The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1854-02-15
Cash VS.. Credit.

Cash vs. Credit.
We are glad TO see that some Of our mer-
chants, are endeavoring to bring about re-
formation in business, by establishing a
"cash system" instead Of the present iniu-
rious one Of "credit." Tho truth IS, the
'credit system" is running the country; there
is no use in denying it, Men are disposed to
buy any and everything that is offered, from
The easy access they have in procuring what
they want on credit. They run in debt at
every store, at every sale, for this or for that,
with the exclamation Of charge IT," laboring
1t seems under the dclusive expectation that
credit itself will pay them out of debt. 1t
has actually become so that men think of
paying demands against them, by note or
due bill. Ask them for the money and they
are astonishcd' never heard Of such thing.
Now we PROFOUND the query: ofwhat use is
n slow note TO n man Of business, in fact of
what use is it TO any man! 1t won't pay n
debt in Charleston, Columbia, New York or
Philadelphia, verify, the generality Of them
will not pay demands at home. One would
as well, almost, have 50 much blank paper
There a'e thousands Of dollars really owing
in this community which il will require
years to collect, and which to collect effect
ually viii c&ll into operation the "pOwcr of
the LAW. The result will be broken up
merchants and farmers, all owing to the
credit system. Men are every day condem.
nlng It, and yet snch ia the power which il
eXerts that IL will require unusual detcrmna-
tiOn and hrmness To abolish il. There il no
better time than now to commence. A rev.
oiution of matters must sooner or later take
place. Coming events est their sh hldows
before them.
The whole country seems TO BE- wild, in
Offering extravagant prices for every thing,
they buy-buy-buy-merc because it is
on credit, but the day of rctribution will
come, and the consequence will be that not
only the buyer and seller. but the whole
community will feel its effects. Now, how
much better would be cash system. when
everything purchased or sold would be paid
for. Every man then would be able To cal
culat" exactly how f,r he could 70. There
would then br no accounts, notes and due
bills, harrnssing mans mind about their
certainty or uncertainty. The cash in hand
would enable mrn 10 meet all ,lrmanls
and to piy his way rs he advanced. Let the
community eschcw the credit, and adopt the
cash system. il may for awhile annoy"
but its tendency will be to p odncc economy
cuital extravaganza and preserve many a
farmer, merchant and mechanic from ruin
and dbankruptcy.-Neaoberry Sentinel
STEAMBOAT BuRNT--NEw ORLEANS, JAN
20-s-33, Z. NJ. The steamb ,at Georgia
from Montgomery, MAS burned at the
wharf last night. Forty lives are said to
have been lost, one half OF which were uc-
gross. Twelve hundred AMI fifty bales of
cotton were consumed in her The boat
and cargo are total loss. The passcu-
gers lost are said to have been from North
Alabama and South Carolina, on their way
to Texas. The papers al the boat, together
with list Of her passengers being con.
sumcd, the name Of tho sufferers canuo;
cannot now be given. The officers aud
crew were saved.
The wharf and warehouse together with
n quantity Of freight stored therein, were
al o burned.-Charles,on Standard.