two huB1
pounds of cheese, which ought 10 have /
paid in 30 days, and it was now more than
weeks after date. Let me see, says farm
A., there is Mr.. BcliO1S, the blacksmith y
Hyde, the tanner, Mr.. Peg, the shoemlL'
and Capt Clearer, the butcher, all owe noe 4
pigs, fat wethers, veal, potatoes, popTl
smoked hams, &c. g., which ought N hsy
been paid months ago and now he excisa'
with some emphasis, how can pay mydeS
If nobody pays me However, adds i'rs
A., l suppose ] could pay for my steer q
COWS If should try hard, but don, hesf'
my neighboT b. is in a very great putka y
the money, or he would have called on "
earnest before now and here the matter rel
a few weeks. Farmer b. gets out Of pa'e''
with farmer A., after giving him some pr''
broad hints that he wants his pay; and farp'
d., not finding it so easy to raise The mene'
he had supposed, without collecting be Do
OF the tavern keeper, the lawyer, &c; Il bf-
IN the reign Of locofocoism, currency linls
ing' and OF course pressing times for CASH
SUIT Is commenced in the inferior court a
farmer A. has his property attached. Ihh'
the signal for mach distrus,, oneaslnsss y
ill-will. Farmer A. also got sued by SOM
the offended neighbors Of b.. and in SO
time IT was discovered that all were BY .
ears and about dozen law suits had resSlh
from farmer BIS not being prompt. In 90.
ton to the bills Of cosi which eDsued, amo'-
ing TO money enough tn stock large lam !,
these parties had lost their reputation ="
promP,iiude and integrity, and thus tbs '''
with all it's dependencies, was brought
disastrous termination.
\, -. -. Il = ffgi