Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1851-05-28
To the citizens Of Lo,ua City and John
son County.
MERCANTILE NOTICE.

DEING ABOUT TO REMOVE TO MY
ID store on the corner of Clinton and College
streets, where intend carrying on business on
more extensive scale than have ever done,
and under entirely new arrangements designed
to meet the increasing wants Of this commu-
nifty, beg most respectfully to thank my
friends who have 40 literally rendered me their
confidence and patronage during the last eight
years, and assure them that with greatly enlar
ged convenience for doing business, and
heartfelt desire to merit an extension of public
confidence, am determined to use my best en-
deavors to conduct my businessso as to benefit
community. Although blind selfishness pre-
vents men in business from recognizing the
potent truth--that mans true interest is in
volved in the prosperity of community, and
that as member Of community it becomes his
duty to act in behalf Of the general prosperity.
An experience Of several years has enabled me
to form some opinion in regard to the causes of
many previous reverses in the condition Of this
country, and although the causes are varied, l
believe that an unrestricted credit system Of
dealing. is among the most prominent evils, not
only as it effects the interests Of the merchant
but that Of the public at large. Men who buy
on credit buy more than they really require,
and as all men are not equally prompt in pay
ing, the merchant requires larger profits, and
consequently the honest customer has to pay
for the delinquencies of the dishonest. Double
the amount Of goods can be sold for cash at
less than half the expense for selling them on
credit. The merchant having command of his
means can buy goods much cheaper. Credit,
| under some circumstances, is both necessary
and convenient nor do condemn its use, but
rather its abuse. would rather deny myself
bread, when hungry, than deny credit TO an
honest man, induced by necessity to ask fos
credit. But experience has taught me that a
unrestricted credit business il both uuyGVG koh14
and Dhonest, and VII -
believing that he who sells on credit can1ol
sell cheap-they invariably get credit Ct one
store and spend their money at another.
| Hereafter my aim shall be to sell largely on
small profits, sure payments, quick returns
If possible require no trust-give little on trust
sell goods for cash-buy labor and produce
for cash, and to act out, as require OF others
to do to others. To enable me to carry GU,
this scheme, ! will most respectfully call upon
my friends to pay upal long standing account.
and notes, SO that may pay those owe. Fol
rs it is my chief desire to be preserved from tn.
t,ro edged snord ofthe magistrate, have no de
sire to subject my customers to vengeance al
his hands Yet, If some of my friends do no,
call upon me soon. l will be compelled to sci
some old notes and accounts to those who use
lar more than do.
! have now on hand good assortment o.
Ncmand Fashionable Dry Goods, Boots
and Shoes, DC,
which have commenced to sell at reduced pr
ces for cash or produce, to make room for M
entire new stock which is already purchased
and near at hand GEORGE ANDREWS.
Iowa City, May Goth, 1851.