New-York daily tribune., 1845-02-22
Remarks.

hfHlnffS.
Gsy- Wa donot mean TO dispute the Constitutional
prerogative of every freedom American TO write
himself down an ass when ne thinks proper, bu,
we must protest against h,s doing II at our expense
or at the expense of important truth. We beg
leave, therefore, to remind Pearl-street that IT is
utterly false that we have ever assaulted the repu
tation of those Dry Goods houses which sell on
credit, or imputed to them dishonorabe practices
Ii is utterly false that we have recommended those
houses which profess 10 sell for cash, or asserted
that they sold goods cheaper than Others. Whether
there are any houses in the City which sell excIu-
avely for Cash, we neither know nor care, but tins
we do know--,hat ttre IS no house ,chich icia not
sell considerably cheaper for cash than for credit,
on anv large scale We know this because we
know they are not generally managed by fools,
however the tact may be with that represented by
'Pearl.stree. and no sensible man or hrmca think
of selling 500, 900 worth OF goods all overthe coun
try on credit so cheap as he would Tor cash. All
this would be palpably true although nobody had
ever proposed or pretended TO sell goods for cash
only; and "Pear-Sreets" abusive and utterly un.
provoked attack on the proiessedy cash houses has
no relevancy TO the subject he undertakes to dis
cuss, md proves only his own spite aud jealousy
us in favor of the Cash Jobbeys us his wanton on
slaught. We trust they have too much sei-reSpect
j 10 reply.
'sPearls,reet" does not seem 10 see that he HIM
self proves his statements with regard 10 The cash
Jobbers' credits and losses, the mschcyous hazards
Of miscellaneous Mercantile Credit, and the impos
sibilty OF meeting them withou, wide margin on
the price of the goods. His eah dealers who sell
oncredit forcibly illustrate our former remarks The
sellers ON credit m'isi charge q heavy per centage
ioririsk guaranty, or they viii very soon find; hem
selves IN the bankrupt list,
AS 10 Credit building UP our cities, Nc &c, we
understand all that, and more too. We know that
II has built, or caused 20 be built srea, many
things that have not vet been paid iorwe leave 1t
10 Pearl-s.reet 20 say when theywill be- But what
has this 10 do with the matter IN hand How many
times mus; say, what II should no, be necessary
for us 10 say at all, that we are friendly 10 Credit
and the Credit System though averse 10 the Msr-
CATTLE as a mos; expensive, loose and hazardous
form. OF Credit Let the farmer or mechanic mort
gage his farm or hoass, get a note discounted in
the nearest Bank, or obtain credit in any way al
precise and known rate of interest, but le, him pay
for his goods when he buys them. Ready money
is a great check on the Imagination
Once more let us try to simplify the whole mat
ter. There will long be Mercantile Credit-let
.Pearl.street' indulge no apprehensions on that
score. Though we were to talk OF nothing else for
year, the bulk of the goods purchased IN the Cities
10 be re,ailed in the Country would still be bought
on time Bu, Credit in this form Is measurasg
hazardous, and the goods which are bought by dis
honest, incompetent or unfortunate Comfy dealers
must paid for, in roundabout way, by The other
class Who can doubt this! Then, we say, let
Credit be given where there IS substantial asst
rance of payment and not from New-York 10 Ar
kansas and Iowa. Yet SO long as Arkansas and
Iowa ask credit they will get it, and must pay for
but s sooner they poyk ott Of the tcay Of The better.
This is the point 10 which our remarks have uni
formly tended. Let the man who os County which