Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1850-1859, 1851-06-18

I'd ready appropriated.
it To the business man the credit system
ly unquestionably beneficial, when used ar
es not abused as it too often is but our ow
t, experience is, that to the working mai
re the day laborer, the journeyman mechanic
" to any one who works for day wages, it
0 much more likely to Prove injurious, an
d that the less they have to do with it, th
= better.
The very assertion Ono doubt of its be
ing fact) that the enactment Of the law
abolishing imprisonment for debt and ex
empting a limited amount of property, tn
bare necessaries of life, from execution
and sale, operates to prevent the poor ma,
, from obtaining credit, should show hin
. the nature and operations of that credit
and Of the friendship of those who vii
only credit him on such conditions.
i We could not easily be persuaded to re.
gard that man as friend, or as doing a
friendly act, who would allow US to pur-
chase from him on credit, articles either of
real or imaginary necessity with the de-
termination if we should be unable to pay
at the stipulated time, to raise the money
by stripping our home of its comforts,
taking the beds from under our wife and
children, and the bread from their mouths.
or, failing in this, to compel payment by
consigning our body to a prison. Far
from it; but on the contrary, when the
means are used that often are used, to in
duce men to contract debts, by the pur-
chase OF articles that are not necessary, bv
the assurance that the seller don't want
money relying upon the strong arm of
the law to enforce payment when he does
want it, We look upon the sedueer as the
poor mans worst enemy, and the laws that
aid him in the enforcement of his claims
as relics of barbarism, that should not be
suffered to disgrace the Statute books of
free people. "Owe no man anything" was
the wise injunction of the great apostle,
and we'll would it be if all who acknowl-
edge its inspired source would obey the
precept.
For the working man the cash system
is the best, the only safe system, and it
would be we'll If those who profess so much
ucuIty OvIAoIuSAO~ ssAo v...J .s.S....4,,
ges he would derive rrotu IT'S advr..ei, a.
stead Of plundering him Of half his earn
ings by means of orders, trade prices,
semi-occasional payments, and the other
machinery of the credit system. Cash
and sound currency will conduce
more than anything else to the comfort,
prosperity and independence of the work
ing classes. Paid for their labor in cash
they will purchase what they want, and
only what they want, upon the best terms,
if paid in sound currency, which they
can lay by with an assurance that ii will
not depreciate or become worthless in a
day, month, or year.
A shinplaster currency has the same
effect in leading the poor man to dissipate
his earnings that the credit system has;
in the one case he is induced by the desire
Of possession, which he is tempted by the
cupidity of the vender to crafty, to anti
cipate his earnings, and for the possession
Of that which he does not really need, de-
prive himself at future day of the ability
to procure that, for want of which himself
and family must suffer privation i; and in
the other case he purchases al unnecessary
article, that he may have some value for
that which he fears will prove valuelcss
before he has occasion to spend it neces-
sarily.
The legislature of Michigan, we believe,
have abolished all laws for the collection
of debts, and We are of the opinion that
they have done wisely. The great blessing
of the credit system is the impetus it gives
to business, the facilities it affords for in
creased production, and over production
appears 60 be the very "error ofthe times
the fruitful cause of all the evils that op-
press labor and improvish capital. If the
effect is really so injurious, the cause can
not be beneficial We do not believe that
the rapid increase Of the comforts and nee
essaries of life is necessarily an evil; the
evil lies only in their imperfect distribu-
ton; but we do believe that the desire for
gain, the disposition to expand all kind of
business operations, to multiply factories,
furnaces, forges, and even farms, needs
no artificial or legislative stimulus, but
that the interests of all concerned would
be ultimately enhanced by occasionally
putting on the breaks as theaction Of the le-
gislature Of Michigan will most assuredly
do.-Harrisbnry Keystone.
Though sometimes, small evils, like in
visible insects, indict pains, and single
hair may stop a vast machine, yet the
| .h;of secret Of comfort lies in not suffering