St. Mary's beacon. [volume] (Leonard Town, Md.) 1845-1863, 1854-11-16
MISCELLANEOUS.
THE MONEY PRESSURE.

by experience. there would not be there
a 1.-THE OF the trouble. care -.perplexity.
privation, disappointment and despair
in the world. which now afFlicts man
kind. Not tithe-ave. verify, we mean
what we say--nine-senths Of all the
misery Of cirifized life might be ea,ily
banished--by the uses oG experience.
A paper before us from neighboring
CITY, speaking the other day or current
affairs in the monetary world. remarked,
that a trying crisis would commence in
commercial circles ON the 1<t of Novem-
her. and continue to the 4th. No doubt
Of it. II is the period at which a large
amount Of the paper covering the trade
of last spring falls due. A like pinch
ing time was experienced in the first
four DAYS Of September. They are sea.
sons Of periodical terror TO some. of DIS
looked for. esteemed as IS essential ito all.
mercia, transactions, and constitute a
mart of the sanctiiies of system that Is
j. go. ....,- 10y Stem that ought tdsbe. and
some day will be beneath contempt. Then.
as thing Of the past. it will not he sim
ply venerable absurdity, but marvel
OT COmnerctal IatuIty.
The journal to which we have alluded
speaks further of the arrangement of
the currency in Ohio Indiana.
Hines, ami Kentucky of the
stringency in the money market: Of the
necessary reliance OF the city merchants
u, on the interior traders; of the disap-
point,nent that will be experienced and
casually adds, those of our CITY mer-
chants who pass through this week NAV
hope for little more ease" And we
cordially hope they may find it. How
it will be in our sister city we know moi.
Here, the pressure is Just now intense,
but we are gratified TO learn that it is
sustained with energv-energy that will
spare no effort tn overcome IL.
But the experience, the practical
knowledge to be gathered from all this,
should be the frs. and paramount con-
Germ with all those who. wsuld be bene-
fitted by it, and who would permanently
overcome the evil. We most earnestly
recommend to public attention, and
especially in commercial circles, some
two years ago. a work entitled 1.-The
Successful Merchant" AT time like
this, we are induced again to commend
il to intelligent and candid perusal. II
illustrates, by a real life, the eminent
practicability and pre-emineat character
OF q cash business. Such an intimaiion
is met by a sneer. The thing is secuted
as an impossibiIity and lippant ejacula.
ton would silence remark. 1t will do
very we'll for this business, or that, but
il will never do in commerce.
Commerce :" And what business
is not commerce, Barter, the strict
exchange of commodities, is now merely
an incident of business intercourse. If
a carpenter wants pair of shoes he BUYS
sthem. IL On credit, he expects to paw .
for them, with money. He does not
exact a piece of the exchange of his
handiwork. This rule applies through
all society. But when settling takes
place, there i an exchange of bills as
part of the adjustment Of accounts; and
out OF this thing alone innumerahle diff
culties arise. The first great object, the
prime aim of every man, should be
therefore, to do a cash business and
every man who does rot do this is false
TO his best interests.
We lay it down as an axiom, that It is
quite possible to do all business upon
cash principles. If this be conceded.
We should have no difficulty in proving
the innumerable, the infinite advantages
that would flow from it. It must be con-
ceGed, that nrider the credit system, the
man who pays cash, or even pays on the
expiration of has term of credit, is taxed
for the delinquency of those who do moi
pay at all. This is denonstrable promo
sition, and dehes all efforts to evade it.
1t is when, under peculiar circumstances,
or the recklessness of the seller, his bad
debts exceed his calculations, that he.
himself, fails. But the man who sue.
ceeds and accumulates wealth, under
the credit system, does beyond question.
as necessary consequence OF the svs-
tenn, cover his bad debts, by his good
one>-his losses, by his gains. The
equity OF the case therefore would re.
quire, that the sum of his losses, should
be deducted from his gains. and-distri1-
ufed amongst has paying customers. That
there is some objection to such conclu-
sion, we can readily believe.
we might pursue this subject, and
shall, IN all probability, now and then,
to further extent. Indeed it is one
that when once fairly before the people,
will enlist the efforts of the best and
wi>est of men. II is a practical thing
and comprehends the good of all classes
oisociety. II has no element of fanati.
cism in il: is based upon the soundest prin-
ciPals of morality and religion, and can
Be conducive only to public and private
goo l.--BaLfimOre San.
DEATH CAUSED By Joy,-The How